This study examined the effect of board diversity on the financial performance of deposit money banks in Nigeria. The study also examined the relationship between board independence and financial performance of deposit money banks in Nigeria. | Empirical analysis of board diversity and the financial performance deposit money banks in Nigeria Accounting 5 2019 127 134 Contents lists available at GrowingScience Accounting homepage ac Empirical analysis of board diversity and the financial performance deposit money banks in Nigeria . Adesanmia . Sanyaolua . Isiakaa and . Fadipea aBells University of Technology Nigeria CHRONICLE ABSTRACT Article history This study examined the effect of board diversity on the financial performance of deposit money Received April 11 2019 banks in Nigeria. The study also examined the relationship between board independence and Received in revised format April financial performance of deposit money banks in Nigeria. For the purpose of this study the proxy 24 2019 for financial performance is profit margin while the proxies for board diversity and board Accepted May 1 2019 Available online independence are the ratio of female directors to total board size and ratio of non-executive May 3 2019 directors to total board size respectively. The data for the study were sourced from the annual Keywords reports of 10 listed deposit money banks in Nigeria from 2008 to 2017. The data were analyzed Board diversity using pooled Ordinary Least Square regression. The results show that the coefficient of board Board independence diversity was positively signed and statistically significant at 5 β ρ the Gender diversity coefficient of board independence was positively signed and statistically significant at 5 β Financial performance ρ . The study concludes that both gender diversity and board independence positively Deposit Money Banks affect the financial performance of deposit money banks in Nigeria. Therefore the study recommends that deposit money banks should encourage appointment of qualified female directors on the board. In addition deposit money banks should ensure the independence of the board by appointing independent .
