재무비율과 ESG 등급의 관계에 관한 연구

The purpose of this study is to determine whether ESG performance is related to financial statement information based on highly reliable financial statement information, and to determine whether there is a difference in ESG rating results depending on the actual performance of the company, that is, financial ratios. It was for the purpose. The research results are as follows. First, the financial ratio indicators such as growth indicator, profitability indicator, safety indicator, and activity indicator showed various negative (-) and positive (+) relationships with ESG, E, S, and G indicators, and were inconsistent and mixed from a significance perspective. The results were derived. Second, as a result of factor analysis of each indicator, the growth and stability factors showed a significant negative (-) relationship with the ESG indicators, and the profitability and activity factors showed a significant positive (+) relationship with the ESG indicators. It was found that there was a relationship of In other words, this can be explained by the fact that indicators with high growth potential and stability in a company have a tendency in the opposite direction to ESG performance indicators, while indicators with high profitability or high activity have high ESG performance indicators. A limitation of this study is that although various financial ratios were derived, a consistent relationship could not be confirmed. However, fortunately, the results of factor analysis of the indicators were meaningful in that generally consistent results were derived.