拉丁美洲的可持续实践和财务绩效:环境得分分析

Revista CEA Pub Date : 2023-09-30 DOI:10.22430/24223182.2792
Camila Ospina-Patiño, Juan David González-Ruiz, Nini Johana Marín-Rodríguez
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引用次数: 0

摘要

目的:本研究探讨拉丁美洲企业环境得分与财务绩效之间的关系。设计/方法:本研究使用包含2015年至2020年期间372家公司的1708个观察数据集,采用面板数据分析来调查环境得分与资产回报率(ROA)之间的关系。研究结果:实证研究结果表明,当前拉丁美洲的环境绩效对企业财务绩效的影响有限。然而,在巴西、墨西哥和智利取得了积极成果,这些国家成功地将环境实践和财政成果结合起来。结论:通过考察环境、社会和治理(ESG)得分,特别是环境得分对拉美公司总资产回报率的影响,本研究有助于更好地理解该地区可持续性与财务绩效之间的复杂关系。此外,它还强调了拉丁美洲公司在将环境绩效与盈利能力相结合方面所面临的挑战和机遇。根据调查结果,应制定加强战略和机制,以弥合环境和财务成果之间的差距。虽然拉丁美洲在就环境做法达成共识方面取得了进展,但仍然迫切需要制定强有力的战略,有效地将可持续性和盈利能力结合起来。独创性:本研究为决策者、投资者和公司提供了有价值的见解,帮助他们了解拉丁美洲可持续性与财务成功之间的相互作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Sustainable Practices and Financial Performance in Latin America: An Analysis of Environmental Scores
Purpose: This study explored the relationship between environmental scores and financial performance in Latin American firms. Design/Methodology: Using a dataset encompassing 1 708 observations from 372 firms between 2015 and 2020, this study employed panel data analysis to investigate the relationship between environmental scores and Return on Assets (ROA). Findings: The empirical findings indicate that the current environmental performance in Latin America has a limited impact on firms’ financial performance. However, positive results were observed in Brazil, Mexico, and Chile, where environmental practices and financial outcomes have been successfully integrated. Conclusions: By examining the influence of Environmental, Social, and Governance (ESG) scores, particularly environmental scores, on ROA in Latin American firms, this study contributes to better understanding the complex relationship between sustainability and financial performance in the region. In addition, it underscores both the challenges and opportunities that Latin American firms face in aligning environmental performance with profitability. According to the findings, enhanced strategies and mechanisms should be developed to bridge the gap between environmental and financial outcomes. While Latin America has made progress in establishing consensus on environmental practices, there remains a pressing need to develop robust strategies that effectively integrate sustainability and profitability. Originality: This study provides valuable insights for policymakers, investors, and firms seeking to navigate the interplay between sustainability and financial success in Latin America.
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