THE FEMALE PARTICIPATION IN THE ACADEMIC PRODUCTION ON CAPITAL STRUCTURE IN BRAZILIAN JOURNALS

Abstract

Capital structure is one of the central themes in corporate finance studies. In addition to the development of theories aimed at explaining how firms adjust and choose the financing sources of investments, a broad range of empirical research has also been developed to verify the behavior and determinants of the capital structure. Despite this interest in the subject, few studies have focused on the characteristics of this academic production, especially work on female participation. Thus, this paper aims to analyze the female participation in academic production on capital structure in Brazilian periodicals. The collection of articles that dealt with the theme of capital structure was done through the portals Portal Periódicos / Capes, SciELO and SPELL. The non-probabilistic sample, obtained from the search in the databases, comprised 195 articles, written by 412 authors from 97 different institutions, published by 66 journals. Through the bibliometric analysis of the characteristics of these articles, it was observed that the female participation is smaller than the male participation in the scientific production on capital structure in the research sample. The main findings of the research identified that only 29% of the authors of the articles are women; that historically female participation is lower than male participation; that authors prefer to produce their articles in partnership, the more authors there are in an article, the greater the presence of women in this article; the highest titers had a smaller contingent of female detainers; of the most productive authors, only three are women; female participation was higher than male participation in only two of the 11 most representative institutions; even in the geographical distribution, the male participation surpasses the female participation.