EXAMINING FIRMS’ ESG GRADES DETERMINANTS THROUGH FINANCIAL AND NON-FINANCIAL CHARACTERISTICS DURING COVID-19 IN KOREA*
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Song, Min Kyung | - |
dc.contributor.author | Kim, Chungah | - |
dc.contributor.author | Kim, Sang Hyuck | - |
dc.date.accessioned | 2024-05-02T06:00:18Z | - |
dc.date.available | 2024-05-02T06:00:18Z | - |
dc.date.issued | 2024-03 | - |
dc.identifier.issn | 0254-8372 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/gachon/handle/2020.sw.gachon/91077 | - |
dc.description.abstract | This study employs Ordinary Least Squares (OLS) and quantile regression analyses to examine the determinants of Environmental, Social, and Governance (ESG) grades based on financial and non-financial characteristics of Korean companies amidst the global economic recession triggered by the COVID-19 pandemic. We investigate whether different determinants exist for varying levels of ESG grades (lower, middle, and higher groups). Analyzing cross-sectional data from 660 Korean companies, we find that both financial and non-financial characteristics significantly impacted ESG grades during the pandemic. Key determinants include firm value, size, and cash liquidity in financial characteristics, while firm age and industry type are vital non-financial determinants. Furthermore, the results highlight distinctions among ESG sub-dimensions, revealing that financial attributes predominantly influence environmental grades, whereas both financial and non-financial aspects shape social and governance grades. The findings elucidate ESG grade determinants and their differential relationships with various company characteristics during the challenging COVID-19 period in Korea. © (2023), (Economic Research Institute of Chung-Ang University). All Rights Reserved. | - |
dc.format.extent | 26 | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | Economic Research Institute of Chung-Ang University | - |
dc.title | EXAMINING FIRMS’ ESG GRADES DETERMINANTS THROUGH FINANCIAL AND NON-FINANCIAL CHARACTERISTICS DURING COVID-19 IN KOREA* | - |
dc.type | Article | - |
dc.identifier.doi | 10.35866/caujed.2024.49.1.007 | - |
dc.identifier.bibliographicCitation | Journal of Economic Development, v.49, no.1, pp 125 - 150 | - |
dc.identifier.kciid | ART003064474 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.scopusid | 2-s2.0-85190270434 | - |
dc.citation.endPage | 150 | - |
dc.citation.startPage | 125 | - |
dc.citation.title | Journal of Economic Development | - |
dc.citation.volume | 49 | - |
dc.citation.number | 1 | - |
dc.type.docType | Article | - |
dc.publisher.location | 대한민국 | - |
dc.subject.keywordAuthor | COVID-19 Pandemic | - |
dc.subject.keywordAuthor | Economic Recession | - |
dc.subject.keywordAuthor | ESG grades | - |
dc.subject.keywordAuthor | Financial Characteristics | - |
dc.subject.keywordAuthor | Korean Firms | - |
dc.subject.keywordAuthor | Non-Financial Characteristics | - |
dc.description.journalRegisteredClass | scopus | - |
dc.description.journalRegisteredClass | kci | - |
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