Meneses Cerón, Luis Ángel; Gomez Lopez, Julian Mauricio; … - In: International Journal of Financial Studies : open … 14 (2026) 2, pp. 1-26
This study investigates the impact of ESG practices on the financial stability in a multisector sample of 86 publicly listed Brazilian firms, focusing on the Weighted Average Cost of Capital (WACC) and Altman Z-Score (AZS) as a proxy for insolvency risk. Using Bloomberg data from 2010 to 2021,...