Prado, MelissaMacanhan, Ana Carolina2023-07-282023-07-282023-01-112022-02-16http://hdl.handle.net/10362/155921The following study examines the relationship between gender diversity in the board of directors and stock returns on companies in the S&P500 Index. For this purpose, a regression analysis analyzes which variables impact stock returns and learn if gender quotas affect stock returns. This study found that investing only in companies in the top percentile of women on board does not deliver superior returns. Furthermore, OLS and differences-in-differences regression show that gender diversity and gender quota do not influence stock returns.engGender diversityGender quotasStock returnsFinancial performanceCorporate governanceBoard of directorsmaster thesis203311981