중소ㆍ중견기업의 사회책임경영의 도입 및 실행에 대한 실증분석

This study investigates the current status of corporate social responsibility (CSR) management adoption as well as implementation of Small and Medium-sized Enterprises (SMEs) in Korea. First, we categorized listed firms on KOSPI into the medium-sized firms, small-sized firms, and others which include the large firms, firms belong to the large conglomerates, holding companies, and financial service firms. With the categorized firm samples, we compare both the environmental, social and governance (ESG) score and practices of three company groups. As a result, large firms have at large better ESG scores and performance than SMEs performance scores. However, in the areas of the convenience in exercising the shareholders rights and the dividend in the corporate governance, there is no statistically significant difference between large firms and SMEs. Thus, the conventional proposition size matters in CSR management adoption and implementation' is empirically examined and accepted in the Korean industry context. Further, we examine ESG performance employing the acceptance ratio which can explain how many measures follow the hypothesis to understand the overall similarity between company groups. This study finds that the acceptance ratio in comparing the ESG performance between large firms and SMEs is in minimum 67% in the environmental management and in maximum 89% in the corporate governance. In addition, in comparing between medium-sized and small firms, the ratio records in maximum 67% in the socially responsible management and in minimum 33% in the environmental management.