Avaliação Hierárquica Da Influência Do País, Setor E Empresa Na Evidenciação Da Responsabilidade Social Corporativa

Abstract

The study performs a hierarchical evaluation of the influence of the national business system (NBS), industrial sector and financial performance in the disclosure of corporate social responsibility. The assumptions of the institutional theory are used to investigate the influence of the national business system on the evidence of social and environmental practices in companies from the basic materials, oil and gas and utility sectors. The study analyzes 264 observations from companies that have shares traded on the Brazilian stock exchanges (BM & FBovespa) and Canada (Toronto Stock Exchange). A longitudinal study was carried out, adopting descriptive statistics and econometric estimation with a hierarchical model. The results indicate that the percentage of the variance of the random effect is greater explained by the NBS levels, followed by financial characteristics of the companies. The research reinforces the need for managers to assess the characteristics that shape the national business system by establishing their disclosure strategies.