Contents 1
(An) alternative measurement of environmental, social, and governance with textual analysis = 텍스트 분석을 활용한 환경(Environmental), 사회(Social), 지배구조(Governance) 대안적 측정 방법 / Lee, Sangno 1
Abstract 1
Ⅰ. Introduction 2
Ⅱ. Literature Review 3
2.1. ESG and financial performance 3
2.2. Measurement of ESG 5
Ⅲ. Data and Descriptive Statistics 6
3.1. Sample selection 6
3.2. Measurement of ESG with sustainability reports 6
3.3. Systematic and idiosyncratic scores 7
3.4. Two Korea ESG agencies 9
Ⅳ. Empirical Results 10
4.1. Incremental information of ESG in sustainability reports 10
Ⅴ. Conclusion 14
References 15
Appendix A. ESG words 17
[요약] 19