The effect of corporate sustainability on the financial performance of Brazilian enterprises / Ivan VIEIRA PISTELLI / 2022

Titre : The effect of corporate sustainability on the financial performance of Brazilian enterprises Type de document : Mémoire Auteurs : Ivan VIEIRA PISTELLI, Auteur Année de publication : 2022 Importance : 61 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec cotre compte Office 365 via le bouton CONNEXION en haut de la page. Langues : Anglais (eng) Mots-clés : Management DEVELOPPEMENT DURABLE ; ENTREPRISE ; PERFORMANCE Résumé : Corporate sustainability practices has been an ever-present growing market trend starting in the 1970s. This global topic has changed ways companies conduct operations, shape their business models and interact with stakeholder. The reach of the impact of corporate sustainable, nonetheless, differs across nations and industries there is not yet a general consensus on the sustainability’s impact of financial performance. The divergent methodologies observed in the existing literature inspired this study to use a novel approach in performing an empirical analysis on the financial ratios (ROA, ROE, PER, Tobin’s Q and beta coefficient) of companies within the São Paulo Stock Exchange (B3) corporate sustainability index (ISE) faced with other companies listed in Ibovespa, the B3 benchmark index. In order to assess our established hypotheses, the methodology employs the Mann-Whitney U test, used to investigate significant differences in the dependent variable of the two independent groups (ISE and Ibovespa), and a complementary exploratory analysis of the data to provide additional information on the conclusions obtained in the statistical tests. The results show that, in general, companies belonging to B3’s corporate sustainability index (ISE) do not significantly differ from other Ibovespa-listed enterprises in terms of return on equity (ROE), price-to-earnings ratio and beta coefficient, but tend to have a lower return on assets (ROA) and be undervalued in the stock market (i.e. have a lower Tobin’s Q) Programme : Cesem Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=560208