SOCIOENVIRONMENTAL DISCLOSURE, CORPORATE REPUTATION AND VALUE CREATION IN FIRMS TRADED ON BM&FBOVESPA

In this study we tested the hypothesis that socioenvironmental disclosure and corporate reputation are positively correlated with value creation in public firms based on a sample of 305 companies listed on BM&FBovespa and on seven reputation rankings. Our findings revealed that i) firms in h...

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Detalhes bibliográficos
Principais autores: Lopes, Artur Corrêa, De Luca, Márcia Martins Mendes, Góis, Alan Diógenes, Vasconcelos, Alessandra Carvalho de
Formato: Online
Idioma:por
Publicado em: Portal de Periódicos Eletrônicos da UFRN
Endereço do item:https://periodicos.ufrn.br/ambiente/article/view/10029
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Descrição
Resumo:In this study we tested the hypothesis that socioenvironmental disclosure and corporate reputation are positively correlated with value creation in public firms based on a sample of 305 companies listed on BM&FBovespa and on seven reputation rankings. Our findings revealed that i) firms in high environmental impact sectors made greater socioenvironmental disclosure, ii) socioenvironmental disclosure was positively correlated with corporate reputation, iii) corporate reputation was positively correlated with value creation but negatively correlated with company size, and iv) no significant correlation existed between socioenvironmental disclosure and value creation. Thus, the study hypothesis could not be validated because only corporate reputation is correlated with the value creation in public companies analyzed.Keywords: Socioenvironmental disclosure. Corporate reputation. Value creation.