기업의 사회적 책임활동이 이익조정과 기업가치에 미치는 영향에 관한 실증적 연구 -한국과 중국상장 기업을 중심으로-

This study analyzed the effect of corporate social responsibility activities on entrepreneurship values. In other words, the Commission analyzed whether information of companies carrying out social responsibility activities was divided into Korean listed companies and Chinese listed companies while verifying whether they increased their corporate value in the capital market. In order to achieve the research objective, the ESG (RKS) evaluation score of the Korea Corporate Governance Service (ESG) was analyzed as a measurement variable (proxy), a more objective measurement of a company's social responsibility activities. The analysis results of the study are as follows. First, the social responsibility activities of an enterprise in general showed a significant amount of relevance to its value. This means that companies performing active corporate social responsibilities are reflected as important information in the capital market. Second, the level of corporate social responsibility activities and their relevance to corporate values were different depending on their characteristics. Kospi companies showed that the more they performed their social responsibility activities, the more likely they were to increase their corporate value, but the less they were for Kosdaq companies. Third, the level of corporate social responsibility activities and their relevance to corporate values were also shown in different countries. The results of this study show that corporate social responsibility is reflected as a positive determinant of entrepreneurship value. Thus, it is suggested that in the future, companies need to be more active in carrying out their social responsibility activities in the capital market.