Sustentabilidade corporativa: Impacto da diversidade organizacional no desempenho financeiro das empresas do índice de sustentabilidade empresarial (ISE)

• Autor(a) principal: Riedel, Renan de Andrade
• Data de Publicação: 2018
• Tipo de documento: Dissertação
• Idioma: por
• Título da fonte: Biblioteca Digital de Teses e Dissertações da PUC_SP
• Texto Completo: https://tede2.pucsp.br/handle/handle/21816
• topic: Diversidade organizacional; Desempenho financeiro; Sustentabilidade; Organizational diversity; Financial performance; Sustainability; CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS

Diversity is a social characteristic, as a mechanism of governance it generates effects that can be felt in innovation, decision making process agility and financial performance at some point. International surveys, including reports from organizations and consulting, present the effects of diversity generated on financial performance on Canadian, American or European companies. This research try to assess whether these impacts occur in the Brazilian stock market companies, analyzing if better performance is related or not with more or less diversity, and if companies of the same sector have higher performances related to greater diversity. The sample group companies belong to the eligible group of the business sustainability index (ISE) from B3 stock market company composed of 81 companies with public information available from the period 2013 to 2017 for a total of 307 events. The social and governance questionnaires answered by ISE participants were used to develop an indicator of diversity based on the Herfindahl-Hirschman concentration index (HHI), allowing to rank and construction of the diversity indicator set by sector and participant. A stratified statistical analysis was used to verify if the financial performance indicators ROA, ROE and EBIT were in some way impacted by the HHI, using descriptive statistics, Pearson's correlation analysis, Kendall's Tau-b correlation and analysis of quartiles verified year by year. The variance, dispersion and number of cases was not enough to analyze the dependence and although some correlations were considered moderate, it was not conclusive when observing the association of high HHI with high financial performance indicators however, it was possible, even through the short and turbulent period analyzed, to verify a sensible effect of the HHI on performance indicators on average, despite the fact it has been conservatively opted for rejection of the hypotheses