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Do firms with high environment, social, and governance create more jobs?
- Jung, Hanna;
- Cho, Joonmo
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0초록
This study analyzes the effect of firms’ ESG engagement on employment using Korean ESG evaluation data and unemployment insurance administration databases. Using a system GMM model to address reverse causality, the analysis finds that ESG scores are negatively associated with employment. However, this effect is mitigated in high-performing firms, where the interaction between ESG and firm performance shows a positive impact on employment. These results suggest that the employment effects of ESG depend on a firm’s financial capacity and strategic alignment within human resource management. © 2025 City University of Hong Kong and National Taiwan University.
키워드
Environment, social, and governance (ESG); firm performance; human resource management; job creation; resource allocation; RESPONSIBILITY; PERFORMANCE; MANAGEMENT; STRATEGY; IMPACT
- 제목
- Do firms with high environment, social, and governance create more jobs?
- 저자
- Jung, Hanna; Cho, Joonmo
- 발행일
- 2025-06
- 유형
- Article; Early Access