Mulheres no comando: A diversidade de gênero e a atuação de mulheres herdeiras afetam o desempenho de companhias listadas?

Abstract

This research verified the influence of gender diversity on the performance of listed companies in Brazil. Additionally, it was analyzed whether the existence of family connections between female directors and executives and their colleagues affected the firms’ performance. Data from 2010 to 2017 were used, analyzed with the generalized method of moments. Results showed that less than 8% of seats on boards of directors and executive positions were held by women. It was confirmed that greater female participation on boards of directors and on executive positions leads to an increase on the performance of firms. However, the effect of the participation of female directors and executives who had family connections with their colleagues was negative, opening space for discussion.