scholarly journals Does Gender Representation at Decision Making Levels Matter for Better Financial Performance of Local Licensed Commercial Banks in Sri Lanka?

2021 ◽  
pp. 32-49
Author(s):  
S. T. D. Sandanayaka ◽  
E. A. G. Sumanasiri
Keyword(s):  
Sri Lanka ◽  
Financial Performance ◽  
Commercial Banks ◽  
National Development ◽  
Top Management Teams ◽  
Management Teams ◽  
Series Data ◽  
Top Management ◽  
Firm Financial Performance ◽  
Female Presence

Aim: Female representation in top corporate positions has been discussed widely around the world over the last decade, mainly due to the significant gap observed between the number of females with higher educational qualifications and the number of females in employment. Accordingly, this study aims to identify the relationship between the female presence within boardrooms and top management teams of local licensed commercial banks and the financial performance of those banks, which is a timely concern. Place and Duration of Study: Amana Bank PLC, Commercial Bank of Ceylon PLC, DFCC Bank PLC, Hatton National Bank PLC, National Development Bank PLC, Nations Trust Bank PLC, Pan Asia Banking Corporation PLC, Sampath Bank PLC, Seylan Bank PLC, and Union Bank of Colombo PLC were studied during the time period 2011 to 2019. Methodology: The time series data analysis method has been used for 10 local licensed commercial banks in Sri Lanka, excluding one bank which was not a PLC. The annual reports of the respective banks were used to gather the secondary data required for the study. Results: The regression analysis explained that female presence within boardrooms is positive and significant with respect to ROE and positive and insignificant with respect to ROA, whereas females in top management has a positive but insignificant relationship to ROA and a negative but insignificant relationship to ROE. The percentage changes in ROE and ROA explained by the two independent variables are relatively low. Accordingly, no significant relationships between female presence within boardrooms and top management teams and firm financial performance were identified. Conclusion: The insignificant relationships between the variables indicate that it is not necessary for these banks to employ females in order to prosper in their financial performance. However, the banks could still consider employing females in the boardroom to empower gender equality since such a presence does not have a negative impact on financial performance.

Top Management Teams, Strategy and Financial Performance: A Meta-Analytic Examination

2006 ◽  
Vol 43 (4) ◽  
pp. 813-839 ◽  
Author(s):  
S. Trevis Certo ◽  
Richard H. Lester ◽  
Catherine M. Dalton ◽  
Dan R. Dalton
Keyword(s):  
Financial Performance ◽  
Top Management Teams ◽  
Management Teams ◽  
Top Management

scholarly journals Management Accounting Systems, Top Management Teams, and Sustainable Knowledge Acquisition: Effects on Performance

2020 ◽  
Vol 12 (5) ◽  
pp. 2132
Author(s):  
Andrés F. Ugalde Vásquez ◽  
David Naranjo-Gil
Keyword(s):  
Firm Performance ◽  
Knowledge Acquisition ◽  
Management Accounting ◽  
Top Management Teams ◽  
Management Teams ◽  
Mediating Effect ◽  
Top Management ◽  
Accounting Systems ◽  
Management Accounting Systems ◽  
Acquisition Processes

Organizations are increasingly aware of the importance of managing the acquisition processes of new and sustainable knowledge, which allows them to increase performance. These knowledge-acquisition processes require top management teams to focus on the external environment to search for sustainable opportunities and initiatives. This spurs top teams to make strategic decisions that require more comprehensive managerial information, which is provided by management accounting systems. Our research analyzes how top management team composition facilitates the acquisition of new knowledge. Our management accounting paper also analyzes the mediating effect of the interactive use of management accounting systems (MASs) and their impact on sustainable firm performance. A survey was conducted among the main manufacturer firms in the Republic of Ecuador. Results were analyzed by using the partial least squares methodology, and they showed a positive effect for the interactive use of management accounting systems on sustainable knowledge-acquisition processes. Results also showed that knowledge acquisition increased firm performance through an interactive use of MASs.

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