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.
| Published in | European Business & Management (Volume 7, Issue 1) |
| DOI | 10.11648/j.ebm.20210701.13 |
| Page(s) | 14-23 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2021. Published by Science Publishing Group |
Board Diversity, Gender Diversity, Measurement of Corporate Performance, Agency Theory, Stakeholder Theory, Resource Dependency Theory
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APA Style
Aladejebi Olufemi. (2021). Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria. European Business & Management, 7(1), 14-23. https://doi.org/10.11648/j.ebm.20210701.13
ACS Style
Aladejebi Olufemi. Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria. Eur. Bus. Manag. 2021, 7(1), 14-23. doi: 10.11648/j.ebm.20210701.13
AMA Style
Aladejebi Olufemi. Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria. Eur Bus Manag. 2021;7(1):14-23. doi: 10.11648/j.ebm.20210701.13
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Download@article{10.11648/j.ebm.20210701.13,
author = {Aladejebi Olufemi},
title = {Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria},
journal = {European Business & Management},
volume = {7},
number = {1},
pages = {14-23},
doi = {10.11648/j.ebm.20210701.13},
url = {https://doi.org/10.11648/j.ebm.20210701.13},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20210701.13},
abstract = {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.},
year = {2021}
}
TY - JOUR T1 - Board Gender Diversity and Performance of Listed Deposit Banks in Nigeria AU - Aladejebi Olufemi Y1 - 2021/03/04 PY - 2021 N1 - https://doi.org/10.11648/j.ebm.20210701.13 DO - 10.11648/j.ebm.20210701.13 T2 - European Business & Management JF - European Business & Management JO - European Business & Management SP - 14 EP - 23 PB - Science Publishing Group SN - 2575-5811 UR - https://doi.org/10.11648/j.ebm.20210701.13 AB - 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. VL - 7 IS - 1 ER -
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