Board structure and financial stability of financial firms: Do board policies and CEO duality matter?

Uyar, Ali; Wasiuzzaman, Shaista; Kuzey, Cemil; Karaman, Abdullah S.

doi:10.1016/j.intaccaudtax.2022.100474

Cited by 15 publications

(31 citation statements)

References 78 publications

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“…To give examples, independent boards of directors, transparency in financial reporting and effective internal controls have been shown to be positively related to financial stability. On the other hand, poor governance practices, such as weak internal controls and a lack of transparency, have been associated with increased financial risk and decreased financial performance [ 27 ].…”

Section: Discussionmentioning

confidence: 99%

Formulation of a corporate governance index for banking sector: The GIB.X62

El-Chaarani¹,

El-Abiad²,

Braendle³

2023

Heliyon

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Section: Discussionmentioning

confidence: 99%

Formulation of a corporate governance index for banking sector: The GIB.X62

El-Chaarani¹,

El-Abiad²,

Braendle³

2023

Heliyon

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“…Naciti (2019) reached the same conclusion: the more heterogeneous the board, the better the sustainable performance of the company. Very recently, Uyar et al. (2022) found that board policy moderated the relationship between women and independent directors and the financial stability of some financial sectors.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…Naciti (2019) reached the same conclusion: the more heterogeneous the board, the better the sustainable performance of the company. Very recently, Uyar et al (2022) found that board policy moderated the relationship between women and independent directors and the financial stability of some financial sectors. Hence, we posited that a board structure policy specifying the composition of the board and the qualifications of directors would strengthen the link between board gender and cultural diversities and social sustainability performance.…”

Section: Board Structure Policymentioning

confidence: 99%

Board structure policy, board diversity and social sustainability in the logistics and transportation sector

Fernandes

Kuzey²,

Uyar³

et al. 2022

IJPDLM

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PurposeThis study aims to examine the roles of board gender and cultural diversities in driving social sustainability practices through the moderating effect of board structure policies in the logistics and transportation sector.Design/methodology/approachThe authors conducted fixed-effects regression with 2005–2019 data from Thomson Reuters Eikon.FindingsThe results showed that female directors are significant predictors of social sustainability across the four dimensions of human rights, workforce, product responsibility and community development. Additionally, directors with different cultural backgrounds (but not the workforce) are significant determinants of community development, human rights and product responsibility. Furthermore, although board structure policies positively moderate the relationship between board gender diversity and social sustainability, they fail to moderate the relationship between board cultural diversity and social sustainability.Originality/valueThe findings have crucial implications for the logistics and transportation sector's social sustainability and may help the sector align with employees' and society's expectations. The incorporation of board gender and cultural diversities into the research design was a response to calls by the European Union (EU) and the United Nations (UN) to address board configuration and stakeholders' concerns.

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“…Second, although a large body of literature has examined the effect of gender diversity on dividend policy (Duygun et al, 2018;Risfandy et al, 2021;Setiawan et al, 2016;Ye et al, 2019), the empirical evidence regarding financial institutions is relatively limited because banking institutions' characteristics differ from those of other firms. Financial institutions are responsible for protecting their depositors by maintaining financial system stability and SEF 40,4 reducing systemic risk (Uyar et al, 2022). Agency problems are exacerbated in the financial sector due to banks' capital structures, business complexity and regulator involvement (de Haan and Vlahu, 2016).…”

Section: Introductionmentioning

confidence: 99%

Female directors, the institutional environment and dividend policy: evidence from ASEAN-5 commercial banks

Syahfitri

Risfandy

2023

SEF

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Purpose This paper aims to investigate the impact of female directors on the dividend policies of 96 ASEAN-5 listed commercial banks between 2015 and 2020. Design/methodology/approach This paper developed an econometric model to assess the impact of female directors on the banks’ dividend policies. This paper regressed the payout variable on the female director, legal (institutional environment) variables and several control variables. This paper also considered the interaction between the female and legal variables to assess the moderating impact of the institutional environment. Findings This paper found that female directors positively affected dividend policy and that banks with female directors tended to pay dividends to balance stakeholders’ interests, especially for the minority. This paper also found that the influence of female directors was weaker in countries with strong institutional environments because greater legal protection for shareholders reinforced or replaced corporate governance mechanisms. Originality/value To the best of the authors’ knowledge, this is the first study to investigate gender diversity and its impact on dividend policy using data from ASEAN-5 countries.

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Board structure and financial stability of financial firms: Do board policies and CEO duality matter?

Cited by 15 publications

References 78 publications

Formulation of a corporate governance index for banking sector: The GIB.X62

Formulation of a corporate governance index for banking sector: The GIB.X62

Board structure policy, board diversity and social sustainability in the logistics and transportation sector

Female directors, the institutional environment and dividend policy: evidence from ASEAN-5 commercial banks

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