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논문 기본 정보

저자정보
(경상대학교)
저널정보
한국인터넷전자상거래학회 인터넷전자상거래연구 인터넷전자상거래연구 제16권 제6호
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피인용 14

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    초록·키워드

    So far, we would be only important elements to assess the economic aspect of the success of companies. Now, if the company is not responsible, it is hard to expect sustainable growth. In this study, we investigate relationship between corporate sustainable management and the cost of equity capital. Non-financial information that indicates sustainable business, it was used to scores(rating) of the ESG evaluation model that provides the Korean corporate governance. The ESG evaluation model consists of integrated sector, social sector, governance, the environment sector. Looking at the results of the study, ESG scores (rating) and in relation to the cost of equity show a negative impact association. Namely, ESG scores (rating) is high, It is a lower cost of equity capital showed empirically. ESG scores (rating) is low companies can be seen that if a higher rating through investments in many sectors such as corporate governance, environmental, and social for lowering the cost of equity of the company. Therefore through this research, the ESG evaluation to assess the value of a company different perspective to analyze by the strengths and weaknesses in the various points of view it will be able to provide incentives to improve the business.

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      UCI(KEPA) : I410-ECN-0101-2017-323-002046270