지배구조에 따른 기업의 사회적책임과 기업성과

This paper examines the relationship between corporate governance structure(CGS), corporate social responsibility(CSR), and firm performance at the korean firm levels. This paper tests whether CGS influences the CSR and its potential impact on firm performance. I perform the factor analysis to measure CGS and CSR variable to use the path model. I find five factors for CGS-audit function, shareholder protection, management, information system, and board of directors-and five factors for CSR-legal, labor and management, ethical, community service, and environment responsibility. I perform the path analysis to test hypotheses of this paper and find the result as follows. First, the result provides the evidence about that efficient audit function and sound information system induce active CSR. Second, the result provides support for the positive influence of CSR on corporate reputation and its performance. Third, the finding suggests that the relationship between audit function and voluntary social responsibility is stronger for firm with higher degree of institutional investor equity rate. This study would provide the opportunity to lay emphasis on CGS's importance and implementation for CSR and sustainable corporate development.