The Influence of State Property on the Disclosure of ESG Information by Companies in the Brazilian Capital Market
ESG. Public sector. Regression with panel data
This research project aims to analyze the influence of state ownership on the level of disclosure of information on ESG of Brazilian companies listed on Brasil, Bolsa, Balcão (B3) – official stock exchange in Brazil. In other words, it seeks to investigate the possible impact of the state shareholding structure on the disclosure of ESG (environmental, social and corporate governance) practices by such organizations. Therefore, concepts, theories and empirical studies related to the ESG theme were addressed, bringing them closer to the public sector perspective. Thus, a history of the ESG theme was carried out, by pointing out the meanings and results found in the literature. For the conclusion of the empirical study proposed here, information will be retrieved from various reports, such as the management report, reference form, financial statements and other sources to achieve the purpose of this study. Econometric procedures are used as a means of aiding in conducting a statistical analysis through linear regression with panel data, in order to test the research hypotheses and analyze the relationship between the phenomena studied. The contribution of this study lies in stimulating reflections on ESG policy within the scope of Public Administration, providing companies and other market participants with useful information and providing subsidies for new works in Brazil to be carried out in favor of the development of a socially responsible economy.