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Determinants of Companies¡¯ Board Composition in Emerging Markets

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  • Leticia L. N. Bellato

Abstract

This paper examines the determinants of female board representation for a sample of Brazilian listed companies for the year of 2018. Using count data models, we find that greater firm size, performance and board size lead to higher woman representation on companies¡¯ boards. Also, that private control is associated with a lower number of women on boards. Most studies related to board composition focus on independent directors and are conducted in a developed countries¡¯ setting. This work contributes to the extant literature in understanding what drives woman representation on corporate boards in an emerging market context and also would help to support the definition and implementation of gender diversity policies by showing possible impacts.

Suggested Citation

  • Leticia L. N. Bellato, 2021. "Determinants of Companies¡¯ Board Composition in Emerging Markets," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 12(5), pages 17-25, September.
    • Handle: RePEc:jfr:ijba11:v:12:y:2021:i:5:p:17-25
    DOI: 10.5430/ijba.v12n5p17
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    References listed on IDEAS

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    1. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    2. Ye, Dezhu & Deng, Jie & Liu, Yi & Szewczyk, Samuel H. & Chen, Xiao, 2019. "Does board gender diversity increase dividend payouts? Analysis of global evidence," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 1-26.
    3. Michael N. Young & Mike W. Peng & David Ahlstrom & Garry D. Bruton & Yi Jiang, 2008. "Corporate Governance in Emerging Economies: A Review of the Principal–Principal Perspective," Journal of Management Studies, Wiley Blackwell, vol. 45(1), pages 196-220, January.
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