Disclosure of corporate information on the website of Mexican listed companies: status and developments
DOI:
https://doi.org/10.36791/tcg.v7i21sept-dic.182Keywords:
Disclosure, internet, México, transparencyAbstract
This paper adopts the stakeholder and the critical mass theories to study the relationship between the female participation on the boards and the financial performance of listed firms in Mexico (RoA, RoE, liquidity and share price). The research contributes to
the Latin American literature in the field of gender diversity and corporate governance. Through a panel data and a sample of study composed bt 667 year observations during the 2013-2019 period, the results show a limited progress of the female representation on the boards; going from 5% in 2013 to 7% in 2019, that is, just an increase of 2% in the last six years; while only 4.5% of the companies have at least three women participating in the boards. Econometric analysis shows
that the presence of women on the board increases return on equity (ROE), although its effect is not significant on return on assets (ROA), liquidity or share price. It is necessary to generate strategies and laws that motivate to a higher representation of women on
the boards.
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References
AECA [ASOCIACIÓN ESPAÑOLA DE CONTABILIDAD Y ADMINISTRACIÓN DE EMPRESAS]. (2002).
Código de buenas prácticas para la divulgación de información financiera en Internet. (Ed) AECA, Madrid 47p.
AECA. (2008). El Nuevo modelo de empresa y de su gobierno en la economía actual. (Ed) AECA,
Madrid 59p.
Ahmed, A., Tahat, Y., Burton, B., y Dunne, T. (2015). “The value relevance of corporate Internet reporting: The case of Egypt”. Advances in accounting, 31(2), pp. 188-196. DOI: https://doi.org/10.1016/j.adiac.2015.09.004
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Copyright (c) 2022 María Eugenia De La Rosa Leal
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