The impact of the diversity of the board of directors in the adoption of risk management and control practices
The objective of this study is to analyze the incidence of board diversity in the adoption of management practices and risk control of 236 Chilean public limited companies in the period 2015-2019. For this, a descriptive-correlational study was carried out, considering the diversity of gender, natio...
| Main Authors: | , , , |
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| Format: | Online |
| Language: | Spanish English |
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Universidad Nacional de Misiones - Facultad de Ciencias Económicas
2024
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| Subjects: | |
| Online Access: | https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/841 |
| _version_ | 1824325962688364544 |
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| author | Godoy Ávila, Pablo Esteban Vera Ibar, Pamela Alejandra Arenas Torres, Felipe Eduardo Santander Ramírez, Valentín Adolfo |
| author_facet | Godoy Ávila, Pablo Esteban Vera Ibar, Pamela Alejandra Arenas Torres, Felipe Eduardo Santander Ramírez, Valentín Adolfo |
| author_sort | Godoy Ávila, Pablo Esteban |
| collection | Revista Vision de Futuro |
| description | The objective of this study is to analyze the incidence of board diversity in the adoption of management practices and risk control of 236 Chilean public limited companies in the period 2015-2019. For this, a descriptive-correlational study was carried out, considering the diversity of gender, nationality, and age of the board of directors, and the degree of adoption of risk management and control practices proposed by the local regulator. Through a regression analysis between the study variables, it was shown that diversity of gender and nationality has a positive and significant impact on the adoption of risk management and control practices, but not age diversity, which does not have a significant impact on the adoption of risk management and control practices. It was concluded that the boards do not present a tendency towards heterogeneity in their conformation, being composed chiefly of male directors of Chilean nationality and in an age range between 50 and 70 years, leaving evidence of stagnation in the diversity rates of this decision-making body, as well as the low adoption of corporate practices related to risk control and management in companies in the Chilean stock market. |
| format | Online |
| id | ojs-article-841 |
| institution | Facultad de Ciencias Economicas |
| language | Spanish English |
| publishDate | 2024 |
| publisher | Universidad Nacional de Misiones - Facultad de Ciencias Económicas |
| record_format | ojs |
| spelling | ojs-article-8412024-06-12T15:00:25Z The impact of the diversity of the board of directors in the adoption of risk management and control practices La incidencia de la diversidad del directorio en la adopción de prácticas de gestión y control de riesgos Godoy Ávila, Pablo Esteban Vera Ibar, Pamela Alejandra Arenas Torres, Felipe Eduardo Santander Ramírez, Valentín Adolfo Gobierno corporativo, Diversidad, Control de riesgos, Gestión de riesgos. Corporate governance, Diversity, Risk control, Risk management. The objective of this study is to analyze the incidence of board diversity in the adoption of management practices and risk control of 236 Chilean public limited companies in the period 2015-2019. For this, a descriptive-correlational study was carried out, considering the diversity of gender, nationality, and age of the board of directors, and the degree of adoption of risk management and control practices proposed by the local regulator. Through a regression analysis between the study variables, it was shown that diversity of gender and nationality has a positive and significant impact on the adoption of risk management and control practices, but not age diversity, which does not have a significant impact on the adoption of risk management and control practices. It was concluded that the boards do not present a tendency towards heterogeneity in their conformation, being composed chiefly of male directors of Chilean nationality and in an age range between 50 and 70 years, leaving evidence of stagnation in the diversity rates of this decision-making body, as well as the low adoption of corporate practices related to risk control and management in companies in the Chilean stock market. La presente investigación tiene como objetivo analizar la incidencia de la diversidad del directorio en la adopción de prácticas de gestión y control de riesgos de 236 sociedades anónimas chilenas durante el periodo 2015-2019. Para ello, se realizó un estudio descriptivo-correlacional, considerando la diversidad de género, nacionalidad y edad del directorio, como también el grado de adopción a las practicas de gestión y control de riesgo, propuestas por el regulador local. A través de un análisis de regresión entre las variables de estudio, se observó que la diversidad de género y nacionalidad incide positiva y significativamente en la adopción de prácticas de gestión y control de riesgos, no así la diversidad de edad, la cual no tiene un impacto significativo en la adopción de prácticas de gestión y control de riesgos. Además, se concluyó que los directorios no presentan una tendencia hacia la heterogeneidad en su conformación, estando compuestos en su mayoría por consejeros de género masculino, de nacionalidad chilena y en un rango etario entre los 50 y 70 años, dejando en evidencia el estancamiento en las tasas de diversidad de este órgano tomador de decisiones, como también la baja adopción de prácticas corporativas relacionadas al control y gestión de riesgos en las principales empresas del mercado accionario chileno. Universidad Nacional de Misiones - Facultad de Ciencias Económicas 2024-06-10 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf application/pdf https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/841 Scientific Journal Visión de Futuro; Vol. 28 No. 2 (2024): July / December Visión de Futuro; Vol. 28 No. 2 (2024): Julio / Diciembre Revista Científica Visión de Futuro; Vol. 28 Núm. 2 (2024): Julio / Diciembre 1668-8708 1669-7634 spa eng https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/841/884 https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/841/885 Derechos de autor 2024 Pablo Esteban Godoy Ávila, Pamela Alejandra Vera Ibar, Felipe Eduardo Arenas Torres, Valentín Adolfo Santander Ramírez https://creativecommons.org/licenses/by-nc/2.5/ar/ |
| spellingShingle | Gobierno corporativo, Diversidad, Control de riesgos, Gestión de riesgos. Corporate governance, Diversity, Risk control, Risk management. Godoy Ávila, Pablo Esteban Vera Ibar, Pamela Alejandra Arenas Torres, Felipe Eduardo Santander Ramírez, Valentín Adolfo The impact of the diversity of the board of directors in the adoption of risk management and control practices |
| title | The impact of the diversity of the board of directors in the adoption of risk management and control practices |
| title_alt | La incidencia de la diversidad del directorio en la adopción de prácticas de gestión y control de riesgos |
| title_full | The impact of the diversity of the board of directors in the adoption of risk management and control practices |
| title_fullStr | The impact of the diversity of the board of directors in the adoption of risk management and control practices |
| title_full_unstemmed | The impact of the diversity of the board of directors in the adoption of risk management and control practices |
| title_short | The impact of the diversity of the board of directors in the adoption of risk management and control practices |
| title_sort | impact of the diversity of the board of directors in the adoption of risk management and control practices |
| topic | Gobierno corporativo, Diversidad, Control de riesgos, Gestión de riesgos. Corporate governance, Diversity, Risk control, Risk management. |
| topic_facet | Gobierno corporativo, Diversidad, Control de riesgos, Gestión de riesgos. Corporate governance, Diversity, Risk control, Risk management. |
| url | https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/841 |
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