Role of Women Director on Productivity Performance: A Study on Listed Private Commercial Banks of Bangladesh
Article Sidebar
Main Article Content
Abstract
Efficiency measurement and productivity performance analysis now become a point of interest for many researchers'. Because it is established that efficient and productive banks could ensure superior performance by achieving the objective of wealth maximization. Board of Directors issues have also become an integral part of corporate governance studies. This study is conducted to know the bank efficiency and productivity change for the representation of women directors on board. This study examines the productivity and efficiency performance of twenty-two (22) listed private commercial banks in Bangladesh based on the Malmquist Productivity Index (Total Factor Productivity) over the period of 2007 to 2016. A low degree of relationship found between women directors representation in a board and productivity performance. But, there are significant differences found in productivity performance among the different generation banks.
Downloads
Metrics
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Alam, F. M., & Akhter, F. (2016). Impact of Corporate Governance on Performance of Commercial Banks in Banks in Bangladesh. The Cost and Management, 45(4), 1-8.
Angelidis, D., & Lyroudi, K. (2006). Efficiency in the Italian Banking Industry: Data Envelopment Analysis and Neural Networks. International Research Journal of Finance and Economics, 5, 155-165.
Ahmed, M. S., & Liza, F. F. (2013). Efficiency of Commercial Banks in Bangladesh-A Data Envelopment Analysis. European Journal of Economics, Finance and Administrative Science, 56, 130-152.
Bhattacharya, A., Lovell, C. A. K., & Sahay, P. (1997). The Impact of Liberalization on the Productive Efficiency of Indian Commercial Banks. European Journal of Operations Research, 98, 332-345.
Baten, A., Kasim, M. M., & Rahman, M. (2015). Cost and profit efficiency of online banks: Do national commercial banks perform better than private banks?. Journal of Internet Banking and Commerce, 20(3), 1-6.
Campbell, K., & Minguez-Vera, A. (2008). Gender Diversity in the boardroom and firm financial performance. Journal of Business Ethics, 83(3), 435-451.
Casu, B., Girardone, C., & Molyneux, P. (2004). Productivity Change in European Banking: A Comparison of Parametric and Non-Parametric Approaches. Journal of Banking & Finance, 28, 2521–2540.
Clarke, G., Cull, R., D’Amato, L., & Molinari, A. (2000). The Effect of Foreign Entry on Argentina’s Domestic Banking Sector.
Claessens, S., & Yurtoglub, B. B. (2013). Corporate governance in emerging markets: A survey. Emerging Markets Review, 15, 1–33.
Coelli, T. J. (1996). A Guide to DEAP version: A Data Envelopment Analysis (computer) Program, Centre for Efficiency and Productivity Analysis, Working Papers 96/08, Department of Econometrics, University of New England, Armidale, Australia.
Chu-Fen, L. (2004). Inefficiency, technical progress and productivity change in German banking: a category-based empirical study.The 4th International Symposium of DEA: Data Envelopment Analysis and Performance Management, Birmingham, UK, 206–212.
Depren, S. K., & Depren, O. (2016). Measuring Efficiency and Total Factor Productivity using Data Envelopment Analysis: An Empirical Study from Banks of Turkey. International Journal of Economics and Financial Issues, 6(2), 711-717.
Erhardt, N. L., Werbel, J. D., & Shrader, C. B. (2003). Board of Director diversity and financial performance, Corporate Governance: An International Review, 11(2), 102-111.
Farrell, K. A., & Hersch, P. L. (2005). Additions to corporate boards: the effect of gender. Journal of Corporate Finance, 11(1-2), 85-106.
Färe, R., & Grosskopf, S. (1992). Malmquist productivity indexes and Fisher ideal indexes. The Economic Journal, 102(410), 158-160.
Färe, R., Grosskopf, S., Lindren, B., & Roos, P. (1994). Productivity change in Swedish hospitals: a Malmquist output index approach.
Färe, R., Grosskopf, S., & Russel, R. (1998). Index numbers: Essays in honour of Sten Malmquist. Boston: Kluwer Academic Publishers.
Grifell-Tatj, E., & Lovell, C. A. K. (1995). A note on the Malmquist productivity index. Economics Letters, 47, 169-175
Guarda, P., & Rouabah, A. (2009). Bank Productivity and Efficiency in Luxembourg: Malmquist Indices from a Parametric Output Distance Function, SUERF Studies: 2009, 4, 151-166.
Isik, I., & Hassan, M. K. (2002). Cost and profit efficiency of the Turkish banking industry: An empirical investigation. Financial Review, 37(2), 257-279.
Idris, A. (2014). Measuring efficiency of Islamic banks in Bangladesh: An application of data envelopment analysis. Manarat International University Studies, 4(1), 12-24.
Islam, J., Rahman, A. M., & Hasan, H. M. (2013). Efficiency of Islamic Banks-A Comparative Study on South-East Asia and South Asian Region. Proceedings of 9th Asian Business Research Conference, 20-21.
Jahan, N. (2019). Productivity Analysis of Commercial Banks of Bangladesh: A Malmquist Productivity Index Approach. International Journal of Economics and Financial Issues, 9(1), 108-115.
Kirer, H. (2013). Malmquist Indices of Productivity Change in Turkish Banking Sector for the Period Between 2002-2011. Journal of Social Policy, 64-65(1-2), 75-86.
Kalluci, I. (2018). Albanian banking sector productivity using malmquist index. Research Journal of Finance and Accounting, 9(12), 1-8.
Kao, C., & Liu, S. T. (2014). Measuring performance improvement of Taiwanese commercial banks under uncertainty, European Journal of Operational Research, 235(3), 755–764.
Kirikal, L. (2005). Productivity, the Malmquist Index and the Empirical Study of Banks in Estonia. PhD thesis, Tallinn University of Technology. https://digi.lib.ttu.ee/archives/2006/2006-07/1153225915.pdf, 2005.
Kumbhakar, S. C., & Lozano-Vivas, A. (2005). Deregulation and Productivity: The Case of Spanish Banks. Journal of Regulatory Economics, 27, 331–351.
Lee, J. S., Lan, L. L., & Rowley, C. (2014). Why might females say not to corporate board position? The Asia Pacific Comparison. Asia pacific Business Review, 20, 513-522.
Mahbub, T. (2016). The performance of Bangladeshi Commercial Banks: The Role of Corporate Governance. A thesis submitted to fulfillment of Degree of Doctor of Philosophy at University of Manchester.
Mahadeio, J. D., Soobaroyen, T., & Hanuman, V. O. (2012). Board composition and financial performance: Uncovering the effects of diversity in an emerging economy. Journal of Business Ethics, 105(3), 375-388.
Marković, M., Knežević, S., Brown, A., & Dmitrović, V. (2015). Measuring the productivity of Serbian banks using Malmquist index. Management: Journal of Sustainable Business and Management Solutions in Emerging Economies, 20(76), 1-10.
Mohamed, Z., Clayton, G. J., & Isa, M.Y. M. (2015). Embedding Economics Excellence: A Transformational Definition of ‘Corporate Governance’ for Malaysia. Journal of Mod. Account. Audit, 11, 124-129.
Mohan, A., & Chadramohan, S. (2018). Impact of Corporate Governance on Firm Performance: Empirical Evidence from India. International Journal of Research in Humanities, Arts and Literature, 6(2), 209-218.
Post, C., & Byron, K. (2015). Women on boards and firm financial performance: A meta-analysis. Academy of Management Journal, 58(5), 1546-1571.
Robin, I., Salim, R., & Bolch, H. (2017). Cost efficiency in Bangladesh baking: does financial reform matter?. Applied Economics. http://dx.doi.org/10.1080/00036846.2017.1346361.
Sheu, H. J., & Yang, C. Y. (2005). Insider ownership and firm performance in Taiwan’s electronics Industry: a technical efficiency perspective. Managerial and Decision Economics, 26(5), 307-318.
Sufian, F. (2011). Banks total factor productivity change in a developing economy: Does ownership and origins matter?. Journal of Asian Economics, 22(1), 84-98.
Sufian, F., & Kamarudin, F. (2014). Efficiency and returns to scale in the Bangladesh banking sector: Empirical evidence from the slack-based DEA method. Engineering Economics, 25(5), 549-557.
Sufian, F., & Habibullah, S. M. (2014). Banks’ total factor productivity growth in a developing economy: does globalization matter?. Journal of International Development, 26, 821–852.
Thanassoulis, E. (2001). Introduction to the Theory and Application of Data Envelopment Analysis: A Foundation Text with Integrated Software, Boston, USA: Kluwer Academic Publishers.
Uribe‐Bohorquez, M. V., Martínez‐Ferrero, J., & García‐Sánchez, I. M. (2019). Women on boards and efficiency in a business‐orientated environment. Corporate Social Responsibility and Environmental Management, 26(1), 82-96.
Varesi, L. (2015). Measuring the productivity of a mainly foreign owned banking sector using non- parametric approach; Case of Albania. The 2015 WEI International Academic Conference Proceedings, Athens, Greece, 37-56.
Von Bergen, C. W., Soper, B., & Parnell, J. A. (2005). Workforce diversity and organizational performance. Equal Opportunity International, 24, 1-16.
Van der Walt, N., & Ingley, C. (2003). Board dynamics and the influence of professional background, gender and ethnic diversity of directors. Corporate Governance: An International Review, 11(3), 218-234.
Wang, D., & Kumbhakar, S. C. (2009). Strategic groups and heterogeneous technologies: An application to the US banking industry. Macroeconomics and Finance in Emerging Market Economies, 2(1), 31-57.
Yilmaz, C., & Buyuklu, A. H. (2016). Impacts of Corporate Governance on Firm Performance: Turkey with Panel data Analysis.Eurasian Journal of Economics and Finance, 4(1), 56-72.
Zelenyuk, V., & Zheka, V. (2006). Corporate governance and firm’s efficiency: the case of transitional country. Ukrain. Journal of Production Analysis, 25, 143-157.