• 한국벤처창업학회:학술대회논문집
• /
• 2022.04a
• /
• pp.117-122
• /
• 2022

최근 국내외 ESG 연구가 활발해지고 있는 가운데, ESG 연구는 급격한 양적 성장을 하고 있음에도 학술지의 질적 수준을 평가할 수 있는 계량적인 논문은 부족한 상태이다. 본 연구는 한국학술지인용색인(KCI)에서 경영학 분야 내의 KCI 인용지수를 활용하여 상위 10개의 학회를 선정하고 이들 간의 ESG 논문 인용빈도와 네트워크 분석을 하였다. 상호 인용빈도를 활용하여 연결망을 작성하고 네트워크 분석 관점에서 ESG 주제에 관한 각 학술지 간 상호인용빈도를 통해 주어진 학술지의 영향력지수(Impact Factor)와 중심성 지수를 기초하여 연구하였다. 이러한 연구를 바탕으로 학술지들이 핵심 문헌을 식별하고 학문 내 지적 구조를 규명하여 경영학 분야의 ESG 연구 동향을 파악하고자 한다. 본 연구는 국내 발간된 경영학 학술지의 ESG에 대한 학술지의 영향력 인용지수를 비교해 보고 나아가 경영학 학술지의 자기 인용 비율을 확인하고 경영학뿐만 아니라 타 학문 분야에서 경영학 관련 학술지에 대한 인용이 이루어질 수 있도록 다학제적 교류와 추가 연구의 필요성을 제기하고자 한다.

• The Journal of the Convergence on Culture Technology
• /
• v.9 no.3
• /
• pp.19-26
• /
• 2023

The impact of environmental, social and governance (ESG) performance on investors' decision-making is growing. Investors' focus on the financial performance of firms in the past is expanding to the non-financial performance of the interests of stakeholders surrounding firms. Against this backdrop, this study conducted a panel regression analysis on firms evaluated by Korea Corporate Governance Service to analyze the impact of ESG performance, a firm's non-financial performance, on firm risk. According to the analysis, ESG performance has a negative (-) effect on all three firm risks (systematic risk, unsystematic risk, and total risk), indicating that the stakeholder theory and risk management theory are supported. The implications of this study are: First, ESG reduces not only unsystematic risk but also broad and indiscriminate systematic risk; Second, investors can reduce the risk of their investment portfolio by executing ESG investments; Third, companies can achieve stable financial performance even in adverse circumstances by utilizing the insurance function of ESG management; Lastly, the government can enhance the stability of the financial market while improving the financial soundness of firms through reasonable ESG-related regulations.

• Knowledge Management Research
• /
• v.24 no.3
• /
• pp.53-71
• /
• 2023

Environmental, Social, and Governance (ESG) refers to factors that are important for assessing a firm's social and environmental effect, as well as its governance standards. This paper investigates the relationship between ESG-based corporate governance and SDGs strategy implementation by discussing about incorporating ESG issues into corporate operations. It digs into the advantages and disadvantages of aligning corporate governance with the SDGs, demonstrating the potential for delivering long-term value for both firms and society as a whole. In this paper, we investigate ESG-Based Knowledge Management (ESG-KM), a knowledge management system that incorporates sustainability principles. More specifically, the paper investigates how the synergy between ESG-KM and ESG-Based Corporate Governance (ESG-CG) might influence firms' long-term value creation, stakeholder involvement, and sustainable decision-making. Finally, this paper investigates how public organizations might use knowledge management to improve the implementation and effect of ESG-CG principles, resulting in better sustainable outcomes. Public enterprises may support responsible decision-making, increase stakeholder involvement, and achieve long-term performance by linking ESG principles with corporate governance standards. The paper then explores how ESG-KM might help public firms integrate these concepts into their governance structures. The scientific novelty of this paper resides in its thorough investigation, realistic implementation methodologies, and novel combination of ESG principles, corporate governance, and knowledge management. Furthermore, by providing actionable insights and emphasizing the application of these concepts in the context of public enterprises, the paper makes a valuable contribution to the field of management, propelling the discourse on responsible and sustainable business practices in both the private and public sectors.

• Journal of the Korea Society of Computer and Information
• /
• v.29 no.9
• /
• pp.25-37
• /
• 2024

This study proposes a novel automation system that integrates Optical Character Recognition (OCR) and Retrieval-Augmented Generation (RAG) technologies to enhance the efficiency of the ESG (Environmental, Social, and Governance) document review process. The proposed system improves text recognition accuracy by applying an ensemble model-based image preprocessing algorithm and hybrid information extraction models in the OCR process. Additionally, the RAG pipeline optimizes information retrieval and answer generation reliability through the implementation of layout analysis algorithms, re-ranking algorithms, and ensemble retrievers. The system's performance was evaluated using certificate images from online portals and corporate internal regulations obtained from various sources, such as the company's websites. The results demonstrated an accuracy of 93.8% for certification reviews and 92.2% for company regulations reviews, indicating that the proposed system effectively supports human evaluators in the ESG assessment process.

• Proceedings of the Korean Society of Computer Information Conference
• /
• 2022.01a
• /
• pp.215-216
• /
• 2022

본 논문에서는 대학의 지속 가능 경영을 위한 ESG 지수 측정 도구를 제안한다. ESG는 기업의 가치를 평가하고 투자 의사를 결정하는 중요한 요소로 자리매김하고 있다. 그러나 대학의 ESG 경영에 대한 연구는 현재까지 매우 부족한 상황이다. 이에 본 논문에서는 대학의 지속 가능 경영을 위한 ESG 지수 측정 도구를 개발하고 샘플 데이터를 이용한 활용 예시를 제안하였다.

• Journal of Navigation and Port Research
• /
• v.48 no.1
• /
• pp.55-61
• /
• 2024

Environmental, Social, and Governance (ESG) management may be one of the recent hot topics in corporate management. The purpose of this paper was to study the level of ESG activities of shipping companies. The shipping industry is known to have low transparency and low favorability (Yun, 2022). This study determined whether ESG activities of shipping companies known to the public or studied qualitatively were consistent with objective facts through quantitative analysis. Analysis was conducted on 8,009 firm-year KOSP I listed companies from 2010 to 2022 using ESG ratings evaluated and published by KCGS. As a result of the analysis, it was found that shipping companies had a lower level of ESG activities than non-shipping companies. Although many research studies have been done on companies' ESG activities, research on corporate social responsibility activities and ESG activities of domestic shipping companies is limited. This paper is significant in that it is the first study to quantitatively analyze ESG management status of domestic shipping companies. Shipping companies should make efforts to improve their images, improve their business performances, and increase corporate sustainability by taking the lead in proactive ESG activities rather than performing passive ESG activities due to external regulations such as IMO 2020 and IMO 2050.

• Asia-Pacific Journal of Business
• /
• v.13 no.1
• /
• pp.153-166
• /
• 2022

Purpose - ESG(Environmental, Social and Governance) rating is an indicator to predict the sustainable development and long-term value creation of enterprises, which is becoming more and more important. This study divided the ESG rating into each sector(E, S and G) to identify which ESG elements are effective in enhancing enterprise value according to the characteristics of the enterprise, which is different from previous studies. Design/methodology/approach - In this study, Bloomberg ESG Disclosure Score was used to empirically analyze the relationship between ESG ratings and corporate value by taking the listed companies of China's Shanghai Composite Index from 2017 to 2020 as the object. Findings - First, the relationship between ESG ratings and enterprise value shows a statistically significant positive correlation, which supports the results of previous studies. Second, the analysis results from the classification of ownership structure of enterprises (state-owned enterprises and non-state-owned enterprises) show that compared with state-owned enterprises, the ESG ratings of non-state-owned enterprises is more closely related to enterprise value. Third, the analysis of various industries (manufacturing and non-manufacturing) shows that compared with manufacturing, ESG scores of non-manufacturing has a more positive effect on enterprise value. Lastly, the analysis by industry type (heavy-contaminated companies, non-contaminated companies) confirmed that ESG scores of non-contaminated companies has a positive effect on corporate value than heavy-contaminated companies. Research implications or Originality - This study classified ESG evaluation grades(E, S and G) for listed companies in China and analyzed in detail how they affect corporate value according to corporate characteristics, drawing implications for what ESG indicators should be focused on to increase corporate value.

• The Journal of the Convergence on Culture Technology
• /
• v.9 no.3
• /
• pp.75-79
• /
• 2023

ESG management means to thoroughly consider the investor's perspective when evaluating corporate value, and environmental, social, and governance issues are continuous and strategic monitoring issues in identifying risk and opportunity factors related to corporate management activities. In other words, the perspective of value creation is reflected in business relationships. The fundamental purpose of ESG management is continuous business value creation and thorough management of investment risks and business transactions in contractual relationships. It is also a requirement of linked investors. The field that Korean companies are currently experiencing the most is the recognition that 'ESG information collection is necessary and maintenance must be prioritized' in investor IR and global sales and marketing departments, and the primary need for this is emerging. In addition, as the legal affairs office, environmental safety department, and human resources department, which conduct compliance management, carry out related tasks, clarity at the organizational level must precede in order to properly establish an information integration and management system. It covers the scope of securing new market opportunities such as management, disclosure and communication. Therefore, in regard to the newly emerging ESG management and response methods, it is necessary to review and implement it repeatedly so that sustainable exchange profits can be created by simultaneously managing non-financial risks as well as efforts to enhance corporate value for financial returns.

• Journal of the Society of Disaster Information
• /
• v.19 no.4
• /
• pp.826-833
• /
• 2023

Purpose: We suggest the need to utilize ESG in the safety field to prevent serious industrial accidents. Method: The Serious Accident Punishment Act, a strong serious accident prevention system, was reviewed through a review of previous research. And through comparative analysis of serious accident data from the United States and Korea, the main causes of accidents in the domestic chemical industry were derived. Result: It was determined that there was a need to induce voluntary safety management by companies through ESG management along with the Serious Accident Punishment Act, which aims to prevent corporate accidents. Through statistical analysis of accident data, it was confirmed that the scale of damage and number of deaths in domestic accidents was greater than in the United States. The reason was interpreted to be that there are many accidents caused by human causes in the country. Conclusion: In order to compensate for the lack of voluntariness in corporate safety management as well as the Serious Accident Punishment Act and encourage active safety management, the proportion of 'ESG safety evaluation' must be expanded. By using ESG as an indirect social sanction, we can expect companies to voluntarily and actively manage safety and expand safety investments in the safety field.

• Analyses & Alternatives
• /
• v.8 no.2
• /
• pp.87-115
• /
• 2024

This study examines the effect of R&D investment on firm performance and value of Chinese private firms. Through R&D investment, firms aim to acquire knowledge and technological resources to create innovation and competitive advantage, which ultimately enhances firm performance and value. However, unlike other investments, R&D investments are characterized by high adjustment costs and risks, uncertainty and asymmetric information. In addition, the effect of R&D investment on firm performance and value has been shown to be mixed results due to various internal and external contextual factors. Therefore, this study intends to consider how the ESG activities of firms, which have recently attracted attention, act as a contextual factor in the results of R&D investment. This is because interaction with stakeholders through ESG activities is considered to be an important factor in securing competitive advantages and sustainable growth. In this context, this study measures the effect of a firm's R&D investment on its business performance by dividing it into financial performance and value, respectively, and examines the moderating effect of ESG score on the relationship. Based on empirical analysis of all Chinese private firms from 2010 to 2019, the results show that a firm's R&D investment has a negative impact on performance and a positive impact on value. Furthermore, a high ESG score of private firms positively moderates each relationship, emphasizing the importance of ESG activities.