董事会性别多样性与债务融资成本:来自拉丁美洲和加勒比地区企业的证据

IF 0.9 Q3 BUSINESS, FINANCE
Juan David Gonzalez-Ruiz, Nini Johana Marín-Rodríguez, Alejandro Peña
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引用次数: 0

摘要

本研究探讨了拉美和加勒比地区企业董事会性别多样性与债务融资成本之间的关系。我们使用 Eikon Refinitiv Thomson Reuters 数据库中 2016-2021 年期间 470 家公司的数据,建立了模糊逻辑自动编码器模型。我们的研究结果表明,在分析期间,独立董事会、政策董事会多样性、可持续发展目标 5、高管性别多样性和治理等变量对降低短期和长期债务成本具有持续的影响。因此,将女性纳入董事会的潜在好处有利于提高公司声誉,从而降低债务成本。研究结果为研究人员和投资者提供了有价值的见解,有助于他们了解董事会成员在企业中的作用及其财务影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Board gender diversity and cost of debt financing: Evidence from Latin American and the Caribbean firms

This research examines the relationship between board gender diversity and the cost of debt financing in Latin American and Caribbean firms. We implement the Fuzzy Logistic Autoencoder model, using data for 470 firms spanning 2016–2021 from the Eikon Refinitiv Thomson Reuters database. Our findings suggest that the variables independent board, policy board diversity, sustainable development goal 5, executive gender diversity, and governance consistently demonstrated effects on reducing the short-term and long-term debt cost over the period analyzed. Consequently, the potential benefits of including women on the board of directors are conducive to improving the firm's reputation, which materializes in reducing the cost of debt. The results offer valuable insights to researchers and investors seeking to understand the role of BGD composition within firms and its financial impact.

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来源期刊
CiteScore
2.30
自引率
7.10%
发文量
69
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