Características observables del CFO brasileño y la rentabilidad: un análisis a la luz de la Teoría de los Echels Superiores
DOI:
https://doi.org/10.21680/2176-9036.2026v18n2ID39033Palabras clave:
Director financiero, Teoría de los niveles superiores, RentabilidadResumen
Objetivo: Analizar la asociación entre el perfil del director financiero de las empresas no financieras brasileñas que poseen las acciones más negociadas en B3 y su desempeño organizacional.
Metodología: Se realizó un análisis de 79 empresas no financieras con las acciones más negociadas en B3, verificando, mediante estadística descriptiva, correlación y regresión de datos de panel, la existencia de asociación entre la rentabilidad y las características de su CFO.
Resultados: Los resultados indican que las características que resultaron ser estadísticamente significativas en relación a la rentabilidad (ROA) fueron: nivel educativo, mostrando una relación positiva. El endeudamiento de la entidad demostró tener una relación inversa, es decir, cuanto mayor es el nivel de endeudamiento de la entidad, menor es la rentabilidad observada.
Contribuciones del Estudio: Esta investigación contribuye teóricamente al ampliar el ámbito de aplicación de la Teoría de Alto Nivel, poniendo a prueba sus supuestos en un país emergente y durante un período marcado por importantes shocks económicos. Desde una perspectiva práctica, los resultados proporcionan información para que empresas, juntas directivas y grupos de interés comprendan cómo el perfil de los directores financieros puede asociarse con el desempeño organizacional.
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