Share:

An Analysis of the Determinants of Corporate Social Responsibility of Brazilian Firms

Downloads

Download data is not yet available.

Abstract

This work makes an analysis of the determinants of Corporate Social Responsibility (CSR) of Brazilian firms, as proxied by firm membership of the ISE Index of BM&FBOVESPA. Besides other proposed determinants of CSR present in the literature (firm size, profitability, growth opportunities), the work examines ownership concentration and the persistence on CSR status. Logit regression estimates have been run for a sample of 1649 firm-year observations in the period 2006-2011. The findings show that CSR of Brazilian firms is inversely correlated to its ownership concentration indicating that controlling voting shareholders may not see social concerns as a priority. Besides, firms tend to maintain their present CSR status. The results also indicate that leading CSR firms are larger, face more growth opportunities, and are persistent in their superior CSR situation.

Keyword : Corporate social performance, Determinants, Ownership concentration, Brazil

How to Cite
Crisóstomo, V. L., & Oliveira, M. R. (2016). An Analysis of the Determinants of Corporate Social Responsibility of Brazilian Firms. Brazilian Business Review, 13(4), 72-93. https://doi.org/10.15728/bbr.2016.13.4.4
  Submitted
Jun 5, 2018
Published
Jul 1, 2016
Abstract Views
662
PDF English Downloads
157
PDF Português (Português (Brasil)) Downloads
170

Send mail to Author


Send Cancel