Female Corporate Board Executives and Bank Profitability: Exploring for Complementarities and Synergies

Peter K. Luh, Baah A. Kusi, Agyapomaa Gyeke-Dako and Vera O. Fiador ()
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Vera O. Fiador: University of Ghana

The African Finance Journal, 2022, vol. 24, issue 1, 37-49

Abstract: The study investigated whether females in leadership positions, and the ratio of females on boards complement each other in improving bank profitability or not. To do this, unbalanced panel data of twenty (20) universal banks operating in Ghana for the period 2010-2020 was used. To estimate the study’s result, both random and fixed effect estimations were employed. The findings show that percentage of females on board, and female CEO are positively and significantly associated with bank profitability but female board chairperson is insignificantly associated with bank profitability. In addition, the study revealed that percentage of females on boards interacting with female board chairperson improve net interest margin but impedes returns to equity holders (ROE). Moreover, the percentage of females on board interacting with woman CEO is inversely and significantly associated with bank profitability (ROA, ROE and NIM).

Keywords: Bank; Profitability; Gender; Female; Corporate; Leadership (search for similar items in EconPapers)
JEL-codes: G21 M14 N27 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journl:v:24:y:2022:i:1:p:37-49

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