Purpose This study aims to elucidate the relationship between women's participation on the board of directors and the company's financial performance in a sample of 45 Colombian companies listed on the Colombia Stock Exchange (CSE) (Bolsa de Valores de Colombia). Design/methodology/approach Using 50,214 financial records of 45 companies listed on the CSE during 2008–2016, the authors performed panel data regressions to explore the relationship between the measures of gender diversity on boards and the impact on corporate financial performance. Findings The authors show that the participation and presence of at least one woman on the board of directors are positively associated with firm financial performance as measured by return on equity (ROE), but not as measured by Tobin’s Q. This second indicator is positively associated with firm financial performance when there are at least three female directors on boards of 10 or more individuals. Practical implications The findings also provide evidence supporting the development of managerial and organizational mechanisms that strengthen female presence at the highest level of governance. Originality/value The study demonstrates that female presence on boards has a positive impact on firms’ financial performance, but the degree of diversity impacts differently ROE and Tobin’s Q. These findings are based on a study of an emerging economy in Latin America, and data on similar economies are scarce.
Religion has historically been a pronatalist force, but because it fosters traditional gender role attitudes, its importance for fertility has the potential to wane if gender equality is emerging as the new natalism. We used World Values Survey (WVS) data from 1989 to 2020 to determine whether the religious fertility advantage has changed over the last three decades, with a particular focus on low-fertility countries where egalitarian gender role attitudes are most likely to support childbearing. The fertility advantage associated with holding traditional gender role attitudes has indeed decreased over time, but this had at best a minimal effect on the religious fertility advantage.
Las actuales circunstancias históricas y sociales, que evidencian un deterioro de la democracia y de la capacidad para actuar como ciudadanos críticos y reflexivos, exigen fortalecer tanto los ejercicios de formación ciudadana como el rol de los nuevos actores. Para el caso del actual ensayo se explora el rol de la familia en la educación cívica. El objetivo de este texto es mostrar que la familia es un ámbito educativo central en la formación de un conjunto de virtudes cívicas y, por ende, en el desarrollo de una capacidad ética de actuación política.
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