Board gender diversity and cost of debt financing: Evidence from Latin American and the Caribbean firms

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dc.contributor.affiliationGonzalez-Ruiz, J.D., Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Grupo de Investigación en Finanzas y Sostenibilidad, Universidad Nacional de Colombia, Sede Medellín, Medellín, Colombia
dc.contributor.affiliationMarín-Rodríguez, N.J., Programa de Ingeniería Financiera, Facultad de Ingenierías, Grupo de Investigación en Ingeniería Financiera GINIF, Universidad de Medellín, Antioquia, Medellín, Colombia
dc.contributor.affiliationPeña, A., Departamento de Contaduría, Grupo de Investigación en Información y Gestión, Universidad EAFIT, Medellín, Colombia
dc.contributor.authorGonzalez-Ruiz J.D
dc.contributor.authorMarín-Rodríguez N.J
dc.contributor.authorPeña A.
dc.date.accessioned2024-07-31T21:06:51Z
dc.date.available2024-07-31T21:06:51Z
dc.date.issued2024
dc.descriptionThis 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. © 2023 Wiley Periodicals LLC.
dc.identifier.doi10.1002/jcaf.22683
dc.identifier.instnameinstname:Universidad de Medellínspa
dc.identifier.issn10448136
dc.identifier.reponamereponame:Repositorio Institucional Universidad de Medellínspa
dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.urihttp://hdl.handle.net/11407/8407
dc.language.isoeng
dc.publisherJohn Wiley and Sons Incspa
dc.publisher.facultyFacultad de Ingenieríasspa
dc.publisher.programIngeniería Financieraspa
dc.relation.citationendpage244
dc.relation.citationissue2
dc.relation.citationstartpage224
dc.relation.citationvolume35
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85178240995&doi=10.1002%2fjcaf.22683&partnerID=40&md5=5962d4d9813968bb6a5d45b62e476134
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dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.sourceJournal of Corporate Accounting and Finance
dc.sourceJ. corp. account. finance
dc.sourceScopus
dc.subjectBoard gender diversityeng
dc.subjectCorporate governanceeng
dc.subjectCost of debteng
dc.subjectESGeng
dc.subjectFinancingeng
dc.subjectLatin Americaeng
dc.subjectSustainabilityeng
dc.titleBoard gender diversity and cost of debt financing: Evidence from Latin American and the Caribbean firmseng
dc.typearticle
dc.type.localArtículospa
dc.type.versioninfo:eu-repo/semantics/publishedVersion

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