Effect of Gender Diversity on the Performance of Non-financial Listed Firms in Ghana

Abstract

The paper investigates the effect of gender diversity in the boardroom on the financial performance of non-financial listed firms in Ghana using panel data between 2007 and 2011. The fixed and random effects approaches were used in analysing the data. The findings revealed that the percentage of women on board have no statistically significant relationship with firm’s financial performance of listed firms in Ghana. It was also discovered that the percentage of women on boards of non-financial listed firms was low. The results draw the attention of policy makers to the position of women in organisations given the enormous positive contribution they offer to the society.