The relevance of accounting information and the corporate social responsibility of Brazilian companies

Abstract

This study aimed to analyze the relationship between Corporate Social Responsibility (CSR) and the relevance of the accounting information of Brazilian companies. In order to do that, a descriptive, documentary and quantitative approach was carried out through the use of panel data regression. The study took place from 2011 to 2015 and consisted of 294 companies, divided into 53 companies that disclosed Social Balance Sheet (IBASE), 26 companies listed in the Corporate Sustainability Index (ISE) and 215 companies that do not fit the IBASE and ISE requirements. The results of the study revealed that CSR was positively related to the relevance of the accounting information. Thus, it is concluded that information of a socio-environmental nature is perceived by investors as relevant in their decision-making, buying or selling corporate holdings. It is important to note that companies invest in CSR and later report it in their reports, which can improve the quality of accounting information and reduce the cost of capital of companies, as well as benefit society and the environment through practices more ethical and responsible.

Keywords: relevance of accounting information, corporate social responsibility, quality of accounting information, Brazilian companies.