IDEAS home Printed from https://ideas.repec.org/a/msn/rijrnl/v6y2021i2p80-100.html
   My bibliography  Save this article

Responsabilidad Social Empresarial, análisis de largo plazo del impacto sobre el desempeño financiero para empresas del IPC sustentable

Author

Listed:
  • Angelica Alonso Rivera

    (Departamento de Banca e Inversiones Universidad de las Américas Puebla)

  • Nora Gavira-Durón

    (Departamento de Banca e Inversiones Universidad de las Américas Puebla)

Abstract

El objetivo de la investigación es determinar si las compañías que han obtenido la certificación de sustentables han logrado una mejora en su desempeño financiero. Para ello se realiza un análisis descriptivo de largo plazo de los principales indicadores financieros relativos a rentabilidad, endeudamiento, ventas, crecimiento. Se seleccionó una muestra de 13 empresas que han cotizado permanentemente en el IPC sustentable desde su creación en 2011 hasta fines del 2019. Una aportación importante de esta investigación es el análisis de largo plazo ya que se toma un periodo que comprende desde el 2002 hasta el 2019. Los resultados sugieren que los efectos positivos derivados de la implementación de políticas relativas a la sustentabilidad empresarial, se diluyen en el largo plazo, resultado en una desaceleración del crecimiento empresarial y del volumen de ventas, disminución en los niveles de rentabilidad y mayores niveles de endeudamiento.

Suggested Citation

  • Angelica Alonso Rivera & Nora Gavira-Durón, 2021. "Responsabilidad Social Empresarial, análisis de largo plazo del impacto sobre el desempeño financiero para empresas del IPC sustentable," Revista de Investigación en Ciencias Contables y Administrativas, Universidad Michoacana de San Nicolás de Hidalgo, Facultad de Contaduría y Ciencias Administrativas, vol. 6(2), pages 80-100, July.
    • Handle: RePEc:msn:rijrnl:v:6:y:2021:i:2:p:80-100
    as

    Download full text from publisher

    File URL: https://ricca.umich.mx/index.php/ricca/article/view/62/68
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alonso-Almeida María del Mar & Rodríguez García Martha del Pilar & Cortez Alejandro Klender Aimer & Abreu Quintero José Luis, 2012. "La responsabilidad social corporativa y el desempeño financiero: un análisis en empresas mexicanas que cotizan en la bolsa," Contaduría y Administración, Accounting and Management, vol. 57(1), pages 53-77, enero-mar.
    2. Nora Gavira-Durón & Dolores Guadalupe Martínez Peña & Irma Cristina Espitia Moreno, 2020. "Determinantes financieras de la Sustentabilidad Corporativa de Empresas que cotizan en el IPC Sustentable de la BMV," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 15(2), pages 277-293, Abril - J.
    3. Robert G. Eccles & Ioannis Ioannou & George Serafeim, 2014. "The Impact of Corporate Sustainability on Organizational Processes and Performance," Management Science, INFORMS, vol. 60(11), pages 2835-2857, November.
    4. Pratima Bansal, 2005. "Evolving sustainably: a longitudinal study of corporate sustainable development," Strategic Management Journal, Wiley Blackwell, vol. 26(3), pages 197-218, March.
    5. Robert G. Eccles & Michael P. Krzus & Jean Rogers & George Serafeim, 2012. "The Need for Sector-Specific Materiality and Sustainability Reporting Standards," Journal of Applied Corporate Finance, Morgan Stanley, vol. 24(2), pages 65-71, June.
    6. Tracy Artiach & Darren Lee & David Nelson & Julie Walker, 2010. "The determinants of corporate sustainability performance," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(1), pages 31-51, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Angelica Alonso Rivera & Nora Gavira-Durón, 2021. "Responsabilidad Social Empresarial, análisis de largo plazo del impacto sobre el desempeño financiero para empresas del IPC sustentable," Revista de Investigación en Ciencias Contables y Administrativas, Universidad Michoacana de San Nicolás de Hidalgo, Facultad de Contaduría y Ciencias Administrativas, vol. 6(2), pages 80-100, July.
    2. Rick Hardcopf & Rachna Shah & Suvrat Dhanorkar, 2021. "The Impact of a Spill or Pollution Accident on Firm Environmental Activity: An Empirical Investigation," Production and Operations Management, Production and Operations Management Society, vol. 30(8), pages 2467-2491, August.
    3. Nour Chams & Josep García-Blandón & Khaled Hassan, 2021. "Role Reversal! Financial Performance as an Antecedent of ESG: The Moderating Effect of Total Quality Management," Sustainability, MDPI, vol. 13(13), pages 1-18, June.
    4. Thaís Vieira Nunhes & Merce Bernardo & Otávio José de Oliveira, 2020. "Rethinking the Way of Doing Business: A Reframe of Management Structures for Developing Corporate Sustainability," Sustainability, MDPI, vol. 12(3), pages 1-32, February.
    5. Janine Maniora, 2018. "Mismanagement of Sustainability: What Business Strategy Makes the Difference? Empirical Evidence from the USA," Journal of Business Ethics, Springer, vol. 152(4), pages 931-947, November.
    6. Samuel Benjamin & Mansi Mansi & Rakesh Pandey, 2020. "Board gender composition, board independence and sustainable supply chain responsibility," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(4), pages 3305-3339, December.
    7. Aseem Kaul & Jiao Luo, 2018. "An economic case for CSR: The comparative efficiency of for‐profit firms in meeting consumer demand for social goods," Strategic Management Journal, Wiley Blackwell, vol. 39(6), pages 1650-1677, June.
    8. Andrea Lučić, 2020. "Measuring Sustainable Marketing Orientation—Scale Development Process," Sustainability, MDPI, vol. 12(5), pages 1-22, February.
    9. Peter Kotzian, 2023. "Carrots or sticks? Inferring motives of corporate CSR Engagement from empirical data," Review of Managerial Science, Springer, vol. 17(8), pages 2921-2943, November.
    10. Dewan Muktadir‐Al‐Mukit & Firoz Haroon Bhaiyat, 2024. "Impact of corporate governance diversity on carbon emission under environmental policy via the mandatory nonfinancial reporting regulation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1397-1417, February.
    11. Eduardo Duque-Grisales & Javier Aguilera-Caracuel, 2021. "Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack," Journal of Business Ethics, Springer, vol. 168(2), pages 315-334, January.
    12. Frederik Dahlmann & Layla Branicki & Stephen Brammer, 2019. "Managing Carbon Aspirations: The Influence of Corporate Climate Change Targets on Environmental Performance," Journal of Business Ethics, Springer, vol. 158(1), pages 1-24, August.
    13. Hsiao-Yen Mao & Wen-Min Lu & Hsin-Yen Shieh, 2023. "Exploring the Influence of Environmental Investment on Multinational Enterprises’ Performance from the Sustainability and Marketability Efficiency Perspectives," Sustainability, MDPI, vol. 15(10), pages 1-23, May.
    14. Engida, Tadesse Getacher & Rao, Xudong & Oude Lansink, Alfons G.J.M., 2020. "A dynamic by-production framework for analyzing inefficiency associated with corporate social responsibility," European Journal of Operational Research, Elsevier, vol. 287(3), pages 1170-1179.
    15. Rimsha Naz & Danish Ahmed Siddiqui, 2021. "Exploring the Link between Corporate Reputation with Sustainability Leadership and Market Valuation: A Comparative Analysis of Award and Non-Award Companies in PSX," Global Journal of Educational Studies, Macrothink Institute, vol. 7(1), pages 19-53, June.
    16. Ho, Ly & Bai, Min & Lu, Yue & Qin, Yafeng, 2021. "The effect of corporate sustainability performance on leverage adjustments," The British Accounting Review, Elsevier, vol. 53(5).
    17. Yoojung Ahn, 2022. "A Socio-cognitive Model of Sustainability Performance: Linking CEO Career Experience, Social Ties, and Attention Breadth," Journal of Business Ethics, Springer, vol. 175(2), pages 303-321, January.
    18. Veda Fatmy & John Kihn & Jukka Sihvonen & Sami Vähämaa, 2022. "Does lesbian and gay friendliness pay off? A new look at LGBT policies and firm performance," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 213-242, March.
    19. Zhenjie Wang & Jiewei Zhang, 2023. "Nexus between corporate environmental performance and corporate environmental responsibility on innovation performance," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 11645-11672, October.
    20. Rodolphe Durand & Robert M. Grant & Tammy L. Madsen & Sinziana Dorobantu & Aseem Kaul & Bennet Zelner, 2017. "Nonmarket strategy research through the lens of new institutional economics: An integrative review and future directions," Strategic Management Journal, Wiley Blackwell, vol. 38(1), pages 114-140, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:msn:rijrnl:v:6:y:2021:i:2:p:80-100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/famicmx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.