INTERNATIONALIZATION AND BUSINESS SUSTAINABILITY IN BRAZIL

Objective: Investigate the relationship between internationalization and corporate sustainability in companies listed in Brazil, Bolsa, Balcão (B3 S.A.). Method: The sample gathers 95 of the 100 companies listed in B3 S.A. with the highest market value, according to data extracted from Economática®. Data refer to the fiscal year 2017, being collected in November 2018, using the test of differences between means and logistic regression for quantitative analysis. Main results: The result of the test of differences between averages revealed that only companies internationalized through physical presence in other countries showed statistically significant differences regarding corporate sustainability, which was also ratified with the application of logistic regression, noting that internationalization through social capital and revenues has not shown a relationship with corporate sustainability. Thus, the research hypothesis that there is a positive relationship between internationalization and corporate sustainability in Brazil is rejected. Relevance/originality: The synergy between the two constructs - Internationalization and Business Sustainability -, evidenced in foreign research, has demonstrated the relevance of this debate. At the national level, in turn, no empirical evidence was found that dealt with the relationship between the variables studied. Theoretical/Methodological Contributions: The study of internationalization and corporate sustainability provides reflections on the pursuit of long-term value, thus allowing us to visualize the Stakeholder Theory, which holds that companies, in order to ensure long-term value, need to reconcile their interests. of the various stakeholders involved.