Table 4 The relationship between board gender diversity and bank disclosure.
From: Banking disclosure and banking crises in Africa: does board gender diversity play a role?
Variables | Pooled OLS panel | Fixed effect | Random effect | 2SLS |
|---|---|---|---|---|
Model 1 | Model 2 | Model 3 | Model 4 | |
Number of Women | −0.104*** (0.0231) | −0.104*** (0.0186) | −0.104*** (0.0185) | −0.161*** (0.0326) |
sqNumber of Women | 0.0789*** (0.0240) | 0.0784*** (0.0131) | 0.0789*** (0.0138) | 0.127*** (0.0329) |
Women on Boards | 1.279*** (0.368) | 1.278*** (0.258) | 1.279*** (0.258) | 2.372*** (0.547) |
LERNER | 0.294*** (0.0662) | 0.314*** (0.0604) | 0.294*** (0.0638) | 0.107 (0.111) |
OWN | 0.0685 (0.0638) | 0.0652* (0.0363) | 0.0685* (0.0365) | −0.0401 (0.0896) |
LnGDP per capita | 0.0263** (0.0105) | 0.0256** (0.00902) | 0.0263*** (0.00906) | −0.00357 (0.0197) |
Exchange Rate | 1.43e−05 (1.11e−05) | 1.04e−05 (9.41e−06) | 1.43e−05 (9.76e−06) | 7.01e-05** (2.96e−05) |
Inflation Rate | 0.0128** (0.00566) | 0.0163*** (0.00289) | 0.0128*** (0.00432) | −0.00824 (0.00988) |
Year Effect | Yes | Yes | Yes | Yes |
Country Effect | Yes | Yes | Yes | Yes |
Instrument (Board Expenses) | 0.00318**(0.00135) | |||
Constant | 4.961*** (0.0823) | 4.927*** (0.0783) | 4.961*** (0.0918) | 5.536*** (0.184) |
Observations | 2869 | 2869 | 2869 | 2869 |
R-squared | 0.013 | 0.013 | ||
Hausman test | ||||
Chi | 11.26 | |||
Prob > chi | 0.0808* | |||
Breusch and Pagan Lagrangian multiplier test | ||||
Chi | 0.00 | |||
Prob > chi | 1.00 | |||
