Consecuencias de las prácticas de sostenibilidad en el coste de capital y en la reputación corporativa

Effect of sustainable practices on capital costs and corporate reputation

Autores/as

DOI: https://doi.org/10.1016/j.rcsar.2013.08.008
Palabras clave: Responsabilidad social corporativa, Coste de capital, Reputación corporativa

Resumen

El objetivo de esta investigación es clarificar el efecto que las prácticas sostenibles generan en el coste de capital y en la reputación corporativa, al ser prácticas percibidas por los inversores y el mercado y que generan un impacto a nivel económico y financiero. Las hipótesis son testadas para una muestra compuesta por 1.757 empresas internacionales, cotizadas y no financieras. Dicha muestra está constituida por un total de 8.785 observaciones pertenecientes a 25 países y una región administrativa especial de la República Popular China (Hong Kong) para el periodo 2006-2010.Los resultados tras aplicar una metodología para datos de panel confirman cómo las prácticas de sostenibilidad son valoradas positivamente por los inversores y otros stakeholders, generando un efecto positivo en la reputación empresarial y un menor coste de capital.

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Biografía del autor/a

Jennifer Martínez-Ferrero

Assistantprofessor

Multidisciplinary Institute of Enterprise (MIE), Facultad de Economía y Empresa
Campus Unamuno
Campus Unamuno
Salamanca
37007
SPAIN

Citas

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Publicado
01-07-2014
Cómo citar
Martínez-Ferrero, J. (2014). Consecuencias de las prácticas de sostenibilidad en el coste de capital y en la reputación corporativa: Effect of sustainable practices on capital costs and corporate reputation. Revista De Contabilidad - Spanish Accounting Review, 17(2), 153-162. https://doi.org/10.1016/j.rcsar.2013.08.008
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