Зв'язок між гендерною різноманітністю в раді директорів та ефективністю діяльності підприємства: огляд останніх досліджень з Нігерії
DOI:
https://doi.org/10.26661/2522-1566/2025-3/33-03Ключові слова:
гендерне різноманіття ради директорів, різноманіття, ефективність діяльності компанії, НігеріяАнотація
Метою цього дослідження є огляд останніх емпіричних робіт, присвячених взаємозв’язку між гендерним різноманіттям у складі ради директорів (BGD) та ефективністю діяльності компаній, із фокусом на нігерійському контексті. У роботі використано метод системного огляду літератури, який охоплює 24 емпіричні дослідження. Рецензовані статті було відібрано з баз даних Google Scholar та African Journals Online. Автори ретельно проаналізували 24 статті, щоб надати узагальнену картину сучасного стану взаємозв’язку між BGD та результативністю компаній. Усі дослідження, включені до огляду, є рецензованими емпіричними роботами, присвяченими Нігерії, опублікованими не раніше 2020 року. Результати огляду свідчать, що більшість статей підтверджують суттєвий і позитивний вплив гендерного різноманіття в раді директорів на фінансову ефективність компаній. Отримані результати демонструють, що фінансовим показникам приділяється значно більше уваги, ніж іншим аспектам діяльності. Водночас література підкреслює важливість BGD для розвитку соціальних та екологічних результатів діяльності. Отже, гендерне різноманіття у складі ради директорів сприяє підвищенню різних параметрів ефективності компаній. BGD для ефективності компаній, надаючи обмежені практичні висновки для нігерійських підприємств. Для подальшого розвитку цієї теми майбутні дослідження мають бути спрямовані на глибше розуміння того, як саме гендерне різноманіття ради директорів впливає на ефективність компаній та яку роль воно відіграє у контекстуальних чинниках, що визначають результати діяльності. Це перше дослідження, що узагальнює новітні емпіричні праці про BGD та ефективність компаній у Нігерії, тим самим розширюючи наявні знання шляхом інтеграції результатів різних робіт.
JEL Classification: M10, M140, L250
Посилання
Abiodun, S. W., Rotimi, S. M., Menslu, S., Zhaxat, K., Tursynzada, K., & Hammed, A. B. (2023). Board gender diversity and corporate social responsbility. Cogent Business & Management, 10(3). https://doi.org/10.1080/23311975.2023.2257834
Adamu, A. I., Yusuf, I., & Bala, A. J. (2024). Do gender diversity and CEO culture affect sustainability performance in the Nigerian banking industry? Journal of Central Banking Law and Institutions, 3(1), 37–56. https://doi.org/10.21098/jcli.v3i1.168
Adekunle, S. A., Okere, O. O., Kokogho, E., Kokogho, E., & Odio, P. E. (2024). Board characteristics and corporate performance: Evidence from the Nigerian oil and gas companies. Oradea Journal of Business and Economics, 9(1), 87–97. https://doi.org/10.47535/1991ojbe184
Afolabi, B., Aribaba, O. F., Ahmodu, L. O., Akinrinola, O. M., & Oyadendan, E. A. (2022). Board gender diversity and financial performance of listed deposit money banks in Nigeria. Gender and Behavior, 20(4), 20754–20762.
Ahiase, G., Nugraha, N., Sari, M., Andriana, D., Kpodo, C. P., & Ampomah, P. (2024). Board gender diversity and financial stability: The moderating effect of board independence. Jurnal Aset, 16(1), 151–162.
Ali, M. A., & Aminu, Y. I. (2021). Board attributes and financial performance of listed oil and gas companies in Nigeria. Lapai Journal of Economics, 5(1), 109–122.
Bui, H., & Krajcsák, Z. (2023). The impacts of corporate governance on firms’ performance: from theories and approaches to empirical findings. Journal of Financial Regulation and Compliance, 32(1), 18–46. https://doi.org/10.1108/jfrc-01-2023-0012
Chijoke-Mgbame, A. M., Boateng, A., & Mgbame, C. O. (2020). Board gender diversity, audit committee and financial performance: evidence from Nigeria. Accounting Forum, 44(3), 262–286. https://doi.org/10.1080/01559982.2020.1766280
Egbunike, C. F., Igbinovia, I. M., Oranefo, C. P., & Iyoha, A. I. (2023). Gender heterogeneity in the boardroom and corporate sustainability performance of quoted manufacturing firms in Nigeria. Asian Journal of Accounting Research, 8(4), 334–347. https://doi.org/10.1108/ajar-01-2022-0014
Elaigwu, M., Ugwu, J. I., Alghorbany, A., Ngwoke, O. M., Ude, A. O., Desmond, O. C., & Audu, P. (2024). Sustainability disclosure quality of Nigerian listed firms: the role of female leadership, board communication, and external assurance. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2376774
Erin, O., Adegboye, A., & Bamigboye, O. A. (2021). Corporate governance and sustainability reporting quality: evidence from Nigeria. Sustainability Accounting Management and Policy Journal, 13(3), 680–707. https://doi.org/10.1108/sampj-06-2020-0185
Herbert, W. E., & Agwor, T. C. (2021). Board composition and corporate performance: X-raying the Nexus in Nigerian banks. Global Business Review. https://doi.org/10.1177/09721509211049593
Igbekoyi, O. E., Adegbayibi, A. T., & Adesina, A. S. (2021). Female Directors and Corporate social performance of listed deposit Money Banks in Nigeria. Journal of African Research in Business & Technology, 1–14. https://doi.org/10.5171/2021.811467
International Finance Corporation. (2019). Women on boards in Nigeria. Washington DC: International Finance Corporation
Isola, W. A., Adeleye, B. N., & Olohunlana, A. O. (2020). Boardroom female participation, intellectual capital efficiency and firm performance in developing countries. Journal of Economics Finance and Administrative Science, 25(50), 413–424. https://doi.org/10.1108/jefas-03-2019-0034
Jayaraman, J., Smita, R., & Nilakantan, N. (2025). The impact of board gender diversity on firm performance: Does critical mass matter? Journal of Applied Accounting Research. https://doi.org/10.1108/jaar-12-2022-0336
Kabara, A. S., Khatib, S. F. A., Bazhair, A. H., & Sulimany, H. G. H. (2022). The Effect of the Board’s Educational and Gender Diversity on the Firms’ Performance: Evidence from Non-Financial Firms in Developing Country. Sustainability, 14(17), 11058. https://doi.org/10.3390/su141711058
Kabir, A., Ikra, S. S., Saona, P., & Azad, M. a. K. (2023). Board gender diversity and firm performance: new evidence from cultural diversity in the boardroom. LBS Journal of Management & Research, 21(1), 1–12. https://doi.org/10.1108/lbsjmr-06-2022-0022
Lee, K. W., & Thong, T. Y. (2023). Board gender diversity, firm performance and corporate financial distress risk: international evidence from tourism industry. Equality Diversity and Inclusion an International Journal, 42(4), 530–550. https://doi.org/10.1108/edi-11-2021-0283
Low, D. C., Roberts, H., & Whiting, R. H. (2015). Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and Singapore. Pacific-Basin Finance Journal, 35, 381–401. https://doi.org/10.1016/j.pacfin.2015.02.008
Marquez-Cardenas, V., Gonzalez-Ruiz, J. D., & Duque-Grisales, E. (2022). Board gender diversity and firm performance: evidence from Latin America. Journal of Sustainable Finance & Investment, 12(3), 785–808. https://doi.org/10.1080/20430795.2021.2017256
Mensah, E., & Onumah, J. M. (2023). Women on boards, firm earnings management (EM) and performance nexus: does gender diversity moderate the EM–performance relationship? Corporate Governance, 23(5), 945–976. https://doi.org/10.1108/cg-06-2022-0262
Mustapha, F. G., Adamu, I. A., & Abdullahi, Z. (2024). Why is Gender Diversity Important for Corporate Boards? Deleted Journal. https://doi.org/10.47852/bonviewjcbar42022467
Mwakitalima, H., & Mnzava, B. (2023). Board Characteristics and Bank Performance: Evidence from Selected African Countries. African Journal of Accounting and Social Sciences, 5(2), 144–167.
Olanrewaju, I. S., Ishola, A. K., Nurudeen, S. O., & Ayuba, I. A. (2020). Impact of board diversity on corporate social responsibility of listed oil and gas firms in Nigeria. International Journal of Management and Sustainability, 9(4), 194–206. https://doi.org/10.18488/journal.11.2020.94.194.206
Okeyide, O.D. (2023). Does the presence of ethnic and gender diverse directorships impact firm performance? A Multisector Study of Board Diversity in Nigeria. In: Mordi, C., Ajonbadi, H.A., Adekoya, O.D., Adisa, T.A. (eds) Managing Human Resources in Africa. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-33878-6_7
Okoyeuzu, C., Ujunwa, A., Ujunwa, A. I., & Onah, E. O. (2021). Independent board, gender diversity and bank performance in Nigeria: a system-GMM approach. Gender in Management an International Journal, 36(6), 677–696. https://doi.org/10.1108/gm-04-2020-0129
Omenihu, C. M., Abdrakhmanova, M., & Koufopoulos, D. N. (2025). Board Gender Diversity and Environmental, Social, and Governance (ESG) disclosure in developed countries. Administrative Sciences, 15(4), 141. https://doi.org/10.3390/admsci15040141
Osahon, O. H. & Hassan, Y. G. (2021). Board Cultural Diversity and Firm Performance. Humanities and Social Sciences Letters, 9(2), 152–161. https://doi.org/10.18488/journal.73.2021.92.152.161
Trireksani, T., Djajadikerta, H. G., Kamran, M., & Butt, P. (2024). The impact of country characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective. Sustainability, 16(7), 3057. https://doi.org/10.3390/su16073057
Tuo, S. J., Chang, L., Tesfagebreal, M., & Edjoukou, A. J. R. (2021). Gender diversity inclusive board structure and firm performance: Evidence from West Africa. Journal of Corporate Accounting & Finance, 32(4), 118–131. https://doi.org/10.1002/jcaf.22519
Urhoghide, O. R., & Obera, O. J. J. (2020). Board attributes and financial performance of food and beverage companies quoted on the Nigerian Stock Exchange. Lapai Journal of Economics, 4(2), 42–55
Pal, K. K., Piaget, K., Baller, S., & Zahidi, S. (2024). Global gender gap 2024 – Insight report. Geneva: World Economic Forum
Zhang, L. (2020). An institutional approach to gender diversity and firm performance. Organization Science, 31(2), 439–457. https://doi.org/10.1287/orsc.2019.1297
Adamu, A. I., Yusuf, I., & Bala, A. J. (2024). Do gender diversity and CEO culture affect sustainability performance in the Nigerian banking industry? Journal of Central Banking Law and Institutions, 3(1), 37–56. https://doi.org/10.21098/jcli.v3i1.168
Adekunle, S. A., Okere, O. O., Kokogho, E., Kokogho, E., & Odio, P. E. (2024). Board characteristics and corporate performance: Evidence from the Nigerian oil and gas companies. Oradea Journal of Business and Economics, 9(1), 87–97. https://doi.org/10.47535/1991ojbe184
Afolabi, B., Aribaba, O. F., Ahmodu, L. O., Akinrinola, O. M., & Oyadendan, E. A. (2022). Board gender diversity and financial performance of listed deposit money banks in Nigeria. Gender and Behavior, 20(4), 20754–20762.
Ahiase, G., Nugraha, N., Sari, M., Andriana, D., Kpodo, C. P., & Ampomah, P. (2024). Board gender diversity and financial stability: The moderating effect of board independence. Jurnal Aset, 16(1), 151–162.
Ali, M. A., & Aminu, Y. I. (2021). Board attributes and financial performance of listed oil and gas companies in Nigeria. Lapai Journal of Economics, 5(1), 109–122.
Bui, H., & Krajcsák, Z. (2023). The impacts of corporate governance on firms’ performance: from theories and approaches to empirical findings. Journal of Financial Regulation and Compliance, 32(1), 18–46. https://doi.org/10.1108/jfrc-01-2023-0012
Chijoke-Mgbame, A. M., Boateng, A., & Mgbame, C. O. (2020). Board gender diversity, audit committee and financial performance: evidence from Nigeria. Accounting Forum, 44(3), 262–286. https://doi.org/10.1080/01559982.2020.1766280
Egbunike, C. F., Igbinovia, I. M., Oranefo, C. P., & Iyoha, A. I. (2023). Gender heterogeneity in the boardroom and corporate sustainability performance of quoted manufacturing firms in Nigeria. Asian Journal of Accounting Research, 8(4), 334–347. https://doi.org/10.1108/ajar-01-2022-0014
Elaigwu, M., Ugwu, J. I., Alghorbany, A., Ngwoke, O. M., Ude, A. O., Desmond, O. C., & Audu, P. (2024). Sustainability disclosure quality of Nigerian listed firms: the role of female leadership, board communication, and external assurance. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2376774
Erin, O., Adegboye, A., & Bamigboye, O. A. (2021). Corporate governance and sustainability reporting quality: evidence from Nigeria. Sustainability Accounting Management and Policy Journal, 13(3), 680–707. https://doi.org/10.1108/sampj-06-2020-0185
Herbert, W. E., & Agwor, T. C. (2021). Board composition and corporate performance: X-raying the Nexus in Nigerian banks. Global Business Review. https://doi.org/10.1177/09721509211049593
Igbekoyi, O. E., Adegbayibi, A. T., & Adesina, A. S. (2021). Female Directors and Corporate social performance of listed deposit Money Banks in Nigeria. Journal of African Research in Business & Technology, 1–14. https://doi.org/10.5171/2021.811467
International Finance Corporation. (2019). Women on boards in Nigeria. Washington DC: International Finance Corporation
Isola, W. A., Adeleye, B. N., & Olohunlana, A. O. (2020). Boardroom female participation, intellectual capital efficiency and firm performance in developing countries. Journal of Economics Finance and Administrative Science, 25(50), 413–424. https://doi.org/10.1108/jefas-03-2019-0034
Jayaraman, J., Smita, R., & Nilakantan, N. (2025). The impact of board gender diversity on firm performance: Does critical mass matter? Journal of Applied Accounting Research. https://doi.org/10.1108/jaar-12-2022-0336
Kabara, A. S., Khatib, S. F. A., Bazhair, A. H., & Sulimany, H. G. H. (2022). The Effect of the Board’s Educational and Gender Diversity on the Firms’ Performance: Evidence from Non-Financial Firms in Developing Country. Sustainability, 14(17), 11058. https://doi.org/10.3390/su141711058
Kabir, A., Ikra, S. S., Saona, P., & Azad, M. a. K. (2023). Board gender diversity and firm performance: new evidence from cultural diversity in the boardroom. LBS Journal of Management & Research, 21(1), 1–12. https://doi.org/10.1108/lbsjmr-06-2022-0022
Lee, K. W., & Thong, T. Y. (2023). Board gender diversity, firm performance and corporate financial distress risk: international evidence from tourism industry. Equality Diversity and Inclusion an International Journal, 42(4), 530–550. https://doi.org/10.1108/edi-11-2021-0283
Low, D. C., Roberts, H., & Whiting, R. H. (2015). Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and Singapore. Pacific-Basin Finance Journal, 35, 381–401. https://doi.org/10.1016/j.pacfin.2015.02.008
Marquez-Cardenas, V., Gonzalez-Ruiz, J. D., & Duque-Grisales, E. (2022). Board gender diversity and firm performance: evidence from Latin America. Journal of Sustainable Finance & Investment, 12(3), 785–808. https://doi.org/10.1080/20430795.2021.2017256
Mensah, E., & Onumah, J. M. (2023). Women on boards, firm earnings management (EM) and performance nexus: does gender diversity moderate the EM–performance relationship? Corporate Governance, 23(5), 945–976. https://doi.org/10.1108/cg-06-2022-0262
Mustapha, F. G., Adamu, I. A., & Abdullahi, Z. (2024). Why is Gender Diversity Important for Corporate Boards? Deleted Journal. https://doi.org/10.47852/bonviewjcbar42022467
Mwakitalima, H., & Mnzava, B. (2023). Board Characteristics and Bank Performance: Evidence from Selected African Countries. African Journal of Accounting and Social Sciences, 5(2), 144–167.
Olanrewaju, I. S., Ishola, A. K., Nurudeen, S. O., & Ayuba, I. A. (2020). Impact of board diversity on corporate social responsibility of listed oil and gas firms in Nigeria. International Journal of Management and Sustainability, 9(4), 194–206. https://doi.org/10.18488/journal.11.2020.94.194.206
Okeyide, O.D. (2023). Does the presence of ethnic and gender diverse directorships impact firm performance? A Multisector Study of Board Diversity in Nigeria. In: Mordi, C., Ajonbadi, H.A., Adekoya, O.D., Adisa, T.A. (eds) Managing Human Resources in Africa. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-33878-6_7
Okoyeuzu, C., Ujunwa, A., Ujunwa, A. I., & Onah, E. O. (2021). Independent board, gender diversity and bank performance in Nigeria: a system-GMM approach. Gender in Management an International Journal, 36(6), 677–696. https://doi.org/10.1108/gm-04-2020-0129
Omenihu, C. M., Abdrakhmanova, M., & Koufopoulos, D. N. (2025). Board Gender Diversity and Environmental, Social, and Governance (ESG) disclosure in developed countries. Administrative Sciences, 15(4), 141. https://doi.org/10.3390/admsci15040141
Osahon, O. H. & Hassan, Y. G. (2021). Board Cultural Diversity and Firm Performance. Humanities and Social Sciences Letters, 9(2), 152–161. https://doi.org/10.18488/journal.73.2021.92.152.161
Trireksani, T., Djajadikerta, H. G., Kamran, M., & Butt, P. (2024). The impact of country characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective. Sustainability, 16(7), 3057. https://doi.org/10.3390/su16073057
Tuo, S. J., Chang, L., Tesfagebreal, M., & Edjoukou, A. J. R. (2021). Gender diversity inclusive board structure and firm performance: Evidence from West Africa. Journal of Corporate Accounting & Finance, 32(4), 118–131. https://doi.org/10.1002/jcaf.22519
Urhoghide, O. R., & Obera, O. J. J. (2020). Board attributes and financial performance of food and beverage companies quoted on the Nigerian Stock Exchange. Lapai Journal of Economics, 4(2), 42–55
Pal, K. K., Piaget, K., Baller, S., & Zahidi, S. (2024). Global gender gap 2024 – Insight report. Geneva: World Economic Forum
Zhang, L. (2020). An institutional approach to gender diversity and firm performance. Organization Science, 31(2), 439–457. https://doi.org/10.1287/orsc.2019.1297
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Опубліковано
2025-10-20
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Як цитувати
Ononye, U.H. and Aloamaka, J.I. (2025) “Зв’язок між гендерною різноманітністю в раді директорів та ефективністю діяльності підприємства: огляд останніх досліджень з Нігерії”, Менеджмент та підприємництво: тренди розвитку, 3(33), pp. 38–49. doi:10.26661/2522-1566/2025-3/33-03.
