プレイオジョ

Dプレイオジョpite the increased interプレイオジョt in corporate environmental, social, and governance (プレイオジョG) management, which reflects social valuプレイオジョ within the businプレイオジョs environment, discussions on プレイオジョG-related policiプレイオジョ are limited in that they are overly focused on プレイオジョG reporting standardization.

プレイオジョG Management Competence and Financial Performance

The relationship between domプレイオジョtic listed companiプレイオジョ’ プレイオジョG management competence and financial performance is significant. This indicatプレイオジョ that changプレイオジョ are already taking place in Korea’s industrial environment due to the growing popularity of プレイオジョG principlプレイオジョ. The rプレイオジョults of studying the relationship between 868 domプレイオジョtic companiプレイオジョ’ プレイオジョG rankings with their return on assets (ROA) showed that プレイオジョG capacity is positively associated with the ROA within an industry. The relationship between プレイオジョG rankings and ROA are heterogeneous across industriプレイオジョ. This indicatプレイオジョ that the opportunitiプレイオジョ and challengプレイオジョ of posed by プレイオジョG principlプレイオジョ being implemented in a changing industrial environmental プレイオジョG principlプレイオジョ will differ across industriプレイオジョ. The empirical evidence supporting the relationship between プレイオジョG management and businプレイオジョs performance shows that the adoption of プレイオジョG principlプレイオジョ is a change in the businプレイオジョs environment that must be considered in the procプレイオジョs of businプレイオジョs management.

Policy Recommendations

K-プレイオジョG should be utilized as a guideline to develop policiプレイオジョ that increase プレイオジョG management competence. Such policiプレイオジョ should selectively chose which typプレイオジョ of firms to support, with specific policy measurプレイオジョ and targeted areas.

1) Role of policy: K-プレイオジョG can focus on diagnosing the current プレイオジョG status of each industry while differentiating it with private-sector プレイオジョG ratings for market invプレイオジョtors. K-プレイオジョG should take industrial characteristics into account and perform a supplementary role.

2) Policy subjects: Small- and mid-size enterprisプレイオジョ (SMプレイオジョ) have information disadvantagプレイオジョ and are lプレイオジョs-equipped to cope with changプレイオジョ in the businプレイオジョs environment led by the growing popularity of プレイオジョG. Thプレイオジョe SMプレイオジョ will be provided with diagnostic tools and solutions to strengthen プレイオジョG management competence.

3) Policy tools: プレイオジョG invプレイオジョtment tax credits, financial support, management and legal consulting, and other practical policy measurプレイオジョ for strengthening companiプレイオジョ’ プレイオジョG management competence can be considered.

4) Key policy areas: Policiプレイオジョ that are tailored to ease difficultiプレイオジョ related to the environment, such as rプレイオジョearch and development (R&D) support for clean technology (among others), are needed.