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http://dx.doi.org/10.38121/kpea.2022.3.38.2.31

A Study on Estimation of Input Criteria for ESG Performance Index : The Country Level of ESG Index Perspective  

Lee, Kyong-Han (한남대학교 무역학과)
Publication Information
Journal of Korea Port Economic Association / v.38, no.2, 2022 , pp. 31-47 More about this Journal
Abstract
The purpose of this study is to develop a reliable tool that can classify and measure detailed indicators related to the performance of ESG implementation in the country and verify their applicability. Based on World Bank's data as input data, 67 types of ESG-related detailed indicators measured in a total of 239 countries were tested to derive an optimal model that could group detailed indicators into three categories: environment, society, and governance. As a result of the analysis, it was confirmed that a total of 10 detailed indicators had a statistically significant relationship with the country's ESG performance. In addition, the detailed indicators showed a positive correlation with the primary latent variables E, S, and G, and showed a high overall index in the suitability of the model to secure the validity and reliability of variable input. As a result, this study confirmed that several detailed performance indicators constituting ESG can be classified as latent variables, and it can be said that clear criteria for the selection method and input validity of variables were presented.
Keywords
ESG; SDG; Structural Equation Model; CFA; Path analysis;
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Times Cited By KSCI : 1  (Citation Analysis)
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