Social Performance Incentives in Mission-Driven Firms

The authors thank the Center for Social Value Enhancement Studies (CSES) of SK Group for allowing us access to the data; Myung-Eun Jeong and Hyunwoo Hong for providing us with institutional insights and helpful suggestions; Sang Woo Ahn and Natalie Kim for excellent research assistance; and an anonymous associate editor, two anonymous reviewers, Jonghoon Bae, In Gyun Baek, Bok Baik, Clara Chen, Hyunkwon Cho, Jen Choi, Changri Cui, Fei Du (discussant), Kyong Sun Heo, Iny Hwang, Jeong-Hoon Hyun, Gwanhee Kim, Sewon Kwon, Minwook Lee, Woo-Jong Lee, Frank Moers, Tae-Young Paik, David Park, Jee-Eun Shin, conference participants at the 2021 American Accounting Association Management Accounting Section Meeting and the 2020 American Accounting Association Annual Meeting, and brownbag seminar participants at Seoul National University for helpful comments.