Incorporación de la perspectiva de género en las políticas de dividendos: implicaciones sobre la solvencia financiera y el rendimiento accionario de las empresas ecuatorianas del sector CIIU M69, durante el periodo 2018 - 2024

Abstract

Abstract: Gender diversity on corporate governance bodies is a strategic factor that can influence a company s financial performance. For this reason, this study analyzes the representation of the gender perspective in corporate governance structures and leadership in dividend policies, and its relationship with the solvency and stock returns of Ecuadorian companies in the M69 subsector during the 2018 2024 period. Based on 140 observations and using descriptive statistics and non-parametric Kruskal Wallis tests, it was found that female representation does not exceed 22.1% in any leadership role. Furthermore, statistical tests reveal considerable differences in equity debt and leverage depending on the leader s gender. However, the ROA and ROE indicators do not show statistically significant differences during the study period. Overall, it is concluded that gender diversity influences financial structure and that women tend to adopt a more conservative management style.