Board gender diversity, non-executive directors composition and corporate performance: evidence from listed firms in Nigeria

Imade, Osazee Graham

doi:10.5897/ajbm2019.8766

Cited by 10 publications

(9 citation statements)

References 18 publications

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“…According to Robbins & Decenzo [62], Board gender diversity depicts the varied personal characteristics that make the workforce heterogeneous. According to Imade [34], board gender diversity is part of board diversity. It refers to the difference in the number of women on the Board of corporate firms.…”

Section: Board Gender Diversity and Advantagesmentioning

confidence: 99%

“…Imade [34] researched board gender diversity among 72 quoted companies on the Nigerian stock exchange between 2006 and 2016; the results revealed that board gender diversity has a significant effect on corporate performance (Return on Asset) quoted companies Nigerian stock exchange. Temile, Jatmik &Hidayat [72], examined the impact of gender diversity, earnings management practices and quoted companies' corporate performance in Nigerian.…”

Section: Empirical Reviewmentioning

confidence: 99%

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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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Section: Board Gender Diversity and Advantagesmentioning

confidence: 99%

Section: Empirical Reviewmentioning

confidence: 99%

Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria

Olufemi¹

2021

EBM

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“…Imade [20] examined the nexus between board gender diversity, non-executive director's composition and corporate performance (return on asset) of listed firms on the Nigerian Stock Exchange. Ex-post facto research design was employed and agency theory formed the basis of theoretical framework of the study.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Board Gender Heterogeneity, Corporate Diversification and Cash Flow Performance of Deposit Money Banks in Nigeria: An Independent and Joint Effect Analysis

Ndubuisi

Udekwesili

Nkiru

2021

AJEBA

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The objective of this study was to examine the effect of board gender heterogeneity and corporate diversification on cash flow performance of Deposit Money Banks (DMBs) in Nigeria. The study specifically examined the effect of gender heterogeneity and business subsidiary on operating, investing and financing cash flow performances. The study adopted the ex-post facto research design; as the goal is not to manipulate any variable but rather to establish effect. The population comprised quoted DMBs and the sample restricted to a purposive sample of six (6) banks whose annual reports were accessible for the period of 2005-2020 which is the time scope of this study. The data were analysed using the multiple regression technique. The results showed that gender heterogeneity and corporate diversification does not have a statistically significant effect on cash flow performance jointly and individually. Based on these findings, the study recommended that Gender heterogeneity should be allowed on the boards of DMBs not necessarily to promote cash flow performance, but for equity, fairness and relative peace as supported by previous literature.

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“…The ratio assesses the efficiency of using company assets to generate income. The prior literature widely analyzes ROA to investigate the effects of SB structure and composition on company financial performance (Boadi and Osarfo, 2019;Imade, 2019;Jakpar et al, 2019;Jentsch, 2019;Abdeljawad and Masri, 2020). Moreover, ROA can indicate the quality of corporate governance in inspiring higher management effectiveness.…”

Section: Return On Assetsmentioning

confidence: 99%

International Experts’ Influence on Company Internationalization

Kravchenko¹

2021

CEMJ

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Purpose: The article evaluates the associative relationship between international supervisory board experts and foreign ownership, along with the experts’ influence on the financial and operating performance of firms. The study was based on data collected for 257 companies listed on the Warsaw Stock Exchange in 2010–2015. Methodology: The dataset was built as a panel, and then generalized least squares regression models with a fixed or random effect were employed to test hypotheses. Findings: The findings of the study clearly show that the presence of investigated firms in foreign markets positively affects company performance. Moreover, models with dependent variables ROA and ROS show that supervisory board members with foreign experience positively affect profitability indicators of firms that do not operate on foreign markets. The data analyses reveal that international experts are more effective advisors for companies that conduct no business activities on foreign markets. Furthermore, the results show a positive moderate association between the share of international experts in supervisory boards and the share of foreign ownership in the company. Originality: The article contributes to the understanding of determinants and consequences of the presence of international experts in supervisory boards and company internationalization.

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Board gender diversity, non-executive directors composition and corporate performance: evidence from listed firms in Nigeria

Cited by 10 publications

References 18 publications

Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria

Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria

Board Gender Heterogeneity, Corporate Diversification and Cash Flow Performance of Deposit Money Banks in Nigeria: An Independent and Joint Effect Analysis

International Experts’ Influence on Company Internationalization

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