Utilizar a norma SASB nos relatórios de sustentabilidade impacta o valor de mercado das empresas brasileiras de capital aberto?

Abstract

: This paper aims to analyze the relationship between the adoption of the SASB standard in sustainability reports released by publicly traded Brazilian companies and market value. The research carried out a quantitative approach, which analyzed the sustainability reports of 200 publicly traded companies, for which they released the report for the year 2022, and whether they responded to SASB. The proxy used to represent the market value was the market-to-book (MTB), as well as data analysis using multiple linear regression using the Ordinary Least Squares Method. The results indicate a statistically positive and significant association in market value for companies that disclosed and adopted the SASB standard. Due to the positive relationship, it can be understood that the published reports have an informational quality so that they can impact the market value. Furthermore, a statistically negative and significant association was also found between market value and loss.