Board diversity and firm performance: an empirical investigation in the Brazilian market
This article investigates the diversity of the boards of directors of Brazilian companies listed on the BM&FBovespa with respect to gender, age, educational attainment and independence, to ascertain whether there is a relationship between any of these diversity measures and firm performance. The...
Guardado en:
| Autores principales: | , |
|---|---|
| Formato: | article |
| Lenguaje: | EN PT |
| Publicado: |
FUCAPE Business School
2012
|
| Materias: | |
| Acceso en línea: | https://doaj.org/article/82f94c3b02ad45f4a3690ae0bb9ed4c6 |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| id |
oai:doaj.org-article:82f94c3b02ad45f4a3690ae0bb9ed4c6 |
|---|---|
| record_format |
dspace |
| spelling |
oai:doaj.org-article:82f94c3b02ad45f4a3690ae0bb9ed4c62021-11-11T15:48:05ZBoard diversity and firm performance: an empirical investigation in the Brazilian market1807-734Xhttps://doaj.org/article/82f94c3b02ad45f4a3690ae0bb9ed4c62012-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123040843003https://doaj.org/toc/1807-734XThis article investigates the diversity of the boards of directors of Brazilian companies listed on the BM&FBovespa with respect to gender, age, educational attainment and independence, to ascertain whether there is a relationship between any of these diversity measures and firm performance. The study covers all companies without majority control, a type of corporate structure that first appeared in Brazil in 2005. The results indicate that greater diversity in the educational disciplines and the presence or absence of independent board members negatively affect performance, while diversity in years of schooling has a positive effect. The presence of women board members is small, but firms that have at least one female director outperform those that do not.João Batista FragaVinícius Augusto Brunassi SilvaFUCAPE Business Schoolarticlecorporate governanceboard of directorsdiversitymajority controlBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Iss 1, Pp 55-77 (2012) |
| institution |
DOAJ |
| collection |
DOAJ |
| language |
EN PT |
| topic |
corporate governance board of directors diversity majority control Business HF5001-6182 |
| spellingShingle |
corporate governance board of directors diversity majority control Business HF5001-6182 João Batista Fraga Vinícius Augusto Brunassi Silva Board diversity and firm performance: an empirical investigation in the Brazilian market |
| description |
This article investigates the diversity of the boards of directors of Brazilian companies listed on the BM&FBovespa with respect to gender, age, educational attainment and independence, to ascertain whether there is a relationship between any of these diversity measures and firm performance. The study covers all companies without majority control, a type of corporate structure that first appeared in Brazil in 2005. The results indicate that greater diversity in the educational disciplines and the presence or absence of independent board members negatively affect performance, while diversity in years of schooling has a positive effect. The presence of women board members is small, but firms that have at least one female director outperform those that do not. |
| format |
article |
| author |
João Batista Fraga Vinícius Augusto Brunassi Silva |
| author_facet |
João Batista Fraga Vinícius Augusto Brunassi Silva |
| author_sort |
João Batista Fraga |
| title |
Board diversity and firm performance: an empirical investigation in the Brazilian market |
| title_short |
Board diversity and firm performance: an empirical investigation in the Brazilian market |
| title_full |
Board diversity and firm performance: an empirical investigation in the Brazilian market |
| title_fullStr |
Board diversity and firm performance: an empirical investigation in the Brazilian market |
| title_full_unstemmed |
Board diversity and firm performance: an empirical investigation in the Brazilian market |
| title_sort |
board diversity and firm performance: an empirical investigation in the brazilian market |
| publisher |
FUCAPE Business School |
| publishDate |
2012 |
| url |
https://doaj.org/article/82f94c3b02ad45f4a3690ae0bb9ed4c6 |
| work_keys_str_mv |
AT joaobatistafraga boarddiversityandfirmperformanceanempiricalinvestigationinthebrazilianmarket AT viniciusaugustobrunassisilva boarddiversityandfirmperformanceanempiricalinvestigationinthebrazilianmarket |
| _version_ |
1718433897835921408 |