Abstract
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.
| Original language | English |
|---|---|
| Journal | Asia-Pacific Journal of Accounting and Economics |
| DOIs | |
| State | Accepted/In press - 2025 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 1 No Poverty -
SDG 8 Decent Work and Economic Growth
Keywords
- Environment, social, and governance (ESG)
- firm performance
- human resource management
- job creation
- resource allocation
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