https://repositorio.ufu.br/handle/123456789/5471 Tue, 21 Apr 2026 03:11:34 GMT 2026-04-21T03:11:34Z https://repositorio.ufu.br/handle/123456789/48553 Title: As relações entre as características do Conselho de Administração, o desempenho esg, o desempenho financeiro e suas implicações regionais Abstract: ABSTRACT Context: Environmental, social, and governance (ESG) issues have contributed to the financial performance of organizations; therefore, sustainability-related matters have become relevant to the development of governmental, business, and academic areas. At the heart of this transformation is the board of directors, whose decisions impact the quality of an organization's ESG performance. According to studies that addressed international samples, the influence of ESG performance extends to financial performance. Objective: The objective of this work is to analyze the relationships between the characteristics of the board of directors and ESG aspects, and subsequently to analyze the relationships between ESG practices and the financial performance of Brazilian non-financial publicly traded companies listed on the B3 stock exchange, and their regional implications. Method: The research is descriptive and quantitative. Data collection was carried out on the Thomson Reuters and Economática platforms. The sample consisted of 59 publicly traded, non-financial Brazilian companies, resulting in approximately 590 observations, covering the period from 2015 to 2024. Panel data regression was used as the econometric model. Results: The results indicate that board characteristics, such as independence and diversity, are essential for improving ESG performance; however, the relationship between ESG practices and financial performance in Brazilian companies is not statistically significant. Taken together, the findings indicate that, although the financial return of ESG may not yet be evident, strengthening corporate governance is a fundamental step in the development of ESG practices, generating benefits such as greater stakeholder confidence and preparing companies for long-term value creation. Research Alignment with the PPGAdm Concentration Area (Regionality and Management) and Research Line: This study aligns with the concentration area and the Organizational Management and Regionality research line, as it will analyze the relationships between board characteristics, ESG aspects, and financial performance, and their regional implications. Impact and Innovative Character in Intellectual Production: This research strengthens the literature and offers a new contribution to finance studies by exploring the combined impact of board characteristics, ESG factors, and financial performance among Brazilian companies, highlighting the differences that arise in the context of the emerging market. Among the main contributions of this study, it is noteworthy that the results provide practical implications for Brazilian companies seeking to align with sustainable development; therefore, the research offers recommendations for strengthening sustainable growth. Economic, Social, and Regional Impact: This work contributes to the advancement of knowledge for companies seeking to reconcile economic growth with social responsibility, thus strengthening the sustainable development of the regional economy. Furthermore, by encouraging improvements in ESG practices, research suggests that socially responsible companies tend to strengthen trust and transparency with their users. Regional Implications: Previous research on the influence of board characteristics on ESG performance has helped expand the understanding of how companies can effectively implement sustainable practices; however, the literature still presents gaps, as most studies focus on broad analyses that consider multiple countries. Therefore, in-depth research in the Brazilian context is of great importance for the sustainable development of the region. This study aims to fill this gap in the literature by investigating which characteristics of the board of directors influence ESG performance, analyzing both the overall score and each of its pillars individually, recognizing the particularities of each dimension in Brazilian companies. Regardless of the results obtained, this research seeks to encourage the adoption and improvement of ESG practices, contributing to the company establishing a positive reputation regarding sustainability and thus gaining the trust of its users. Sustainable Development Goals Addressed in the Research: This research aligns with Sustainable Development Goal (SDG) 17, which aims to "strengthen the means of implementation and revitalize the global partnership for sustainable development." By analyzing the relationships between board characteristics, ESG practices, and financial performance, the study provides relevant insights for promoting cooperation between different sectors and strengthening corporate governance focused on sustainability. In this way, it contributes to achieving these goals. Thu, 26 Feb 2026 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/48553 2026-02-26T00:00:00Z https://repositorio.ufu.br/handle/123456789/48492 Title: Mentalidade sustentável e o agronegócio: um estudo multicaso na região do Triângulo Mineiro Abstract: Context: The adoption of sustainable practices enables firms to contribute to the Sustainable Development Goals (SDGs), strengthen their market position, and respond to growing demands from consumers, investors, employees, and society. In this context, managers’ sustainability mindset plays a key role in translating sustainability principles into organizational practices. Objective: Considering the economic relevance and environmental impacts of agribusiness in Brazil, as well as the importance of the Triângulo Mineiro region in the national agribusiness context, this study aims to understand how the sustainability mindset of agribusiness managers is reflected in the sustainability of organizations located in this region. Method: A qualitative, descriptive study was conducted using a multiple case study strategy. Data were collected through document analysis and semi-structured interviews with managers directly involved in sustainable practices in the analyzed firms. Data were examined using content analysis, seeking to advance understanding of the role of the sustainability mindset in organizational decision-making and to provide practical insights for leadership development and sustainable strategies. Results: The findings indicate that managers’ sustainability mindset is reflected in organizational practices mainly associated with conceptions of sustainability focused on the continuity of productive activities and long-term economic viability. More structured practices are observed in the environmental dimension, while a “weak” sustainability approach prevails, characterized by the mitigation of negative impacts without structural changes in production and management models. Alignment with the Program’s Area of Concentration and Research Line: The study aligns with the program’s area of concentration in Regionality and Management by analyzing organizations located in the Triângulo Mineiro, a region strategically important to Brazilian agribusiness. It is also aligned with the research line Society, Development and Regionality by focusing on the individual level, taking managers as central actors and examining how their perceptions of sustainability influence organizational practices and their relationships with society. Impact and Innovative Character in Intellectual Production: The research advances theory by addressing the sustainability mindset in an organizational context, a topic still scarcely explored and predominantly investigated in academic settings. By applying this construct to agribusiness, the study provides empirical evidence of how managers’ mindsets are related to the incorporation of sustainability into organizational strategies. Economic, Social and Regional Impact: The results offer guidance for academic training, managerial development programs, and the improvement of sustainability strategies in regional agribusiness, contributing to more efficient use of natural resources, reduction of socio-environmental risks, and better relationships between firms, workers, and local communities. Regional Implications: The study provides evidence to support planning and sustainable management of agribusiness in the Triângulo Mineiro and in regions influenced by the Federal University of Uberlândia, highlighting limits and potentials of managerial action in addressing socio-environmental challenges. Sustainable Development Goals Addressed: The research is mainly related to SDG 12 – Responsible Consumption and Production, by analyzing strategies to mitigate environmental impacts; SDG 13 – Climate Action, by considering the role of agribusiness in emissions and climate adaptation; SDG 15 – Life on Land, by addressing implications of productive practices for soil use and biodiversity; and SDG 8 – Decent Work and Economic Growth, by understanding sustainability as a condition for long-term productive continuity and value generation in the regional context. Thu, 12 Feb 2026 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/48492 2026-02-12T00:00:00Z https://repositorio.ufu.br/handle/123456789/48271 Title: Tribunal da opinião pública em sessão: uma análise regional dos posicionamentos sobre irresponsabilidade corporativa Abstract: Contextualization: The research is developed in a context in which transnational corporations, whose practices frequently involve corporate crimes, are increasingly influential in shaping choices in human lives. These crimes, far from being isolated failures, are intrinsic to the logic of capital accumulation and, to some extent, normalized by the public, which pays more attention to street crimes. In this dissertation, public opinion is configured as a "Public Opinion Tribunal," an informal space of moral judgment that can pressure corporations with forceful positions or normalize corporate conduct. The study focuses on the food, pharmaceutical, and fast fashion industries, sectors with high recurrence of complaints involving slave labor, food insecurity, and public health damages. Objective: To identify and analyze the positions of public opinion in Uberlândia regarding corporate crimes committed by the food, pharmaceutical, and fast fashion industries. Method: This study is a qualitative research study with a critical and denunciatory content, aligned with Critical Management Studies (CMS). The methods and techniques used to compose the research corpus were: (1) documentary analysis of complaints and reports about corporate crimes; (2) analysis of 2,097 comments collected on Instagram, produced between 2010 and 2025, related to the companies Lindt, Nestlé, Johnson & Johnson, Purdue Pharma, Zara, and Shein; and (3) three focus groups conducted in Uberlândia with experts from multiple areas, totalling 22 participants. The corpus was examined through the Argumentative Technique of Perelman & Olbrechts-Tyteca. Results: Public opinion manifests three main types of positions: arguments that condemn, characterized by moral outrage and demands for accountability; arguments that defend, characterized by relativization strategies and blame transfer; and naturalization arguments, based on acceptance of criminal practices as inevitable consequences of capitalism. Research Alignment with the PPGAdm Concentration Area (Regionality and Management) and Research Line: This dissertation falls within the Concentration Area "Regionality and Management" of PPGAdm UFU/FAGEN by specifically investigating the positions of public opinion in Uberlândia regarding corporate crimes that, although committed by transnational corporations, produce direct and indirect impacts on the Triângulo Mineiro region. The research contributes to understanding contemporary social and cultural changes, reflecting on how the management model adopted by organizations influences and is influenced by individuals, in addition to discussing the need for transparency and corporate responsibility, contributing to the research line Society, Development, and Regionality. Impact and Innovative Character in Intellectual Production: The research expands the debate on corporate crimes from the perspective of public opinion, addressing collective representations of how these crimes are recognized, relativized, or naturalized, advancing theoretically by treating public opinion as an informal space capable of producing symbolic pressures or legitimizing harmful practices. Furthermore, theoretically, the research articulates fields that rarely dialogue: critical criminology and organizational studies, contributing to understanding corporate crimes as structural phenomena, not merely as deviations. The research focuses on three industries with high rates of corporate crime complaints, using the argumentative technique of Perelman & Olbrechts-Tyteca to analyze documents, social media comments, and focus groups. The research contributes by filling a gap in Brazilian literature on the relationship between corporate crimes and public opinion, and by articulating concepts of moral outrage and moral disengagement to understand how public reactions coexist in complex ways. Economic, Social, and Regional Impact: The research provides support for managers to recognize the impact of their actions and reevaluate organizational practices, aligning with the principles of human rights due diligence. The study contributes by pointing out that the economic and social impacts of corporate crimes are not abstract or distant but permeate regional daily life, influencing consumption practices, perceptions of social justice, and the response capacity of public authorities and civil society. By highlighting these dynamics, the research reinforces the relevance of situated critical approaches to understanding how the precariousness of life and work is produced, legitimized, and contested in regional spaces, in addition to contributing to expanding critical awareness about corporate crimes, stimulating debate in local communities, and encouraging reflections on the accountability of large industries. Regional Implications: By analyzing the arguments of public opinion in Uberlândia, the research indicates that, in the regional context, the so-called Public Opinion Tribunal operates ambivalently: while it produces discourses of moral indignation and demands for accountability, it also sustains strategies of relativization and acceptance of corporate crimes as inevitable consequences of capitalism. This finding deepens understanding of how economic violence and the precariousness of life are symbolically negotiated in regional spaces, contributing to a regional critical agenda in organizational studies. Additionally, the study offers support for reflection on public policies and organizational practices at the local level, indicating that the naturalization of corporate crimes may limit social pressure for regulation and oversight, while critical positions point to opportunities to strengthen regional initiatives for conscious consumption education and to confront rights violations in production chains. Sustainable Development Goals Addressed by the Research: The SDGs that are addressed are: SDG 12, Responsible Consumption and Production and its target 12.6: "Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle"; and SDG 16, Peace, Justice and Strong Institutions, covering targets 16.2: "End abuse, exploitation, trafficking and all forms of violence against and torture of children"; and 16.5: "Substantially reduce corruption and bribery in all their forms." Fri, 06 Feb 2026 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/48271 2026-02-06T00:00:00Z https://repositorio.ufu.br/handle/123456789/47958 Title: O impacto das finanças verdes no desempenho econômico e ambiental das empresas brasileiras: uma perspectiva ampla e regional Abstract: The objective of this study is to investigate the influence of green finance on the economic and environmental performance of companies through a two-stage complementary theoreticalempirical approach. In the first chapter, a bibliometric analysis of international scientific production on green finance, economic performance, and renewable energy is conducted, utilizing 477 articles indexed in the Web of Science and Scopus databases between 2021 and 2025. The study identified trends, key authors, and gaps, revealing a significant annual growth of 87.86% in publications, with China notably responsible for more than half of the global production. Recurring terms such as “green finance,” “renewable energy,” and “CO2 emissions” demonstrate the literature's focus on the connection between sustainable financing and the energy transition. The second chapter of the study, which is quantitative in nature, examines Brazilian companies listed on the B3 exchange using panel data and fixed-effects regressions. Economic performance was measured through ROA, ROE, and Tobin’s Q. The results indicate that green finance practices positively impact ROA, while investments in renewable energy demonstrate a significant positive relationship with the market value of companies listed on the B3. The findings suggest that the integration between green finance and economic performance is promising but requires institutional support and policies that strengthen the transition to a low-carbon economy. Fri, 12 Dec 2025 00:00:00 GMT https://repositorio.ufu.br/handle/123456789/47958 2025-12-12T00:00:00Z