Examinando por Materia "INVERSIONES - ASPECTOS AMBIENTALES"

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    El impacto de las prácticas ESG en el costo de capital (Ke) en las empresas del sector de hidrocarburos en Latam
    (Universidad EAFIT, 2025) Correa Buitrago, Santiago; Yepes Raigosa, David Alejandro
    This research evaluates the statistical relationship between ESG sustainability scores and the cost of equity (Ke) in the Latin American hydrocarbons sector. A panel data regression model (Ordinary Least Squares, OLS) was employed with macroeconomic and financial control variables, using data from 24 companies between 2015 and 2024. The empirical results indicate that the Environmental (E) and Social (S) factors do not exhibit a statistically significant relationship with Ke. However, the Governance (G) component did show a significant correlation. It is concluded that, in this regional sector, the investor's focus prioritizes the soundness of corporate governance as a risk mitigation mechanism in high-uncertainty environments.