EFFECTS OF GENDER AND FOREIGN BOARD MEMBERSHIP ON PERFORMANCE OF NIGERIAN DEPOSIT MONEY BANKS

Authors

  • Oyor Godspower, Ph.D Benson Idahosa University, Benin City, Nigeria
  • Emmanuella Osayi Ojomo, Ph.D National Space Research and Development Agency, Abuja, Nigeria

Keywords:

Board Gender, Foreign Board Membership, Financial Performance, Deposit Money Banks, Nigeria, Corporate Governance.

Abstract

This study examined the relationship between gender and foreign membership of the board
and the financial performance of deposit money banks (DMBs) in Nigeria. Ex-post facto
study methodology using longitudinal and panel technique was used to gather data from
twelve carefully chosen banks between 2012 and 2022. The research made use of balanced
panel data analysis, pooled OLS regression, fixed effects, and random effects techniques, as
well as descriptive statistics. The study found that board member gender significantly
influence the performance of deposit money banks in Nigeria. A significant relationship was
also found between foreign board membership and the performance (return on equity and
Tobin’s Q) of quoted deposit money banks in Nigeria. However, foreign board membership
does not significantly affect return on asset of DMBs in Nigeria. It is recommended that
banks comply with the stipulated guidelines to accommodate a more diverse set of skills,
experiences, and expertise and for better representation of various stakeholders.

Author Biography

Oyor Godspower, Ph.D, Benson Idahosa University, Benin City, Nigeria

Department of Business Administration

Lecturer

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Published

2024-06-06

How to Cite

Godspower, O., & Osayi Ojomo, E. (2024). EFFECTS OF GENDER AND FOREIGN BOARD MEMBERSHIP ON PERFORMANCE OF NIGERIAN DEPOSIT MONEY BANKS. FUW-International Journal of Management and Social Sciences, 9(2). Retrieved from https://fuw-ijmss.com.ng/index.php/fijmss/article/view/88