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- Title
RAZÃO DE CHANCES PARA ADOÇÃO DO ÍNDICE DE SUSTENTABILIDADE EMPRESARIAL DETERMINADO PELO DESEMPENHO ECONÔMICO-FINANCEIRO E GOVERNANÇA CORPORATIVA.
- Authors
Alves Correia, José Jonas; Marques dos Anjos, Luiz Carlos; Góis de Oliveira Macedo, Marcos Roberto
- Abstract
Objective: This study aims to analyze the chances of economic-financial performance and corporate governance determining adherence to the Corporate Sustainability Index (ISE). Background: The stock market has several indices in order to offer its investors new investments options. These indices show the performance of the capital markets and the behavior of the prices of the shares listed by them. In this way, investors look for companies that present organizational sustainability policies, transparency principles and good corporate governance. Corporate sustainability indexes meet this specific demand, including social, environmental and corporate governance dimensions. Method: The study is descriptive and eminently quantitative. To analyze the data, logistic regression with panel data (unbalanced) was used, using the Stata 15.0 software. Results: The results show that companies with good return and profitability indicators, size, audited by the Big Four, and with a concentration of indebtedness are more likely to participate in the ISE portfolio when compared to other eligible companies. The level of corporate governance was not statistically significant. Contributions: The research becomes relevant and contributory, mainly due to the way the analysis is carried out. Unlike other surveys that compare variables from companies in the ISE portfolio with other companies listed in [B]3, this study focuses only on companies eligible for ISE, that is, companies that may have a differential just because signal their eligibility to the index.
- Subjects
CORPORATE sustainability; CORPORATE governance; INVESTORS; PANEL analysis; CAPITAL market; AUDITING; SUSTAINABLE development reporting
- Publication
Revista Evidenciação Contábil & Finanças, 2022, Vol 10, Issue 3, p24
- ISSN
2318-1001
- Publication type
Article
- DOI
10.22478/ufpb.2318-1001.2022v10n3.58114