• 문화기술의 융합
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• 제5권3호
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• pp.71-78
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• 2019

기업의 지속가능한 성장을 위해 윤리경영이나 사회공헌활동 등 사회적 책임의 중요성이 더욱 강조되고 있다. 이러한 사회적 관심과 기대의 증가로 기업의 사회적 책임에 대한 연구가 많았음에도 불구하고 대부분 일반 제조업을 대상으로 한 연구에 국한되었다. 본 연구는 금융업을 대상으로 사회적 책임활동이 재무성과에 미치는 영향을 분석하고자 함이 목적이다. 또한 경제정의연구소가 발표한 사회적 책임활동 우수기업과 그렇지 않은 기업의 재무성과에 대한 차별성을 분석하고자 한다. 분석기간은 2011년부터 2016년까지이며, 자기상관과 이분산 문제를 해결하는데 상대적으로 효과적인 Robust Regression 방법론을 이용하여 분석하고자 한다. 분석결과, 사회적 책임활동(KEJI 지수)가 높을수록 재무성과에 긍정적인 영향을 미친다는 사실을 검증하였다. 또한 사회적 책임활동 우수기업과 그렇지 기업의 재무성과에 유의한 차이가 있음을 확인하였다. 이러한 결과는 기업의 재무전략수립에 중요한 시사점을 가질 것이며, 지속가능한 경영을 위해 노력하고 있는 금융업계에 유용한 정보로 작용할 것이다.

• 품질경영학회지
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• 제49권3호
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• pp.393-404
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• 2021

Purpose: The purpose of this study was to examine the corporate responsibility activities and investigate the effects of these activities on financial performance in public institutions. Methods: The collected data using annual performance evaluation for the year 2017-2019 were analyzed using multi-regression analysis. The corporate social responsibility activities for this study were divided into three dimensions such as social value, efficiency, and welfare. Results: The results of this study are as follows; first, public institutions with high evaluation in social value and welfare had a significant positive effect on financial performance factors such as ROA and ROS. Second, we find that there is a significant negative relation between social value activities and debt ratio. This result means that the higher social value activities, the lower debt ratio. It was also found that the activities for enhancing social value made statistically significant positive influence on BIS performance. Conclusion: These results can be interpreted that public institutions trying various social contribution activities does not necessarily bring negative results for financial performance. In conclusion, it means that socially responsible activities and ethical management in the desirable direction can be beneficial to both public institutions and the society to which they belong.

• 한국정보시스템학회지:정보시스템연구
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• 제29권1호
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• pp.137-158
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• 2020

Purpose This study aims to analyze how entrepreneurs' morality affects entrepreneurship and social responsibility. The purpose of this study is to analyze the differences of entrepreneurship and social responsibility on corporate financial performance and social performance by measuring entrepreneurial morality index. Design/methodology/approach The research model is based on the existing literature related to morality, entrepreneurship, social responsibility, and corporate performance. In order to verify the research model, empirical analysis was conducted. The collected data were analyzed by Smart-pls 2.0 based on the structural equation model based measurement model verification and the structural model verification two - step approach. Using the bootstrapping method of PLS, 500 samples were constructed and hypothesis verification was performed. Findings The results of this study are as follows. In the case of general manufacturing companies, business people are more focused on improving corporate performance than morality, and have a somewhat consistent effect with entrepreneurial spirit that does not have a space of morality. When entrepreneurship is strengthened, financial performance and social performance. Business entrepreneurs in social enterprises are more aware of social responsibility than entrepreneurship, so they achieve both financial performance and social performance at the same time. As a result of this study, it was found that there is a difference in perception depending on the morality of the business people, entrepreneurship, social bookkeeping, and management performance according to the type of company.

• The Journal of Asian Finance, Economics and Business
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• 제8권8호
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• pp.75-83
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• 2021

For many years, many academics and practitioners have paid attention to the increasing popularity of corporate social responsibility (CSR) and its relationship with financial performance. They have shown that creating social and sustainable responsibility can strengthen the organization's financial performance as the organization can achieve its current needs without compromising the ability to meet future needs. While much theoretical and empirical evidence has been provided to support this argument in developed countries, this topic is under-researched, and the outcomes are controversial in developing countries. Therefore, this paper aims to examine and investigate the relationship between corporate social responsibility and financial performance in Vietnamese organizations. The dataset includes 27 firms listed on the stock market exchanges in Ho Chi Minh city (HOSE) and Hanoi (HNX) from 2015 to 2019. The disclosure approach is adopted to measure corporate social activities; four areas were developed: environment, community, employee and product, customer, and supplier practices. Return on average equity (ROE) and return on average assets (ROA) are two proxies for measuring financial performance. The research results confirm the existing literature with a strong correlation between employees and returns on average assets.

• The Journal of Asian Finance, Economics and Business
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• 제8권10호
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• pp.373-383
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• 2021

This article aims to examine the one-way relationship between corporate social responsibility (CSR) and the financial performance of Vietnamese commercial banks, mainly focusing on the moderating role of ownership structure. Net interest margin (NIM), return on assets (ROA), and return on equity (ROE) are selected to represent the financial performance of the bank. CSR was measured using a multi-method approach that included both quantitative and qualitative methods. Corporate Social Responsibility Expenditure (CSRE) was estimated using financial data. The Corporate Social Responsibility Disclosure (CSRD) index was created using the content analysis method. Using a sample of Vietnamese commercial banks from 2012 to 2019 to perform regressions in the dynamic panel models with the two-step system generalized method of moments (GMM) estimator, the results show a positive effect of both CSRE and CSRD on the financial performance of the bank. Empirical evidence shows that the positive relationship between CSRE and financial performance is more robust in statecontrolled banks than non-state-controlled banks. In contrast, the positive impact of CSRD on the financial performance of state-owned commercial banks is weaker than that of private banks. Finally, the paper points out the limitations and proposes future research directions.

• Journal of East Asia Management
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• 제5권1호
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• pp.1-31
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• 2024

Based on the perspective of consumers and the method of value engineering, this paper uses "CSR expectation deviate level" to measure corporate social responsibility, and discusses the influence of corporate social responsibility on financial performance and its action path. This paper collected the questionnaire survey data of 878 consumers and the panel data of 98 listed companies from 2009 to 2012. The empirical results show that: (1) Consumers pay more attention to products and services, charity, environmental protection and their responsibilities to employees, and less attention to their responsibilities to shareholders or creditors and partners; (2) Corporate social responsibility is negatively correlated with financial performance, and corporate marketing ability plays a moderating role in it. That is, the smaller the gap between the level of corporate social responsibility fulfilled by enterprises and consumers' expectations, the better the financial performance of enterprises, which also reminds enterprises that they need to rationally allocate corporate social responsibility resources and constantly cultivate their own marketing capabilities, so as to better meet the level of corporate social responsibility expected by consumers. The value engineering method quantifies consumers' value perception of corporate social responsibility, which has a certain practical guiding role. Of course, there are some limitations in this paper, and future research can further explore the potential impact mechanism.

• 사회복지연구
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• 제47권1호
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• pp.205-232
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• 2016

본 연구는 우리나라 기업의 사회공헌과 재무성과의 관계에 대해 종합적으로 파악해 보는 것을 목적으로 한다. 이를 위하여 고정효과방식(fixed effect method)에 기반한 동적패널모형(dynamic panel model)에 의한 분석을 활용하여 기업사회공헌과 재무성과의 쌍방향적 관계와 자기상관관계를 검증해 보았다. 2008년부터 2013년까지 국내 1,000대 기업의 기업사회공헌과 재무성과에 대한 자료를 구축하면서 6년간 결측치를 갖지 않는 430개 기업을 분석에 활용하였다. 분석에 따른 주요결과는 다음과 같다. 첫째, 이전 시점의 재무성과는 다음 시점의 기업사회공헌에 정적인 방향에서 영향을 미친다. 둘째, 이전 시점의 기업사회공헌은 다음 시점의 재무성과에 영향을 미치지 않는다. 셋째, 이전 시점의 기업사회공헌은 다음 시점의 기업사회공헌에 정적인 방향에서 영향을 미친다. 넷째, 이전 시점의 재무성과는 다음 시점의 재무성과에 정적인 영향을 미친다. 본 연구는 기업사회공헌과 재무성과에 대한 분석을 통하여 이 둘 간의 다양한 관계에 대한 기존 논의와 관련해서 실증적으로 관계의 방향성을 확인할 수 있었다. 특히 주목할 것은 기업은 재무성과가 높아 여유자원을 가질수록 사회공헌에의 투여가 높은 경향성을 갖고, 또한 이전 시점의 사회공헌은 다음 시점의 사회공헌에 정적인 영향을 미치는 경향성이 있다는 것이다. 본 연구는 기존 연구의 제한성을 극복하며 국내 1,000대 기업의 사회공헌과 재무성과의 관계를 종단적으로 검증하며 다양한 관계를 보다 체계적으로 검증한다는 점에서 연구의 의의를 갖는다.

• The Journal of Asian Finance, Economics and Business
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• 제9권1호
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• pp.325-332
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• 2022

The aim of this research is to use a conceptual model to experimentally evaluate the mediating impact of government financial and training support on structural social capital and non-financial performance of family farms. Questionnaires were used to collect data from family farms in Guangxi, China, from August 25^th to September 8^th, 2021. There were 759 valid responses, accounting for 94.99 percent of the total number of respondents. The scales' reliability and validity, and the research's mediating effects and hypotheses, are tested using SPSS 22.0 and AMOS 26.0. The findings suggest that the impact of government financial assistance on family farms' non-financial performance cannot be substantiated. The intermediary chain connection of financial and training support, on the other hand, has a significant mediating effect between structural social capital and family farm non-financial performance. Direct financial assistance could be thought to encourage family farms to rely too much on funding, making them less competitive in market competition, innovation, and long-term operations. According to the conclusions of the study, government assistance to family farms could take a variety of forms, including providing diversified skills training programs in farming practices, managerial skills, and other areas.

• 지식경영연구
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• 제21권2호
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• pp.21-40
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• 2020

Korea Credit Guarantee Fund(KODIT) is a public financial institution under the provision of the Korea Credit Guarantee Fund Act. Facing the waves of change both locally and globally, KODIT will serve as 'social value creator' in making a paradigm shift from a large corporation(Conglomerate-dominated) economy to a social enterprise-oriented one based on social economy. This study focuses on the supporting service programs for social enterprises and job creation how it affects the performance of social value creation of KODIT. There is currently no detailed research of the social value in terms of the business and management academic agenda. Therefore, the present study describes the importance of social value creation on the policy financial institution. This study conducted in-depth case study for social value performance. As a public policy financial institution, KODIT exert diverse efforts to correct market failure and achieve inclusive growth. For example, KODIT extends credit guarantee services for the liabilities of promising corporations and stimulates financial and non-financial supporting programs for social enterprises. Although the role of social value and social economy has gained business field attention, few investigations have been conducted to explain how social value is achieved. The present study can thus act as the foundation for exploring the social value creation in the circumstances of public financial institution.

• 한국산학기술학회논문지
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• 제15권5호
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• pp.2703-2712
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• 2014

본 연구는 사회적 기업의 장기지향성(long-term orientation)이 기업의 사회적 책임(Corporate Social Responsibility: CSR)활동과 사회적 기업의 경영성과에 영향을 미치는 요인을 분석하는 것이 목적이다. 연구의 목적을 달성하기 위해 사회적 기업, CSR 활동, 장기지향성에 관한 이론적 배경을 바탕으로 연구모형 및 가설을 설정하였다. 본 연구에서 제안된 연구모형은 사회적 기업가 115명을 대상으로 Smart PLS 2.0을 이용하여 구조방정식 모형을 분석하였다. 분석결과, 첫째, 장기지향성은 지역사회의 책임, 환경적 책임, 제품(서비스)의 책임에 정(+)의 영향을 미치는 것으로 나타났다. 둘째, 지역사회의 책임은 재무성과 및 비재무성과에 정(+)의 영향을 미치는 것으로 나타났다. 셋째, 환경적 책임은 비재무성과에 정(+)의 영향을 미치는 것으로 나타났지만, 재무성과에는 유의한 영향을 미치지 않는 것으로 나타났다. 마지막으로, 제품(서비스)의 책임은 재무성과 및 비재무성과에 유의한 영향을 미치지 않는 것으로 나타났다. 본 연구의 결과는 장기지향성과 CSR 활동의 관련성을 검증하고, CSR 활동이 사회적 기업의 성과를 향상시키고, 사회적 기업이 지속적으로 성장할 수 있는 전략적 시사점을 제공할 수 있을 것이다.