Boardroom Diversity and Innovation in the Uae Banks

Iren, Perihan; Tee, Kienpin

doi:10.1142/s1363919618500299

Cited by 10 publications

(18 citation statements)

References 74 publications

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“…In our sample literature, 14 studies are grouped in this category. Two of them focused on the bailout of banks in European countries (Cardillo et al, 2020; Fernandes et al, 2016), capital structure (Adusei & Obeng, 2019; Palvia et al, 2014), intellectual capital (Al‐Musali & Ismail, 2015), innovation (Iren & Tee, 2018), conservatism accounting (Almutairi & Quttainah, 2019; García‐Sánchez et al, 2017), and ethical reputation (Baselga‐Pascual, Trujillo‐Ponce, Vähämaa, & Vähämaa, 2018). These topics have also received less attention to financial institution researchers, and more researches are encouraged to explore these topics with board diversity attributes.…”

Section: Slr Findingsmentioning

confidence: 99%

“…Therefore, more research needs to look beyond the direct influence of board diversity and explore the policy setting roles of the board of directors. Other constructs, however, have received less attention from scholars such as (but not limited to) capital structure (Adusei & Obeng, 2019; Palvia, Vähämaa, & Vähämaa, 2014), intellectual capital (Al‐Musali & Ismail, 2015), and innovation (Iren & Tee, 2018). Additionally, over 50% of prior studies have used cross‐country data or develop market observations, and there is a need for more single‐county studies, especially on emerging markets.…”

Section: Introductionmentioning

confidence: 99%

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Nudging toward diversity in the boardroom: A systematic literature review of board diversity of financial institutions

et al. 2020

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Going beyond the mere gender diversity in the boardroom, this systematic review comprehensively covers the research on board diversity of financial institutions. More specifically, we cover gender diversity, as well as other characteristics of diversity, such as nationality, age, tenure, experience, education, ethnicity, and religion. A systematic literature review was employed using Scopus and Web of Science databases, covering all publications until May 2020, which resulted in 91 studies from 66 top‐ranked journals in accounting, finance, and economic fields. We analyze them based on the journal, methodology, research construct questions, and theoretical perspectives. Our results highlight the substantial knowledge gaps and the inconsistent findings of prior studies on several aspects of the field, suggesting avenues for further studies in terms of research designs, settings, scope, and theories. We argue that there is a need to explore other board diversity attributes rather than focusing on the gender diversity of the boards of financial institutions to achieve sustainable development. Also, more work is outlined on topics related to board diversity of financial firms that receive limited attention from scholars, such as (but not limited to) environmental performance, capital structure, intellectual capital, innovation and earnings quality of financial institutions, as well as the indirect effect of policy settings.

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Section: Slr Findingsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Nudging toward diversity in the boardroom: A systematic literature review of board diversity of financial institutions

et al. 2020

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“…Existing work is mixed on how board members independence enhance firm innovation. For instance, some scholars found a positive association (Balsmeier, Fleming, & Manso, 2017); (Iren & Tee, 2018); (Helmers, Patnam, & Rau, 2017); (Oh & Barker III, 2018), others showed no association (Kor, 2006). In line with these, some evidence shows that the strict role of independent board members reduces the appetite to innovate by instilling apprehension of being penalized for unsuccessful innovation and thus CEOs may be reluctant to innovate (Manso, 2011); (Faleye, Hoitash, & Hoitash, 2011).…”

Section: Board Member's Independence and Firm Innovationmentioning

confidence: 93%

“…Besides, they are responsible for setting objectives, and priorities (Xie & O'Neill, 2013) provide strategic directions and approve innovation proposals (Tuwey & Tarus, 2016); (Deschamps & Nelson, 2014) and nurtures innovation (Yar Hamidi & Gabrielsson, 2014). Despite the substantial role that board members play in strategy formulation and implementation, how board leadership influences strategic activities such as innovation has not been sufficiently explored (Charan, Carey, & Useem, 2013); (Iren & Tee, 2018); (Reguera-Alvarado & Bravo, 2018) particularly in the financial sector. Hence, we intend to establish how board leadership influences innovation in Kenya's financial sector.…”

Section: Introductionmentioning

confidence: 99%

Board Leadership, Chief Executive Officer Optimism and Firm Innovation

Tuwey

Ngeno

2019

SJOM

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Purpose - Following the resource dependence and optimism theory, the study explored whether Chief Executive Officer (CEO) optimism moderates the link between board leadership and firm innovation in the financial sector. Design/Methodology - 130 financial institutions in Kenya were surveyed using cross-sectional and explanatory designs. Hypothesis testing utilized both moderated hierarchical regression models and mod-graphs. Findings - The results revealed that the board member’s openness and independence positively influence firm innovation. The moderated hierarchical regression results and figures in the mod-graphs reveal that CEO optimism enhances the association between the board member’s openness, independence, and firm innovation. Practical Implications - The results suggested that for financial institutions to be innovative, board members should be open to each other in terms of the private ideas as well as being independent about decisions made to spur the growth of the firms. Additionally, such boards should appoint CEOs who are optimistic about being innovative.

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“…Despite the presumed positive effect of gender diversity on innovative capability, the empirical literature focussing on this connection does not always provide evidence to support such a relationship (Iren and Tee, 2017). Therefore, academic research does not yield consistent findings regarding the effect of gender diversity on the innovative capability of enterprises for industrial development.…”

Section: Introductionmentioning

confidence: 99%

Gender diversity and enterprise innovative capability

Garba

Kraemer-Mbula

2018

IJGE

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Purpose The purpose of this paper is to investigate whether female workers’ years of education do mediate the influence of gender diversity on innovative capability of enterprises in Nigeria. Design/methodology/approach The study uses three waves Nigeria Enterprise Surveys panel dataset collected in 2007, 2009 and 2014, for a sample of 1,566 enterprises to circumvent the problems associated with application of cross-sectional designs in mediation studies. The study applies Hicks and Tingley’s (2011) two equations mediation analysis approach with robust standard error. Findings The results of the inferential analysis indicate that female workers’ years of education mediate fully and positively the effect of gender diversity on innovative capability of enterprises in Nigeria. Research limitations/implications For gender diversity to enhance the innovative capability of an enterprise, female workers must be empowered with higher levels of formal education. Practical implications Female workers should be empowered with formal education in order to enhance the ability of firms to innovate. Gender diversity alone does not enhance the innovative capability of an enterprise without empowering female workers with formal education. Originality/value Although past studies do provide substantial evidence on the positive relationship between gender diversity and the innovative capability of enterprises, the mediating effect of education on this relationship has been ignored. This is particularly relevant in a country such as Nigeria with low levels of innovation. Furthermore, despite the presumed positive effect of gender diversity on innovative capability, existing empirical research does not yield consistent findings to clearly resolve how or why gender diversity does affect the innovative capability of enterprises. This paper tests whether it could be the result of a mediating (intervening) variable.

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Boardroom Diversity and Innovation in the Uae Banks

Cited by 10 publications

References 74 publications

Nudging toward diversity in the boardroom: A systematic literature review of board diversity of financial institutions

Nudging toward diversity in the boardroom: A systematic literature review of board diversity of financial institutions

Board Leadership, Chief Executive Officer Optimism and Firm Innovation

Gender diversity and enterprise innovative capability

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