Corporate governance: diversity and financial performance. The case of non-financial companies in Chile; [Governança corporativa: diversidade e desempenho financeiro. O caso de empresas não financeiras no Chile]; [Gobierno Corporativo: Diversidad y Rendimiento Financiero. El Caso de Empresas No Financieras en Chile]

Paper Details

Authors: Martín P.S.; Sabaletta-Farías S.; Rebolledo-Aburto G.; Severino-González P.; Irribarra F.

DOI: 10.58416/GCG.2026.V20.N1.03

Journal: Journal Globalization, Competitiveness and Governability

Year: 2026

Publisher: Georgetown University

Document Type: Article

Open Access: All Open Access; Gold Open Access

Cited by: 0

Abstract

The study of diversity on the board of directors of companies has taken on greater relevance due to the possible implications on the financial performance of companies. The objective of this research is to analyze the relationship between diversity and gender equity on the board of directors with respect to the financial performance of non-financial companies in Chile. Descriptive statistics, measures of central tendencies, correlations and panel data regressions were applied considering a sample of 100 companies. It is evident that gender has no influence on financial performance, but the equity and presence of women on the board of directors negatively affects the financial performance of companies. © (2026), (Georgetown University). All rights reserved.

Keywords

board of directors; conselho de administração; Corporate governance; desempeño financiero; directorio corporativo; diversidad de género; diversidade de gênero; financial performance; firm value; gender diversity; Gobierno corporativo; Palavras-clave Governança corporativa; resultados financeiros; valor de la empresa

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