Avaliação da relação entre eficiência técnica e os fatores de governança corporativa, responsabilidade social e desempenho financeiro das empresas
uma abordagem combinada para análise envoltória e regressão de dados de rede
DOI:
https://doi.org/10.23925/2179-3565.2025v16i2p77-93Palavras-chave:
Eficiência técnica, Governança Corporativa, Responsabilidade social, Desempenho financeiroResumo
Este artigo utilizou o modelo de análise envoltória de dados de rede (uma técnica matemática) para calcular a eficiência técnica com o objetivo de avaliar sua relação com os fatores de governança corporativa, responsabilidade social e desempenho financeiro de empresas que operam na indústria de cimento, gesso e cal listadas na Bolsa de Valores de Teerã de 2013 a 2022. Um processo de análise de dados em duas etapas foi utilizado na pesquisa. Na primeira etapa, a eficiência técnica das empresas foi calculada por meio da aplicação da técnica matemática de análise envoltória de dados de rede. A segunda etapa foi focada no uso de métodos estatísticos para examinar a relação da eficiência técnica com os fatores de governança corporativa, responsabilidade social e desempenho financeiro das empresas estudadas. Nesta pesquisa, as variáveis duplo papel do CEO, remuneração do conselho de administração, substituição do CEO, qualidade da auditoria e gerenciamento de riscos foram consideradas como fatores de governança corporativa, e as variáveis retorno sobre ativos, Q de Tobin e patrimônio líquido foram consideradas como fatores de desempenho financeiro. Os resultados demonstraram uma relação significativa entre eficiência técnica e índices de retorno sobre ativos, patrimônio líquido, duplo papel do CEO, remuneração do conselho de administração, substituição do CEO, qualidade da auditoria e responsabilidade social. Verificou-se que a adesão das empresas aos mecanismos de governança corporativa e responsabilidade social pode melhorar sua eficiência técnica. Além disso, esses fatores têm o potencial de aprimorar os processos da empresa e melhorar o desempenho das empresas.
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