Keywords
board
corporate governance
diversity
financial performance
Brazil
How to Cite
Abstract
This research purports to measure the relationship between the professional diversity of the boards of directors and the financial performance of the Brazilian stock companies with a multiple regression model. Methodologically, this is study of a quantitative character with an explanatory scope and a transversal section; it concerns the companies listed in the Ibovespa index for the years 2017 and 2018. Likewise, these firm´s performance was measured through financial indicators, such as ROA, ROE and Profit Margin. The results reveal a diversified board of directors, but this is not statistically significant compared to the financial indicators ROA, ROE and Profit Margin for both years, that have reached a 95% confidence level. There is, however, an average of 87.4% professional diversity and 49.5% of postgraduate´s presence in the board of directors. The Engineering, Administration, Economy and Law areas predominate as important decision-making focus.
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