TY - JOUR AU - Ezekiel Oluwagbemiga Oyerogba AU - Oluyinka Isaiah Ogungbade PY - 2020/06/03 Y2 - 2024/03/28 TI - Gender Diversity of the Corporate Board and Firm Value: The Case of Nigeria listed Companies JF - Global Journal of Accounting JA - GJA VL - 6 IS - 1 SE - Articles DO - UR - http://gja.unilag.edu.ng/article/view/876 AB - This study empirically investigates the link between gender diversity (in terms of number of women) of the corporate board and firm value on a sample of 163 companies purposively drawn from the 186 companies listed on the Nigeria stock exchange for a period of 2006 to 2015. The study used purely secondary data, analysed using the Univariate paired sample t- statistics and Multivariate regression analysis. The t- statistics enables the study to compare the mean and standard deviation of two categories of results (the results of firms managed by the female CEO and those with the male CEO) and thus determined whether a statistically significant difference can be observed from the firm value of those two distinct groups. The result shows that firms with a significant number of women on the board seem to produce higher firm value. Specifically, the result revealed that firm managed by female CEO produces better value for the firm during the period under consideration than those managed by male CEO. The result holds for all the three variables of firm value (Share price, shareholders’ fund and capital gearing). It was also reported that capital gearing and four of the gender diversity variables are negatively correlated. The negative correlation between capital gearing and gender diversity indicates that the higher the number of female directors the lower the capital gearing or aggression of the board for debit acquisition. The study, therefore, draws the attention of the Nigerian stock exchange and other regulatory authorities to the need for regulation on gender quota in the listed companies in Nigeria. ER -