Effect of Firm ESG Disclosure on Corporate Financial Performance and Firm Value

Corporate social responsibilityand sustainability has increasingly emphasized the impact of ESG factors on corporate management in recent years. maximizing financial benefits and creating social value in this context, this study comparatively analyzed the impact of ESG disclosures on Korean logistic companies’ financial performance and market value during 2010-2023. ESG disclosure was measured via Bloomberg's ESG Disclosure Score. The analysis revealed that companies with higher ESG disclosure scores had significantly greaterfinancial outcomes and market value. Furthermore, ESG disclosures had a notable effect on financial performance. Thus, ESG disclosures are a critical element of corporate management. Finally, the varying effects of ESG disclosure on logistics companies highlight the need for country-specific ESG strategies.