Effect of board gender diversity on the financial performance of microfinance institutions: Does judicial efficiency matter?

被引：9

作者：

Sarpong-Danquah, Beatrice ^{[1
]}

Adusei, Michael ^{[1
]}

Frimpong, Joseph Magnus ^{[1
]}

机构：

[1] Kwame Nkrumah Univ Sci & Technol, Dept Accounting & Finance, Kumasi, Ghana

来源：

ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS | 2023年 / 94卷 / 02期

关键词：

board gender diversity; financial performance; judicial efficiency; microfinance institutions; CORPORATE GOVERNANCE; FIRM PERFORMANCE; UPPER ECHELONS; PANEL-DATA; WOMEN; OWNERSHIP; SIZE; DETERMINANTS; COMMITTEES; DIRECTORS;

D O I：

10.1111/apce.12396

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The impact of board gender diversity on the financial performance of firms is not known. This is because empirical investigations have yielded inconclusive outcomes. This study engages data from 408 microfinance institutions (MFIs) covering the period 2010-2018 from the six microfinance regions to investigate this impact using the Least Squares Dummy Variable (LSDV) and the System Generalized Method of Moments (SYS-GMM) estimation techniques. The study also explores whether judicial efficiency exerts any significant effect on the board gender diversity-financial performance nexus. The study observes that board gender diversity exhibits a strong negative effect on the financial performance of MFIs. The study also observes that the effect of board gender diversity on the financial performance of MFIs escalates in the presence of judicial inefficiency. The study, therefore, unveils the judicial system as a channel through which gender diversity drives the financial performance of MFIs negatively.

引用

页码：495 / 518

页数：24

共 50 条

[1] Board gender diversity and the technical efficiency of microfinance institutions: Does size matter?
Adusei, Michael
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2019, 64 : 393 - 411
[2] Board gender diversity and financial stability: Evidence from microfinance institutions
Dang, Thuy T. T.
Ho, Trang N. T.
Nguyen, Duc Nguyen
COGENT ECONOMICS & FINANCE, 2023, 11 (02):
[3] Financial inclusion and the performance of microfinance institutions: Does social performance affect the efficiency of microfinance institutions?
Bharti, Nisha
Malik, Sushant
SOCIAL RESPONSIBILITY JOURNAL, 2022, 18 (04) : 858 - 874
[4] Sustainability and financial performance of transport and logistics firms: Does board gender diversity matter?
Shakil, Mohammad Hassan
Munim, Ziaul Haque
Zamore, Stephen
Tasnia, Mashiyat
JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT, 2024, 14 (01) : 100 - 115
[5] Does gender diversity matter to hotel financial performance?
Chen, Ming-Hsiang
Chen, Su-Jane
Kot, Hung Wan
Zhu, Di
Wu, Zhongjun
INTERNATIONAL JOURNAL OF HOSPITALITY MANAGEMENT, 2021, 97
[6] Diversification and performance of microfinance institutions: does Islamic microfinance model matter?
Ben Salem, Asma
Ben Abdelkader, Ines
INTERNATIONAL JOURNAL OF ISLAMIC AND MIDDLE EASTERN FINANCE AND MANAGEMENT, 2023, 16 (05) : 975 - 995
[7] Board gender diversity and the capital structure of microfinance institutions: A global analysis
Adusei, Michael
Obeng, Emmanuella Yaa Takyiwah
QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2019, 71 : 258 - 269
[8] Performance of Microfinance Institutions: Does Government Ideology Matter?
Gui, Ferdinand A.
Fodder, Jyotirmoy
Shahriar, Abu Zafar M.
WORLD DEVELOPMENT, 2017, 100 : 1 - 15
[9] The drivers of the financial integration of microfinance Institutions: Do financial development, agency costs and microfinance performance matter?
Kendo, Sandra
Tchakounte, Josephine
QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2022, 84 : 128 - 142
[10] The impact of board gender diversity on the financing costs of microfinance institutions: a global evidence
Mia, Md Aslam
Hossain, Tanzina
Nesa, Zinnatun
Saifullah, Md Khaled
Akter, Rozina
Hossain, Md Imran
JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 2022,

← 1 2 3 4 5 →