The relationship between performance in corporate social responsibility and fraud risk in publicly traded brazilian companies

• Autor(a) principal: Clementino, Erica Patrícia Modesto
• Data de Publicação: 2022
• Outros Autores: Gonçalves, Rodrigo de Souza
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Científica Hermes
• Texto Completo: https://revistahermes.com.br/index.php/hermes1/article/view/623
• topic: fraudes corporativas; responsabilidade social corporativa; comitê de ética; oportunismo; corporate fraud; , corporate social responsibility; ethic; opportunism

The objective of the study is to verify if there is an association between the performance in Corporate Social Responsibility (CSR) and the risk of fraud in publicly traded Brazilian companies. For this purpose, social and environmental performance data from Thomson Reuters Eikon and a bankruptcy prediction model were used to identify the risk of fraud, as well as control variables related to corporate governance issues that could affect the risk of fraud. The study variables were tested using a quantile regression model. The corporate governance variables, size and independence of the board of directors and audit fees, had a negative relationship with the risk of fraud, while the size of the company and the size of the audit committee had a positive relationship with the risk of fraud. Environmental and social performance is negatively related to the risk of fraud, especially when the risk of fraud is greater, indicating an alignment with the ethical perspective of CSR as opposed to the opportunistic perspective. The main contribution of the study is to identify whether CSR is related to fraud risk. Considering the negative impacts resulting from fraud, this discussion is important for organizations, investors and society.