동아시아 기업의 ESG 경영이 경영자 변동보상과 고정보상에 미치는 영향: 한국기업을 중심으로 = Impact of Corporate ESG Management on Executive Variable and Fixed Compensation

다국어 초록 (Multilingual Abstract)

This study empirically examines the impact of corporate ESG performance on executive compensation, highlighting the importance of integrating sustainable management practices into compensation structures. Using data from publicly listed companies in Korea, the research specifically investigates how ESG performance influences both fixed and variable compensation of executives. The findings reveal that ESG performance has a significant positive impact on both fixed and variable compensation, suggesting that companies increasingly recognize ESG performance as a critical metric in evaluating executive achievements. The results also indicate that firms are not only considering financial performance but also non-financial factors such as ESG when determining executive compensation. This reflects a broader trend towards sustainable management practices that align with long-term corporate growth and value creation. This research contributes to the understanding of how ESG performance influences executive compensation and highlights the need for companies to adopt compensation frameworks that promote sustainable management. Future research should focus on examining the differences in the impact of ESG performance on executive compensation across various industries and firm sizes. Additionally, exploring the long-term relationship between ESG performance and overall corporate success will be essential in understanding how sustainable practices can enhance a company's long-term competitiveness and growth.