Las empresas con transparencia en la publicación de los informes contables presentan mejores resultados económicos, financieros y de sostenibilidad?

• Published in: Cuadernos de contabilidad 2023-01, Vol.24, p.1
• Main Authors: Geovane Camilo Dos Santos, Maria Aparecida Alves Reis, De Oliveira, Elis Regina, Brasilino José Ferreira Neto, Oliveira, Elcio Dihl
• Format: Article
• Language: Portuguese
• Subjects: Corporate governance; Economics; Environmental performance; Financial statements; Social responsibility; Transparency
• ISSN: 0123-1472
• DOI: 10.11144/Javeriana.cc24.etdr

This article aims to compare the economic-financial and Environmental, Social, and Corporate Governance (ESG) performance of the companies awarded the Transparency Trophy with the performance of the control group. The specific objective of this study is to verify the existence of an association between economic-financial performance variables and ESG variables by a group of companies. The sample consisted of 19 companies, separated into two groups: the interest group, those awarded the Transparency Trophy, and the control group, companies with similar characteristics, such as sector and revenue. The Mann-Whitney mean difference test was applied to two independent samples. Spearman's correlation was also performed in both study groups. The results suggest that the companies awarded the Transparency Trophy, which meet with excellence the criteria of transparency and clarity in their financial statements, do not differ significantly in their economic-financial results or their ESG performance compared to the control group. This study contributes to the literature by showing that companies awarded for their attributes of greater transparency and quality in financial statements, which are important characteristics for stakeholder decision-making, still do not show a significant association of their economic-financial performance with their other Corporate Social Responsibility (CSR) practices.