Sustentabilidade empresarial, desempenho e valor corporativo: uma análise no setor elétrico brasileiro

• Main Authors: Isaac Gezer Silva de Oliveira, Sâmela Pedrada Cardoso
• Format: Article
• Language: Portuguese
• Published: Universidade Nove de Julho 2015-01-01
• Series: Exacta
• Online Access: http://www.redalyc.org/articulo.oa?id=81044154013

The current economic climate demands sustainable practices from corporations in order to align the interests of its various stakeholders. On the assumption that corporate value and economic performance are positively associated with sustainability practices, this study aims to analyze the relationship between value and performance and sustainability practices in companies in the Brazilian electricity sector, chosen on the basis of their participation in the Business Sustainability Index of BM&FBovespa and on their respective actions. Linear regression models were estimated with panel data, t-test of mean differences, and probit regression for multivariate data analysis. The survey results suggest that companies participating in the Sustainability Index have increased performance and corporate value. It concludes that the adoption of such practices, in addition to meeting ethical, legal, and societal precepts, contributes to creating corporate value and sustainable business development.