จริยธรรมการเปิดเผยข้อมูลเชิงพุทธ: ทุนทางสถาบันพุทธศาสนาในฐานะปัจจัยกำหนดคุณภาพการรายงาน ESG

Kiatanantha Lounkaew

Authors

Kiatanantha Lounkaew Faculty of Economics, Thammasat University

Keywords:

ESG Reporting Quality, Buddhist Disclosure Ethics, Buddhist Institutional Capital, Asian Context, Informal Institution

Abstract

This academic article develops a novel conceptual framework termed "Buddhist Disclosure Ethics" (BDE), which explains the mechanisms through which Buddhist Institutional Capital (BIC) transmits to ESG (Environmental, Social, and Governance) reporting quality in the Asian context, drawing on evidence from multiple regions, structured around four thematic issues. First, with respect to the BDE framework, five Buddhist principles Right Speech, Dependent Origination, Right Livelihood, Loving Kindness and Compassion, and Impermanence and Non-self generate intrinsic motivation for ESG reporting that is qualitatively distinct from compliance-driven reporting, operating through three disclosure quality dimensions: breadth, materiality quality, and substance. Second, with respect to BIC-to-BDE mechanisms, BIC operates through three institutional channels normative, cognitive, and regulative with empirical support at both organisational and regional levels. Third, with respect to ESG reporting quality determinants from the international literature, BDE complements and is theoretically distinct from existing internal and external determinants, because it operates at the value level prior to regulatory and market incentives. Fourth, with respect to ESG rating divergence, BDE proposes an institutional solution by building intrinsic reporting motivation that reduces the gap between symbolic and substantive ESG disclosure. The article concludes with policy implications for ASEAN regulators and directions for empirical research.

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