IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v12y2023i3p78-87.html
   My bibliography  Save this article

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

Author

Listed:
  • 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.)

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

Suggested Citation

  • Anthony Magoma & Enid Ernest, 2023. "The impact of board gender diversity on financial performance of listed firms in Tanzania: A panel analysis," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 12(3), pages 78-87, April.
    • Handle: RePEc:rbs:ijbrss:v:12:y:2023:i:3:p:78-87
    DOI: 10.20525/ijrbs.v12i3.2511
    as

    Download full text from publisher

    File URL: https://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/2511/1764
    Download Restriction: no
    File URL: https://doi.org/10.20525/ijrbs.v12i3.2511
    Download Restriction: no
    File URL: https://libkey.io/10.20525/ijrbs.v12i3.2511?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:12:y:2023:i:3:p:78-87. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.