GENDER DIVERSITY AND ENVIRONMENTAL, SOCIAL AND GOVERNANCE DISCLOSURE: EVIDENCE FROM THE BRAZILIAN MARKET

Authors

DOI:

https://doi.org/10.22277/rgo.v16i1.7408

Abstract

Purpose: To analyze the relationship between gender diversity in governance structure and its effects on Brazilian companies' ESG disclosure over the last 10 years (2011-2020).

Method: We used a regression model with fixed effects panel data on a sample of 96 companies listed on B3. We used two proxies for diversity: the impact of a critical mass of women (minimum representation - three women) and the percentage of women over the total number of members of each governance structure.

Main findings: female participation in top management positions remains quite low. The results showed that the ESG disclosure of the analyzed entities is not influenced by the gender characteristic of the governance structure members.

Theoretical, practical/social contributions: The specific empirical results per governance body provide new insights linked to the influence of gender in different markets and are relevant for further investigations into this emerging theme.

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Author Biographies

Juliana Costa Ribeiro Prates, Universidade Federal de Minas Gerais (UFMG)

Ph.D. Candidate in Controllership and Accounting at the Federal University of Minas Gerais (UFMG) Ph.D. Visiting scholar at the University of Burgos - ERGO Research Group MSc Professor in Accounting

Bruna Camargos Avelino, Universidade Federal de Minas Gerais - UFMG

Doutora em Controladoria e Contabilidade pela Universidade de São Paulo (USP)

Professora Adjunta da Faculdade de Ciências Econômicas da Universidade Federal de Minas Gerais (UFMG) - PPGC/UFMG

Valéria Gama Fully Bressan, Universidade Federal de Minas Gerais - UFMG

Doutora em Economia pela Universidade Federal de Viçosa (UFV)

Professora Associada da Universidade Federal de Minas Gerais (UFMG) - PPGC/UFMG

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Published

2023-03-27

Issue

Vol. 16 No. 1 (2023): Temática Livre

Section

Papers

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