Importancia 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 G45, durante el el periodo 2018 - 2024

Abstract

Abstract: This study analyzes the representation of gender perspectives in the governance and leadership structures of dividend policies, and their relationship to the solvency and stock returns of Ecuadorian companies in ISIC sub-sector G45 during the period 2018 2024. The methodology was quantitative and correlational in nature; 140 companies that reported complete information to the Superintendency of Companies, Securities, and Insurance were analyzed. The main results indicate that female representation in executive positions does not exceed 21% in any role and that women control 7.82% of total share capital. Furthermore, 95% of companies did not pay dividends, with a median payout ratio of zero. However, a comparison of means reveals that companies with female leadership exhibit better financial indicators, including a higher dividend yield (0.11 versus 0.04) and the only positive ROE recorded (0.03 versus 0.83). In conclusion, there is a positive association between female representation on boards of directors and indicators of solvency and shareholder returns.