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Nomination committee-board gender diversity nexus in Ghana

Author

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  • Kingsley Opoku Appiah
  • Lawrence Adu Asamoah
  • Beatrice Osei

Abstract

This study assesses the link between nomination committees' presence and size as well as male directors on nomination committee and gender diversity in Ghanaian boardrooms. We use a dataset of 25 listed and 20 unlisted Ghanaian firms for January 2006 to December 2012; nine years after the Ghana Government endorsed an Affirmative Action Plan to achieve 40% representation of women on all boards by the year 2000. We employ probit and logit regressions to test our hypotheses. Listed firms and financial institutions are more likely to have more gender diverse boards. By contrast, we have no evidence to support the link between board gender diversity and board size, firm age, firm size, firm ownership, board composition and nomination committees' presence and size as well as male directors on nomination committee. Overall, our results raise questions on the appropriateness of the continual use of both the agency and resource dependency theories in explaining board gender diversity in developing economies' perspective. This study is the first of its kind, particularly within developing economies.

Suggested Citation

  • Kingsley Opoku Appiah & Lawrence Adu Asamoah & Beatrice Osei, 2016. "Nomination committee-board gender diversity nexus in Ghana," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 11(2), pages 135-158.
    • Handle: RePEc:ids:ijbget:v:11:y:2016:i:2:p:135-158
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    Cited by:

    1. Du Jianguo & Rauf Ibrahim & Peter Lartey Yao & Rupa Jaladi Santosh & Amponsah Clinton Kwabena, 2019. "The Effectiveness of Internal Controls in Rural Community Banks: Evidence from Ghana," Business Management and Strategy, Macrothink Institute, vol. 10(1), pages 202-218, December.
    2. Yusheng Kong & Peter Yao Lartey & Fatoumata Binta Maci Bah & Nirmalya B. Biswas, 2018. "The Value of Public Sector Risk Management: An Empirical Assessment of Ghana," Administrative Sciences, MDPI, vol. 8(3), pages 1-18, July.
    3. IWASAKI, Ichiro & MA, Xinxin & MIZOBATA, Satoshi, 2024. "Board Gender Diversity in China and Eastern Europe," CEI Working Paper Series 2023-09, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.

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