A relação entre desempenho em responsabilidade social corporativa e o risco de fraude em empresas brasileiras abertas

Erica Patrícia Modesto Clementino; Rodrigo de Souza Gonçalves

doi:10.21710/rch.v32i.623

Authors

Erica Patrícia Modesto Clementino Universidade de Brasília
Rodrigo de Souza Gonçalves Universidade de Brasília

DOI:

https://doi.org/10.21710/rch.v32i.623

Keywords:

corporate fraud, , corporate social responsibility, ethic, opportunism

Abstract

The objective of the study is to verify if there is an association between the performance in Corporate Social Responsibility (CSR) and the risk of fraud in publicly traded Brazilian companies. For this purpose, social and environmental performance data from Thomson Reuters Eikon and a bankruptcy prediction model were used to identify the risk of fraud, as well as control variables related to corporate governance issues that could affect the risk of fraud. The study variables were tested using a quantile regression model. The corporate governance variables, size and independence of the board of directors and audit fees, had a negative relationship with the risk of fraud, while the size of the company and the size of the audit committee had a positive relationship with the risk of fraud. Environmental and social performance is negatively related to the risk of fraud, especially when the risk of fraud is greater, indicating an alignment with the ethical perspective of CSR as opposed to the opportunistic perspective. The main contribution of the study is to identify whether CSR is related to fraud risk. Considering the negative impacts resulting from fraud, this discussion is important for organizations, investors and society.

Author Biographies

Erica Patrícia Modesto Clementino, Universidade de Brasília

Mestranda pela Universidade de Brasília

Rodrigo de Souza Gonçalves, Universidade de Brasília

Professor da Universidade de Brasília

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