Women in leadership positions and corporate sustainability: evidence on listed companies from Colombia and Chile

Authors

  • Carolina Reyes Bastidas Estudiante de Posgrado, Centro de Investigación y Estudios de Posgrado, Facultad de Contaduría y Administración, Universidad Autónoma de San Luis Potosí, San Luis Potosí, México.
  • Guadalupe del Carmen Briano-Turrent, Ph.D. Profesor-investigador, Centro de Investigación y Estudios de Posgrado, Facultad de Contaduría y Administración, Universidad Autónoma de San Luis Potosí, San Luis Potosí, México. http://orcid.org/0000-0001-8241-0385

DOI:

https://doi.org/10.18046/j.estger.2018.149.2877

Keywords:

Gender, Sustainability, Stakeholders theory, Latin America

Abstract

Based on the stakeholders theory, this study aims to analyze the influence of the gender variable in executive boards and chief executive officer positions on sustainability and corporate social responsibility (CSR) practices adopted by listed companies in Colombia and Chile. A sustainability index is proposed based on the Global Reporting Initiative that integrates the environmental, social and economic dimensions. The results, obtained through a panel data model composed of 491 observations during 2011-2016, show that women’s participation has a positive impact on the economic dimension (profitability and liquidity), while the environmental and social dimensions are decreased when women are in a leading position. It is necessary to promote greater female participation in strategic positions in order to increase their representation in the Latin American context.

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Published

2018-12-19

Issue

Section

Research articles

How to Cite

Women in leadership positions and corporate sustainability: evidence on listed companies from Colombia and Chile. (2018). Estudios Gerenciales, 34(149), 385-398. https://doi.org/10.18046/j.estger.2018.149.2877