Relato integrado e desempenho financeiro das empresas listadas na B3

• Gonçalves, Helenice Souza ^[1] ; Anjos, Luiz Carlos Marques dos ^[1] ; Freitas, Maurício Assuero de Lima ^[1]
  1. [1] Universidade Federal de Pernambuco

     Universidade Federal de Pernambuco

     Brasil

     
• Localización: Race: revista de administração, contabilidade e economia, ISSN 1678-6483, ISSN-e 2179-4936, Vol. 18, Nº. 2 (maio/ago), 2019, págs. 345-362
• Idioma: portugués
• DOI: 10.18593/race.19954
• Títulos paralelos:
  • Integrated reporting and financial performance of listed companies on B3
• Enlaces
  • Texto completo (pdf)
• Resumen
  • English

    The Integrated Report proposes to create value for all its stakeholders, organized in six capitals: financial, manufactured, natural, intellectual, human, social and relationship. This research analyzed whether the companies listed in Brazilian Stock Exchange (B3), belonging to the sectors of industrial goods, basic materials, non-cyclic consumption and public utility, have their financial performance influenced by the publication of the Integrated Report. Through the Panel Data analysis, with estimation of the Fixed Effects and Random Effects it was found that there is no influence of the CSR on the financial performance in the companies that publish the document under study, this result was verified both in the joint analysis of the companies, and in the analysis by sector.

  • português

    O Relato Integrado tem como proposta a criação de valor para todos os seus stakeholders, organizado em seis capitais: financeiro, manufaturado, natural, intelectual, humano, social e de relacionamento. Esta pesquisa analisou se as empresas listadas na Brasil, Bolsa, Balcão (B3), pertencentes aos setores de bens industriais, materiais básicos, consumo não cíclico e utilidade pública, têm seu desempenho financeiro influenciado pela publicação do Relato Integrado. Por meio da análise de Dados em Painel, com estimação pelos Efeitos Fixos e Efeitos Aleatórios, apurou-se que não há influência da RSC sobre o desempenho financeiro nas empresas que publicam o documento em estudo; esse resultado foi apurado tanto na análise conjunta das empresas quanto na análise por setor de atividade.

• Referencias bibliográficas
  • Alves, N. J. F., Kassai, J. R., Lucas, E. C., & Ferreira, H. M. G. (2017). Relato Integrado e o formato da informação financeira para...
  • Aupperle, K. E., Carroll, A. B., & Hatfield, J. D. (1985). An empirical examination of the relationship between corporate social responsability...
  • Baboukardos, D., & Rimmel, G. (2016). Value relevance of accounting information under an integrated reporting approach: A research note....
  • Baird, P. L., Geylani, P. C., & Roberts, J. A. (2012). Corporate social and financial performance re-examined: Industry effects in a linear...
  • Barth, M. E., Cahan, S. F., Chen, L., & Venter, E. R. (2018). The economic consequences associated with integrated report quality: Capital...
  • Bommel, K. van. (2014). Towards a legitimate compromise? An exploration of Integrated Reporting in the Netherlands. Accounting, Auditing &...
  • Boulouta, I., & Pitelis, C. N. (2014). Who needs CSR? The impact of corporate social responsibility on national competitiveness. Journal...
  • Carp, M., Păvăloaia, L., Afrăsinei, M.-B., & Georgescu, I. E. (2019). Is sustainability reporting a business strategy for firm’s growth?...
  • Carroll, A. B. (1991). The pyramid of corporate social responsibiiity: Toward the moral management of organizational stakeholders. Business...
  • Casonato, F., Farneti, F., & Dumay, J. (2018). Social capital and integrated reporting: Losing legitimacy when reporting talk is not supported...
  • Churet, C., & Eccles, R. G. (2014). Integrated Reporting, quality of management, and financial performance. Journal of Applied Corporate...
  • Deegan, C. (2002). Introduction: The legitimising effect of social and environmental disclousures – a theoretical foundation. Accounting,...
  • Deegan, C., Rankin, M., & Tobin, J. (2002). An examination of the corporate social and environmental disclosures of BHP from 1983-1997:...
  • Recuperado de https://doi.org/10.1108/09513570210435861
  • Dhaliwal, D., Li, O. Z., Tsang, A., & Yang, Y. G. (2014). Corporate social responsibility disclosure and the cost of equity capital: The...
  • Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational behavior. The Pacific Sociological Review,...
  • International Integrated Reporting Council. (2013). Business and Investors Explore the Sustainability Perspective of Integrated Reporting.
  • Lee, K. W., & Yeo, G. H. H. (2016). The association between integrated reporting and firm valuation. Review of Quantitative Finance and...
  • López, M. V., Garcia, A., & Rodriguez, L. (2007). Sustainable development and corporate performance: A study based on the Dow Jones Sustainability...
  • Magnanelli, B. S., & Izzo, M. F. (2017). Corporate social performance and cost of debt: The relationship. Social Responsibility Journal,...
  • Malik, M. (2015). Value-enhancing capabilities of CSR: A brief review of contemporary literature. Journal of Business Ethics, 127(2), 419-438....
  • Marti, C. P., Rovira-Val, M. R., & Drescher, L. G. J. (2015). Are firms that contribute to sustainable development better financially?...
  • Milne, M. J., & Patten, D. M. (2002). Securing organizational legitimacy. Accounting, Auditing & Accountability Journal, 15(3), 372-405....
  • Miras-Rodríguez, M. del M., Carrasco-Gallego, A., & Escobar-Pérez, B. (2015). Has the CSR engagement of electrical companies had an effect...
  • O’Donovan, G. (2002). Environmental disclosures in the annual report: Extending the applicability and predictive power of legitimacy theory....
  • Perlin, M., Kirch, G., & Vancin, D. (2018, February 22). Accessing Financial Reports and Corporate Events with GetDFPdata. Retrieved from...
  • Saeidi, S. P., Sofian, S., Saeidi, P., Saeidi, S. P., & Saaeidi, S. A. (2015). How does corporate social responsibility contribute to...
  • Samkin, G., & Schneider, A. (2010). Accountability, narrative reporting and legitimation The case of a New Zealand public benefit entity....
  • Schreck, P. (2011). Reviewing the business case for Corporate Social Responsibility: New evidence and analysis. Journal of Business Ethics,...
  • Sprinkle, G. B., & Maines, L. A. (2010). The benefits and costs of corporate social responsibility. Business Horizons, 53(5), 445-453.
  • Retrieved from https://doi.org/10.1016/j.bushor.2010.05.006
  • Suchman, M. C. (1995). Managing Legitimacy: Strategic and Institucional Approaches. Academy of Management Review, 20(3), 571-610. Retrieved...
  • Surroca, J., Tribó, J. A., & Waddock, S. (2010). Corporate Responsability and financial performance: The role of intangible resources....
  • Tebini, H., M’Zali, B., Lang, P., & Perez-Gladish, B. (2016). The economic impact of environmentally responsible practices. Corporate...
  • Testa, M., & D’Amato, A. (2017). Corporate environmental responsibility and financial performance: Does bidirectional causality work?...
  • Wen, L. P., & Heong, A. Y. K. (2017). Integrated Reporting and financial performance: Evidence from Malaysia. Management & Accounting...
  • Yadava, R. N., & Sinha, B. (2016). Scoring sustainability reports using GRI 2011 Guidelines for assessing environmental, economic, and...
  • Zappettini, F., & Unerman, J. (2016). “Mixing” and “Bending”: the recontextualisation of discourses of sustainability in integrated reporting....
  • Zhou, S., Simnett, R., & Green, W. (2017). Does Integrated Reporting matter to the capital market? Abacus, 53(1), 94-132. Retrieved from...