Diversity and return: the impact of diversity of board members’ education on performance

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dc.contributor.authorOsarfo, D.
dc.contributor.authorBoadi, I.
dc.date.accessioned2019-09-24T11:32:06Z
dc.date.available2019-09-24T11:32:06Z
dc.date.issued2019-05-07
dc.descriptionResearch Articleen_US
dc.description.abstractPurpose – This paper aims to examine the impact of diversity of board members’ educational qualifications on the financial performance of banks in Ghana. Design/methodology/approach – The present study applies system generalized methods of moments as an econometric model in carrying out the analysis. The study yielded a usable sample of 28 banks spanning from2001 to 2016. Findings – The paper concludes that the Ghanaian banking sector profit diverges and invalidates the convergence theory or ‘‘catch-up effect’’. Specifically, educational qualifications of board members are relevant to banks’ financial performance. Across all the models used, board members with a first degree have a significant positive impact on performance. The opposite is the case for board members with Doctor of Philosophy (PhD). Research limitations/implications – Unobservable characteristics such as entrepreneurial skills and intellectual competence experiences are excluded from the study because of the difficulties in measuring these variables. Notwithstanding, the exclusion of these characteristics does not invalidate the general outcome of the study. Originality/value – The present study examines the impact of diversity of board members’ educational qualification on financial performance in the context of Sub-Saharan Africa, particularly Ghana. It also extends the existing literature by decomposing the banking sector into listed, non-listed, foreign and domestic banks.en_US
dc.identifier.issn1472-0701
dc.identifier.otherDOI 10.1108/CG-01-2019-0017
dc.identifier.urihttp://ugspace.ug.edu.gh/handle/123456789/32266
dc.language.isoenen_US
dc.publisherCorporate Governance (Bingley)en_US
dc.relation.ispartofseries9;4
dc.subjectProfitabilityen_US
dc.subjectGhanaen_US
dc.subjectDiversityen_US
dc.subjectBoard memberen_US
dc.subjectSystem generalized methods of momentsen_US
dc.titleDiversity and return: the impact of diversity of board members’ education on performanceen_US
dc.typeArticleen_US

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