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

Author

Listed:
  • Peter K. Luh
  • Baah A. Kusi
  • Agyapomaa Gyeke-Dako
  • Vera O. Fiador

    (University of Ghana)

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).

Suggested Citation

  • Peter K. Luh & Baah A. Kusi & Agyapomaa Gyeke-Dako & Vera O. Fiador, 2022. "Female Corporate Board Executives and Bank Profitability: Exploring for Complementarities and Synergies," The African Finance Journal, Africagrowth Institute, vol. 24(1), pages 37-49.
    • Handle: RePEc:afj:journl:v:24:y:2022:i:1:p:37-49
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-finj_v24_n1_a4
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    More about this item

    Keywords

    Bank; Profitability; Gender; Female; Corporate; Leadership;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania

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