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This study aims to identify the effect of board diversity on environmental policy in Latin American companies. This research focuses on 11 industrial sectors in Brazil, Mexico, and Chile that took into consideration a broader extension of environmental policy, involving practices regarding resource use, emissions reduction, and innovation. Drawing on corporate governance (CG) and corporate social responsibility (CSR) relationships, a regression analysis was conducted with 1214 firm‐year observations from 181 companies. Our results indicate that the predominantly weak CG in Latin America might favour the use of manipulative environmental policy decisions. Board diversity does not have a relevant influence on CSR activities, as environmental issues are only taken into account so far as the cost of natural resources, while issues such as environmental innovation and reducing emission are not part of the agenda. In Brazil and Chile, independent directors have no significant effect on environmental policy decisions, while in Mexico, a less independent board grants managers greater discretion to establish an environmental policy, whereas in all three countries, board gender diversity has no significant effect. The theoretical insights drawn from this study reinforce that board composition, as an internal CG mechanism, is insufficient to overcome the institutional voids and give protagonist to sustainability issues in Latin America, reiterating the need for more robust CG mechanisms to coerce CSR. [ABSTRACT FROM AUTHOR]

Copyright of Exacta is the property of Exacta - Engenharia de Producao and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista Catarinense da Ciência Contábil is the property of Conselho Regional de Contabildade de Santa Catarina and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper analyzes the reaction of the capital market after the environmental accident of the mining company Samarco. Samarco is organized as a joint venture between the Brazilian company Vale and the Anglo-Australian company BHP Billiton. The technique of event study was used to calculate the systematic risk (beta) and to evaluate the variations in the return of the shares of companies of the mining sector of the Brazilian and Australian capital markets. Data for the study were obtained from the BM & FBOVESPA for Brazilian companies and the Australian Securities Exchange (ASX) for Australian businesses, throughout the year 2015. The survey results show that in Brazil, just Vale company showed a decline beta coefficient. In the case of Australian companies there was a decline in systematic risk for companies BHP Billiton, Rio Tinto and NCM. The disruption of the Samarco mining dam Fundão has entered into the role of global environmental disasters. However, the economic, environmental, and social impacts were quickly absorbed by the capital market, and did not affect the value of the shares of mining companies in the sector in Brazil and Australia in the long run. [ABSTRACT FROM AUTHOR]

Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: To explore financial alternatives to implement PV power generation projects based on the provisions of Normative Resolution n. 482/2012 of the Brazilian Electricity Regulatory Agency (Aneel). This regulation sets forth the general conditions to the access of microand minigeneration granted to the electric energy distribution systems through the energy product offset method. Originality/gap/relevance/implications: This paper discusses the need for regulatory changes, greater government participation in the granting of financial and tax incentives so that PV solar power technology in distributed generation can be financially viable for residential consumers. Key methodological aspects: Investment analysis in PV systems used the Net Present Value (NPV) valuation method. The research assessed two scenarios for Grid-Connected PV Systems (GCPVSs), with different solar power usage levels for a residential consumer. Summary of key results: The results point to a low financial viability in the implementation of distributed microgeneration projects, suggesting the need to remove the tax burden and reduce financing costs. Key considerations/conclusions: The study shows the need of flexibilization of the Brazilian regulatory model, with changes that enable the expansion of renewable energy offers, with positive economic outcomes for tariff affordability. Tariff benefits from distributed microgeneration can positively reflect on captive customers, provided that investment risks are reduced. [ABSTRACT FROM AUTHOR]

Copyright of REGE Revista de Gestão is the property of Emerald Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista Pensamento Contemporâneo em Administração is the property of Universidade Federal Fluminense (Revista Pensamento Contemporaneo em Administracao) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Gestão Ambiental e Sustentabilidade (GeAS) is the property of Revista de Gestao Ambiental e Sustentabilidade / UNINOVE and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)