Relationship between financial performance and corporative governance of mining, oil and gas companies

Autor: Patricia Mendonça Maia Bernardes, Nilson Brandalise, Andrei Bonamigo
Jazyk: portugalština
Rok vydání: 2024
Předmět:
Zdroj: Gestão & Produção, Vol 31 (2024)
Druh dokumentu: article
ISSN: 1806-9649
DOI: 10.1590/1806-9649-2024v31e0224
Popis: Abstract Sustainability in global business has been recognized as a fundamental element for the competitiveness of organizations. However, studies that relate governance and sustainability criteria to the financial performance of such organizations appear ambiguous, inconclusive, or contradictory. This research aims to assess the relationship between the incorporation of ESG criteria and the financial performance of companies in the mining, oil, and gas sector. To achieve this, a systematic literature review was conducted, followed by content analysis. The results obtained show that the social component increases the company's value, and the environmental and governance components do not decrease it. This study represents a contribution by filling a gap in the literature on the relationship between the adoption of ESG criteria by sector companies and their financial performance. Additionally, it serves as a starting point for future research in related areas, providing information and evidence on these relationships and paving the way for a better understanding of the impacts of ESG practices on corporate finance.
Databáze: Directory of Open Access Journals