IDEAS home Printed from https://ideas.repec.org/a/vrs/ecobur/v4y2018i2p98-113n6.html
   My bibliography  Save this article

Determinants of under-representation of women on Boards of Directors: an exploratory study of African public and private firms

Author

Listed:
  • Ouedraogo Alidou

    (University of Moncton, Department of Administration, 18, Antonine-Maillet Street, Moncton (NB) E1A 3E9, Canada)

Abstract

The underlying causes for the low representation of women on board directorships has been the subject of considerable research when viewed in the context of North American, European and Asian economies and markets. In Africa, very few studies exist that examine this reality even if the socio-economic situation increasingly requires it. Indeed, women are a pillar of the social and economic life of African countries, as they constitute the equilibrium point of family stability and contributors to various essential economic activities alongside men in their community and country. This central role of African woman in all civic endeavours stands in stark contradiction to their general absence on the Board of Directors of most African companies. Although a recent ADB study indicates that the percentage of African women on boards is higher than on some other continents’ nonetheless, the fact remains that this low representation is astonishing. This research aims to understand the cause and effect relationship and to identify the determinants of this low representation of women as sitting board members. It is based on semi-structured interviews with women who are voting members on existing Boards of Directors of large firms in the public and private sectors. It shows that the low representation of women in boardrooms is explained more by socio-cultural factors rather than any organizational flaws or personal issues with these women.

Suggested Citation

  • Ouedraogo Alidou, 2018. "Determinants of under-representation of women on Boards of Directors: an exploratory study of African public and private firms," Economics and Business Review, Sciendo, vol. 4(2), pages 98-113, June.
  • Handle: RePEc:vrs:ecobur:v:4:y:2018:i:2:p:98-113:n:6
    DOI: 10.18559/ebr.2018.2.6
    as

    Download full text from publisher

    File URL: https://doi.org/10.18559/ebr.2018.2.6
    Download Restriction: no

    File URL: https://libkey.io/10.18559/ebr.2018.2.6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jason Zhang & Hong Zhu & Hung-bin Ding, 2013. "Board Composition and Corporate Social Responsibility: An Empirical Investigation in the Post Sarbanes-Oxley Era," Journal of Business Ethics, Springer, vol. 114(3), pages 381-392, May.
    2. Nina Smith & Valdemar Smith & Mette Verner, 2006. "Do women in top management affect firm performance?A panel study of 2,500 Danish firms," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 55(7), pages 569-593, October.
    3. Kevin Campbell & Antonio Mínguez-Vera, 2008. "Gender Diversity in the Boardroom and Firm Financial Performance," Journal of Business Ethics, Springer, vol. 83(3), pages 435-451, December.
    4. Strøm, Reidar Øystein & D’Espallier, Bert & Mersland, Roy, 2014. "Female leadership, performance, and governance in microfinance institutions," Journal of Banking & Finance, Elsevier, vol. 42(C), pages 60-75.
    5. Galbreath, Jeremy, 2011. "Are there gender-related influences on corporate sustainability? A study of women on boards of directors," Journal of Management & Organization, Cambridge University Press, vol. 17(1), pages 17-38, January.
    6. Renée B. Adams & Daniel Ferreira, 2007. "A Theory of Friendly Boards," Journal of Finance, American Finance Association, vol. 62(1), pages 217-250, February.
    7. Sunny Sun & Jigao Zhu & Kangtao Ye, 2015. "Board Openness During an Economic Crisis," Journal of Business Ethics, Springer, vol. 129(2), pages 363-377, June.
    8. Siri Terjesen & Val Singh, 2008. "Female Presence on Corporate Boards: A Multi-Country Study of Environmental Context," Journal of Business Ethics, Springer, vol. 83(1), pages 55-63, November.
    9. Tukur Garba PhD & Bilkisu Aliyu Abubakar, 2014. "Corporate Board Diversity and Financial Performance of Insurance Companies in Nigeria: An Application of Panel Data Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(2), pages 257-277, February.
    10. Knockaert, Mirjam & Bjornali, Ekaterina S. & Erikson, Truls, 2015. "Joining forces: Top management team and board chair characteristics as antecedents of board service involvement," Journal of Business Venturing, Elsevier, vol. 30(3), pages 420-435.
    11. Jesse Dillard & MaryAnn Reynolds, 2008. "Green Owl and the Corn Maiden," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 21(4), pages 556-579, May.
    12. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    13. Tukur Garba & Bilkisu Aliyu Abubakar, 2014. "Corporate Board Diversity and Financial Performance of Insurance Companies in Nigeria: An Application of Panel Data Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(2), pages 257-277.
    14. Cathrine Seierstad & Gill Kirton, 2015. "Having It All? Women in High Commitment Careers and Work–Life Balance in Norway," Gender, Work and Organization, Wiley Blackwell, vol. 22(4), pages 390-404, July.
    15. Stephen Brammer & Andrew Millington & Stephen Pavelin, 2007. "Gender and Ethnic Diversity Among UK Corporate Boards," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 393-403, March.
    16. Catherine M. Daily & S. Trevis Certo & Dan R. Dalton, 1999. "A decade of corporate women: some progress in the boardroom, none in the executive suite," Strategic Management Journal, Wiley Blackwell, vol. 20(1), pages 93-100, January.
    17. Maretno Harjoto & Indrarini Laksmana & Robert Lee, 2015. "Board Diversity and Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 132(4), pages 641-660, December.
    18. Farrell, Kathleen A. & Hersch, Philip L., 2005. "Additions to corporate boards: the effect of gender," Journal of Corporate Finance, Elsevier, vol. 11(1-2), pages 85-106, March.
    19. Caspar Rose, 2007. "Does female board representation influence firm performance? The Danish evidence," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 404-413, March.
    20. Silke Machold & Pervaiz Ahmed & Stuart Farquhar, 2008. "Corporate Governance and Ethics: A Feminist Perspective," Journal of Business Ethics, Springer, vol. 81(3), pages 665-678, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jan Luca Pletzer & Romina Nikolova & Karina Karolina Kedzior & Sven Constantin Voelpel, 2015. "Does Gender Matter? Female Representation on Corporate Boards and Firm Financial Performance - A Meta-Analysis," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-20, June.
    2. Mehdi Nekhili & Hayette Gatfaoui, 2013. "Are Demographic Attributes and Firm Characteristics Drivers of Gender Diversity? Investigating Women’s Positions on French Boards of Directors," Journal of Business Ethics, Springer, vol. 118(2), pages 227-249, December.
    3. Kent Baker, H. & Pandey, Nitesh & Kumar, Satish & Haldar, Arunima, 2020. "A bibliometric analysis of board diversity: Current status, development, and future research directions," Journal of Business Research, Elsevier, vol. 108(C), pages 232-246.
    4. Paul B. McGuinness & João Paulo Vieito & Mingzhu Wang, 2020. "Proactive government intervention, board gender balance, and stakeholder engagement in China and Europe," Asia Pacific Journal of Management, Springer, vol. 37(3), pages 719-762, September.
    5. Bedelev, Bogdan, 2023. "The more, the better? Diversification Trends in Executive and Supervisory Boards in Germany and their Potential Effects," Junior Management Science (JUMS), Junior Management Science e. V., vol. 8(3), pages 569-590.
    6. Steven A. Brieger & Claude Francoeur & Christian Welzel & Walid Ben-Amar, 2019. "Empowering Women: The Role of Emancipative Forces in Board Gender Diversity," Journal of Business Ethics, Springer, vol. 155(2), pages 495-511, March.
    7. Strøm, Reidar Øystein & D’Espallier, Bert & Mersland, Roy, 2014. "Female leadership, performance, and governance in microfinance institutions," Journal of Banking & Finance, Elsevier, vol. 42(C), pages 60-75.
    8. Katia Furlotti & Tatiana Mazza & Veronica Tibiletti & Silvia Triani, 2019. "Women in top positions on boards of directors: Gender policies disclosed in Italian sustainability reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(1), pages 57-70, January.
    9. Liu, Yonghong & Lei, Lijun & Buttner, E. Holly, 2020. "Establishing the boundary conditions for female board directors’ influence on firm performance through CSR," Journal of Business Research, Elsevier, vol. 121(C), pages 112-120.
    10. Ruth Mateos de Cabo & Ricardo Gimeno & María Nieto, 2012. "Gender Diversity on European Banks’ Boards of Directors," Journal of Business Ethics, Springer, vol. 109(2), pages 145-162, August.
    11. Bowo Setiyono & Amine Tarazi, 2018. "Does Diversity of Bank Board Members Affect Performance and Risk? Evidence from an Emerging Market," CSR, Sustainability, Ethics & Governance, in: Belén Díaz Díaz & Samuel O. Idowu & Philip Molyneux (ed.), Corporate Governance in Banking and Investor Protection, chapter 0, pages 185-218, Springer.
    12. Sanjukta Brahma & Chioma Nwafor & Agyenim Boateng, 2021. "Board gender diversity and firm performance: The UK evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5704-5719, October.
    13. Um‐E‐Roman Fayyaz & Raja Nabeel‐Ud‐Din Jalal & Michelina Venditti & Antonio Minguez‐Vera, 2023. "Diverse boards and firm performance: The role of environmental, social and governance disclosure," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1457-1472, May.
    14. Amélie Charles & Etienne Redor & Constantin Zopounidis, 2015. "The determinants of the existence of a critical mass of women on boards: A discriminant analysis," Post-Print hal-01188269, HAL.
    15. Mauro Romano & Alessandro Cirillo & Christian Favino & Antonio Netti, 2020. "ESG (Environmental, Social and Governance) Performance and Board Gender Diversity: The Moderating Role of CEO Duality," Sustainability, MDPI, vol. 12(21), pages 1-16, November.
    16. Amélie Charles & Etienne Redor & Constantin Zopounidis, 2015. "The determinants of the existence of a critical mass of women on boards: A discriminant analysis," Economics Bulletin, AccessEcon, vol. 35(3), pages 1809-1819.
    17. repec:ipg:wpaper:2014-450 is not listed on IDEAS
    18. Khwaja Naveed & Cosmina L. Voinea & Zahid Ali & Fawad Rauf & Cosmin Fratostiteanu, 2021. "Board Gender Diversity and Corporate Social Performance in Different Industry Groups: Evidence from China," Sustainability, MDPI, vol. 13(6), pages 1-15, March.
    19. López-Cabarcos, M. Ángeles & Vizcaíno-González, Marcos & López-Pérez, M. Luisa, 2023. "Gender diversity on boards: Determinants that underlie the proposals for female directors," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    20. Wang, Yun & Wilson, Craig & Li, Yanxi, 2021. "Gender attitudes and the effect of board gender diversity on corporate environmental responsibility," Emerging Markets Review, Elsevier, vol. 47(C).
    21. Konadu, Renata & Ahinful, Gabriel Sam & Boakye, Danquah Jeff & Elbardan, Hany, 2022. "Board gender diversity, environmental innovation and corporate carbon emissions," Technological Forecasting and Social Change, Elsevier, vol. 174(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:ecobur:v:4:y:2018:i:2:p:98-113:n:6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.