Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America
Autor(a) principal: | |
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Data de Publicação: | 2024 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por eng |
Título da fonte: | Cadernos EBAPE.BR |
Texto Completo: | https://periodicos.fgv.br/cadernosebape/article/view/90770 |
Resumo: | This study aims to investigate the effect of board structure on companies’ engagement with the Sustainable Development Goals (SDGs). The characteristics of the board of directors related to the size of the board, independence, and diversity were analyzed, as well as the disclosure of the 17 SDGs of 371 companies headquartered in Latin America from 2016 to 2020. The data were analyzed using data regression in a panel with fixed effects and regression of panel data using the logit method. Research findings showed that board size and board independence have a positive effect on SDG disclosure. The results are in line with the Upper Echelons Theory, as it advocates that the company’s strategic choices and positioning are made by senior management – the members of the board of directors. The research expands the explanation of this theory, confirming that top management is crucial for strategic positioning in environmental and social issues. Managers and shareholders must understand that certain features, such as the social responsibility committee and the preparation of a sustainability report, can also contribute to the 2030 Agenda. At the government level, the results are useful for public policy makers, as they can encourage the creation of norms for the voluntary disclosure of environmental and social information. |
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Board structure as a mechanism to achieve the UN 2030 Agenda in Latin AmericaEstructura de la junta directiva como mecanismo para alcanzar la agenda 2030 en América LatinaEstrutura do conselho de administração como mecanismo para atingir a Agenda 2030 na América LatinaBoard structureSustainable development goalsAgenda 2030Corporate social responsibilityEstructura de la junta directivaObjetivos de desarrollo sostenibleAgenda 2030Responsabilidad social corporativaEstrutura do conselhoObjetivos de desenvolvimento sustentávelAgenda 2030Responsabilidade social corporativaThis study aims to investigate the effect of board structure on companies’ engagement with the Sustainable Development Goals (SDGs). The characteristics of the board of directors related to the size of the board, independence, and diversity were analyzed, as well as the disclosure of the 17 SDGs of 371 companies headquartered in Latin America from 2016 to 2020. The data were analyzed using data regression in a panel with fixed effects and regression of panel data using the logit method. Research findings showed that board size and board independence have a positive effect on SDG disclosure. The results are in line with the Upper Echelons Theory, as it advocates that the company’s strategic choices and positioning are made by senior management – the members of the board of directors. The research expands the explanation of this theory, confirming that top management is crucial for strategic positioning in environmental and social issues. Managers and shareholders must understand that certain features, such as the social responsibility committee and the preparation of a sustainability report, can also contribute to the 2030 Agenda. At the government level, the results are useful for public policy makers, as they can encourage the creation of norms for the voluntary disclosure of environmental and social information.Este estudio tiene como objetivo investigar el efecto de la estructura de la junta directiva en el compromiso de las empresas con los Objetivos de Desarrollo Sostenible (ODS). Se analizaron las características de la junta directiva relacionadas con el tamaño de la junta, la independencia y la diversidad, así como la divulgación de los 17 ODS de 371 empresas con sede en América Latina para el período de 2016 a 2020. Los datos se analizaron utilizando regresión de datos en panel con efectos fijos y regresión de datos de panel utilizando el método logit. Los hallazgos de la investigación mostraron que el tamaño y la independencia de la junta tienen un efecto positivo en la divulgación de los ODS. Los resultados están en línea con la teoría de la alta dirección, ya que defiende que las decisiones y posicionamientos estratégicos de la empresa sean realizados por la alta dirección, es decir, los miembros de la junta directiva. La investigación amplía la explicación de esta teoría, confirmando que la alta dirección es crucial para el posicionamiento estratégico en temas ambientales y sociales. Los gerentes y accionistas deben entender que ciertos elementos, como la formación de un comité de responsabilidad social y la elaboración de un informe de sostenibilidad, también pueden contribuir a la Agenda 2030. A nivel de gobierno, los resultados son útiles para los hacedores de políticas públicas, ya que pueden incentivar la creación de normas para la divulgación voluntaria de información ambiental y social.Este estudo tem por objetivo investigar o efeito da estrutura do conselho no engajamento das empresas com os Objetivos do Desenvolvimento Sustentável (ODS). Foram analisadas as características do conselho de administração relacionadas a tamanho, independência e diversidade, bem como a divulgação dos 17 ODS de 371 empresas sediadas na América Latina no período de 2016 a 2020. Os dados foram analisados mediante regressão de dados em painel com efeitos fixos e regressão de dados em painel pelo método logit. Os achados da pesquisa mostraram que o tamanho e a independência do conselho têm um efeito positivo na divulgação dos ODS. Os resultados dialogam com a Teoria dos Altos Escalões, na medida em que ela preconiza que as escolhas e o posicionamento estratégico da empresa são feitos pela alta administração, ou seja, os membros do conselho de administração. A pesquisa amplia a explicação dessa teoria, confirmando que a alta administração é determinante para o posicionamento estratégico em questões ambientais e sociais. Gestores e acionistas devem compreender que determinados fatores, como a formação de um comitê de responsabilidade social e a elaboração de relatório de sustentabilidade, também podem contribuir para a Agenda 2030. No nível governamental, os resultados são úteis a formuladores de políticas públicas, já que eles podem incentivar a criação de normas para divulgação voluntária de informações ambientais e sociais.Escola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas2024-02-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://periodicos.fgv.br/cadernosebape/article/view/9077010.1590/1679-395120220308Cadernos EBAPE.BR; Vol. 22 No. 1 (2024); e2022-0308Cadernos EBAPE.BR; Vol. 22 Núm. 1 (2024); e2022-0308Cadernos EBAPE.BR; v. 22 n. 1 (2024); e2022-03081679-3951reponame:Cadernos EBAPE.BRinstname:Fundação Getulio Vargas (FGV)instacron:FGVporenghttps://periodicos.fgv.br/cadernosebape/article/view/90770/85291https://periodicos.fgv.br/cadernosebape/article/view/90770/85292https://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessPinheiro, Alan BandeiraRibeiro, Cintia de Melo de AlbuquerqueBizerra, André Luiz Villagelim2024-02-28T19:21:23Zoai:ojs.periodicos.fgv.br:article/90770Revistahttps://periodicos.fgv.br/cadernosebapehttps://periodicos.fgv.br/cadernosebape/oaicadernosebape@fgv.br||cadernosebape@fgv.br1679-39511679-3951opendoar:2024-05-13T10:00:36.110066Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV)true |
dc.title.none.fl_str_mv |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America Estructura de la junta directiva como mecanismo para alcanzar la agenda 2030 en América Latina Estrutura do conselho de administração como mecanismo para atingir a Agenda 2030 na América Latina |
title |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America |
spellingShingle |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America Pinheiro, Alan Bandeira Board structure Sustainable development goals Agenda 2030 Corporate social responsibility Estructura de la junta directiva Objetivos de desarrollo sostenible Agenda 2030 Responsabilidad social corporativa Estrutura do conselho Objetivos de desenvolvimento sustentável Agenda 2030 Responsabilidade social corporativa |
title_short |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America |
title_full |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America |
title_fullStr |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America |
title_full_unstemmed |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America |
title_sort |
Board structure as a mechanism to achieve the UN 2030 Agenda in Latin America |
author |
Pinheiro, Alan Bandeira |
author_facet |
Pinheiro, Alan Bandeira Ribeiro, Cintia de Melo de Albuquerque Bizerra, André Luiz Villagelim |
author_role |
author |
author2 |
Ribeiro, Cintia de Melo de Albuquerque Bizerra, André Luiz Villagelim |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Pinheiro, Alan Bandeira Ribeiro, Cintia de Melo de Albuquerque Bizerra, André Luiz Villagelim |
dc.subject.por.fl_str_mv |
Board structure Sustainable development goals Agenda 2030 Corporate social responsibility Estructura de la junta directiva Objetivos de desarrollo sostenible Agenda 2030 Responsabilidad social corporativa Estrutura do conselho Objetivos de desenvolvimento sustentável Agenda 2030 Responsabilidade social corporativa |
topic |
Board structure Sustainable development goals Agenda 2030 Corporate social responsibility Estructura de la junta directiva Objetivos de desarrollo sostenible Agenda 2030 Responsabilidad social corporativa Estrutura do conselho Objetivos de desenvolvimento sustentável Agenda 2030 Responsabilidade social corporativa |
description |
This study aims to investigate the effect of board structure on companies’ engagement with the Sustainable Development Goals (SDGs). The characteristics of the board of directors related to the size of the board, independence, and diversity were analyzed, as well as the disclosure of the 17 SDGs of 371 companies headquartered in Latin America from 2016 to 2020. The data were analyzed using data regression in a panel with fixed effects and regression of panel data using the logit method. Research findings showed that board size and board independence have a positive effect on SDG disclosure. The results are in line with the Upper Echelons Theory, as it advocates that the company’s strategic choices and positioning are made by senior management – the members of the board of directors. The research expands the explanation of this theory, confirming that top management is crucial for strategic positioning in environmental and social issues. Managers and shareholders must understand that certain features, such as the social responsibility committee and the preparation of a sustainability report, can also contribute to the 2030 Agenda. At the government level, the results are useful for public policy makers, as they can encourage the creation of norms for the voluntary disclosure of environmental and social information. |
publishDate |
2024 |
dc.date.none.fl_str_mv |
2024-02-28 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://periodicos.fgv.br/cadernosebape/article/view/90770 10.1590/1679-395120220308 |
url |
https://periodicos.fgv.br/cadernosebape/article/view/90770 |
identifier_str_mv |
10.1590/1679-395120220308 |
dc.language.iso.fl_str_mv |
por eng |
language |
por eng |
dc.relation.none.fl_str_mv |
https://periodicos.fgv.br/cadernosebape/article/view/90770/85291 https://periodicos.fgv.br/cadernosebape/article/view/90770/85292 |
dc.rights.driver.fl_str_mv |
https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Escola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas |
publisher.none.fl_str_mv |
Escola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas |
dc.source.none.fl_str_mv |
Cadernos EBAPE.BR; Vol. 22 No. 1 (2024); e2022-0308 Cadernos EBAPE.BR; Vol. 22 Núm. 1 (2024); e2022-0308 Cadernos EBAPE.BR; v. 22 n. 1 (2024); e2022-0308 1679-3951 reponame:Cadernos EBAPE.BR instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Cadernos EBAPE.BR |
collection |
Cadernos EBAPE.BR |
repository.name.fl_str_mv |
Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
cadernosebape@fgv.br||cadernosebape@fgv.br |
_version_ |
1798943214761148416 |