한국기업의 가족통제와 ESG경영성과:사회감성적 부(SEW)이론 관점에서 가족통제와 지배가족 경영참여 영향분석

This study analyzed the impact of family control on ESG performance in Korean firms. It was confirmed that family control in Korean companies has a positive impact on governance (G) among E, S, and G. Family-controlled companies have the characteristics of emphasizing relationships and pursuing non-economic values, so it was understood that there is a positive impact on improving governance in management aspects such as the company's organizational culture, board of directors, and long-term goal setting. However, it was found that in family-controlled companies, when the controling family member involve in management, it has a negative impact on ESG performance. It was confirmed that even the effect of family control positively affecting governance (G) disappeared. In family control firms, it was understood that excessive relationship-oriented culture had a negative impact on ESG performance. In other words, it was understood that family members' involvement in management considering only family relations rather than objective abilities and family members' participation in management with different purposes are more likely to cause conflicts of interest such as power struggles or pursuit of private benefits among family members, which negatively affects them.