• 한국의상디자인학회지
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• 제26권1호
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• pp.99-109
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• 2024

This study focused on analyzing the difference in the impact of non-financial performance, specifically ESG (Environmental, Social, and Governance) activity grade level, on management performance and corporate value among the 25 fashion companies listed on the Korea Exchange that completed their ESG evaluation in 2022. The companies were categorized into three levels based on their ESG evaluations: ESG Integrated Grade (ESG-T), ESG-E (Environmental), ESG-S (Social), and ESG-G (Governance). The study then empirically analyzed how these levels affected management performance and corporate value. The empirical analysis revealed significant differences in the impact on management performance and corporate value depending on the ESG activity grade level. Companies with higher ESG grades exhibited better management performance and higher corporate values across all ESG sub-variables (ESG-T, ESG-E, ESG-S, ESG-G) compared to those with lower grades. This finding demonstrates the influence of ESG activity grade levels on improving management performance and enhancing corporate value in fashion companies. The results of this research provide meaningful insights into the direction of sustainable management through ESG activities in fashion companies.

• 한국프랜차이즈경영연구
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• 제14권2호
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• pp.19-30
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• 2023

Purpose: Corporate management is under pressure to contribute to social values beyond profit-seeking, and interest in ESG (Environment, Social, Governance) is increasing worldwide. In the recent global climate change crisis and the COVID-19 pandemic, the importance of non-financial values such as ESG is increasing. Therefore, the purpose of this study is to prepare a strategy for future ESG management activities by analyzing the impact of it on corporate performance by food companies. Research design, data and methodology: ESG-related research trends, ESG activities, and corporate performance were analyzed. After that, a regression analysis was conducted to identify the relationship between ESG evaluation grade and corporate performance. Result: ESG management activities measured by ESG scores did not significantly affect the return on assets, one of the variables of corporate performance. However, as a result of setting the return on equity as a dependent variable, ESG management activities have a nonlinear relationship with corporate performance, and ESG management activities have a positive effect on corporate performance when investment in ESG management activities is reasonable. Conclusions: These results show that food companies should engage in an appropriate level of ESG management activities to improve corporate performance.

• 산업진흥연구
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• 제9권2호
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• pp.197-205
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• 2024

본 연구는 2012년부터 2022년까지 중국 A주 상장회사 중에서 중오염기업을 표본으로 하여 기업의 ESG 성과가 채무불이행 위험에 미치는 영향을 분석하였다. 연구 결과는 좋은 ESG 성과가 기업의 채무불이행 위험을 효과적으로 감소시키는 것으로 나타났다. 추가 분석에서는 기업의 ESG 성과가 자금조달 제약의 영향을 완화시켜 채무불이행위험을 감소시키는 것을 보여주었다. 본 연구는 ESG 성과의 관점에서 채무불이행 위험의 영향 요인을 탐색하고, 기업의 ESG 성과가 경제적으로 미치는 영향에 대해 연구하여, 기업의 채무불이행 위험 예방에 대한 실증적 자료를 제공하였다.

• 한국산업정보학회논문지
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• 제28권6호
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• pp.173-187
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• 2023

본 연구는 지속가능경영보고서를 발간하는 상장기업을 대상으로 ESG 성과가 외국인지 분율에 긍정적인 영향을 미치는지 확인하는 것을 목적으로 한다. 나아가, 지속가능경영보고서 내 환경정보를 TCFD 권고안에 맞춰 공시했는지가 ESG 성과와 외국인지분율 간의 관계를 조절하는지 검증한다. 실증분석 결과는 다음과 같다. 첫째, 해당 연도의 ESG 성과 및 다음 연도의 외국인지분율 사이에는 양의 상관관계를 가진다. 즉, 기업의 ESG 성과가 높을수록 외국인지분율도 높아진다. 둘째, TCFD 권고안에 따른 환경정보 공시 여부가 ESG 성과와 외국인지분율 간의 관계를 양의 방향으로 조절한다. 즉, TCFD 권고안에 따른 환경정보 공시는 ESG 성과와 외국인지분율 간의 양의 상관관계를 더 강화한다. 결론적으로 본 연구는 외국인 투자자는 ESG 성과가 좋은 기업에 더 투자하며 특히 TCFD 권고안에 따라 환경정보를 공시하는 기업의 경우 그 효과가 더 크다는 것을 보여준다.

• 웰빙융합연구
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• 제7권4호
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• pp.75-89
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• 2024

The purpose of this study was to investigate the impact of coaching leadership on ESG management performance through employee innovation behavior in the context of SMEs. Amid the lack of ESG-related research on SMEs, this study is significant in that it empirically verified that coaching leadership can contribute to the improvement of ESG performance of SMEs by inducing innovative behavior of employees. For the study, a survey was conducted on 244 employees of domestic SMEs. As a result of the study, it was found that coaching leadership partially had a positive (+) effect on ESG performance. Specifically, direction suggestion and competency development had a positive effect on the environment, social responsibility, and governance structure of ESG performance, but the relationship with performance evaluation did not have a significant effect. In addition, the direction of coaching leadership and competency development had a positive effect on innovation behavior, but performance evaluation was not significant. Innovative behavior had a significant positive (+) effect on all aspects of ESG performance (environment, social responsibility, and governance), and showed a significant mediating effect in the relationship between coaching leadership and ESG performance. This suggests that innovative behavior plays an important role in mediating the relationship between the sub-factors of coaching leadership and ESG performance. The theoretical significance of this study is to support the innovation behavior of members through coaching leadership in the SME field and to identify a path to increase ESG performance as a result. In addition, most previous studies on the relationship between ESG and innovation behavior have shown that innovation behavior is promoted by the influence of ESG, but this study confirmed that innovation behavior of SME members is an important factor in improving ESG performance. These results provided practical and policy implications for promoting ESG performance by leading the use of coaching leadership and innovation behavior in the SME field.

• 한국병원경영학회지
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• 제28권2호
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• pp.66-78
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• 2023

Purposes: This study explored the difference analysis of financial performance and technological innovation according to the ESG management activities of healthcare companies based on the time before and after the mandatory ESG management reporting of listed Chinese healthcare companies in China. Methodology: This study collected ESG management activities, corporate financial performance, and technological innovation data of Chinese listed healthcare companies by using Bloomberg Database and China-listed company reports to collect data for analyzing differences between groups through T-test. Findings: ESG activities in the healthcare industry have a certain impact on corporate financial performance, but have no impact on corporate technological innovation. Like the world trend, the ESG activities and financial results of China's healthcare industry have shown a positive development direction in recent years, and ESG scores are rising. Practical Implication: Since 2018, ESG activities in China's healthcare industry have flourished, and ESG activities and financial performance have developed in a positive direction.

• International Journal of Internet, Broadcasting and Communication
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• 제15권3호
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• pp.185-190
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• 2023

Due to the growing importance of ESG management, various studies have been conducted to explore the relationship between ESG performance and corporate value. The purpose of this study is to investigate how a company's ESG performance impacts its corporate value. The research findings indicate that there is difficulty in explaining the relationship between ESG performance of Korean IT companies and firm value in a straightforward manner. However, the results demonstrate that companies with higher profitability, higher foreign ownership, and higher R&D expenditure tend to have a positive impact of ESG ratings on corporate value. Based on these results, we can infer that Korean IT companies can enhance their corporate value by increasing R&D investments to develop innovative products that improve profitability. Additionally, attracting higher foreign investments can also positively influence ESG performance and subsequently increase corporate value. Acknowledging these factors can help companies realize the significance of ESG performance in elevating their overall corporate value.

• 실천공학교육논문지
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• 제15권3호
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• pp.663-670
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• 2023

본 연구는 소비자(외부고객) 관점에서 ESG 경영과 ESG 성과를 살펴 왔던 기존 연구들과 달리 조직 구성원인 내부고객의 관점에서 ESG에 대한 태도와 ESG 성과인식 간의 관계를 살펴보는데 목적이 있다. 이를 위해 ESG영역별 중요도에 대한 내부 구성원의 인식이 조직의 ESG 경영 필요성과 성과 인식에 미치는 영향관계를 세 가지 연구질문으로 정리하고 구조방정식 모델을 이용해 영향관계를 살펴보았다. 연구결과 내부고객은 E(환경)영역, G(지배구조)영역을 중요하게 인식하면 조직의 ESG 경영 필요성을 높게 인식하였지만 S(사회) 영역에서는 ESG 경영 필요성과의 유의적 관계를 나타내지 않았다(연구질문 1). 또한 ESG 영역별 중요도 인식과 조직의 ESG 경영 필요성간 관계는 내부고객의 ESG에 대한 관심이나 지식정도, 연령 등에 따라 차이가 거의 없는 것으로 나타났다(연구질문 2). 끝으로 조직의 ESG 경영 필요성을 높게 인식하는 내부고객은 조직의 ESG 성과 수준에 대해서도 긍정적으로 인식하는 것으로 나타났다(연구질문 3).

• 문화기술의 융합
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• 제9권3호
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• pp.19-26
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• 2023

환경·사회·지배구조(ESG) 성과가 투자자의 의사결정에 미치는 영향이 커지고 있다. 과거 기업의 재무적 성과에 집중하던 투자자의 시선이 기업을 둘러싼 이해관계자의 이익이라는 비재무적 성과로 확장하고 있는 것이다. 이런 배경에서 본 연구는 기업의 비재무적 성과인 ESG 성과가 기업위험에 미치는 영향을 분석하기 위해 한국기업지배구조원이 평가하는 기업을 대상으로 패널회귀분석을 실시하였다. 분석 결과 ESG 성과는 세 가지 기업위험(체계적위험, 비체계적위험, 총위험) 모두에 대해 음(-)의 영향을 미치고 있어 이해관계자이론과 위험관리이론을 지지하는 결과를 나타냈다. 본 연구의 시사점은 첫째, ESG는 비체계적위험 뿐만 아니라 광범위하고 무차별적인 체계적위험도 감소시키고, 둘째, 투자자는 ESG 투자를 집행함으로써 투자포트폴리오의 위험을 감소시킬 수 있고, 셋째, 기업은 ESG 경영의 보험기능을 활용함으로써 부정적인 상황에서도 안정적인 재무성과를 영위할 수 있으며, 마지막으로, 정부는 합리적인 ESG 관련 규제를 통해 기업의 재무적 건전성을 제고하면서 금융시장의 안정성을 높일 수 있다는 것이다.

• 한국항공운항학회지
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• 제30권3호
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• pp.92-108
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• 2022

This study aims to intensively analyze the effect of ESG activities on the Business performance focused on Korean national flag carrier. The purpose of this study is to provide ESG activities to promote the sustainable development of Korean national flag carriers by verifying the impact of ESG on airline's business performance through mediate variables within the airline industry in consideration of the value and importance of ESG. A survey is conducted with a total of 272 users of Korea's national flag carrier both Korean air and Asiana airline. The collected data is analyzed using a structural equation model. The results show that ESG management has an indirect positive effect on business performance. It is expected that the results of this study may be employed as fundamental data to emphasize the relative importance of an ESG activities, thereby enhancing the Korean national flag carrier's business management and eliciting a positive impact on sustainable growth.