The Vital Role of Gender Diversity on Corporate Outcomes: The Need for Empirical Studies Concerning Frontier Markets

  • Bazeet olayemi Badru School of Economic Finance and Banking (SEFB) and Othman Yeoh Abdullah Graduate School of Business (OYAGSB), Universiti Utara Malaysia, Sintok, Malaysia.
  • Hauwa Daniyan Bagudu Department of Banking and Finance. The Federal polytechnic Bida, Niger State
  • Abdulmumini Baba Alfa Department of Economics, Ibrahim Badamasi Babangida University Lapai, Niger State.
  • Abdulmumini Baba Alfa Department of Economics, Ibrahim Badamasi Babangida University Lapai, Niger State.
DOI: https://doi.org/10.5296/ajfa.v7i2.8404

Abstract

The purpose of the study is to review empirical studies related to gender diversity on corporate outcomes and suggest the need for more empirical research on gender diversity in frontier markets. Several empirical studies have identified the need for a critical mass of female directors and executives in corporate firms. This review further justifies the clamour for more female representation on boards globally. Nigeria is a country that has very weak corporate governance compared to the United States (US) and other developed countries. Therefore, the present study suggests that more empirical studies in this area should be carried out and widely explored. It is hoped that capital market regulatory authority can consider the need for 35% women in public institutions and corporate settings. In other words, there is an urgent need for the implementation of this policy as this would have implications for women’s development and career planning.

Published
2015-11-23
Issue
Vol. 7 No. 2 (2015)
Section
Research Articles

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