Impacto do ESG no desempenho corporativo: uma análise comparativa entre mercados desenvolvidos e emergentes
DOI:
https://doi.org/10.21680/2176-9036.2026v18n1ID38573Palavras-chave:
ESG, Desempenho, Sustentabilidade Corporativa, Impacto EconômicoResumo
Objetivo: Comparar o impacto dos fatores ESG (ambientais, sociais e de governança) no desempenho operacional, financeiro e de mercado de empresas em mercados desenvolvidos e emergentes entre 2018 e 2023.
Metodologia: Utilizando uma abordagem quantitativa, foram analisados dados financeiros e de divulgação ESG de 2.546 empresas de diferentes setores em mercados desenvolvidos e emergentes. Técnicas de regressão linear múltipla foram aplicadas para investigar a relação entre práticas ESG e desempenho corporativo (ROA, ROE e Q de Tobin), considerando variáveis como tamanho da empresa, alavancagem e crescimento de vendas.
Resultados: Os resultados indicam que mercados emergentes apresentam uma associação mais forte entre práticas ESG e desempenho financeiro, em comparação com mercados desenvolvidos.
Contribuições do Estudo: Este estudo contribui para a compreensão teórica da relação ESG e desempenho e oferece insights para políticas públicas e estratégias corporativas, promovendo investimentos responsáveis e sustentabilidade. Isso possibilita a análise comparativa entre mercados emergentes e desenvolvidos, destacando as nuances na implementação e nos resultados das práticas ESG, com implicações teóricas e práticas para empresas e formuladores de políticas.
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