A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil?
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , , |
Tipo de documento: | Trabalho de conclusão de curso |
Idioma: | por |
Título da fonte: | Repositório Institucional da UFU |
Texto Completo: | https://repositorio.ufu.br/handle/123456789/39743 |
Resumo: | OBJECTIVE: This study investigated the impacts of the B3 sustainability index and the Covid-19 pandemic on the value, performance, and risk of 494 Brazilian listed firms from 2010 to 2020.METHOD: The difference-in-difference regression method was adopted to observe the difference in performance, value, and risk variation between listed and non-listed companies on the ISE. The following dependent variables were selected: Return on Assets, Return on Equity, Price-To-Book Value, Market-to-book, Volatility and Beta. To measure sustainability, the B3 ISE (Corporate Sustainability Index) was adopted and the effect of the Covid-19 pandemic in 2020 was considered. RESULTS: The main results show that adherence to the B3 corporate sustainability index significantly reduces Return on Assets, Return on Equity, Price-To-Book Value, Market-to-Book, Beta and Corporate Volatility of Brazilian companies. No significant differences were found in the variation of performance, value and risk between the ISE listed firms and their counterparts. Evidence shows that in 2020 there was a reduction in the value, performance the volatility of Brazilian companies, influenced by the emergence and expansion of Covid-19. CONTRIBUTIONS: The study provided evidence that the sustainable practices of the ISE listed companies positively influence market value and reduce investor risk perception. In addition, the study innovates by presenting empirical evidence on the implications of Covid-19 on the value, performance and risk of Brazilian companies. |
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A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil?Do Sustainability and Covid-19 affect Firms Performance, Value, and Risk in Brazil?SustainabilitySustentabilidadeCovid-19PerformanceDesempenhoRiskRiscoValorValueCNPQ::CIENCIAS SOCIAIS APLICADASOBJECTIVE: This study investigated the impacts of the B3 sustainability index and the Covid-19 pandemic on the value, performance, and risk of 494 Brazilian listed firms from 2010 to 2020.METHOD: The difference-in-difference regression method was adopted to observe the difference in performance, value, and risk variation between listed and non-listed companies on the ISE. The following dependent variables were selected: Return on Assets, Return on Equity, Price-To-Book Value, Market-to-book, Volatility and Beta. To measure sustainability, the B3 ISE (Corporate Sustainability Index) was adopted and the effect of the Covid-19 pandemic in 2020 was considered. RESULTS: The main results show that adherence to the B3 corporate sustainability index significantly reduces Return on Assets, Return on Equity, Price-To-Book Value, Market-to-Book, Beta and Corporate Volatility of Brazilian companies. No significant differences were found in the variation of performance, value and risk between the ISE listed firms and their counterparts. Evidence shows that in 2020 there was a reduction in the value, performance the volatility of Brazilian companies, influenced by the emergence and expansion of Covid-19. CONTRIBUTIONS: The study provided evidence that the sustainable practices of the ISE listed companies positively influence market value and reduce investor risk perception. In addition, the study innovates by presenting empirical evidence on the implications of Covid-19 on the value, performance and risk of Brazilian companies.Trabalho de Conclusão de Curso (Graduação)OBJETIVO: Este estudo investigou os impactos do índice de sustentabilidade da B3 e da pandemia Covid-19 sobre o valor, o desempenho e o risco de 494 firmas brasileiras listadas, no período de 2010 a 2020. MÉTODO: Foi adotado o método de regressão diff-in-diff para observar as variações do desempenho, valor e risco entre as empresas listadas e não listadas no ISE. As variáveis dependentes selecionadas foram: Retorno sobre o Ativo (ROA), Retorno sobre o Patrimônio Líquido (ROE), Preço sobre Valor Patrimonial da Ação, Market-to-book, Volatilidade e Beta. Para medir a sustentabilidade, adotou-se o ISE (Índice de Sustentabilidade Empresarial) da B3 e considerou-se o efeito da pandemia Covid-19 em 2020. RESULTADOS: Os principais resultados apontam que a adesão ao índice de sustentabilidade empresarial reduz significativamente o ROA, o ROE, o Preço sobre Valor Patrimonial da Ação, o Market-to-Book, o Beta e a Volatilidade das empresas brasileiras. Não foi encontrada diferença significativa na variação do desempenho, valor e risco entre as firmas listadas no ISE e as suas contrapartes. As evidências mostram que no ano de 2020 houve redução no valor, no desempenho contábil e na volatilidade das empresas brasileiras, influenciadas pelo surgimento e expansão da Covid-19. CONTRIBUIÇÕES: Este estudo trouxe evidências de que as práticas sustentáveis de empresas participantes do ISE podem influenciar positivamente o valor de mercado e reduzir a percepção de risco do investidor. Além disso, o estudo inovou ao mostrar as implicações da Covid-19 sobre o valor, o desempenho e o risco das empresas brasileirasUniversidade Federal de UberlândiaBrasilGestão da InformaçãoPeixoto, Fernanda Macielhttp://lattes.cnpq.br/5814414461245366Tizziotti, Catarine Palmieri Pitanguihttp://lattes.cnpq.br/3152547234021638Araújo, Aracy Alveshttp://lattes.cnpq.br/5970543576086184De Oliveira, ThaissaJesuka, DutervalPeixoto, Fernanda MacielTizziotti, Catarine Palmieri Pitangui2023-12-06T19:44:47Z2023-12-06T19:44:47Z2023-12-05info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/bachelorThesisapplication/pdfOLIVEIRA, Thaissa de. A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil?. 2021. 12 f. Trabalho de Conclusão de Curso (Graduação em Gestão da Informação) – Universidade Federal de Uberlândia, Uberlândia, 2023.https://repositorio.ufu.br/handle/123456789/39743porAttribution-NonCommercial-NoDerivs 3.0 United Stateshttp://creativecommons.org/licenses/by-nc-nd/3.0/us/info:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFUinstname:Universidade Federal de Uberlândia (UFU)instacron:UFU2023-12-07T06:19:23Zoai:repositorio.ufu.br:123456789/39743Repositório InstitucionalONGhttp://repositorio.ufu.br/oai/requestdiinf@dirbi.ufu.bropendoar:2023-12-07T06:19:23Repositório Institucional da UFU - Universidade Federal de Uberlândia (UFU)false |
dc.title.none.fl_str_mv |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? Do Sustainability and Covid-19 affect Firms Performance, Value, and Risk in Brazil? |
title |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? |
spellingShingle |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? De Oliveira, Thaissa Sustainability Sustentabilidade Covid-19 Performance Desempenho Risk Risco Valor Value CNPQ::CIENCIAS SOCIAIS APLICADAS |
title_short |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? |
title_full |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? |
title_fullStr |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? |
title_full_unstemmed |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? |
title_sort |
A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil? |
author |
De Oliveira, Thaissa |
author_facet |
De Oliveira, Thaissa Jesuka, Duterval Peixoto, Fernanda Maciel Tizziotti, Catarine Palmieri Pitangui |
author_role |
author |
author2 |
Jesuka, Duterval Peixoto, Fernanda Maciel Tizziotti, Catarine Palmieri Pitangui |
author2_role |
author author author |
dc.contributor.none.fl_str_mv |
Peixoto, Fernanda Maciel http://lattes.cnpq.br/5814414461245366 Tizziotti, Catarine Palmieri Pitangui http://lattes.cnpq.br/3152547234021638 Araújo, Aracy Alves http://lattes.cnpq.br/5970543576086184 |
dc.contributor.author.fl_str_mv |
De Oliveira, Thaissa Jesuka, Duterval Peixoto, Fernanda Maciel Tizziotti, Catarine Palmieri Pitangui |
dc.subject.por.fl_str_mv |
Sustainability Sustentabilidade Covid-19 Performance Desempenho Risk Risco Valor Value CNPQ::CIENCIAS SOCIAIS APLICADAS |
topic |
Sustainability Sustentabilidade Covid-19 Performance Desempenho Risk Risco Valor Value CNPQ::CIENCIAS SOCIAIS APLICADAS |
description |
OBJECTIVE: This study investigated the impacts of the B3 sustainability index and the Covid-19 pandemic on the value, performance, and risk of 494 Brazilian listed firms from 2010 to 2020.METHOD: The difference-in-difference regression method was adopted to observe the difference in performance, value, and risk variation between listed and non-listed companies on the ISE. The following dependent variables were selected: Return on Assets, Return on Equity, Price-To-Book Value, Market-to-book, Volatility and Beta. To measure sustainability, the B3 ISE (Corporate Sustainability Index) was adopted and the effect of the Covid-19 pandemic in 2020 was considered. RESULTS: The main results show that adherence to the B3 corporate sustainability index significantly reduces Return on Assets, Return on Equity, Price-To-Book Value, Market-to-Book, Beta and Corporate Volatility of Brazilian companies. No significant differences were found in the variation of performance, value and risk between the ISE listed firms and their counterparts. Evidence shows that in 2020 there was a reduction in the value, performance the volatility of Brazilian companies, influenced by the emergence and expansion of Covid-19. CONTRIBUTIONS: The study provided evidence that the sustainable practices of the ISE listed companies positively influence market value and reduce investor risk perception. In addition, the study innovates by presenting empirical evidence on the implications of Covid-19 on the value, performance and risk of Brazilian companies. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-12-06T19:44:47Z 2023-12-06T19:44:47Z 2023-12-05 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/bachelorThesis |
format |
bachelorThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
OLIVEIRA, Thaissa de. A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil?. 2021. 12 f. Trabalho de Conclusão de Curso (Graduação em Gestão da Informação) – Universidade Federal de Uberlândia, Uberlândia, 2023. https://repositorio.ufu.br/handle/123456789/39743 |
identifier_str_mv |
OLIVEIRA, Thaissa de. A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil?. 2021. 12 f. Trabalho de Conclusão de Curso (Graduação em Gestão da Informação) – Universidade Federal de Uberlândia, Uberlândia, 2023. |
url |
https://repositorio.ufu.br/handle/123456789/39743 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.rights.driver.fl_str_mv |
Attribution-NonCommercial-NoDerivs 3.0 United States http://creativecommons.org/licenses/by-nc-nd/3.0/us/ info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Attribution-NonCommercial-NoDerivs 3.0 United States http://creativecommons.org/licenses/by-nc-nd/3.0/us/ |
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openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Federal de Uberlândia Brasil Gestão da Informação |
publisher.none.fl_str_mv |
Universidade Federal de Uberlândia Brasil Gestão da Informação |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional da UFU instname:Universidade Federal de Uberlândia (UFU) instacron:UFU |
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Universidade Federal de Uberlândia (UFU) |
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UFU |
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UFU |
reponame_str |
Repositório Institucional da UFU |
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Repositório Institucional da UFU |
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Repositório Institucional da UFU - Universidade Federal de Uberlândia (UFU) |
repository.mail.fl_str_mv |
diinf@dirbi.ufu.br |
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