INFLUENCE OF CORPORATE GOVERNANCE IN ISEBOVESPA'S PARTICIPATION

• Autor(a) principal: Júnior, Ednilto Pereira Tavares
• Data de Publicação: 2018
• Outros Autores: Lustosa, Paulo Roberto Barbosa, Sales, Isabel Cristina Henriques
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Ambiente Contábil
• Texto Completo: https://periodicos.ufrn.br/ambiente/article/view/13332
• topic: Corporate social responsibility. Corporate governance. Stock Exchange.; Responsabilidad social corporativa. Gobernanza corporativa. Bolsa de Valores.; Responsabilidade social. Governança corporativa. Bolsa de valores.

It is observed, in the academic environment, that subjects such as sustainability and governance are increasingly studied and debated. This tendency is generally attributed to the fact that people, both in the academy and in society at large, show growing interest in issues involving sustainable methods and social responsibility. This research has the objective of investigating, through logistic regression, the influence variables indebtedness, state control and participation in the BOVESPA governance index, all associated to corporate governance, in the probability that the company will participate in the BM & FBOVESPA Corporate Sustainability Index (ISEBOVESPA). The sample was composed of 156 companies listed in B3 that presented the sustainability report, obtained from the Reference Form. This cut was defined by the premise that companies that present this report practice a greater evidence of sustainable business practices. The time cut, from 2010 to 2016, was defined based on the availability of the information, since the Reference Form had its presentation instituted only from 2010. The results indicate weak influence, negative, of the indebtedness and strong positive influence of the participation in the BOVESPA governance index in the probability of the company participating in ISE. On the other hand, state control of capital has no influence on the decision of the company to participate in ISE.