Glass ceiling in board charges and its impact on organizational performance

Abstract

The research sought to identify the incidence of glass ceiling in board positions and its impact on the organizational performance of Brazilian publicly traded companies. For its operation, a quantitative approach was adopted, analyzing 61 companies with high volume of trading (IBrX 100) on the Brazilian Stock Exchange. It was found that institutional investors do not create barriers to the valuation of the companies that promote gender equality in board positions, ie, that have women working in executive positions, advice and chair. We conclude that, when not imposed glass ceiling in management positions and the board of directors, the companies analyzed have better financial and economic performance, when compared to those that do not have women in such positions. As an example, it was found that the proportion of women on the board influences the return on equity, and the proportion of women in management influence on the market value.

Keywords

• Glass ceiling
• Conselhos corporativos
• Cargos de board
• Desempenho organizacional