Environmental, social, governance e desempenho corporativo: uma análise na perspectiva da folga financeira

Yvelise Giacomello  Piccinin; Larissa Degenhart; Micheli  Aparecida  Lunardi; Lucas Veiga  Ávila; Jonas Adriel dos Santos Grodt

doi:10.18046/j.estger.2023.168.5800

Environmental, social, governance and corporate performance: an análisis from the perspective of financial slack

Authors

Yvelise Giacomello Piccinin Mestre em Ciências Contábeis (UFSM), Técnica Administrativa em Educação (UFSM), Universidade Federal de Santa Maria (UFSM), Santa Maria, Brasil
Larissa Degenhart Doutora em Ciências Contábeis e Administração (FURB). Professora do Programa de Pós-Graduação em Ciências Contábeis (PPGCC/UFSM), Departamento de Ciências Contábeis, Universidade Federal de Santa Maria (UFSM), Santa Maria, Brasil https://orcid.org/0000-0003-0651-8540
Micheli Aparecida Lunardi Doutora em Ciências Contábeis e Administração (FURB). Professora do Programa de Pós-Graduação em Ciências Contábeis (PPGCC/FURB), Departamento de Ciências Contábeis, Universidade Regional de Blumenau (FURB), Blumenau, Brasil
Lucas Veiga Ávila Doutor em Administração (UFSM). Professor do Programa de Pós-Graduação em Ciências Contábeis (PPGCC/UFSM), Departamento de Ciências Contábeis, Universidade Federal de Santa Maria (UFSM), Santa Maria, Brasil
Jonas Adriel dos Santos Grodt Mestre em Ciências Contábeis (UFSM), Técnico Administrativo em Educação, Instituto Federal Sul-rio-grandense (IFSul), Universidade Federal de Santa Maria (UFSM), Santa Maria, Brasil.

DOI:

https://doi.org/10.18046/j.estger.2023.168.5800

Keywords:

Environmental, Social and Governance, Corporate performance, Financial slack

Abstract

This work aimed to analyze the moderating effect of financial slack on the relationship between ESG and accounting and market performance in Brazilian companies. The unbalanced sample consisted companies listed on Brasil, Bolsa, Balcão (B3), from 2016 to 2021. The descriptive, documentary and quantitative research was operationalized by linear regression by Ordinary Least Squares (OLS). The results indicate that environmental, social and governance (ESG) activities positively impact the accounting and market performance of Brazilian companies. Furthermore, organizations with surplus resources drive ESG actions and corporate performance. The findings contribute by indicating that investors and other stakeholders should analyze with greater caution, contexts of scarcity of resources and lower ESG indices.

Downloads

Download data is not yet available.

Downloads

PDF (Portuguese)

Published

2023-10-30

Issue

Vol. 39 No 168 Jul - Sep 2023

Section

Research articles

License

Articles are the sole responsibility of their authors, and will not compromise Icesi’s University principles or policies nor those of the Editorial Board of the journal Estudios Gerenciales. Authors authorize and accept the transfer of all rights to the journal, both for its print and electronic publication. After an article is published, it may be reproduced without previous permission of the author or the journal but the author(s), year, title, volume, number and range of pages of the publication must be mentioned. In addition, Estudios Gerenciales must be mentioned as the source (please, refrain from using Revista Estudios Gerenciales).

How to Cite

Environmental, social, governance and corporate performance: an análisis from the perspective of financial slack. (2023). Estudios Gerenciales, 39(168), 297-313. https://doi.org/10.18046/j.estger.2023.168.5800