VAS and ESG score: a correlational analysis of oil companies listed on B3
VASとESGスコア：B3上場石油企業の相関分析 (AI 翻訳)
Giovana Fernandes Porto, Dilo Sérgio de Carvalho Vianna, J. De Souza Queiroz, Weslei Camelo Lopes, Liege Moraes do Carmo
🤖 gxceed AI 要約
日本語
本研究は、ブラジルの石油・ガス企業の付加価値報告書（VAS）とESGスコアの関係を2018-2022年について分析。結果、内部創出価値とESGパフォーマンスの正の関係、株主への価値分配とESGスコアの負の関係を発見。環境・社会側面で有意な相関が見られたが、ガバナンス側面では有意でなかった。
English
This study analyzes the relationship between Value Added Statement indicators and ESG scores of Brazilian oil and gas companies from 2018-2022. Findings show positive associations between internally generated value and ESG performance, and negative association with shareholder distribution. Environmental and social dimensions were significant, governance not.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
ブラジルの事例だが、VASとESGスコアの関連を探る点で、統合報告や非財務情報開示の実証研究として日本企業にも示唆がある。
In the global GX context
This paper provides empirical evidence from an emerging market (Brazil) on how value distribution metrics relate to ESG scores, contributing to the global literature on stakeholder theory and disclosure. It may offer comparative insights for companies in high-impact sectors.
👥 読者別の含意
🔬研究者:Useful for researchers interested in ESG-financial performance correlation, especially in emerging markets and the oil sector.
🏢実務担当者:Corporate sustainability teams may find the link between value distribution and ESG scores relevant for stakeholder communication.
📄 Abstract（原文）
Purpose: This study aims to analyze the relationship between value distribution indicators reported in the Value Added Statement (VAS) and ESG scores of Brazilian oil and gas companies listed on B3, covering the period from 2018 to 2022. Methodology: The research is classified as descriptive, documentary, and quantitative. Data were collected from companies’ financial statements and the Refinitiv Eikon database. The analysis was conducted using descriptive statistics, Pearson and Spearman correlation tests, and multiple linear regression models, including control variables related to firm size, leverage, and financial performance. Results: The results indicated statistically significant associations in bivariate analyses, particularly in the environmental and social dimensions, which proved to be more limited when examined in multivariate models. A positive relationship was identified between internally generated value and ESG performance, as well as between value distribution to government and ESG indicators. Conversely, value distribution to shareholders showed a negative relationship with ESG scores. No significant associations were found between VAS indicators and the governance dimension. Contributions of the Study: This study contributes to the literature by integrating accounting-based value distribution metrics with ESG indicators, grounded in stakeholder, legitimacy, and voluntary disclosure theories. Additionally, it advances empirical research by focusing on a high environmental impact sector, providing evidence that may support managers and investors in understanding the interaction between financial performance and sustainability practices.
🔗 Provenance — このレコードを発見したソース
- openalex https://doaj.org/article/cea463da68da42e0983b7caeee137379first seen 2026-07-18 06:41:19
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。