Banca de DEFESA: MARÍLIA GABRIELLY SANTOS DE SOUZA

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : MARÍLIA GABRIELLY SANTOS DE SOUZA
DATE: 22/08/2024
TIME: 14:30
LOCAL: VIDEOCONFERÊNCIA
TITLE:

ADOPTION OF ESG INDICATORS, FINANCIAL CLEARANCE AND FINANCIAL RESTRICTIONS: A STUDY IN PUBLICLY CAPITAL COMPANIES IN EMERGING COUNTRIES

KEY WORDS:

ESG. Financial slack. Financial restriction. ESG controversies.

PAGES: 72
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

This dissertation aimed to investigate the relationship between the adoption of ESG practices, slack financial constraints or financial restrictions on publicly traded companies in emerging countries, specifically in the countries of the BRICS economic group. For this, the data, covering the period from 2018 to 2022, were collected from the Refinitiv Eikon® database. Using a sample of publicly traded companies in these countries, selected for their obligation to disclose information detailed financial statements, the unbalanced sample consisted of 681 companies, in the period of 2018 to 2022, totaling 3.192 observations. For data analysis, using a quantitative and econometric techniques, regression was performed on panel data, using the fixed effects model. The analysis considered total ESG performance and each ESG pillar separately, in addition to examining the controversies associated with these practices. The results revealed a complex interaction between financial variables and ESG (environmental, social and governance) in companies. The coefficients of the financial variables showed different patterns between the countries studied. In South Africa and China, financial constraints were associated positively to ESG performance. In contrast, in Russia, financial constraints were associated negatively to ESG performance. As for financial slack, China had a positive relationship and significant in social ESG, while South Africa and Brazil showed negative associations and significant in ESG pillars. Regarding ESG controversies, Brazil showed a significant negative significance for financial slack, and China had a negative significance for constraint financial. These results highlight the complexity of interactions between financial variables and ESG practices in different countries. This evidence highlights the complexity of strategies businesses in limited financial contexts and highlight the importance of adapted policies to local contexts to promote effective sustainable practices.

COMMITTEE MEMBERS:
Presidente - 1561014 - ADILSON DE LIMA TAVARES
Interno - 2814007 - RENATO HENRIQUE GURGEL MOTA
Externo à Instituição - WENNER GLAUCIO LOPES LUCENA - UFPB