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Gender Segregation in the Russian Banking Sector: Board of Directors Composition Analysis

Author

Listed:
  • Yelena Yu. PROSVIRKINA

    (National Research University Higher School of Economics)

  • Darya A. SELIFONOVA

    (National Research University Higher School of Economics)

Abstract

The paper studies gender composition of the board of directors of Russian banks. In the course of the study, the authors analyse the data provided by fifty large Russian banks. We collected the data from the banks’ official websites and used public information on the Russian banking sector. The article reviews theoretical works on the subject matter, describes the research method and presents the results of empirical testing. The study finds that representation of women in the board of directors in the Russian banking sector is still low and amounts to approximately 10–20%. At the same time, the percentage of female members in the Russian offices of international banks is higher compared to local banks. The analysis of qualifications of female and male members of the board of directors shows that women possess the same level of education and work experience as men. Based on the results of international empirical studies, we make an assumption that increased representation of women in the boards of directors of Russian banks can help to produce better financial results.

Suggested Citation

  • Yelena Yu. PROSVIRKINA & Darya A. SELIFONOVA, 2018. "Gender Segregation in the Russian Banking Sector: Board of Directors Composition Analysis," Upravlenets, Ural State University of Economics, vol. 9(2), pages 41-46, April.
    • Handle: RePEc:url:upravl:v:9:y:2018:i:2:p:41-46
    DOI: 10.29141/2073-1019-2018-9-2-7
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    References listed on IDEAS

    as
    1. Barbara Petrongolo, 2004. "Gender Segregation in Employment Contracts," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 331-345, 04/05.
    2. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    3. Caspar Rose, 2007. "Does female board representation influence firm performance? The Danish evidence," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 404-413, March.
    4. Niclas L. Erhardt & James D. Werbel & Charles B. Shrader, 2003. "Board of Director Diversity and Firm Financial Performance," Corporate Governance: An International Review, Wiley Blackwell, vol. 11(2), pages 102-111, April.
    5. David A. Carter & Betty J. Simkins & W. Gary Simpson, 2003. "Corporate Governance, Board Diversity, and Firm Value," The Financial Review, Eastern Finance Association, vol. 38(1), pages 33-53, February.
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    Keywords

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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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