Board and management gender diversity and financial performance of microfinance institutions

We investigate board and management gender diversity issues in the microfinance setting with data (2010–2014) drawn from 494 microfinance institutions across 76 countries. We find that board gender diversity positively predicts management gender diversity. On the effects of board and management gend...

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Autores principales: Michael Adusei, Samuel Yaw Akomea, Kwasi Poku
Formato: article
Lenguaje:EN
Publicado: Taylor & Francis Group 2017
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Acceso en línea:https://doaj.org/article/e6c9f92358344788b89fcf2ceea4d8d3
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spelling oai:doaj.org-article:e6c9f92358344788b89fcf2ceea4d8d32021-12-02T14:35:47ZBoard and management gender diversity and financial performance of microfinance institutions2331-197510.1080/23311975.2017.1360030https://doaj.org/article/e6c9f92358344788b89fcf2ceea4d8d32017-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2017.1360030https://doaj.org/toc/2331-1975We investigate board and management gender diversity issues in the microfinance setting with data (2010–2014) drawn from 494 microfinance institutions across 76 countries. We find that board gender diversity positively predicts management gender diversity. On the effects of board and management gender diversity on the financial performance of microfinance institutions (MFIs), we find that whereas board gender diversity is negatively and significantly related to MFI financial performance, management gender diversity is negatively but insignificantly related to MFI financial performance. We show that 50% or higher diversity in either board or management is the threshold at which gender diversity is productive to MFIs. However, danger exists that an MFI that combines 50% or higher female representation on its board with 50% or higher female representation on its management team is likely to experience a tumble in its financial performance. The overall effect of these outcomes is that the push for more female representation on boards and management teams of MFIs should be done with a lot of tact and circumspection.Michael AduseiSamuel Yaw AkomeaKwasi PokuTaylor & Francis Grouparticleboard of directorsdiversitymicrofinance institutionsfinancial performanceBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 4, Iss 1 (2017)
institution DOAJ
collection DOAJ
language EN
topic board of directors
diversity
microfinance institutions
financial performance
Business
HF5001-6182
Management. Industrial management
HD28-70
spellingShingle board of directors
diversity
microfinance institutions
financial performance
Business
HF5001-6182
Management. Industrial management
HD28-70
Michael Adusei
Samuel Yaw Akomea
Kwasi Poku
Board and management gender diversity and financial performance of microfinance institutions
description We investigate board and management gender diversity issues in the microfinance setting with data (2010–2014) drawn from 494 microfinance institutions across 76 countries. We find that board gender diversity positively predicts management gender diversity. On the effects of board and management gender diversity on the financial performance of microfinance institutions (MFIs), we find that whereas board gender diversity is negatively and significantly related to MFI financial performance, management gender diversity is negatively but insignificantly related to MFI financial performance. We show that 50% or higher diversity in either board or management is the threshold at which gender diversity is productive to MFIs. However, danger exists that an MFI that combines 50% or higher female representation on its board with 50% or higher female representation on its management team is likely to experience a tumble in its financial performance. The overall effect of these outcomes is that the push for more female representation on boards and management teams of MFIs should be done with a lot of tact and circumspection.
format article
author Michael Adusei
Samuel Yaw Akomea
Kwasi Poku
author_facet Michael Adusei
Samuel Yaw Akomea
Kwasi Poku
author_sort Michael Adusei
title Board and management gender diversity and financial performance of microfinance institutions
title_short Board and management gender diversity and financial performance of microfinance institutions
title_full Board and management gender diversity and financial performance of microfinance institutions
title_fullStr Board and management gender diversity and financial performance of microfinance institutions
title_full_unstemmed Board and management gender diversity and financial performance of microfinance institutions
title_sort board and management gender diversity and financial performance of microfinance institutions
publisher Taylor & Francis Group
publishDate 2017
url https://doaj.org/article/e6c9f92358344788b89fcf2ceea4d8d3
work_keys_str_mv AT michaeladusei boardandmanagementgenderdiversityandfinancialperformanceofmicrofinanceinstitutions
AT samuelyawakomea boardandmanagementgenderdiversityandfinancialperformanceofmicrofinanceinstitutions
AT kwasipoku boardandmanagementgenderdiversityandfinancialperformanceofmicrofinanceinstitutions
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