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Social and environmental responsibility and company\'s value: a data envelopment analysis in electrical power companies

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Author(s):
Naja Brandão Santana
Total Authors: 1
Document type: Master's Dissertation
Press: São Carlos.
Institution: Universidade de São Paulo (USP). Escola de Engenharia de São Carlos (EESC/SBD)
Defense date:
Examining board members:
Daisy Aparecida do Nascimento Rebelatto; Aldo Roberto Ometto; Ricardo Siloto da Silva
Advisor: Daisy Aparecida do Nascimento Rebelatto
Abstract

The social and environmental responsibility have taken a significant importance in the business environment, due mainly to context of Brazil\'s minimum state policies, which reduced the space for the paternalistic state to assist social needs. This has created a new scenario, in which the private segments started to take on this task along with society. Considering the idea of sustainable development, which aims at creating an economic model capable of generating wealth and welfare, and, at the same time promoting social cohesion and preventing environmental destruction, companies are being forced to serve, regarding their operation, the tripod of corporate sustainability: economic, social and environmental. The research here reported sought to examine how investments in social and environmental responsibility shares can be transformed into business opportunities for companies. So, the objective of this work is to identify the relationship between social and environmental responsibility investments and the company\'s value, in power dealer companies. The research method consisted of appling the data envelopment analysis (DEA) tool in 20 brazillian power dealer companies in the period between the years of 2002 and 2006. Research results let validate the assumption that investment in social and environmental responsibility is able to change positively the value of the company. Moreover, a gradual adoption of social and environmental actions by power dealer companies was seen in the period studied. (AU)