A relação entre participação feminina no conselho de administração e no comitê de auditoria e o desempenho financeiro das empresas brasileiras de capital aberto

Abstract

This study presents an analysis of the relationship between female participation on the Board of Directors and in the Audit Committee and the financial performance of publicly traded Brazilian companies, listed at Novo Mercado, over the years of 2016, 2017 and 2018. It highlights the importance of woman’s presence in high positions and that there is an inequality between total membership and the number of women. It was performed a correlation by the Spearman method using the performance data and composition characteristics of the Board of Directors and of the Audit Committee. It infers that the female presence on the Board of Directors and the Audit Committee has a positive and weak correlation with the financial performance of Brazilian publicly traded companies belonging to the Novo Mercado level. Nevertheless, it could not be stated that there is cause and consequence in this relationship, since only for ROA variable the result presented reliability significance.