비재무적 정보가 기업성과에 미치는 영향 : ESG 점수를 중심으로

This study examines the effect of corporate social responsibility (hereafter, CSR) on firm performance. In order to analyze corporate social responsibility and corporate performance, proxy for CSR is measured using the ESG evaluation model of Korea Corporate Governance Service (KOSGEB) using the environment (4 index), society (10 index) and governance (8 indexes), we used a total of 23 variables to investigate the effect of detailed business strategies on firm value. Tobin's Q for the period and the next is calculated and the effect of the corporate environment, society, and governance on the firm value is analyzed. The Empirical results show that the environmental grade (E) has no effect on the firm value of the current and the next period, but the social value (S) and the governance grade (G) The final ESG total score also show an increase in corporate value for the period and the next. In other words, except for the environmental grade (E), corporate social activities suggest that stakeholders are useful information to enhance corporate value. The results of this study are as follows. First, the results of the empirical analysis are compared with those of the previous studies. There is a contribution in terms of research. Therefore, this study can provide information on the importance and validity of CSR to stakeholders within and outside the firms.