Responsabilidade social corporativa e o desempenho financeiro de empresas da Bolsa de valores brasileira durante a pandemia da Covid-19

Abstract

This study examines the relationship between Corporate Social Responsibility (CSR) and the financial performance of companies listed on the Brazilian stock exchange during the Covid-19 pandemic, focusing on ESG indices and participation in the ISE-B3 portfolio. Financial and social responsibility performance data from the pre-pandemic period (2018-2019) and the pandemic period (2021-2022) were compared. The results indicated that aggregate corporate social responsibility scores (ESGC) did not show significant variations during the pandemic, although ISE-B3 companies demonstrated greater consistency in their indicators. The relationship between ESG and financial performance proved to be mixed, suggesting that the environmental, social, and governance dimensions influence performance in distinct ways. This study contributes to understanding the impact of exogenous events on corporate social responsibility in emerging markets, providing insights for the development of more effective business strategies and public policies.