RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES

Authors

  • José Flávio Vasconcelos Alves Universidade Federal do Ceará - UFC
  • Márcia Martins Mendes De Luca Universidade Federal do Ceará - UFC
  • Vanessa Ingrid da Costa Cardoso Universidade Federal do Ceará - UFC
  • Alessandra Carvalho de Vasconcelos Universidade Federal do Ceará - UFC
  • Jacqueline Veneroso Alves da Cunha Universidade Federal de Minas Gerais – UFMG

Abstract

Based on the Signaling Theory and the Legitimacy Theory, the present research aims at investigating the relationship between economic performance and environmental performance in Brazilian and Spanish companies. Additionally, the correspondence between the levels of environmental impact and environmental performance in secondary sector companies was analyzed. It is a descriptive research of quantitative nature which analyzes data from 41 Brazilian companies and 25 Spanish companies; all of them public companies, which published GRI-G3 sustainability reports in 2010. 2009 data were also considered. ROA, ROE, ROS and ROM (Tobin’s Q) economic indexes were analyzed as well. Environmental performance was represented by index EN30 (total sum of expenditures and investments in environmental protection) in the sustainability report, divided by the total of Assets. Results point at the existence of a relationship between the variables analyzed year by year, in each country, and also using the time delay attribute. By means of the Correspondence Analysis statistical technique, and considering the two countries together, the research hypothesis was rejected since secondary sector companies with high environmental impact presented low and medium levels of environmental performance.

 

Keywords: Economic performance. Environmental performance. Signaling theory. Legitimacy theory.

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Author Biographies

José Flávio Vasconcelos Alves, Universidade Federal do Ceará - UFC

Mestre em Administração e Controladoria pela Universidade Federal do Ceará – UFC

Márcia Martins Mendes De Luca, Universidade Federal do Ceará - UFC

Doutora em Controladoria e Contabilidade pela Universidade de São Paulo – USP e Professora da Universidade Federal do Ceará – UFC

Vanessa Ingrid da Costa Cardoso, Universidade Federal do Ceará - UFC

Mestranda em Administração e Controladoria pela Universidade Federal do Ceará – UFC

Alessandra Carvalho de Vasconcelos, Universidade Federal do Ceará - UFC

Possui graduação em Ciências Econômicas pela Universidade de Fortaleza - UNIFOR (1995), graduação em Ciências Contábeis pela Universidade de Fortaleza - UNIFOR (2002), mestrado em Ciências Contábeis pela Fundação Universidade Regional de Blumenau - FURB (2006) e doutorado em Engenharia de Produção pela Universidade Federal de Santa Catarina - UFSC (2009). Atualmente é professora adjunto II do Departamento de Contabilidade e do Programa de Pós-graduação em Administração e Controladoria (PPAC) da Universidade Federal do Ceará (UFC).

Jacqueline Veneroso Alves da Cunha, Universidade Federal de Minas Gerais – UFMG

Doutora em Controladoria e Contabilidade pela Universidade de São Paulo - USP e Professora da Universidade Federal de Minas Gerais – UFMG

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Published

10-09-2013

How to Cite

ALVES, J. F. V.; DE LUCA, M. M. M.; CARDOSO, V. I. da C.; VASCONCELOS, A. C. de; CUNHA, J. V. A. da. RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte, [S. l.], v. 5, n. 2, p. 151–172, 2013. Disponível em: https://periodicos.ufrn.br/ambiente/article/view/4144. Acesso em: 23 nov. 2024.

Issue

Vol. 5 No. 2 (2013): Jul./Dez.

Section

ARTICLES

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