The impact of board gender diversity on financial performance of listed firms in Tanzania: A panel analysis

Anthony Magoma and Enid Ernest
Additional contact information
Anthony Magoma: Department of Accounting and Finance, Tanzania Institute of Accountancy (TIA), P.O Box 5247, Mwanza, Tanzania
Enid Ernest: Department of Procurement and Logistic management, Tanzania Institute of Accountancy, Mwanza, Tanzania.

International Journal of Research in Business and Social Science (2147-4478), 2023, vol. 12, issue 3, 78-87

Abstract: This study seeks to determine whether gender diversity in the boardroom improves the financial performance of listed firms in Tanzania by examining theoretical and empirical findings and using 90 firm-year observations of 15 listed firms over six years from 2016–2021 from firms listed at the Dar es Salaam Stock Exchange (DSE). Return on equity (ROE) and Return on asset (ROA) were used as financial performance metrics. This study uses a balanced panel data analysis. The results showed that there was no statistically significant relationship between the percentages of women directors on boards or in executive roles and the financial performance of listed firms in Tanzania as measured by ROA and ROE. The results are inconsistent with theories of agency and resource dependence. The study is restricted to a sample of listed firms from DSE in Tanzania. The scope of future studies should be expanded to include listed firms across the East African region and more explanatory variables such as the Blau index in measuring boardroom gender diversity. Key Words:Board Gender Diversity, Listed Firms, Agency Theory, Resource Dependence Theory

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/2511/1764 (application/pdf)
https://doi.org/10.20525/ijrbs.v12i3.2511 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rbs:ijbrss:v:12:y:2023:i:3:p:78-87

Access Statistics for this article

International Journal of Research in Business and Social Science (2147-4478) is currently edited by Prof.Dr.Umit Hacioglu

More articles in International Journal of Research in Business and Social Science (2147-4478) from Center for the Strategic Studies in Business and Finance Editorial Office,Baris Mah. Enver Adakan Cd. No: 5/8, Beylikduzu, Istanbul, Turkey. Contact information at EDIRC.
Bibliographic data for series maintained by Umit Hacioglu ().