La responsabilidad social corporativa y el desempeño financiero: un análisis en empresas mexicanas que cotizan en la bolsa

Alonso‐Almeida, María del Mar; García, Martha del Pilar Rodríguez; Alejandro, Klender Aimer Cortez; Quintero, José Luis Abreu

doi:10.22201/fca.24488410e.2012.195

Cited by 18 publications

(8 citation statements)

References 38 publications

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“…This result is similar to that obtained in research by Russo and Pogutz (2009) and Jo and Na (2012). The return on assets variable had a negative and significant effect on risk at 1% (Alonso-Almeida et al 2012;Jo and Na 2012). Variable capital investments as compared to sales were significant at 5%, as was seen in the research conducted by Jo and Na (2012).…”

Section: Discussionsupporting

confidence: 88%

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Eco-Efficiency and Stock Market Volatility: Emerging Markets Analysis

Galindo-Manrique

Calderón

Rodríguez-García

2021

Administrative Sciences

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Climate change, the accelerated industrialization of emerging countries, as well as the growing demand for transparency from stakeholders, are all factors that influence the environmental performance of companies. Thus, eco-efficient behavior can improve financial performance by increasing wealth generation and decreasing the volatility of listed financial assets. There is a lot of previous literature showing diverse results of the effect of eco-efficiency on corporate profitability, but this is not the case when we refer to risk. This study analyzes the relationship between eco-efficient behavior and the share price volatility of companies traded in emerging markets. For this purpose, a sample of 346 companies listed in 24 countries was studied for the period between 2010 and 2017. The results show a positive effect. Thus, the recommendation is that a clear commitment to eco-efficient investment can improve the environmental impact of companies, from the private, public, and institutional spheres.

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Section: Discussionsupporting

confidence: 88%

“…The control variables of return on assets, capital investment as compared to sales, and company size also presented similar behaviors to previous models (Alonso-Almeida et al 2012;Jo and Na 2012;Russo and Pogutz 2009).…”

Section: Discussionsupporting

confidence: 73%

Eco-Efficiency and Stock Market Volatility: Emerging Markets Analysis

Galindo-Manrique

Calderón

Rodríguez-García

2021

Administrative Sciences

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“…Some researchers have found evidence that maintaining close relationships with stakeholders, based on trust and reciprocity, has an economic benefit, even in market conditions with excessive competition and instability such as the informal economy (Al-Shammari et al, 2021;Villanueva et al, 2018). On the other hand, there is research that indicates that even though investments in Social Responsibility is a growing trend during the last decade (Sciarelli et al, 2019), this has not yet positively permeated the economic benefit of signatures (Alonso-Almeida et al, 2012;Torre Torres & Martínez, 2015;Morales & Abreu, 2014b). Some argue that this happens mainly during the short term, when costs have not yet been recovered (Hang et al, 2019), or when companies have not managed to consolidate the issue of sustainability, nor have they been able to communicate it clearly (Arminen et al, 2016).…”

Section: Social Responsibility and Its Relationship With The Economic...mentioning

confidence: 99%

Social Responsibility Practices as a Factor in Economic Benefits

Navarro

2022

IJBS

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Social responsibility shows an influential evolution at a global level, and the issue is increasingly being observed in alignment with the budgets of organizations. Therefore, some financial institutions interested in regaining the confidence of their investors are voluntarily assuming a set of practices, initiatives, standards, and instruments of international support that take into account both the interest of the organization and the well-being of the interested parties in economic, social and environmental matters. This article focuses on the financial groups that make up the Sustainable Price and Quotation Index, where the evolution and maturity of the information published on their social responsibility practices are examined, and the economic benefit they obtain is evaluated. After the research, it is observed that belonging to a sustainable index contributes to the inclusion of best practices; however, no evidence belonging to the Sustainable IPC influences the economic benefit of the analyzed groups.

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“…These firms provide public information on their social, environmental and corporate governance (ESG) performance through the Yahoo! Finance website with data provided by Sustainalytics, Inc. 2 Table 1 shows the list of the 18 companies studied.…”

Section: Sample Hypothesis and Variablesmentioning

confidence: 99%

Efficiency Analysis of Mexican Stock Exchange Sustainable Firms

Reyes

Monge

Gutiñerrez

et al. 2021

REMEF

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This research aims at analyzing the impact that the variables of sustainable value generation (ESG) have on the efficiency of firms listed on the Mexican Stock Exchange Sustainable Index during the period 2014-2017. The non-parametric method of Data Envelopment Analysis (DEA) was used to determine their efficiency. Results indicate that, given the level of profitability, the variable that most affects the generation of sustainable value is corporate governance (G), followed by environmental (E) and social (S) practices. The main limitation of the study is the sample size. The originality of this paper lies in the fact that it determines corporate efficiency using financial performance as an input of a DEA model and sustainable value ratings as outputs. Conclusions show that corporate social responsibility activities may enhance firms’ sustainable efficiency. Therefore, it is proposed that corporate efficiency might be complemented by sustainable value measurements.

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La responsabilidad social corporativa y el desempeño financiero: un análisis en empresas mexicanas que cotizan en la bolsa

Cited by 18 publications

References 38 publications

Eco-Efficiency and Stock Market Volatility: Emerging Markets Analysis

Eco-Efficiency and Stock Market Volatility: Emerging Markets Analysis

Social Responsibility Practices as a Factor in Economic Benefits

Efficiency Analysis of Mexican Stock Exchange Sustainable Firms

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