%0 Journal Article %1 noauthororeditor %D 2021 %E Obeng-Ofori, Professor Daniel %J International Journal Of Multidisciplinary Studies And Innovative Research %K The and banks board characteristics directors’ effect examine financial its listed of on performance. purpose study this to was %N 5 %P 619-622 %R 10.21681/IJMSIR-0.1.047.1035-2021 %T BOARD OF DIRECTORS’ CHARACTERISTICS AND BANKS’ PERFORMANCE: A CASE OF LISTED BANKS IN GHANA. %U https://www.ijmsir.org/ %V 5 %X The purpose of this study was to examine board of directors’ characteristics and its effect on listed banks financial performance. A total of eleven (11) listed banks were covered by the study, spanning from 2010 to 2017 (a period of 8 years). A panel regression analysis (fixed, random effect and Hausman test) was used. In relation to board characteristics, the results found that 27.8% were executive directors, 72.7 percent of the board of directors are independent directors, and 17.5 percent of the board are females and on an average 9 members constitute the size of listed banks board. Further, board size and bank age have significant positive effect on listed banks’ performance (ROE and ROA). However, total asset has only positive significant effect on ROA. The study therefore, concludes that, increase in board size ensures effective scrutiny leading to enhance banks’ performance, whereas, increase in board independence does not automatically result in increase in banks’ financial performance. The study further recommends that policy makers must strictly enforce gender quota representation on banks board, and Future researchers could examine the rationale behind the inverse relation between board independence and banks performance (ROA). %@ 2737-7180

@article{noauthororeditor, abstract = {The purpose of this study was to examine board of directors’ characteristics and its effect on listed banks financial performance. A total of eleven (11) listed banks were covered by the study, spanning from 2010 to 2017 (a period of 8 years). A panel regression analysis (fixed, random effect and Hausman test) was used. In relation to board characteristics, the results found that 27.8% were executive directors, 72.7 percent of the board of directors are independent directors, and 17.5 percent of the board are females and on an average 9 members constitute the size of listed banks board. Further, board size and bank age have significant positive effect on listed banks’ performance (ROE and ROA). However, total asset has only positive significant effect on ROA. The study therefore, concludes that, increase in board size ensures effective scrutiny leading to enhance banks’ performance, whereas, increase in board independence does not automatically result in increase in banks’ financial performance. The study further recommends that policy makers must strictly enforce gender quota representation on banks board, and Future researchers could examine the rationale behind the inverse relation between board independence and banks performance (ROA).}, added-at = {2021-11-18T09:44:44.000+0100}, biburl = {https://www.bibsonomy.org/bibtex/26eb0ca69b163474277ae3b21c643b854/ijmsir}, description = {Good Paper}, doi = {10.21681/IJMSIR-0.1.047.1035-2021}, editor = {Obeng-Ofori, Professor Daniel}, interhash = {bbc9633a0003ef13c5fe50971600bc99}, intrahash = {6eb0ca69b163474277ae3b21c643b854}, isbn = {2737-7180}, issn = {2737-7172}, journal = {International Journal Of Multidisciplinary Studies And Innovative Research}, keywords = {The and banks board characteristics directors’ effect examine financial its listed of on performance. purpose study this to was}, language = {English}, month = {March}, number = 5, pages = {619-622}, timestamp = {2021-11-18T09:44:44.000+0100}, title = {BOARD OF DIRECTORS’ CHARACTERISTICS AND BANKS’ PERFORMANCE: A CASE OF LISTED BANKS IN GHANA.}, url = {https://www.ijmsir.org/}, volume = 5, year = 2021 }