IMPACT OF GENDER DIVERSITY IN CORPORATE GOVERNANCE ON DEPOSIT MONEY BANKS (DMB’S) FINANCIAL PERFORMANCE IN NIGERIA.

ABSTRACT

 This paper investigates the impact of gender diversity in corporate governance on firm financial performance with the case study of ten selected DMB’s quoted on the Nigerian stock exchange randomly. Secondary source of data collection has been adopted for this study by using banks annual financial reports for the period of 2016-2019. However, financial performance of DMB’s was measured with returns on capital employed (ROCE) and earnings per shares (EPS). Techniques adopted for the data analysis was multiple regression via SPSS version 15. The study findings revealed that board size has negatively, weak and insignificantly impact on DMB’s financial performance in Nigeria. While, gender diversity has a positively, strongly and significantly impact on DMB’s financial performance. This is shows that the more women on board of DMB’s are the more firm financial performance. Based on this study, it is recommended that the proportion of women on board of directors of DMB’s in Nigeria should be increase in order to improve financial performance. In addition, board size of some DMB’s in Nigeria should be increase to a minimum of eight Directors. Though, the board size does not impacted positively in this study but the most performing banks in this present study have 16 and 18 Directors.

Keywords: Gender Diversity, Board Size, Financial Performance, Corporate Governance, Deposit Money Banks and Nigeria.