Title: Board gender diversity and financial performance of banks: evidence from India

Authors: Monika Bhatia; Pritpal Singh Bhullar; Dipayan Roy

Addresses: University Business School, MRSPTU, Bathinda, India ' University Business School, MRSPTU, Bathinda, India ' NICMAR University, Pune, India

Abstract: The goal of this study is to see how gender diversity on bank boards affects the value and profitability of the company. Financial institutions, both public and private, are examined in the study. Data from 28 Indian banks have been analysed for this study. Panel data analysis has been applied to data collected from 2012 to 2020. Private sector banks' stock values suffer when they have more than one woman on their board of directors; public sector banks' stock values benefit when this occurs. Our research demonstrates that ROA has a negative correlation with the gender diversity of boardrooms. We believe this is the first comparative study of its kind in the banking industry to focus on paper. It is recommended that policymakers increase the number of female board members so that they can serve as effective decision makers to improve the firm's performance.

Keywords: board gender diversity; banking sector; female directors; Blau index; firm value; profitability; India.

DOI: 10.1504/IJBPM.2023.129854

International Journal of Business Performance Management, 2023 Vol.24 No.2, pp.253 - 268

Received: 13 Jun 2022
Accepted: 03 Aug 2022
Published online: 31 Mar 2023 *

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