ESG 공시 성과가 내부회계관리제도의 취약점에 미치는 영향

This study empirically examines the effect of ESG (environmental, social, and governance) disclosure performance on weaknesses in Internal Control over Financial Reporting (ICFR). As ESG has become a core strategy for corporate sustainability, many firms are integrating ESG factors into their management decisions. Effective ESG disclosure enhances transparency, improves the accuracy of financial reporting, and strengthens investor trust. ICFR plays a vital role in supporting these objectives by ensuring the reliability of financial data. While prior research has largely focused on the impact of ESG performance on firm value or financial results, limited attention has been paid to the relationship between ESG disclosure performance and weaknesses in ICFR. To fill this gap, this study analyzes firms listed on the KOSPI and KOSDAQ markets between 2013 and 2021 using logistic regression. The empirical results show that firms with higher ESG disclosure performance are significantly less likely to report ICFR weaknesses. This suggests that strong ESG disclosure is associated with more effective internal control environments. The findings provide practical and policy implications by demonstrating how enhanced ESG disclosure can reinforce internal control systems and promote greater corporate transparency. In particular, the results indicate that improving ESG disclosure not only signals ethical and sustainable management practices but also contributes to financial reporting integrity and long-term corporate stability.