Examinando por Materia "Social and environmental performance"

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    Análisis de la relación entre la orientación social y ambiental y el desempeño financiero de las empresas en el mercado latinoamericano
    (Universidad EAFIT, 2025) Ramírez Aristizábal, Sebastián; Téllez Falla, Diego Fernando
    This study examines the relationship between environmental and social orientation and financial performance in companies from the Latin American Integrated Market (MILA) in 2023. Using textual analysis of 95 annual report CEO letters and financial data from Economática, social and environmental orientation was quantified via Moss et al.’s (2018) dictionary. The results revealed no statistically significant correlations between the socio-environmental variables and financial metrics, though weak trends emerged: negative coefficients for the environmental dimension and positive ones for the social dimension. Traditional factors like leverage and firm size were found to be strong predictors of financial performance. These findings underscore the complexity of linking ESG practices to profitability in emerging markets, where conventional financial drivers still prevail. The study contributes evidence to inform better ESG communication strategies and suggests that future research should integrate verified ESG metrics and longitudinal approaches to more fully capture these dynamics.