기업의 ESG등급이 회복탄력성에 미치는 영향 : KOSPI상장 제조업종중심으로

This study focused on the importance of strengthening corporate resilience due to increased uncertainty in the global economy after the COVID-19 pandemic. While ESG management, consisting of environmental (E), social (S), and management transparency (G), has emerged as a new standard for companies, the study analyzed the impact of ESG ratings on corporate resilience in the face of rising interest rates. To measure resilience, sales growth was used by comparing the third quarter of 2021 and the third quarter of 2022, and an empirical analysis was conducted on 455 KOSPI-listed manufacturers that were given ESG ratings by the Korea ESG Standards Institute (KCGS). As a result of the study, it was found that the environmental (E) side had a positive (+) effect on the sales growth rate, and the social (S) side had a negative (-) effect. However, no significant relationship was found between the integration side and the governance side. The results of this study show that ESG management activities, especially performance in the environment, can contribute to improving a company's ability to overcome crisis in an economic environment when uncertainty increases. This study can be seen as an academic contribution of the study in that it statistically analyzes the effect of ESG management performance on corporate resilience.