Mulheres no conselho de administração e seu impacto no desempenho financeiro das empresas.

Abstract

The study aimed to verify whether the concentration of women on the boards of directors of companies with different levels of corporate governance at B3 impacts their financial performance. For theoretical basis, the stackeholder and agency theories were used, from the literature review we can identify that financial performance is linked to gender diversity. For this, data was collected from companies listed on B3 that had different levels of corporate governance with information from the years 2010 to 2021, through the FRE forms on the B3 website and also from the data contained in the Economatica database, companies were excluded. which presented the following criteria: financial companies, considering that they present different accounting characteristics from the others, and companies with negative equity, resulting in 229 companies analyzed. After collection, a panel data regression analysis was performed. The research has a descriptive and quantitative approach. As a result, we can verify a positive relationship in the analyzed samples, thus indicating that the presence of women in the councils increases the financial performance of the analyzed organizations. This research contributed to increase studies in this area that is still little explored and therefore, we cannot make conclusive decisions about what was analyzed.