공공기관의 ESG 활동이 조직성과에 미치는 영향:정치적 통제의 조절효과를 중심으로

This study empirically analyzes the impact of ESG activities on organizational performance in public institutions. Specifically, it investigates the effects of ESG activities on both financial and non-financial performance (public value), with particular attention to the moderating role of political control in public institutions. To achieve this, panel data from state-owned enterprises were compiled covering the most recent four years (2018-2021), and a panel regression analysis was conducted. The findings indicate that ESG activities contribute to the enhancement of both financial performance and public value in public institutions. Among the ESG factors, activities related to the social (S) dimension had a positive impact on both financial and public performance, while governance (G) activities negativity influenced public value. Furthermore, political control over public institutions did not show a significant moderating effect on financial performance, but higher levels of political control were found to negatively affect public value. This study contributes to identifying the positive effects of ESG activities in the public sector and suggests a direction for public institutions pursuing sustainability. Additionally, the study highlights the importance of strategic responses that take political factors into account when public institutions promote ESG initiatives by analyzing the impact of political control on the performance of ESG activities.