A sustentabilidade e a covid-19 afetam o desempenho, o valor e o risco de firmas no Brasil?

Detalhes bibliográficos
Autor(a) principal: De Oliveira, Thaissa
Data de Publicação: 2023
Outros Autores: Jesuka, Duterval, Peixoto, Fernanda Maciel, Tizziotti, Catarine Palmieri Pitangui
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.
id UFU_58379afe82e91c385a08d2540fd6421d
oai_identifier_str oai:repositorio.ufu.br:123456789/39743
network_acronym_str UFU
network_name_str Repositório Institucional da UFU
repository_id_str
spelling 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/
eu_rights_str_mv 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
instname_str Universidade Federal de Uberlândia (UFU)
instacron_str UFU
institution UFU
reponame_str Repositório Institucional da UFU
collection Repositório Institucional da UFU
repository.name.fl_str_mv Repositório Institucional da UFU - Universidade Federal de Uberlândia (UFU)
repository.mail.fl_str_mv diinf@dirbi.ufu.br
_version_ 1813711503688204288