Responsabilidad social empresarial y el desempeño financiero en las firmas para América Latina : el efecto del género en la junta directiva

Abstract

Recent advances in business organizational forms and the importance of corporate social responsibility have changed organizations' approaches to diversity and the inclusion of women on boards of directors. This article examines the literature on women's participation in the labor market (Gasparini et al., 2015) and their participation on boards of directors in Latin America analyze their impact on firms' economic performance. The analysis includes an assessment of the economic behavior of major companies in Colombia, Chile, Mexico, and Peru using statistical clustering models and principal component analysis. Additionally, econometric models are employed to establish a causal relationship between the profile of women in leadership positions and economic performance measured through CSR. Different findings were obtained for each country, emphasizing the significance of women's experience and education in attaining leadership roles in these countries.