• International Journal of Advanced Culture Technology
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• 제11권3호
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• pp.33-38
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• 2023

This study examined the influence of ESG performance on the firm value of Chinese equipment manufacturing companies over the period from 2011 to 2020. The analysis indicated that while ESG performance exerted a negative influence on firm value, this impact was not statistically significant. These findings substantiate the Institutional Difference Hypothesis (IDH), which posits that country-specfic institutional variations sifnificantly shape the strategic decision-making of organizations. When disaggregating the three components of ESG, variations in the results were observed both for overall ESG performance and for each individual dimension. Of the three dimension elements, the environmental (E) and governance (G) facets had a negative bearing, whereas the social (S) facet had a positive influence. Notably, only the governance dimension (G) demonstrated a statistically significant influence. These outcomes affirm the institutional difference hypothesis, illustrating divergent results across distint ESG dimensions.

• International Journal of Quality Innovation
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• 제8권1호
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• pp.120-136
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• 2007

Author considered the contradiction of Capitalism and its Solution, systemized the concept to newly define Ethics Management and social Responsibility whose various terminologies are used in Domestic and foreign country and compared, analyzed and considered global guideline, standard organization and global Evaluation Model of internationally-performed Ethics Management on the basis of the concept of new Ethics Management.

• 한국기술혁신학회:학술대회논문집
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• 한국기술혁신학회 2004년도 춘계학술대회
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• pp.192-199
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• 2004

최근 기업경영 환경에는 다양한 이해관계자의 등장과 인터넷의 발달에 따른 무책임한 악성루머 정보 유포 가능성의 대두로 객관적 기업평가의 중요성이 더욱 높아지고 있다. 이에 따라 최근에는 다양한 기업평가 방식이 개발 적용되고 있다. 이중 가장 두드러지는 것이 기업의 환경경영 능력과 이를 근간으로 하는 지속가능성 혹은 기업의 사회책임경영의 등장이다. 이 논문은 한전의 지속가능성을 위해 중요한 것으로 여겨지는 기업의 사회책임을 통한 기업평가 방식에 대해 살펴보고, 이 측면에서 한전의 기업가치를 극대화하기 위한 장기 단기 과제를 도출해 보기로 한다.

• 디지털산업정보학회논문지
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• 제9권4호
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• pp.267-279
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• 2013

To many, recent allegations of earnings management at Enron, coupled with similar ones at many other corporations, are a strong indication of a serious decay in business ethics. Nevertheless, the field of Corporate Social Responsibility(CSR) has grown exponentially in the last decade. This study investigates the effects of CSR on earnings management. Different to precedent works which focus on Financial Performance, this study attempts to provide empirical evidence for relevance of CSR and Discretionary Accruals(DA). The study used variables in the sustainability report, and DA for its earning management too progress empirical analysis because it is believed that the measurement of accounting transparency is highly related to the CEO's opportunistic selection of the accounting. In terms of Sustainable management activities, Employee training time(ETT) is significantly and negatively associated with Discretionary accruals(DA). And also Industrial Accidents Ratio(IAR) is significantly and negatively associated with Discretionary accruals. Consequently, empirical results suggest that Discretionary accruals associated with the company's CSR activities, such as ETT, and IAR. In this study, there are limitation of generalizations and omitted variable problem.

• 실천공학교육논문지
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• 제10권2호
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• pp.149-157
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• 2018

중국은 국가의 발전계획 목표를 바탕으로 한 기업의 사회적 책임(CSR) 정책과 평가기준으로 기업의 경영활동을 평가하고 있다. 이러한 평가는 중국 시장에 진출해 있거나 또는 진출을 희망하는 한국 기업들에게 매우 중요한 이슈로서 중국의 CSR 발전과정 및 특징에 대한 이해가 선행되어야 할 것으로 판단된다. 이에, 본 연구는 중국의 정치적 특수성을 기반으로 한 CSR 발전 과정과 동향, 관련 제도 및 기업사례를 분석하였다. 이를 통해 중국사회와 대중이 요구하는 CSR에 대한 이해와 경영전략으로 활용하고자 하는 기업들을 위하여 CSR 이행전략의 제시와 CSR 교육 프레임을 제시하였다.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.903-909
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• 2021

The relationship between corporate social responsibility (CSR) and earnings management is still a debate. Several previous studies showed that CSR is a determinant of earnings management. Meanwhile, others revealed the reverse. Therefore, this study aims to investigate the effect of CSR disclosure on earnings management and the effect of earnings management on CSR disclosure. This study was conducted with mining companies listed on the Indonesia Stock Exchange (IDX) in the 2016-2019 period. The research data was analyzed using multiple linear regression analysis. The data is obtained from financial statements, annual reports, and sustainability reports. The results reveal that there is a positive relationship between CSR disclosure and earnings management. This study also shows that the relationship model of CSR disclosure and earnings management is recursive. This finding implies that CSR disclosure is a tool used by management to cover up unethical actions from stakeholders. These results verify the agency theory and opportunist hypothesis regarding the relationship between CSR and earnings management. The novelty of this study lies in highlighting the recursive model of the relationship between CSR and earnings management.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.539-549
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• 2021

This study aims to examine the relationship between corporate social responsibility (CSR) expenditures and both financial and non-financial performance of Jordanian commercial banks during the period 2008-2018. To measure the variables of interest, secondary data published on Amman Stock Exchange (ASE) website were processed to become preliminary data suitable for the nature of the study. The study sample amounted to 13 commercial banks, which represent all Jordanian commercial banks listed on ASE.. The study found that there is a positive, statistically significant relationship between CSR expenditures and financial performance, as the study showed that the return on equity (ROE) has a positive and significant relationship with CSR expenditure, while the return on assets (ROA) and Tobin's Q model have a statistically significant negative relationship with CSR expenditure, while the market stock price (MSP) had a positive, but not statistically significant. The study also found that there is a positive, statistically significant relationship between CSR expenditures and non-financial performance, which was represented by total deposits and total training expenditures in Jordanian commercial banks. Accordingly, the study recommends encouraging banks to prepare sustainability reports and CSR reports, which are considered comprehensive, and not only with disclosures within the annual reports.

• 융합경영연구
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• 제11권1호
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• pp.31-44
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• 2023

Purpose: This study aims to figure out the characteristics of corporate life cycle and resource input in terms of the sustainability diagnosis of pharmaceutical companies in Korea. Research design, data, and methodology: Using the Gompertz model under the assumption that companies have finite resources, this study tries quantitative interpretation of life cycle and resource input pattern for longevity companies with 25 years of experience among 158 pharmaceutical companies listed on Korean stock market based on maturity of revenue. Results: The study found revenue maturity through Gompertz model was statistically correlated with enterprise value. According to the life cycle analysis, more than 95% of 59 pharmaceutical companies were in the growth and maturity phase and have an average life cycle of 88 years and an average remaining life of 52 years. Regarding maturity profile of resource input, maturity of employees was generally high more than 60% and this meant there was jobless growth in Korean pharmaceutical industry. Conclusion: This study demonstrated there is a high statistical correlation between the maturity of a company's resource input and its revenue and enterprise value. It is believed that these results could be utilized as a basis for high fidelity function that predict revenue and enterprise value based on resource input information.

• 디지털산업정보학회논문지
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• 제19권4호
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• pp.179-192
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• 2023

ESG is the hottest topic in recent business management or business administration. In particular, with the release of the IPCC's 6th comprehensive report in 2023, environmental issues have been further raised around the world, and ESG management for sustainable and permanent companies is accelerating by improving social and governance structures, including the environment, and thereby enhancing corporate value. This case study is analyzed based on the theory of sustainable growth, creating shared value, and corporate social responsibility. This study focuses on the case of Samsung Biologics, which is pursuing sustainable growth and management through ESG management. Samsung Biologics is the first Korean company to win the "Terra Carta Seal" award, part of a sustainable market initiative to respond to climate change, and externally, it has acquired the Dow Jones Sustainability Index, acquired the KCGS ESG comprehensive evaluation A grade, acquired the CDP B grade, and acquired the EcoVadis Gold grade. It has joined the Sustainable Market Initiative launched by King Charles III since the World Economic Forum in 2020 to chair the Supply Chain. It has joined RE100, TCFD, and UN Global Compact to lead sustainable management through ESG activities. Therefore, we would like to take a practical approach to ESG management strategies for sustainable growth through the example of this company.

• 한국콘텐츠학회논문지
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• 제20권7호
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• pp.379-391
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• 2020

한국사회를 주도해온 성장주의 패러다임이 이제 임계점에 도달하였다. 기업에게 개별적인 경쟁을 통한 성과 창출에 열중하기 보다는 공공성의 가치를 둔 상생과 연대적인 성장의 요구가 높아지고 있다. 이러한 배경에서 기업 공공성의 개념과 구성요인에 대해 살펴보고자 한다. 그리고 기업의 공공성이 기업의 사회적 책임에 영향을 미치고, 소비자들의 호감도와 신뢰도에 영향을 미치는 변수라는 인과관계를 검증을 통해서 공공성이 기업운영에 실체적인 경쟁력이자 지속가능성을 위한 중요한 핵심 경영 활동으로 인식될 가능성의 탐색 차원에서 연구를 진행하고자 한다. 연구결과 기업 공공성은 진정성, 능동성, 공익성, 화합성, 공동체성의 5가지 차원으로 구성되는 것을 확인하였다. 그리고 기업의 공공성이 기업의 사회적 책임 평가 전반에 있어서 유의미한 영향을 미친다는 인과관계를 통계적으로 검증하였다. 마지막으로 기업의 공공성과 기업의 사회적 책임 활동이 기업브랜드의 태도에 미치는 영향에 있어서도 전반적으로 긍정적인 영향을 미치는 것으로 확인되었다. 이러한 결과를 바탕으로 기업이 탁월한 성과를 지속적으로 창출하기 위해서의 공공성 강화와 그에 따른 실천적 행위를 강조하는 함의를 도출하였다.