Board, gender diversity and firm performance

Board, gender diversity and firm performance

Eric Atta Appiadjei, George Oppong Ampong, Fredrick Nsiah

The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companies on the Ghana’s capital market over the period 2010 to 2014. It observed that women are poorly represented on the corporate boards of listed firms in Ghana. Highest female board representation was the financial services industry with 16%. Trading, Pharmaceutics and IT industries appointed only 1% female to boards, Automobile industry had none. Age and female board representation relationship depicts a trigonometric function in nature, younger firms tend to appoint more women than firms established forty years ago. Age of listing and female board representation depicts quadratic function in nature, as firms initially enters capital market, female board representation increased and falls overtime. Local firms appointed 38%, whiles multinationals appointed 62% female boards. Multinationals appointed more women to boards in Ghana. Regression analyses observed that, a unit increase in the ratio of women on a firm’s board, return on equity increased proportionately by 21.6. Additionally, a unit increase in female board ratio, net profit margin increased proportionately by 18.2.

International Journal of Economics, Commerce and Management

2017

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=NogL9W0AAAAJ&citation_for_view=NogL9W0AAAAJ:u-x6o8ySG0sC

English