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- Title
Determinantes financieras de la Sustentabilidad Corporativa de Empresas que cotizan en el IPC Sustentable de la BMV.
- Authors
Gavira-Durón, Nora; Martínez Peña, Dolores Guadalupe; Espitia Moreno, Irma Cristina
- Abstract
The objective of the present research is to observe if the following five indicators from companies listed on the Mexican Sustainability Index (IPCS): return on assests (ROA), Quick-ratio (quickr), total assests (tactivos). Earnings Before Interest, Tax, Depreciation, Amortization Margin (ebitdam) and z-score (zaltman) have an impact on: environment index (IA), social responsibility index (IS), corporate governance (IGC) and sustainability index (DSC), through panel data model using least squared, fixed effects in crossed sections and periods using EVIEWS 9. The findings show that tactivos and zaltman were the significative variables, indicating a negative correlation between them and DSC, IA, IS e IGC. The findings suggest that all companies listed should be assessed in the future when more data is available. The limitations of this study are: the small size of the sample and just a single model in consequence the results are inconclusive nevertheless the work is relevant since these variables have not been studied in the Mexican scenario. Another conclusion is that the companies listed have extra costs derived from pertaining to the present index.
- Subjects
SOCIAL responsibility; PANEL analysis; CORPORATE governance; AMORTIZATION; DATA modeling
- Publication
Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas, 2020, Vol 15, Issue 2, p277
- ISSN
1665-5346
- Publication type
Article
- DOI
10.21919/remef.v15i2.485