Impacto das práticas ESG no desempenho econômico de empresas do Varejo

Janice Ferreira dos Santos; José Odálio dos Santos; José Carlos Marion; Marcos  Crivelaro

doi:10.21710/rch.v38i2.790

Autores/as

Janice Ferreira dos Santos Pontifícia Universidade Católica de São Paulo https://orcid.org/0009-0004-8844-709X
José Odálio dos Santos Pontifícia Universidade Católica de São Paulo https://orcid.org/0000-0001-6428-723X
José Carlos Marion Pontifícia Universidade Católica de São Paulo https://orcid.org/0000-0002-5641-6107
Marcos Crivelaro Faculdade de Informática e Administração Paulista (FIAP) https://orcid.org/0009-0004-8844-709X

DOI:

https://doi.org/10.21710/rch.v38i2.790

Palabras clave:

ESG, sostenibilidad, desempeño económico, EVA®

Resumen

La creciente preocupación por los impactos ambientales, sociales y de gobernanza (ESG) ha trascendido el ámbito de la responsabilidad corporativa, emergiendo como un factor estratégico capaz de influir directamente en el desempeño económico de las empresas. El creciente volumen de recursos financieros con criterios ESG, así como las nuevas expectativas de una sociedad que anhela productos y servicios más sostenibles, han impulsado la adopción de prácticas ESG por parte de las empresas. Por lo tanto, este estudio busca investigar la posible relación entre la adopción de prácticas ESG y el desempeño económico de las empresas. Para lograr este objetivo de investigación, utilizamos una muestra compuesta por empresas que cotizan en bolsa en el sector minorista de la confección, líderes en ingresos y con puntajes en el Índice de Sostenibilidad Corporativa (ISE) B3 entre 2021 y 2024. Para el análisis de datos, utilizamos la técnica estadística de regresión lineal multivariante con datos de panel. El desempeño económico se midió mediante el Valor Económico Agregado (EVA®), mientras que las variables independientes incluyeron la puntuación ESG total, los factores ambientales, sociales y de gobernanza individuales, y variables de control como el ROA, el costo del capital de la deuda y el crecimiento de las ventas. Los resultados indicaron una relación positiva y significativa entre la adopción de prácticas ESG y el desempeño económico. Los factores sociales y de gobernanza fueron más relevantes, mientras que el factor ambiental, aunque positivo, no fue estadísticamente significativo. Los hallazgos refuerzan la importancia del EVA® para evaluar la materialidad financiera de las prácticas ESG.

Biografía del autor/a

Marcos Crivelaro, Faculdade de Informática e Administração Paulista (FIAP)

Autor não possui Orcid.

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