A diversidade de gênero nas juntas diretivas e a qualidade da informação financeira. Evidências do Mercado Integrado da América Latina (MILA)
DOI:
https://doi.org/10.17533/udea.rc.n72a08Palavras-chave:
qualidade da informação financeira, diversidade de gênero, juntas diretivas, América LatinaResumo
A diversidade de gênero das juntas diretivas é um assunto que recentemente vem adquirindo interesse na pesquisa das finanças corporativas. No entanto, existem poucos estudos que analisam sua influência sobre a qualidade da informação financeira nos mercados desenvolvidos. Esta situação não é melhor para os mercados emergentes, onde, exceto pela China, este tipo de estudos é quase inexistente. Desta maneira, esta pesquisa analisa a relação entre a diversidade de gênero das juntas diretivas e a qualidade da informação financeira na América Latina, com foco no Mercado Integrado da América Latina (MILA), que está composto por empresas cotadas na Bolsa de Valores do México, Chile, Peru e a Colômbia. Com uma base de dados de 361 observações do período compreendido entre os anos 2002 e 2014, este trabalho realiza regressões de mínimos quadrados ordinários (MCO) que dão conta de una relação com forma de U invertido entre a diversidade de gênero das juntas diretivas e a qualidade da informação financeira, depois de controlar por outras variáveis como o tamanho, alavancagem, ROA, fluxo de caixa operativo, perdas contábeis e indústria. Assim também os resultados mostram a existência de ummínimonível de diversidade de gênero, 30,8% dos integrantes da junta, a partir do qual entre mais mulheres integrem a junta diretiva, melhor será a qualidade da informação financeira das empresas.
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