Board Gender Diversity and Financial Performance of Nigerian Firms
Student: ANASTASIA ODIDIKA (Project, 2025)
Department of Accountancy
Auchi Polytechnic, Auchi, Edo State
Abstract
This study examines board gender diversity and financial performance of
Nigerian firms. Descriptive research design was adopted. One hundred and
seventy five (175) manufacturing firm listed on the Nigerian Exchange Group
were selected as the population figure. The study covered five (5) manufacturing
firm for the period 2019-2023 using the simple random sampling technique.
Data were drawn from the published financial statements of the sampled firms
and analyzed using Ordinary Least Square (OLS) regression. The results of the
study revealed that board size and board independence has a significant impact
on firm financial performance while board gender diversity was found to have
no impact. The study concluded that there is a need for an improved level of
diversity of the board of directors of quoted firms in Nigeria that can improve
the decision-making process needed for sustainable financial performance. The
study recommended among others that Nigerian firms should always ensure that
their board is composed of skillful, intelligent, experience, competent and
dedicated persons, with high level of integrity that can match words with action
to improve their financial performance.
Keywords
For the full publication, please contact the author directly at: anastasiaodidika3@gmail.com
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Institutions
- Federal University of Technology, Minna, Niger State 47
- Federal University of Technology, Owerri, Imo State 95
- Federal University Oye-Ekiti, Ekiti State 41
- Federal University, Birnin-Kebbi, Kebbi State 37
- Federal University, Dutse, Jigawa State 6
- Federal University, Dutsin-Ma, Katsina State 63
- Federal University, Gashua, Yobe State 3
- Federal University, Gusau, Zamfara State 14
- Federal University, Kashere, Gombe State 1
- Federal University, Lafia, Nasarawa State 6