<p>The study addresses a gap in the literature on emerging markets by analyzing the relationship between the financial performance of Indian banks and their board dynamics. We establish a Board Composition Index (BCI) using data from Indian banks from 2013 to 2022, taking into account key attributes like CEO duality, board size, independence, and gender diversity. The study uses wavelet analysis and the Hausman test to look at how well banks are doing, using the Non-Performing Asset Ratio (NPA), Net Interest Margin (NIM), and Loan to Deposit Ratio (LTD) as measures. Bank size (BSIZE), sales growth (SAG), and leverage (LEV) are used as control variables. The study's findings indicate that board independence significantly impacts sales growth, underscoring the crucial role of independent directors in enhancing corporate performance via increased accountability and governance. There is a strong negative correlation between the presence of female directors on boards and sales growth. This indicates that an increase in female representation on boards may not immediately lead to enhanced financial success.</p>

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Board Dynamics and Firm Performance: A Wavelet-Based Empirical Analysis

  • Krishangi Pandey,
  • Radwa Radwan Said,
  • Md Shabbir Alam,
  • S. M. Jawed Akhtar

摘要

The study addresses a gap in the literature on emerging markets by analyzing the relationship between the financial performance of Indian banks and their board dynamics. We establish a Board Composition Index (BCI) using data from Indian banks from 2013 to 2022, taking into account key attributes like CEO duality, board size, independence, and gender diversity. The study uses wavelet analysis and the Hausman test to look at how well banks are doing, using the Non-Performing Asset Ratio (NPA), Net Interest Margin (NIM), and Loan to Deposit Ratio (LTD) as measures. Bank size (BSIZE), sales growth (SAG), and leverage (LEV) are used as control variables. The study's findings indicate that board independence significantly impacts sales growth, underscoring the crucial role of independent directors in enhancing corporate performance via increased accountability and governance. There is a strong negative correlation between the presence of female directors on boards and sales growth. This indicates that an increase in female representation on boards may not immediately lead to enhanced financial success.