Mulheres CEO (Chief Executive Officer) e CFO (Chief Financial Officer): influência da presença feminina na qualidade dos accruals

Abstract

The presence of women in the positions of executive board, senior management and councils has pointed to a significant influence in the reduction of company discretionary accruals. The study started from the assumptions evidenced in hypotheses H1a and H1b that companies with female CEO and/or CFO have less discretionary accruals and so, a higher earnings quality. The empirical model was applied to a sample of 170 non-financial companies listed in B3 S/A – Brasil, Bolsa, Balcao from 2013 to 2018. The results reject H1a. The findings do not reject H1b, that is, there was a significant influence of the female CEO with the decrease in the discretion of accruals, which results in better earnings quality. The survey also recorded the total number of women as CEOs and CFOs, with 25 (2.68%) and 72 (7.73%), respectively, totaling 97 women in both positions.