Abstract

BOLLAIN PARRA, Leticia; TORRE TORRES, Oscar Valdemar De la  and  MARTINEZ TORRE-ENCISO, María Isabel. A proof of the benefit of women's inclusion in senior management and the board of directors in exchange-traded mexican companies. Contad. Adm [online]. 2022, vol.67, n.4, pp.229-254.  Epub Mar 17, 2023. ISSN 0186-1042.  https://doi.org/10.22201/fca.24488410e.2022.4813.

In the present paper, we test the benefit of a higher presence of women on the board of directors or the senior management in Mexican exchange-traded companies. To perform our tests, we used panel data regressions with data from 2011 to 2019 (measuring the impact of the COVID-19 pandemics). We used the historic profitability (ROE), the general and pillar ESG scores, and the percentages of women in senior management and the board of directors. We found a positive and significant relationship between profitability and governance score and women's participation in senior management. We found that for each 1% increase in women's participation in senior management, the ROE increases by 0.27%.

Keywords : G10; G11; J16; J24; socially responsible investment; women inclusion in business; mexican stock exchange; ESG.