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

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 environm...

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Principais autores: Alves, José Flávio Vasconcelos, De Luca, Márcia Martins Mendes, Cardoso, Vanessa Ingrid da Costa, Vasconcelos, Alessandra Carvalho de, Cunha, Jacqueline Veneroso Alves da
Formato: Online
Idioma:por
Publicado em: Portal de Periódicos Eletrônicos da UFRN
Endereço do item:https://periodicos.ufrn.br/ambiente/article/view/4144
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author Alves, José Flávio Vasconcelos
De Luca, Márcia Martins Mendes
Cardoso, Vanessa Ingrid da Costa
Vasconcelos, Alessandra Carvalho de
Cunha, Jacqueline Veneroso Alves da
spellingShingle Alves, José Flávio Vasconcelos
De Luca, Márcia Martins Mendes
Cardoso, Vanessa Ingrid da Costa
Vasconcelos, Alessandra Carvalho de
Cunha, Jacqueline Veneroso Alves da
RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES
author_facet Alves, José Flávio Vasconcelos
De Luca, Márcia Martins Mendes
Cardoso, Vanessa Ingrid da Costa
Vasconcelos, Alessandra Carvalho de
Cunha, Jacqueline Veneroso Alves da
author_sort Alves, José Flávio Vasconcelos
title RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES
title_short RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES
title_full RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES
title_fullStr RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES
title_full_unstemmed RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES
title_sort relatioship between environmental performance and economic performance in brazilian and spanish companies
description 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.
publisher Portal de Periódicos Eletrônicos da UFRN
publishDate 2013
url https://periodicos.ufrn.br/ambiente/article/view/4144
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spelling oai:periodicos.ufrn.br:article-41442019-10-09T22:35:17Z RELATIOSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC PERFORMANCE IN BRAZILIAN AND SPANISH COMPANIES RELACIÓN ENTRE DESEMPEÑO ECONÓMICO Y DESEMPEÑO AMBIENTAL DE EMPRESAS EN BRASIL Y EN ESPAÑA RELAÇÃO ENTRE DESEMPENHO ECONÔMICO E DESEMPENHO AMBIENTAL DE EMPRESAS NO BRASIL E NA ESPANHA Alves, José Flávio Vasconcelos De Luca, Márcia Martins Mendes Cardoso, Vanessa Ingrid da Costa Vasconcelos, Alessandra Carvalho de Cunha, Jacqueline Veneroso Alves da 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. Con base en La Teoría de La Señalización y en la Teoría de la Legitimidad, el estudio tiene por objetivo principal investigar la relación entre el desempeño económico y el desempeño ambiental de las empresas en Brasil y en España. Adicionalmente, se analiza la correspondencia entre el nivel de impacto ambiental y el desempeño ambiental de las empresas del sector secundario. Se trata de una investigación descriptiva, de naturaleza cuantitativa, analizando los datos de 41 empresas brasileñas y 25 españolas, todas de capital abierto, que publicaron  informes de sustentabilidad en el modelo GRI-G3, del año 2010, considerándose aún los datos de 2009. Fueron analizados los indicadores económicos ROA, ROE, ROS y ROM (Q de Tobin) extraídos de las demostraciones financieras de 2009 y 2010. El desempeño ambiental fue representado por el indicador EN30 (total general de inversiones en gastos y protección ambiental) del informe de sustentabilidad, dividido por el Activo total. Los resultados señalan la existencia de relación entre las variables analizadas año tras año, de acuerdo al país, y también utilizando el atributo de desfase temporal. Por medio del Análisis de la Correspondencia (Anacor), considerando los dos países en conjunto, la hipótesis de la investigación fue rechazada, ya que las empresas del sector secundario con alto impacto ambiental presentaron niveles bajo y medio de desempeño ambiental.  Palabras-clave: Desempeño económico. Desempeño ambiental. Teoría de la señalización. Teoría de la legitimidad. Com base na Teoria da Sinalização e na Teoria da Legitimidade, o estudo tem por objetivo principal investigar a relação entre o desempenho econômico e o desempenho ambiental das empresas no Brasil e na Espanha. Adicionalmente, analisa-se a correspondência entre o nível de impacto ambiental e o desempenho ambiental das empresas do setor secundário. Trata-se de pesquisa descritiva, de natureza quantitativa, analisando dados de 41 empresas brasileiras e 25 espanholas, todas de capital aberto, que publicaram relatórios de sustentabilidade no modelo GRI-G3, do ano 2010, considerando-se ainda os dados de 2009. Foram analisados os indicadores econômicos ROA, ROE, ROS e ROM (Q de Tobin) extraídos das demonstrações financeiras de 2009 e 2010. O desempenho ambiental foi representado pelo indicador EN30 (total geral de investimentos em gastos e proteção ambiental) do relatório de sustentabilidade, dividido pelo Ativo total. Os resultados apontam a existência de relação entre as variáveis analisadas ano a ano, conforme o país, e também utilizando o atributo da defasagem temporal. Por meio da Análise de Correspondência (Anacor), considerando os dois países em conjunto, a hipótese da pesquisa foi rejeitada, já que as empresas do setor secundário com alto impacto ambiental apresentaram níveis baixo e médio de desempenho ambiental. Portal de Periódicos Eletrônicos da UFRN 2013-09-10 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://periodicos.ufrn.br/ambiente/article/view/4144 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte; Vol. 5 No. 2 (2013): Jul./Dez.; 151-172 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte; Vol. 5 Núm. 2 (2013): Jul./Dez.; 151-172 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte - ISSN 2176-9036; v. 5 n. 2 (2013): Jul./Dez.; 151-172 2176-9036 por https://periodicos.ufrn.br/ambiente/article/view/4144/3381 Copyright (c) 2016 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte - ISSN 2176-9036

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