In recent decades, the convergence between environmental sustainability and financial performance has drawn considerable interest within the corporate sphere. This study delves into the relationship between ESG scores and the profitability (ROA) of companies listed on the Lima Stock Exchange (BVL), revealing significant patterns that underscore the strategic value of robust ESG management. The findings indicate that companies with high ESG scores, particularly in the environmental pillar, achieve higher profitability and exhibit reduced volatility, suggesting greater financial stability and lower perceived risk by investors. Environmental practices emerge as a key factor in beta reduction, while social and governance practices, although trending toward reduced volatility, do not show a statistically significant relationship. These insights reinforce previous research in Latin America and...

This research aims to contribute to the literature on corporate governance and its relationship with innovation, focusing on multilatinas during the period 2010-2020. The study explores how certain board characteristics influence innovation, corporate reputation, and financial performance. Special attention is given to a broad concept of board diversity, extending beyond demographic aspects. Data from publicly listed multilatinas, many of which are controlled by family groups or the state, were analyzed. The results show that despite regulatory changes in the region, board diversity has experienced little variation during the studied period. Director independence and innovation decisions are positively associated with company value. However, CEO duality—where the CEO also chairs the board—and female participation on boards seem to have a negative impact on the financial performance o...