An exploratory study on the impact of ESG on business performance-Focusing on listed companies in Korea and Taiwan.

ABSTRACT: In the context of the ESG era, this study provides an in-depth analysis of the ESG practices of listed companies and their impact on business performance in Korea and Taiwan, two of the Four Little Dragons economies in Asia. Although these two regions are similar in terms of economic size, they show significant differences in their ESG implementation strategies and effects. Based on the Bloomberg database, this study empirically analyzes data from 113 Taiwanese and 113 Korean firms, using Tobin's q ratio as a measure of business performance. The findings show that there is complexity in the association between ESG scores and firms' business performance. In South Korea, government policies and large conglomerates contribute significantly to ESG practices, while in Taiwan, the economic struc

SUBMITTER: Fan S 

PROVIDER: S-EPMC11584088 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature