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The Nexus among board diversity and bank stability: Implications from gender, nationality and education

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  • Elnahass, Marwa
  • Alharbi, Rana
  • Mohamed, Toka S.
  • McLaren, Josie

Abstract

This study investigates how diversity in the board of directors affects bank stability. We examine diversity in terms of gender, academic education, and nationality. Using a unique (global) sample from 14 countries, we find strong evidence that banks with female directors on the board are positively associated with bank stability. Directors holding high educational qualifications (PhD) are positively associated with bank stability. Conversely, foreign directors on the board are significantly and negatively associated with bank stability. Conditional on the bank type, our results reveal significantly differential effects of gender, nationality, and education on bank stability.

Suggested Citation

  • Elnahass, Marwa & Alharbi, Rana & Mohamed, Toka S. & McLaren, Josie, 2023. "The Nexus among board diversity and bank stability: Implications from gender, nationality and education," Emerging Markets Review, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:ememar:v:57:y:2023:i:c:s1566014123000766
    DOI: 10.1016/j.ememar.2023.101071
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    More about this item

    Keywords

    Board diversity; Bank stability; Bank type; Bank risk; Bank performance;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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