Board Gender Diversity: Challenges and Implications for Corporations in the East African Community

Mori, Neema; Richard, Evelyn

doi:10.1080/15228916.2019.1597324

Cited by 7 publications

(3 citation statements)

References 35 publications

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“…The seminal contributions of female directors to CG are highlighted in Adams and Ferreira (2009), which pointed out that the presence of women in the board is positively related to measures of board effectiveness. Gender diversity on corporate boards should not be seen only as a gender equality question but also as a strategy that could lead to corporate performance optimization (Mori & Richard, 2019). A board with greater gender diversity can be an important mechanism of CG, as women improve the monitoring and stimulate better quality supervision.…”

Section: Female Directorsmentioning

confidence: 99%

Does board diversity encourage an environmental policy focused on resource use, emission reduction and innovation? The case of companies in Latin America

Abreu

Soares

Daniel‐Vasconcelos

et al. 2022

Corp Soc Responsibility Env

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This study aims to identify the effect of board diversity on environmental policy in Latin American companies. This research focuses on 11 industrial sectors in Brazil, Mexico, and Chile that took into consideration a broader extension of environmental policy, involving practices regarding resource use, emissions reduction, and innovation. Drawing on corporate governance (CG) and corporate social responsibility (CSR) relationships, a regression analysis was conducted with 1214 firm-year observations from 181 companies. Our results indicate that the predominantly weak CG in Latin America might favour the use of manipulative environmental policy decisions. Board diversity does not have a relevant influence on CSR activities, as environmental issues are only taken into account so far as the cost of natural resources, while issues such as environmental innovation and reducing emission are not part of the agenda.In Brazil and Chile, independent directors have no significant effect on environmental policy decisions, while in Mexico, a less independent board grants managers greater discretion to establish an environmental policy, whereas in all three countries, board gender diversity has no significant effect. The theoretical insights drawn from this study reinforce that board composition, as an internal CG mechanism, is insufficient to overcome the institutional voids and give protagonist to sustainability issues in Latin America, reiterating the need for more robust CG mechanisms to coerce CSR.

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Section: Female Directorsmentioning

confidence: 99%

Does board diversity encourage an environmental policy focused on resource use, emission reduction and innovation? The case of companies in Latin America

Abreu

Soares

Daniel‐Vasconcelos

et al. 2022

Corp Soc Responsibility Env

View full text Add to dashboard Cite

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“…Hakovirta et al (2020) postulate that gender equality in boards brings new perspectives, skills, and experiences that can enhance competence and organisational performance. Based on the agency theory, the presence of women adds value to the monitoring of management activities, which deflates agency conflicts (Mori & Richard, 2019). As such, boards with women members can monitor and control management activities to achieve the required objectives.…”

Section: Women On the Board (Wob) And Financial Performancementioning

confidence: 99%

The Impact of Board Characteristics on the Financial Performance of Savings and Credit Co-operative Societies in Arusha and Dar es Salaam, Tanzania

Mlay

Temu

Mataba³

2023

Tanzanian Economic Review

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This paper examines the impact of board characteristics—such as size, gender diversity, skills, and meeting frequency—on the financial performance of SACCOSs in Tanzania. The study focused on three financial performance indicators: net loan income, operating efficiency ratio, and deposit-to-asset ratio. Descriptive statistics and linear regression models were used to analyse panel data collected from financial reports of 198 SACCOSs for five years (2014–2018). The results show a positive and significant relationship between financially-skilled board member(s) and the depositto-asset ratio; conversely, they were negatively associated with the operating efficiency ratio. The results further show that board meetings are positively and significantly related to net loan income, whereas board size is positively associated with the operating efficiency ratio. Moreover, the paper found no evidence of a relationship between women’s board members and financial performance. Impliedly, having financially-skilled directors on a board and regular board meetings facilitated financial performance in a SACCOS. Thus, the paper calls for board members to have financial skills, and boards to conduct regular meetings for constructive advice and effective monitoring to boost financial performance. JEL Classification: G2, G20, G3, G30, G39, M49

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“…This paper examines whether board gender diversity is a curse or blessing in pricing the cost of debt in the developing economies context. Our motivation comes from the fact that governments in developing countries have passed mandatory or voluntary regulation/pronouncement to ensure fair representation of women in all areas of decision-making (Adeabah et al , 2019; Mori and Richard, 2019). This is in line with Sustainable Development Goal 5: gender equality at all decision-making levels, highlighting greater use of women’s skills and expertise in decision-making in the boardroom.…”

Section: Introductionmentioning

confidence: 99%

Board Gender Diversity and Cost of Debt: Do Firm Size and Industry type matter?

Kamil¹,

Appiah

2021

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Purpose This study aims to investigate the nexus between gender-diverse boards and cost of debt in the developing economies context. Specifically, the authors examine whether firm size moderates the relationship between female board representation and cost of debt, regardless of the industry type. Design/methodology/approach The authors use panel data from 17 non-financial listed Ghanaian firms over the period 2007–2017, ordinary least square, two-stage least square and generalised method of moments estimations to test the hypothesis. Findings The authors find that board gender diversity is positively related to cost of debt. Further evidence suggests the interaction of firm size and board gender diversity displays a negative association with cost of debt. Practical implications The study evidence suggests larger non-manufacturing firms with gender-diverse boards attract lower cost of capital in an environment with lax enforcement of rules and regulations in corporate governance. Social implications Lenders consider the size and industry of firms in pricing debt. This has implications on UN Goal 5, highlighting that shareholders of larger non-manufacturing firms benefit immensely from board gender diversity in the context of debt. Originality/value The authors contribute to the board gender diversity and cost of debt literature by demonstrating that firm size and industry type matter in the developing economies context.

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Board Gender Diversity: Challenges and Implications for Corporations in the East African Community

Cited by 7 publications

References 35 publications

Does board diversity encourage an environmental policy focused on resource use, emission reduction and innovation? The case of companies in Latin America

Does board diversity encourage an environmental policy focused on resource use, emission reduction and innovation? The case of companies in Latin America

The Impact of Board Characteristics on the Financial Performance of Savings and Credit Co-operative Societies in Arusha and Dar es Salaam, Tanzania

Board Gender Diversity and Cost of Debt: Do Firm Size and Industry type matter?

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