DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY?
This study investigates how gender diversity and CEO culture affect sustainability performance in the banking industry. The sample used in the study was drawn from listed banks on the floor of the NGX group. The data were obtained from the Bloomberg Database with 88 firm-year observations (2011 to 2...
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| Format: | Article |
| Language: | English |
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Bank Indonesia
2024-01-01
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| Series: | Journal of Central Banking Law and Institutions |
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| Online Access: | https://jcli-bi.org/index.php/jcli/article/view/168 |
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| author | Adamu Idris Adamu Ismaila Yusuf Ahmed Jinjiri Bala |
| author_facet | Adamu Idris Adamu Ismaila Yusuf Ahmed Jinjiri Bala |
| author_sort | Adamu Idris Adamu |
| collection | DOAJ |
| description | This study investigates how gender diversity and CEO culture affect sustainability performance in the banking industry. The sample used in the study was drawn from listed banks on the floor of the NGX group. The data were obtained from the Bloomberg Database with 88 firm-year observations (2011 to 2018). The regression estimate is based on a panel data approach. We found that female directors’ and CEOs’ cultures have greater tendencies to enhance sustainability performance proxied by ESG. Thus, the findings provide additional insight into the existing literature on sustainability and diversity initiatives as well as the resource dependency theory. It also adds to the existing literature on sustainability reporting. The findings, moreover, allude to the initiatives of the regulatory authority in the industry that emphasise the need to have a diversified board that includes female directors and other forms of diversity, for example, ethnicity. |
| format | Article |
| id | doaj-art-b3e15c58ada14279ac2edf9039a7d8e2 |
| institution | DOAJ |
| issn | 2827-7775 2809-9885 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Bank Indonesia |
| record_format | Article |
| series | Journal of Central Banking Law and Institutions |
| spelling | doaj-art-b3e15c58ada14279ac2edf9039a7d8e22025-08-20T03:11:18ZengBank IndonesiaJournal of Central Banking Law and Institutions2827-77752809-98852024-01-0131375610.21098/jcli.v3i1.168168DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY?Adamu Idris Adamu0Ismaila Yusuf1Ahmed Jinjiri Bala2Federal University Dutsin-Ma, NigeriaFederal University Dutsin-Ma, NigeriaFederal University Dutsin-Ma, NigeriaThis study investigates how gender diversity and CEO culture affect sustainability performance in the banking industry. The sample used in the study was drawn from listed banks on the floor of the NGX group. The data were obtained from the Bloomberg Database with 88 firm-year observations (2011 to 2018). The regression estimate is based on a panel data approach. We found that female directors’ and CEOs’ cultures have greater tendencies to enhance sustainability performance proxied by ESG. Thus, the findings provide additional insight into the existing literature on sustainability and diversity initiatives as well as the resource dependency theory. It also adds to the existing literature on sustainability reporting. The findings, moreover, allude to the initiatives of the regulatory authority in the industry that emphasise the need to have a diversified board that includes female directors and other forms of diversity, for example, ethnicity.https://jcli-bi.org/index.php/jcli/article/view/168 corporate diversitygender diversityceo culturesustainability |
| spellingShingle | Adamu Idris Adamu Ismaila Yusuf Ahmed Jinjiri Bala DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY? Journal of Central Banking Law and Institutions corporate diversity gender diversity ceo culture sustainability |
| title | DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY? |
| title_full | DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY? |
| title_fullStr | DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY? |
| title_full_unstemmed | DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY? |
| title_short | DO GENDER DIVERSITY AND CEO CULTURE AFFECT SUSTAINABILITY PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY? |
| title_sort | do gender diversity and ceo culture affect sustainability performance in the nigerian banking industry |
| topic | corporate diversity gender diversity ceo culture sustainability |
| url | https://jcli-bi.org/index.php/jcli/article/view/168 |
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