INTANGIBLE RESOURCES AND THE RELATIONSHIP BETWEEN SOCIAL PERFORMANCE AND FINANCIAL PERFORMANCE IN BRAZILIAN COMPANIES

Authors

DOI:

https://doi.org/10.19094/contextus.v17i3.41743

Keywords:

corporate social performance; corporate financial performance; intangible resources; stakeholders; corporate sustainability index

Abstract

The relationship between corporate social performance and corporate financial performance (CSP-CFP) is studied as a direct relationship, and little is known about the variables that may mediate this relationship. Given this context, the objective of this research is to test whether intangible resources mediate the CSP-CFP relationship in companies in Brazil. A sample of 230 companies listed in 2013 on the Bolsa, Brasil, Balcão (B3) was analyzed. The hypotheses were tested by multiple regressions using the Least Squares Method (OLS). The results confirm the hypothesis that there is a positive relationship between CSP and CFP and that intangible resources mediate this relationship. The study contributes the finding, in the sample analyzed in the Brazilian context, that companies that presented superior social performance, which led to the development of intangible resources, obtained superior financial performance.

Author Biographies

Simone R. Barakat, Universidade Anhembi Morumbi

Mestre e Doutora em Administração pela FEA/USP

Professora do Programa de Pós-graduação em Hospitalidade da Universidade Anhembi Morumbi

Keysa Manuela Cunha de Mascena, Programa de Pós-graduação em Administração da Universidade de Fortaleza (UNIFOR)

Mestre e Doutora em Administração pela FEA/USP.

Professora do Programa de Pós-graduação em Administração da Universidade de Fortaleza (UNIFOR)

Greici Sarturi, Departamento de Administração da Universidade Federal de Santa Maria (UFSM)

Mestre am Administração pela UFSM.

Doutora em Administração pela FEA/USP.

Professora Adjunta do Departamento de Administração da Universidade Federal de Santa Maria (UFSM)

Pedro Issao Takenouchi, Universidade de São Paulo (USP)

Mestre em Administração pela FEA-USP

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Published

2019-12-20

How to Cite

R. Barakat, S., Cunha de Mascena, K. M. ., Sarturi, G. ., & Takenouchi, P. I. (2019). INTANGIBLE RESOURCES AND THE RELATIONSHIP BETWEEN SOCIAL PERFORMANCE AND FINANCIAL PERFORMANCE IN BRAZILIAN COMPANIES. Contextus - Contemporary Journal of Economics and Management, 17(3), 40–65. https://doi.org/10.19094/contextus.v17i3.41743

Issue

Vol. 17 No. 3: set/dez 2019

Section

Articles

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