Relação entre a participação feminina na administração superior, das empresas da Carteira ISE-2022 e os indicadores de desempenho econômico-financeiro e ESG

Abstract

From the perspective of stakeholders, the presence of women at the highest-level increases transparency and corporate social responsibility (CSR) practices. In this direction, this study aims to investigate the relationship between women's participation in higher administration and economic-financial and non-financial indicators. The methodological approach was structured by quantitative, descriptive and documentary research techniques, with a sample composed of 33 companies included in the ISE-2022 Portfolio, with data treated using descriptive statistics and correlation (Spearman; 5%), in the period 2019- 2021. The results indicate a reduction in the number of high-ranking people, during the pandemic period, with an increase in female participation. On average, economic performance showed positive profitability and profitability, with a high share of third-party capital and high data variability. While the ESG indicators reveal good performance in environmental, social and corporate governance practices, with an above-average degree of transparency. The relationship between female participation in senior management ESG corporate governance was positive and significant. The participation of women on the board showed an inverse and significant relationship with B3's corporate governance segmentation. And female participation in the fiscal council showed a significant positive relationship with ROA. Therefore, this research contributes to the literature by showing the growth of female participation for this select group of companies in the pandemic period, even in the face of the reduction of high-level members and stakeholders, confirms that female participation contributes to corporate governance.