Board Composition and Gender Diversity: Comparison of Turkish and Nigerian Listed Companies

Şener, İrge; Karaye, Abubakar Balarabe

doi:10.1016/j.sbspro.2014.09.112

Cited by 27 publications

(29 citation statements)

References 31 publications

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“…The CBN through its banker's committee imposes mandatory quota target on deposit money banks. The aim is to increase women's representation on companies' boards to 30 percent (Şener and Karaye, 2014). Therefore, considering the recent changes in Nigerian gender diversity policies and also the view of stakeholder theory which supports a positive association between board diversity and firm performance, this study expects women on board to have a positive and significant effect on firm performance.…”

Section: Women On Boardmentioning

confidence: 91%

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Board Heterogeneity and Corporate Performance of Firms in Nigeria

Onyali¹,

Okerekeoti²

2018

IJARAFMS

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The study ascertained the effect of board heterogeneity on performance of firms in Nigeria. Specifically, the study examined the effect of board size, women on board and board independence on return on assets of listed manufacturing firms on Nigerian Stock Exchange. The study adopted Ex-post facto research design. Population of the study is made up of seventy six manufacturing firms listed on the Nigerian Stock Exchange as at the year, 2016 while thirty two firms was used as sample of the study. The secondary data used in the study were sourced from the publications of Nigeria Stock Exchange and annual reports of the sampled firms. Multiple regression analysis with the aid of E-View 9.0 statistical software was used for data analysis. Findings of the study revealed that board size, women on board and board independence have significant and positive effect on return on assets of manufacturing firms listed on Nigerian Stock Exchange. Based on this, the study recommended among others that Firms should endeavor to diversify their board for improved groupthink and board effectiveness.

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Section: Women On Boardmentioning

confidence: 91%

“…However, this perception is gradually fading out. As such the significance of gender diversity is nowadays becoming obvious and visible (Şener and Karaye, 2014). An example is the recent measure put in place by the Central Bank of Nigeria (CBN) to boost female representation in board formation in the country.…”

Section: Women On Boardmentioning

confidence: 99%

Board Heterogeneity and Corporate Performance of Firms in Nigeria

Onyali¹,

Okerekeoti²

2018

IJARAFMS

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“…In Nigeria, despite the commitment of the government to gender equality, the practical situation is characterized with sexual stereotyping of social roles, discriminatory traditions and cultural prejudices (Lincoln & Adedoyin, 2012). This could also be attributed to the national cultural perspective of the country, which places 'men as the leaders of the society' is one of crucial factor which limits female participation in top leadership positions (Şener & Karaye, 2014). Nigeria is a highly patriarchal society with men dominating, thus women are mostly under-represented in managerial role, because of the socio-cultural traditions which inhibit them (Lincoln & Adedoyin, 2012).…”

Section: Introductionmentioning

confidence: 99%

Corporate Board Diversity and Sustainability Reporting: A Study of Selected Listed Manufacturing Firms in Nigeria

Anazonwu

Egbunike

Gunardi

2018

IJSAM

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The objective of the study is to ascertain the influence of corporate board diversity on sustainability reporting on a sample of quoted manufacturing firms in Nigeria. The study adopts a panel research design. The population of the study comprised quoted manufacturing companies on the Nigerian Stock Exchange. This was restricted to companies classified under conglomerates, consumer goods, and, industrial goods sector. The study used secondary data, extracted from the annual reports of the studied manufacturing companies. Fixed effects panel regression analysis was used to test the hypotheses. The dependent variable sustainability reporting was measured using an Economic, Social, and Governance (ESG) index, the independent variables were board member nationality, proportion of women directors, proportion of non-executive directors, and multiple directorships. The results show no significant positive influence of board member nationality, while proportion of women directors, proportion of non-executive directors, and multiple directorships were significant. The study recommends among others, the adoption of NSE Sustainability Disclosure Guidelines for a unified integrated reporting framework for Nigerian firms, secondly, a heterogeneous board composition, which can leverage on the diverse set of skills of board members.

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“…According to research conducted by Şener, & Karaye, in 2014 [66], The inclusion of women among Board members of a company have been noticed to have a good consequence on a company's financial performance. Women have better attendance record of board meetings compared to men thereby increasing the assurance of all parties to a company [43].…”

Section: Problem Statementmentioning

confidence: 99%

“…Regulators and academics have emphasized board diversification due to the collapse of some giant companies and corporate scandals [66]. Developed countries such as UK, USA, and European countries research Gender diversity.…”

Section: Introductionmentioning

confidence: 99%

Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria

Olufemi¹

2021

EBM

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Gender diversity is becoming an issue for boards of companies, regulators, and investors worldwide. Nigeria is not an exception. It is assumed that board gender diversity significantly improves corporate governance and financial performance. Recently, women in both senate and House of representative met and agreed to pursue 35% appointment in public appointments. The women eventually sent a representation to discuss this with President Mohammadu Buhari. This study's main objective is to examine the relationship between gender diversity and quoted deposit money banks' performance in Nigeria using descriptive statistics, trend, and correlation analysis. Data was collected through the websites of 13 publicly quoted banks on the Nigerian stock exchange. Gender of directors was sieved by using the biography section of Annual report, use of gender-specific pronouns 'she,' the third is the usage of address 'Mr' and 'Mrs' while the use of the first name was also used to determine the Gender. Data were analysed by using SPSS. Trend analysis of each bank's percentage of female board members between 2015 and 2019 shows an unstable trend. The rate at which the female Gender occupies the Board in the banks does not appear to have a specific pattern to make inferences. It also lacks a strong relationship between the number of female board members and banks' performance. There is a weak negative relationship between earnings per share and female board members' percentage. It can be concluded that the inclusion of women on the Board of a company does not necessarily translate into an improvement in a company's financial performance.

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Board Composition and Gender Diversity: Comparison of Turkish and Nigerian Listed Companies

Cited by 27 publications

References 31 publications

Board Heterogeneity and Corporate Performance of Firms in Nigeria

Board Heterogeneity and Corporate Performance of Firms in Nigeria

Corporate Board Diversity and Sustainability Reporting: A Study of Selected Listed Manufacturing Firms in Nigeria

Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria

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