Department of Hospitality and Tourism Management

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GENDER DIVERSITY IN BOARD ROOMS AND MARKET VALUE OF DEPOSIT MONEY BANKS IN NIGERIA
(Hallmark University Journal of Management and Social Sciences (HUJMSS), 2019-02) Abiola-Oke, Elizabeth
The study examined the impact of gender diversity in board rooms on firm value of deposit money banks in Nigeria. The co-relational research design was adopted with the use of secondary data obtained from the annual reports of selected banks. A sample of thirteen banks was purposively drawn from the population of twenty-one listed deposit money banks on the floor of the Nigerian stock exchange as at December, 2017 over a seven-year period (2011-2017). The regression analysis was adopted for empirical evidence. Findings from the study show a positive but non-significant relationship between number of female board members and firm value of the sampled banks (β= 0.7143; t=0.6802). The study therefore concludes that gender diversity in board rooms has no significant impact on the firm value of deposit money banks in Nigeria. However, due to the apparent advantages of including women in management teams, as seen by the findings of many international studies as well as the need for gender equality, this study recommends that most Nigerian deposit money banks increase the currently small percentages of women on their boards.