SUSTAINABILITY, SOCIAL RESPONSIBILITY AND VALUE CREATION IN COMPANIES MEMBERS OF ISE IN BRAZIL
Keywords:
Value Creation, Financial performance, Social Responsibility, Sustainability, Variables.Abstract
This study investigated if variables of social responsibility and sustainability are related to value creation and financial performance of companies in the period 2005-2010. The analysis of 47 companies traded in Brazilian stock market (35 members of the ISE) indicates that social investments can impact negatively on value creation, as the companies which have invested more in the social sphere were also those that presented the lowest shareholder returns over the period analyzed. These results suggest that, at least in the short-term, investments of this nature have negative effects on company evaluation.Downloads
Published
12.04.2013
Issue
Section
Ethics
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The journal retains published articles’ copyrights, but they are simultaneously licensed under the Creative Commons Attribution License (CC BY-NC-ND), which allows individuals’ to share the relevant papers as long as authorship and publication in this journal are duly acknowledged.
How to Cite
Salgado, S. I. F., Silva, W. A. C., & Cunha, G. R. (2013). SUSTAINABILITY, SOCIAL RESPONSIBILITY AND VALUE CREATION IN COMPANIES MEMBERS OF ISE IN BRAZIL. Tourism & Management Studies, 657-672. https://tmstudies.net/index.php/ectms/article/view/488
