Abstract

GAVIRA-DURON, Nora; MARTINEZ PENA, Dolores Guadalupe  and  ESPITIA MORENO, Irma Cristina. Financial Determinants of the Corporate Sustainability of Companies listed in the Sustainable IPC of the BMV. Rev. mex. econ. finanz [online]. 2020, vol.15, n.2, pp.277-293.  Epub Nov 25, 2020. ISSN 2448-6795.  https://doi.org/10.21919/remef.v15i2.485.

The objective of the present research is to observe if the following five indicators from companies listed on the Mexican Sustainability Index (IPCS): return on assests (ROA), Quick-ratio (quickr), total assests (tactivos). Earnings Before Interest, Tax, Depreciation, Amortization Margin (ebitdam) and z-score (zaltman) have an impact on: environment index (IA), social responsibility index (IS), corporate governance (IGC) and sustainability index (DSC), through panel data model using least squared, fixed effects in crossed sections and periods using EVIEWS 9. The findings show that tactivos and zaltman were the significative variables, indicating a negative correlation between them and DSC, IA, IS e IGC. The findings suggest that all companies listed should be assessed in the future when more data is available. The limitations of this study are: the small size of the sample and just a single model in consequence the results are inconclusive nevertheless the work is relevant since these variables have not been studied in the Mexican scenario. Another conclusion is that the companies listed have extra costs derived from pertaining to the present index.

Keywords : C02; C13; C51; Q50; Q56; Sustainable IPC; environmental performance; social responsibility; corporate governance; financial performance.

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