Board gender diversity, human resources development and firm performance of deposit money banks in Nigeria
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Date
2024-05-31
Journal Title
Journal ISSN
Volume Title
Publisher
Faculty of Social and Management Sciences, Yusuf Maitama university Kano
Abstract
This study examines the direct impact of women on the board on firm performance of Deposit
Money Banks (DMBs) in Nigeria as well as the moderating role of human resources development
on the relationship between gender diversity and firm performance. The study adopted a sample
size of ten (10) banks from a total population of fifteen (15) listed DMBs on the Nigerian Exchange
Group and relevant research information was extracted from the annual reports and accounts of the
sampled banks for a period of ten years from 2013 to 2022. Generalized Least Square (GLS)
regression and robust Ordinary Least Square (OLS) techniques were used to test the study’s
hypotheses. The results showed that board gender diversity has significant impact on Tobins Q but
not on ROA of listed DMBs. It was also found that board independence has a positive and
significant impact on performance. The finding of the study also revealed that human capital
development used as moderating variable improved the positive impact of gender diversity on firm
performance. The study recommends that the management of listed DBMs in Nigeria should
increase the number of women on their board in order to influence their performance. Also, the
study recommends that the management of the DMBs should increase the level of their spending
employees’ training and development in order to improve/increase their performance.
Description
describes the influence of human resources on the relationship between board gender diversity and financial performance of firms in Nigeria.
Keywords
Citation
3. Lawal, T., Daniya, A.A., Shuaibu, K. and Yabagi, M. I. (2024): Board gender diversity, human resources development and firm performance of deposit money banks in Nigeria. Northwest Journal of Social and Management Sciences, 5 (1), 87-98