Board Gender Diversity, Corporate Governance and Bank Efficiency in Ghana: A Two-Stage Data Envelope Analysis (DEA) Approach

Adeabah, David; Gyeke-Dako, Agyapomaa; Andoh, Charles

doi:10.2139/ssrn.3312103

Cited by 31 publications

(48 citation statements)

References 27 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In this section, we discuss related literature and develop testable hypotheses. Our testable hypotheses is based broadly on what we call the social connection hypotheses of board structure, which reflects the views of Adeabah et al (2018), Schmidt (2015) and Chikh and Filbien (2011). The social connection hypotheses argue that executive directors may have private benefits to be satisfied as they hold knowledge and information critical for an organizational success (Faleye, 2015, p.59), as such this incentive creates what we call 'scratch my back' effect wherein the CEO becomes powerful.…”

Section: Related Literature and Hypotheses Developmentmentioning

confidence: 99%

“…Board gender diversity is believed to be a critical and economically significant resource that leads to optimal efficiency in banks (Adeabah et al, 2018). Nonetheless, empirical studies' conclusions about the value relevance of gender composition on banks' board is complex (Owen and Temesvary, 2018) and dependent on CEO power dimension (Ting et al, 2017).…”

Section: Ceo Power and Board Gender Diversitymentioning

confidence: 99%

“…Following Pathan and Faff (2013), Guo and Masulis (2015), Ting et al (2017), Owen and Temesvary (2018) and Adeabah et al (2018) board structure of banks used for the empirical analysis include board gender diversity, as proxied by Blau index; board independence, as proxied by the number of non-executive directors and board size, as measured by the number of directors on the board.…”

Section: Board Structure Measuresmentioning

confidence: 99%

“…Given that there are criticisms of pooled OLS estimates as being inefficient in the face of panel data since the errors are likely to show 'panel heteroskedasticity and contemporaneous correlation' (Beck, 2001, p.278), we adopted Prais-Winsten (1954) to test robustness of our findings to panel heteroskedasticity, cross-sectional dependence and first order serial correlation similar to studies by Adeabah et al (2018) and Pathan and Skully (2010). Table 6 Panel A reports Prais-Winsten (1954) regression estimates for our sample.…”

Section: Alternative Estimation Techniques -Prais-winsten (Pw) Regresmentioning

confidence: 99%

“…Given that changes to corporate governance regulations is a 'social welfare decision' (Erkens et al, 2012, p. 391), the structure of a bank's board speaks volume; serving as the channel through which governments ensure bank safety (Onali et al, 2016), the constraining mechanism to agency conflict (Weisbach, 1988;Hermalin and Weisbach, 2003) and a 'critical resource' for business success (Adeabah et al, 2018). However following 2007/2008 global financial crisis, numerous stakeholders (i.e.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

CEO Power and Board Structure of Banks: A Developing Country’s Perspective

Adeabah

2018

SSRN Journal

Self Cite

View full text Add to dashboard Cite

This study examines the implications of CEO power on the board structure of banks in the Ghanaian banking industry. Using a unique hand-collected dataset in respect of 21 commercial banks in Ghana for the 2009-2017 periods, the results show that CEO power underscores the absence or lack of gender composition of bank boards and constrains independent directors, while incentivizing larger board size in banks. Meanwhile, ownership structure and listing status critically underpin the CEO power effect on bank board structure, such that the actual sign of the marginal effect of CEO power on bank board structure varies with ownership structure and listing status. Overall, the study contributes to the understanding of the global antecedent of bank corporate governance (i.e. board structure) by providing an understanding of the implications of social connection hypothesis on bank board structure in a developing country's context.

show abstract

Section: Related Literature and Hypotheses Developmentmentioning

confidence: 99%

Section: Ceo Power and Board Gender Diversitymentioning

confidence: 99%

Section: Board Structure Measuresmentioning

confidence: 99%

Section: Alternative Estimation Techniques -Prais-winsten (Pw) Regresmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

CEO Power and Board Structure of Banks: A Developing Country’s Perspective

Adeabah

2018

SSRN Journal

Self Cite

View full text Add to dashboard Cite

show abstract

Gender diversity inclusive board structure and firm performance: Evidence from West Africa

Tuo

Tesfagebreal

et al. 2021

J Corp Accounting Finance

View full text Add to dashboard Cite

We analyze the relationship of board structure features with non‐financial firm's performance among West African listed companies. The data was collected though content analysis of annual reports and audited financial statement of 109 West African listed companies over 2002–2017 by utilized three financial performance proxies, namely return on assets, return on equity, and Tobin Q. We employed several model specification tests and regression methods including pooled OLS, fixed effects and GMM two stage models. The results indicate statistically positive relationship between board size and firm performance but only significant with Tobin's Q and positive significant effect of women directorship and women chief executive officer on firm performance. Independent director has statistically positive significant effect on firm financial performance. Paradoxically, women independent directors has negative significant impact on financial performance. Findings imply that corporations should have a board structure including women executives’ directors, woman CEO and men independent directors as a way to enhance firm's performance. This paper contributes to developing countries scant literature on determinants financial performance and corporate governance practices by provides evidence on why and how corporation should have independent directors and gender diversity inclusive board structure to enhance firm's performance ones in developing countries.

show abstract

Examining the determinants of bank efficiency in transition: empirical evidence from Ghana

Blankson

Anarfo

Amewu

et al. 2022

Heliyon

View full text Add to dashboard Cite

Board Gender Diversity, Corporate Governance and Bank Efficiency in Ghana: A Two-Stage Data Envelope Analysis (DEA) Approach

Abstract: Board gender diversity, corporate governance and bank efficiency in Ghana: a two-stage data envelope analysis (DEA) approach

Cited by 31 publications

References 27 publications

CEO Power and Board Structure of Banks: A Developing Country’s Perspective

CEO Power and Board Structure of Banks: A Developing Country’s Perspective

Gender diversity inclusive board structure and firm performance: Evidence from West Africa

Examining the determinants of bank efficiency in transition: empirical evidence from Ghana

Contact Info

Product

Resources

About