Sustentabilidade e Valor
o ESG aumenta o preço das ações das empresas têxteis?
DOI:
https://doi.org/10.16930/2237-766220253630Palavras-chave:
ESG, Indústria têxtil, Investimentos sustentáveis, Value relevanceResumo
Este estudo examina a relação entre as práticas ambientais, sociais e de governança (ESG) e os preços das ações no setor têxtil. Foram utilizados dados de Refinitiv Eikon (2005-2022), com amostra final de 669 observações relativas a 103 empresas. Os dados foram tratados em painel de dados, incluindo modelos Generalized Least Squares (GLS), Panel-Corrected Standard Errors (PCSE), and Two-Stage Least Squares (2SLS). Os resultados mostram consistentemente uma relação positiva entre as práticas ESG e os preços das ações, indicando que os investidores valorizam a sustentabilidade. Os resultados mostram que os pilares social e ambiental apresentam maior explicação do preço das ações. Esse setor é um dos maiores poluentes ambientais, ao mesmo tempo em que possui significativa relevância econômica. Nesse contexto, este estudo preenche essa lacuna, demonstrando que a adoção de práticas ESG no setor têxtil aumenta os preços das ações e contribui para o desenvolvimento sustentável do setor. Isso pode fornecer base sólida para decisões de investimento e formulação de estratégias corporativas.
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