Empresas com transparência na divulgação dos relatórios contábeis apresentam melhores desempenhos, econômico-financeiro e de sustentabilidade?

Abstract

Based on the grounds, the holders present it by the goal for the purpose of identifying the vision between the indicators, considering the 2019 period as evidence of the Relationship between indicators, considering the 2019 period as evidencing the relationship between indicators, considering the period 2019-2021.Quantitative, descriptive and documental research techniques were applied, considering a sample composed of 19 awarded and 19 non-awarded companies included in the control group (Group 2). Mean differences test for two independent samples (Mann-Whitney) and correlation (Spearman; 5%) were applied. The results suggest that the companies awarded the Transparency Trophy (Group 1), which excel in the criteria of transparency and clarity of financial statements, do not differ significantly in economic-financial performance and ESG performance in relation to the control group. There was no significant correlation between economic-financial indicators and ESG for Group 1, but it was observed that companies with a higher level of corporate governance (B3) are more dependent on capital, with 95% confidence. This study contributes to the literature by showing that the greater interaction between the economic and non-economic performance indicators of the control group suggests that the companies awarded with the attributes of greater transparency and quality of the financial statements still do not have their economic performance associated significantly with its other CSR practices, although transparency and quality of financial statements are relevant to stakeholder decision making.