Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors

Corporate governance codes around the world promote women’s presence in corporate board. The extant literature suggests women directors contribute to improve monitoring and advisory role of the board. This study aims to examine the role of independent women directors in improving banks’ efficiency....

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Main Authors:	Ramly, Zulkufly, Chan, Sok Gee, Mustapha, Mohd Zulkhairi, Sapiei, Noor Sharoja
Format:	Article
Language:	English English English
Published:	Springer-Verlag Berlin Heidelberg 2017
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/47711/ http://irep.iium.edu.my/47711/ http://irep.iium.edu.my/47711/ http://irep.iium.edu.my/47711/1/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5.pdf http://irep.iium.edu.my/47711/2/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5_SCOPUS.pdf http://irep.iium.edu.my/47711/3/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5_WoS.pdf

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spelling	iium-477112017-07-12T06:46:20Z http://irep.iium.edu.my/47711/ Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors Ramly, Zulkufly Chan, Sok Gee Mustapha, Mohd Zulkhairi Sapiei, Noor Sharoja HG1501 Banking Corporate governance codes around the world promote women’s presence in corporate board. The extant literature suggests women directors contribute to improve monitoring and advisory role of the board. This study aims to examine the role of independent women directors in improving banks’ efficiency. Using 102 commercial banks from ASEAN-5 countries for a period of 1999–2012, we run generalized method of moments models to test the relationship between the variables. Our results show that banks with independent women directors on board contribute significantly to the bank’s efficiency level. Contrary to the literature, we found that the appointment of women directors or independent directors alone does not significantly enhance banks’ efficiency. The result suggests that women directors are more effective on boards if they are also appointed as independent directors. This finding implies that a combination of corporate governance mechanism is more powerful than relying on a single element of corporate governance. Springer-Verlag Berlin Heidelberg 2017-01-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47711/1/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5.pdf application/pdf en http://irep.iium.edu.my/47711/2/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5_SCOPUS.pdf application/pdf en http://irep.iium.edu.my/47711/3/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5_WoS.pdf Ramly, Zulkufly and Chan, Sok Gee and Mustapha, Mohd Zulkhairi and Sapiei, Noor Sharoja (2017) Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors. Review of Managerial Sciences, 11 (1). pp. 225-250. ISSN 1863-6683 (In Press) http://link.springer.com/journal/11846 10.1007/s11846-015-0186-4
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Ramly, Zulkufly Chan, Sok Gee Mustapha, Mohd Zulkhairi Sapiei, Noor Sharoja Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors
description	Corporate governance codes around the world promote women’s presence in corporate board. The extant literature suggests women directors contribute to improve monitoring and advisory role of the board. This study aims to examine the role of independent women directors in improving banks’ efficiency. Using 102 commercial banks from ASEAN-5 countries for a period of 1999–2012, we run generalized method of moments models to test the relationship between the variables. Our results show that banks with independent women directors on board contribute significantly to the bank’s efficiency level. Contrary to the literature, we found that the appointment of women directors or independent directors alone does not significantly enhance banks’ efficiency. The result suggests that women directors are more effective on boards if they are also appointed as independent directors. This finding implies that a combination of corporate governance mechanism is more powerful than relying on a single element of corporate governance.
format	Article
author	Ramly, Zulkufly Chan, Sok Gee Mustapha, Mohd Zulkhairi Sapiei, Noor Sharoja
author_facet	Ramly, Zulkufly Chan, Sok Gee Mustapha, Mohd Zulkhairi Sapiei, Noor Sharoja
author_sort	Ramly, Zulkufly
title	Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors
title_short	Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors
title_full	Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors
title_fullStr	Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors
title_full_unstemmed	Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors
title_sort	women on boards and bank efficiency in asean-5: the moderating role of the independent directors
publisher	Springer-Verlag Berlin Heidelberg
publishDate	2017
url	http://irep.iium.edu.my/47711/ http://irep.iium.edu.my/47711/ http://irep.iium.edu.my/47711/ http://irep.iium.edu.my/47711/1/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5.pdf http://irep.iium.edu.my/47711/2/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5_SCOPUS.pdf http://irep.iium.edu.my/47711/3/47711_Women%20on%20boards%20and%20bank%20efficiency%20in%20ASEAN-5_WoS.pdf
first_indexed	2023-09-18T21:07:51Z
last_indexed	2023-09-18T21:07:51Z
_version_	1777411053803536384

Women on boards and bank efficiency in ASEAN-5: the moderating role of the independent directors

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