| dc.description.abstract | This dissertation seeks to determine the cause and effect relationship between the variables environmental investment and economic performance. To do so, the Granger causality test was used, considering the data of 97 companies that compose the Bovespa and published their environmental investments according to the IBASE social report or the Global Reporting Initiative (GRI) Sustainability Report. The indicators that represented the environmental investment were the Environmental Indicator of the IBASE Social Balance and the item EN30 and EN31 of the GRI. In order to analyze the economic performance, Return on Equity (ROE) and Return on Assets (ROA) were used. The oldest year in which information was obtained that contemplated the environmental investment was the year of 1996, the period of analysis then being from 1996 to 2017. The results obtained indicate that the economic performance determines the environmental investments, to 10% of significance, if the ROA indicator is used in the operation. For the ROE indicator, the cause and effect relationship could not be determined. | |
