Impacto das práticas ESG na decisão do investidor: uma análise do market to book nas empresas listadas na bolsa de valores brasileira
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Data
2023-08-11
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Universidade Federal de Goiás
Resumo
The aim of this study was to analyze whether companies that prioritize ESG practices in their businesses exhibit significant differences in the market-to-book ratio compared to those not known for such practices. For that, was consulted companies listed on the Brazilian Stock Exchange (B3) were analyzed, using data from 2009 to 2022 for the three levels of governance. The S&P/B3 Brazil ESG index and the Market to book indicator were considered as variables. Descriptive statistics analysis (average, median, standard deviation, maximum and minimum), T-test for mean difference, and Wilcoxon rank-sum test were employed, after after verifying the existence of non-parametric data. The results indicated that there aren’t statistically significant differences in the means of the Market to book between the groups of companies with ESG indicators above and below the median, refuting the study hypothesis. This suggests that the ESG performance of companies does not significantly influence the relationship between market value and the book value of assets.
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S&P/B3, Brasil ESG, Market to book, Sustentabilidade
Citação
MENDES, Gabriel Silva. Impacto das práticas ESG na decisão do investidor: uma análise do market to book nas empresas listadas na bolsa de valores brasileira. 2023. 39 f. Trabalho de Conclusão de Curso (Bacharelado em Ciências Contábeis) - Faculdade de Administração, Ciências Contábeis e Ciências Econômicas, Universidade Federal de Goiás, Goiânia, 2023.