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Corporate board gender diversity and ethnic ownership of U.S. banks

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  • Yunsun Huh
  • Russell Kashian

Abstract

This study examines the association between U.S. banks’ corporate board gender and ethnic ownership diversity, focusing on cultural gender norms relating to female leadership positions. Utilizing Federal Deposit Insurance Corporation (FDIC) Call Report and Summary of Deposit (SOD) data for 30 June 2018 and American Community Survey data for 2017, we analyze 136 Minority Depository Institutions (MDIs) and their matching sample of mainstream banks in the U.S. We find differential effects on both the gender composition of MDI corporate boards and the probability of having female members on corporate boards depending on the ethnic diversity of bank ownership. Black-owned banks show a strong positive impact, while Hispanic-owned banks show a strong negative impact, regarding board gender diversity, relative to mainstream banks. These results demonstrate the relationship between cultural gender norms and female leadership access across different ethnicities in the U.S. banking industry.

Suggested Citation

  • Yunsun Huh & Russell Kashian, 2021. "Corporate board gender diversity and ethnic ownership of U.S. banks," Journal of Applied Economics, Taylor & Francis Journals, vol. 24(1), pages 258-276, January.
    • Handle: RePEc:taf:recsxx:v:24:y:2021:i:1:p:258-276
    DOI: 10.1080/15140326.2021.1920293
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    Cited by:

    1. Vladan Pavlovic & Goranka Knezevic & Radica Bojicic, 2023. "Do the Profitability, the Volume of Assets, and Equity of Public Enterprises Have Any Role in Local Authorities' Gender and Age Policy? – A Case Study of Belgrade," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 172-191.

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