내부회계관리제도 운영인력의 특성과 ESG등급간의 관계에 대한 연구：기업지배구조를 중심으로

초록

[Purpose]This study examined the relationship between the characteristics of the personnel in charge of operating an Internal Accounting Control System (IACS operation personnel hereafter) and ESG ratings；it empirically investigated how the level of corporate investment in IACS operation personnel relates to ESG ratings. [Methodology]The sample for this study was selected from the firms listed in the KOSPI and the KOSDAQ markets between 2014 and 2019. To measure IACS operation personnel’s characteristics, this study used the size (number of personnel), proficiency (number of personnel’s career months), and expertise (number of certified public accountants among the personnel). To measure ESG ratings, this study used the overall ESG ratings and individual ratings provided by the Korea Corporate Governance Service. [Findings]As a result of logistic regression analysis, this study found significant relationships between IACS operation personnel’s size and both overall ESG ratings and individual ratings, between the number of IACS operation personnel’s career months and the ratings of social responsibility (S) and corporate governance structure (G), and between the number of certified public accountants among IACS operation personnel and both overall ESG ratings and individual ratings. Also, as a result of ordered logit model analysis about corporate governance, most of the results were similar to the results of the main analysis. [Implications]As a leading empirical study that first examined the direct relationship between IACS and ESG, this study provides a significant implication that the proper operation of IACS relates to not only financial information but also non－financial ESG evaluation ratings, providing an empirical reference for information users to make right decisions.

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