Disentangling the influence of female directors in the banking industry

Abstract

Objective - This study examined the effect of female directors and their banking expertise on corporate reputation in Nigeria. Methodology/Technique – This study employs ordinary least square regression on sample data from 2009 to 2018. The sample consists of 11 banks from 2009 to 2018, which resulted in 110 observations of the listed banks from the main floor of the NSE market. The data used in the study were extracted from Bloomberg DataStream. Findings—In line with our hypothesis, we documented that female directors on the board and female directors with banking expertise are positively related to corporate reputation, suggesting that female directors on the board and with banking expertise led to a higher corporate reputation. Novelty - Our findings add to the existing body of literature on gender and corporate reputation. as well as resource dependency theory. The findings also corroborate the existing CBN policy on gender diversity. Hence, the study's findings offer additional awareness to the corporate stakeholders. Type of Paper: Empirical JEL Classification: M14, M19. Keywords: Female directors, female directors' banking expertise, and corporate reputation. Reference to this paper should be referred to as follows: Adamu, I.A; Tyasari, I; Abubakar, A.H. (2024). Disentangling the influence of female directors in the banking industry, Acc. Fin. Review, 8(4), 11 – 22. https://doi.org/10.35609/afr.2024.8.4(2)