Esg: The Social Valorization In Open Capital Companies In Brazil

The objective of this work is to investigate whether publicly traded companies in Brazil tend to be more committed to valuing the human capital of their workers, compared to companies from other legal regimes. As a complementary objective, this work investigates whether there is wage discrimination by gender and race within publicly traded companies in the country. To achieve the established objectives, this work uses the RAIS database, which contains complete information on formal workers in Brazil. The results found indicate that workers from publicly traded corporations with higher education receive 194% more than employees without schooling, showing that SAs value the accumulation of schooling. However, the results still indicate that men tend to receive more than women in all legal regimes and that the largest wage gap by race and sex was found in the executive branch. Thus, it is evident that there are gaps to be addressed about gender and racial wage differences within publicly traded companies in the country.