• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.953-962
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• 2021

This study aims to examine the effect of environmental performance and good corporate governance (GCG) on the firm values mediated by corporate social responsibility (CSR). The sample in this study was obtained using a purposive sampling method and collected from 205 companies. The analytical method used is moderating regression analysis. The results of this study indicate, first, that corporate social responsibility affects the value of the company. The results of this study indicate that the better corporate governance will increase the value of the firm and vice versa. Second, corporate social responsibility has a direct effect on the firm value, but the effect is still smaller when compared with the internal mechanisms of good corporate governance. This study also found that corporate social responsibility cannot mediate the effect of good corporate governance on firm value. Third, the company's environmental performance influences the company's value. Finally, the effect of environmental performance on company value will be better if mediated by corporate social responsibility. This result shows that environmental performance is a proof that the company's environmental and social concern, which is manifested in corporate social responsibility, will be responded positively by the market so that it will increase share prices (firm value).

• Journal of Contemporary Eastern Asia
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• 제17권2호
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• pp.176-198
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• 2018

Environmental issues are among the most critical issues nowadays. These issues are no longer confined to individual countries, and international society has been progressing in building global dialogues since the early 1970s. Within these international efforts, Germany and Japan have played essential roles in global environmental governance. However, there are major differences in nation-level environmental policies in both countries. Governance based on network structure is more efficient than that based on hierarchy for solving complex problems. The network structure is formed through horizontal cooperation among various autonomous actors, and the relationship intensity among actors is one of the key concepts in the governance. Using social network analysis as a framework to explain complicated societal structures explains how interaction among actors creates networks, and these networks further affect their interactions. The purpose of this study is to investigate the structure of environmental policy governance as collaborative governance in Germany and Japan. To address this goal, this paper analyzes the relationship between the informational dimension of governance networks and its complement resource-sharing networks in both countries. The results show that the information-sharing networks have lower-level network influence on the resource-sharing networks as higher-level networks even if not all of the information factors have singular influences. The results suggest that the information-sharing networks may be one of the pieces of the puzzle for explaining this phenomenon in environmental governance in Germany and Japan.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.187-198
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• 2021

The objective of this study is to examine the direct and indirect influences of government's role, organizational commitment, and media exposure on the corporate social and environmental responsibility disclosure (CSERD) of 42 Indonesian state-owned enterprises (SOEs) with good corporate governance as the mediator. This study uses a quantitative approach with path analysis to test the hypothesis. The sample in this study was directors of 42 state-owned enterprises in Indonesia. The data was collected using a questionnaire with items assessed on a five-point Likert scale. This study finds that 1) the government's role, organizational commitment, and media exposure have direct influences on good corporate governance and corporate social responsibility disclosure; 2) the government's role and organizational commitment have significant influences on corporate social and environmental responsibility disclosure with the mediation of good corporate governance, indicating that government's role and the organizational commitment are factors affecting Indonesian state-owned enterprises; and 3) the media exposure through good corporate governance mediation does not have a significant effect on corporate social and environmental responsibility disclosure. This means that media exposure is only one of the tools for CSERD, while SOEs have no obligation to disclose CSER through website or printed media.

• 한국정보시스템학회지:정보시스템연구
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• 제32권4호
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• pp.51-67
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• 2023

Purpose While research on ESG management in airlines is ongoing, research on airports, especially regional ones, remains insufficient. This study's point of departure is the inquiry into how the local airport industry is addressing global environmental shifts and engaging in ESG management activities. Design/methodology/approach Based on previous studies, the relationship between ESG(Environmental, Social, Governance) management, safety management, reputation, and management performance was analyzed. We analyzed 578 questionnaires through structural equation modeling using AMOS 21.0 to test our hypotheses. Findings First, environmental, social, governance, and safety management have a positive effect on both reputation and business performance. Second, reputation has affected business performance. Third, reputation was affected in the order of governance management, safety management, environmental management, and social management.

• 아태비즈니스연구
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• 제15권1호
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• pp.33-44
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• 2024

Purpose - The purpose of this study is to empirically investigate the degree of performance inconsistency among the Environmental, Social and Governance ratings. Design/methodology/approach - This study performs regression analysis using the widely used ESG ratings published by the Korea Institute of Corporate Governance and Sustainability. Findings - The results show that firms often do not show consistent performance across the Environmental, Social and Governance aspects, with excellent performance on one aspect but mediocre or poor performance on another. The paper also finds some degree of firm-level persistence in such performance inconsistency, suggesting that the traits of the firm and the industry the firm belongs to might influence whether a firm shows inconsistent performance across the three aspects. Research implications or Originality - This paper highlights the need for researchers and practitioners to understand the underlying behavior of the individual E, S and G ratings, instead of taking them as given, in order to properly design their analyses.

• 문화기술의 융합
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• 제9권3호
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• pp.239-247
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• 2023

관광산업은 다른 산업들보다 사회문화 교류의 촉매 작용을 하는 산업으로 경제적, 사회적, 문화적, 그리고 환경적 측면에서 지속 가능 경영에 강한 책임감을 느끼고 있다. 하지만, 일반 기업보다 ESG(Environment Social Governance)에 대한 인식이 낮으며, 현재까지 모기업이 대기업인 곳만 ESG에 관심을 가지고 있다. 그뿐만 아니라, 참여하는 관광기업도 ESG에서 환경(Environment) 분야에만 집중하고 있다. 따라서, 본 연구는 관광학 분야의 ESG 연구 분야 및 현황을 이해하고, 이를 바탕으로 현재 관광학 분야에서 필요한 ESG 연구 분야를 제시하고자 하였다. 본 연구 결과 관광학 분야에서 ESG 발전을 위해 필요한 분야를 다음과 같이 세 분야로 제시하였다. 첫째, 관광산업 분야에서 ESG를 이해하고 발전시키기 위해서는 먼저 다양한 이해관계자 집단들이 생각하는 ESG 경영에 대한 인식조사가 선행되어야 한다. 둘째, 서비스 산업인 관광산업의 특성을 반영한 객관적인 ESG 평가변수가 개발되어야 한다. 마지막으로, WTTC(World Travel & Tourism Council)에서 관광산업 분야에 제시한 GRI(Global Reporting Initiative)공시전략을 바탕으로 ESG 경영 활동을 객관적으로 공시하는 전략기술이 필요하다.

• 신재생에너지
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• 제18권2호
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• pp.60-72
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• 2022

The environmental, social, and governance (ESG) score is gaining recognition as important nonfinancial investment criteria. With climate change emerging as a global issue, energy companies must pay attention to the ESG impact on corporate performance. In this study, the ESG impact on the performance of energy companies was analyzed based on 23 companies selected from the S&P 500. The panel corrected standard error methodology was used. The Refinitiv ESG score was the independent variable, and financial performance metrics, such as Tobin's Q, return on assets, and return on equity, were the dependent variables. It was found that the ESG score is positively associated with long-term corporate value but not with short-term profitability in the electricity utility industry. Among the subcategories of ESG, the environmental and social scores also showed positive correlations with long-term corporate value. A direct incentive policy is recommended that can offset expenses for ESG activities to reduce carbon emission in the energy sector.

• 산경연구논집
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• 제14권4호
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• pp.23-31
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• 2023

Purpose: Gas firms often fall victim to disregarding the importance of sensitivity, thus leading to many unprecedented repercussions. To ensure that gas firms fully contribute to sustainability and ethical standards, environmental Social Governance (ESG) has been identified as the ideal framework. This study aims to investigate the impact of ESG management for improving gas firm performance. Research design, data and methodology: The prior qualitative literature analysis was to figure out adequate past research for the topic based on the major portal web databased, such as 'Google Scholar' and 'Scopus' to make sure resources' credibility. Results: Gas firms are among the pertinent organizations vis-à-vis environmental destruction issues. Gas firms emit dangerous gases such as ethane, carbon dioxide and methane that are dangerous for the people and the environment. Thus, many pro-environmental conservation stakeholders have had rallying calls for such gas firms to mitigate environmental pollution intentionally. Conclusions: This study may be used to human resources in improving employee results elsewhere. Besides, it can be of the essence in improving the relationship between such firms and society. Therefore, the study findings are of greater significance and implications to multiple parties, users and stakeholders regarding the research topic and beyond the current scope of the study.

• 산업진흥연구
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• 제7권2호
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• pp.15-29
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• 2022

본 연구는 기업의 ESG 실천이 경영성과에 어떻게 영향을 주는지 규명해 보고자 하였다. 이를 위해 ESG의 3요소인 환경(E), 사회(S), 지배구조(G) 측면의 환경적책임활동, 사회적책임활동, 지배구조활동의 실천이 경영성과에 미치는 영향, 조직효과성의 매개역할과 기업가치관인식의 조절역할에 대해 실증분석 하였다. 분석결과는 다음과 같다. 첫째, 환경적 책임활동, 사회적책임활동, 지배구조활동은 모두 경영성과에 정(+)의 영향을 미쳤다. 둘째, 환경적책임활동, 사회적책임활동, 지배구조활동은 모두 조직효과성에 정(+)의 영향을 미쳤다. 셋째, 조직효과성이 환경적책임활동, 사회적책임활동, 지배구조활동과 경영성과 간에 모두 부분매개역할을 하는 것으로 나타났다. 넷째, 기업가치관인식은 사회적책임활동을 제외하고 환경적책임활동과 지배구조활동에는 조절효과가 있는 것으로 나타났다. 따라서 ESG 실천 강화는 투자를 위해 필수적일 뿐아니라, 경영성과를 개선하는 데도 도움이 될 것이다. 더불어 본 연구의 결과는 ESG 실천을 촉진하기 위해 구성원에 대한 ESG 교육을 강화해야 하며 기업가치관이 ESG를 반영하도록 경영전략을 재정립하는 것이 필요함을 시사하고 있다.

• 산경연구논집
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• 제12권5호
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• pp.17-25
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• 2021

Purpose: The purpose of the study is to determine the level of environmental governance practices of Local Government Units (LGUs) on the implementation of waste policies. It determines the level of compliance with the waste policies implemented by LGUs particularly on waste resource conservation and waste reduction; the degree of the implementation of the environmental governance on education, values, health, and economic sufficiency. Also, it determines the initiatives done by the local government units to decentralize the leadership on waste sustainability. Research Methodology: The survey method was employed to gather information from municipalities and cities on waste programs implemented by the local government units. The data were gathered from households, schools, businesses and industries; and local government units. Results and Conclusions: The findings revealed that the level of environmental governance on waste reduction and waste resource conservation was fairly implemented by the local government units. The LGUs used the four areas of governance to keep the municipality self-sufficient, well-managed, and free from waste issues. The research can be used by the academe as a good teaching material for social responsibility, public administration, strategic management, and environmental-related courses.