• Asia Marketing Journal
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• 제25권4호
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• pp.207-218
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• 2024

Considering the rising interest in environmental, social, and governance (ESG) globally, various studies have shown that ESG practice increases firm value; however, there is still much debate. This study focuses on the relationship between ESG practice and firm value. Further, we identify the mechanisms constituting this relationship to address relevant research gaps. Specifically, this study examines the connection between ESG practice and corporate valuation, emphasizing the mediating role of a company's reputation. Using panel analysis of data from 145 Korean firms (2014-2021), the study reveals that ESG practices notably enhance firm value, signaling their significance to stakeholders. Corporate reputation acts as a bridge between ESG efforts and value, with corporate reputation's influence varying across industries. This research presents broad implications for both academic and industrial fields, highlighting the strategic importance of ESG in enhancing firm value.

• 벤처창업연구
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• 제10권3호
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• pp.27-38
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• 2015

최근 기업의 사회적 책임은 지속 가능한 경영 및 긍정적인 기업신뢰의 형성을 위해 필수적인 기업 활동이 되었다. 그러나 CSR 활동이 기업 수준에서 기업성과에 미치는 연구는 많이 이루어졌으나, 산업별 전략적 접근은 부족하다. 본 연구의 목적은 금융기관의 CSR과 기업명성이 충성도에 미치는 영향에 대해 분석하고자 한다. 본 연구의 내용은 CSR 활동, 기업명성과 충성도와의 관계를 경험적으로 분석하고, CSR 활동, 기업명성과 충성도의 관계에 있어 기업신뢰의 매개효과를 파악하고자 한다. 분석방법은 설문지를 배포하여 SPSS 통계 프로그램을 사용하여 분석하였으며, 그 결과는 다음과 같다. 분석결과 소비자보호책임, 경제적 책임, 기업 경영능력이 기업신뢰에 정적인 영향을 미치는 것으로 나타났다. 둘째, 매개효과를 검증하기 위해 3단계 회귀방정식과 Sobel-Test을 사용한 결과 기업신뢰의 매개효과가 규명되었다. 연구결과 CSR과 기업명성의 유형에 따라 기업에 미치는 영향이 다르다는 것을 확인하였다. 이러한 결과는 기업이 사회적 책임을 수행할 때 산업별 전략적 접근이 필요함을 알 수 있다.

• 유통과학연구
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• 제10권8호
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• pp.15-23
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• 2012

This study is an attempt to explore the nature and characteristics of strategic impact of green strategy by environmental capital, corporate reputation, and technology strengths on the firm's performance across countries. The main question addressed in this paper relates to how corporate sustainability, corporate reputation, technology strength, and capabilities influence the firm's economic performance with respect to diverse dimensions of performance measures including sustained growth through the leading firms across countries in the United States, Canada, Europe, and Asia-Pacific countries. Particularly, this study attempts to empirically explore the directions and magnitudes of the operational links between new emerging strategic core competencies (e.g., sustainability green strategy by environmental focus for more sustainable path, corporate reputation by corporate social responsibility and image enhancement, and technology strengths to develop a new product and market) and the firm's economic performance with respect to diverse dimensions of performance such as accounting (ROE and EOA) - and market-based performance (Market value and Tobin's q). Considering all possible limitations that might exist with regard to selected samples and methods, this study demonstrates that environmental sustainability, corporate reputation, technological capabilities and competencies through R&D intensity and patent are most likely to be significantly associated with most market-based performance measures, but the strategic significance of other variables such as capital intensity, leverage, and administrative cost efficiency on performance tends to be different depending on which performance measure is used across different countries with diverse economic and business contexts.

• 중소기업연구
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• 제40권1호
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• pp.67-83
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• 2018

본 연구는 조직 평판의 역동적인 특성인 추세와 변동성이 조직의 성과에 어떤 영향을 미치는지 규명하고자 한다. 조직의 평판은 그 조직의 제품/서비스의 질에 대한 판단을 돕는 신호를 제공하므로, 잠재적 파트너들은 조직 평판의 여러 특성을 중요하게 고려한다. 본 연구는 조직 평판의 수준뿐만 아니라 추세 또한 성과에 긍정적인 영향을 미치며, 변동성은 간접적으로 평판의 수준과 추세의 성과에 대한 효과를 조절한다는 것을 미국 벤처캐피털 회사들을 대상으로 한 실증연구를 통해 밝혔다. 본 논문에서는 이러한 결과가 어떻게 학문적으로 기여하고 실무적인 시사점을 제시하는지에 관하여 논의하였다.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.171-182
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• 2020

This research focuses on the importance of corporate social responsibility in building the company's reputation. Experts have studied CSR as an antecedent of a company's reputation, but the mechanisms underlying this process are rarely explored. Therefore, to fill this research gap, we demonstrate CSR's implementation combined with organizational justice based on discrepancy and equity theory. This study involved 210 employees in a family company. The study's analysis method uses Structural Equation Model (SEM), SmartPLS, with a five-step measurement and analysis procedure. The variables in this study are CSR implementation, organizational justice, employee trust, firm reputation, organizational objectiveness, organizational commitment, job satisfaction, and job performance. The results found that some of the direct relationships stated were not significant, but all demonstrations of indirect links were substantial. Besides, optimal CSR and organizational justice provide a reliable and positive domino effect in increasing the role and consequences of employee trust and firm reputation. The findings in this study confirm that upstream-downstream job performance causality can be successfully achieved if job satisfaction has been realized, job satisfaction can be achieved if organizational commitment can also be recognized, and organizational commitment can be developed. Reflection and influence, rather than organizational attractiveness becomes essential.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.455-463
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• 2021

The purpose of this study is to identify the relationship between firm's green marketing approach and firm's reputation improvement among customers. To investigate the object of the current study and provides adequate material to fill a gap in the literature, the current author collected abundant textual data from numerous extant literature. Because the author needed to augment about reliability and validity, textual data from trusted peer-reviewed sources was obtained from numerous databases. Based on a large body of literature, this study suggests that companies have to declare their stand based on their positioning to safeguard their reputation as an entity and that of its products and services. The five components of a company adopting a recognized environmental marketing strategy include product strategy, demand strategy, pricing strategy, distribution strategy, and labeling strategy Thus, firms' environmental marketing strategies have to be designed with the complete intent of transformation as a solution to enhance their reputation. The current study concludes that the comparison of environmental marketing strategies does not correctly help in ranking the concern in an effective way, and describe the exact details needed in each of the five categories for a company to carry its operations in a sustainable fashion.

• 아태비즈니스연구
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• 제12권4호
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• pp.87-105
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• 2021

Purpose - The purpose of this study was to explores how CEO general human capital, one of the most critical issues in recent research, affects compensation schemes. Design/methodology/approach - This study collected the CEOs of S&P500 companies from 2001 to 2009 and contains 4,155 CEO-firm-year observations and 704 different CEOs. Findings - First, only contingent bonus is affected by general human capital and reputation. Second, the career concerns of CEOs are relevant, especially when explaining CEO tenure. Third, we offer an alternative view of what determines the level of cash compensation schemes and the factors that affect the running of a firm. Fourth, we also suggest that the increase in general human capital can be explained by the increase in its relative importance in managing a modern firm. Overall, the results of this study do not only contribute to academics but also important to boards and shareholders. Research implications or Originality - This study intends to fill the gap in the extant literature by examining the relationship between general human capital and compensation schemes.First, we add to the compensation literature by arguing that a cash compensation scheme is efficient for generalist CEOs. We break down CEO cash compensation schemes into fixed and contingent bonus compensation and investigate whether general human capital differentially affects CEO cash compensation schemes, and thus, the sensitivity to unequal pay for human capital. Second, we contribute to the reputation literature by arguing that CEO perceived reputation also affects CEO compensation schemes.

• The Journal of Asian Finance, Economics and Business
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• 제6권1호
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• pp.231-240
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• 2019

The paper aims to investigate the relationship between firm size and organizational actions on adopting social media for corporate reputation management. The sample group of 198 companies is selected with a simple random sample method from the New York Stock Exchange (NYSE) listings: Sixty nine companies were from the Fortune 500 listings, seventy one companies from the NYSE midsize capitalization and fifty eight companies from the NYSE small capitalization listings. This study employs cross tabulations and Chi-square analysis, and the Kruskal-Wallis that enables the comparison of three samples that are independent. The results of the study show that (1) large firms have more social media ownership than small firms, (2) large firms respond to social media posts at a greater frequency and quickly than small firms, and (3) firm size is less likely associated with response styles to social media for online reputation management. The results show that reply time and response styles of organizations to social media customers in the 2015 survey has no significant change compared to that of 2011. There appears to be a pervasive lack strategic framework as most firms in the study were found not to be adequately monitoring or leveraging social media communication for their reputation management.

• 디지털융복합연구
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• 제10권2호
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• pp.133-140
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• 2012

본 연구는 기업의 윤리경영이 기업성과에 영향을 주고 있는지를 논리적으로 규명하고 이를 실증적으로 분석하였다. 윤리경영의 측정은 2004년부터 2009년까지 6년간 한국경제정의 연구소에서 발표된 윤리경영지수(KEJI지수)가 측정된 기업을 대상으로 분석하였다. 분석결과 첫째, 윤리경영은 기업성과인 ROA에 정(+)의 영향을 미치는 것으로 나타났는데 이는 윤리경영을 더 잘 수행하는 기업들이 더 좋은 경제적 성과를 거둔다는 기존연구결과를 지지하는 결과이다. 둘째, 윤리경영이 기업성과에 미치는 영향에 있어 기업 지배구조의 조절효과를 확인하였다. 이러한 연구결과를 통해 학문적으로는 윤리경영을 통한 명성효과(reputation effect)와 다시 이것이 기업성과에 영향을 주는 새로운 이론적 관점을 시사하고 있다고 볼 수 있을 것이다. 또한 실무적으로는 윤리경영을 강화하는 사회적 흐름에 대하여 비단, 사회적 활동만을 강화하는 것만이 아니라 그 배경의 윤리경영에 대한 중요성과 영향력을 인식하여 기업성과를 높이기 위해서는 윤리경영에 맞는 변화가 선행되어야 하는 점을 시사하고 있다.

• 한국콘텐츠학회논문지
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• 제6권11호
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• pp.25-37
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• 2006

본 연구는 온라인 환경에서 최근 문제점으로 제시되고 있는 고객의 프라이버시 침해에 대한 염려와 관련하여 온라인 쇼핑몰 업체들이 어떠한 노력을 기울여야 하는지에 관한 연구다. 관련 선행연구를 바탕으로, 본 연구는 프라이버시 염려에 영향을 미치는 원인변수로 온라인 쇼핑몰에 대한 직접마케팅 태도, 정보통제 욕구, 정보노출에 대한 부정적 결과예측을 도출하였으며, 결과변수로는 기업명성과 구매경험을 도출하였다. 분석결과, 온라인 쇼핑에서 직접마케팅에 대한 긍정적 태도는 프라이버시 염려에 부(-)의 영향을 미치는 반면, 정보통제 욕구 및 정보노출에 대한 부정적 결과예측은 프라이버시 염려에 정(+)의 영향을 미치는 것으로 분석되었다. 또한 기업명성과 구매경험이 프라이버시 염려의 중요한 결과변수인 것으로 검증되었는데, 특히 프라이버시 염려는 기업명성에 부(-)의 영향을 미치는 것으로 나타났다. 따라서 본 연구는 온라인 쇼핑몰 업체가 고객의 프라이버시 염려를 감소시키기 위해서는 직접마케팅에 대한 태도 등 원인변수에 대한 관리와 더불어 결과변수인 기업명성에 대한 관리가 고객의 반복적 구매경험에 중요한 요인임을 제시하고 있다.