Analysis of the profitability of companies registered in the B3 corporate sustainability index

• Autor(a) principal: Oliveira, Samara de
• Data de Publicação: 2024
• Outros Autores: Santos, Valterlin da Silva
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: RACE (Joaçaba. Online)
• Texto Completo: https://periodicos.unoesc.edu.br/race/article/view/27271
• topic: Social responsibility; Stakeholders; Shareholders; Responsabilidade Socioambiental; Stakeholders; Shareholders

With the new society demands, companies had to innovate and adapt their business practices in the search for competitive advantage and guarantee in building long-term value. In this context, sustainability and socio-environmental responsibility have assumed an important role in the modern world business, leading companies to perfect good corporate governance practices. Thus, the objective of the study is to investigate whether the profitability of companies belonging to Brazil, Bolsa, Balcão (B3) has changed after joining the Corporate Sustainability Index (ISE). To achieve this purpose, the rentability of a sample made up of 20 companies that remained the ISE portfolio since their entry until 2018 year was analyzed using the rentability indicator Return on Assets (ROA). Statistical variables were determined (means, medians and coefficients of variation) and the hypothesis that there was some change in the mean ROA value after the company's entry into the ISE was assessed using the Mann-Whitney non-parametric hypothesis test. The results showed that there is no possibility to state that entry into the ISE will lead to an increase or decrease in rentability, however, most companies showed an improvement in the variability of rentability, that is, more consistent rentability.