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

被引：8

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

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