Purpose

The purpose of this paper is to examine the influence of gender diversity among the board of directors (BOD) and Shariah supervisory board (SSB) members on the financial performance of Islamic banks in Indonesia and Malaysia.

Design/methodology/approach

Data for a sample of 19 Islamic banks for the period 2010–2018 were collected to test the research hypotheses using pooled ordinary least squares estimation method. Generalized least squares estimation method was used to confirm that the results are robust. This study lagged the explanatory variables by one period to control for potential endogeneity.

Findings

The findings suggest that Islamic banks with more gender-diverse BOD and SSB are expected to have better financial performance. In addition, this paper finds that an increase in Islamic banks’ size may undermine the positive impact of gender diversity among SSB members on Islamic banks’ financial performance.

Research limitations/implications

This study was conducted only on Islamic banks in Indonesia and Malaysia owing to data constraints; thus, the results may not be generalizable to Islamic banks in other countries.

Practical implications

Improving financial performance is crucial for banks, especially for Islamic banks, to sustain their fast-growing share globally. Therefore, the findings of this study are expected to provide insight and understanding in the selection and appointment of BOD and SSB members at Islamic banks.

Social implications

By having women represented in the BOD and SSB, Islamic banks will benefit equally from valuable abilities across demographic groups in the society. Furthermore, if the members of the BOD and SSB are properly selected, Islamic banks with more gender-diverse boards can effectively contribute to enhancing social welfare of various segments in the society.

Originality/value

This is the first study, as far as is known to the authors, that provides empirical evidence on the influence of gender diversity among BOD and SSB members on the financial performance of Islamic banks. This paper is expected to be used as a reference by the shareholders and customers of Islamic banks in ensuring that the BOD and SSB have the best optimal composition that maximizes their profits.

中文翻译：

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伊斯兰银行的性别多样性和财务绩效

目的

本文的目的是研究董事会（BOD）和回教教义监督委员会（SSB）成员之间的性别差异对印度尼西亚和马来西亚的伊斯兰银行财务业绩的影响。

设计/方法/方法

收集了2010年至2018年期间19家伊斯兰银行的样本数据，以使用合并的普通最小二乘估计方法检验研究假设。使用广义最小二乘估计方法来确认结果是可靠的。这项研究将解释变量滞后了一个时期以控制潜在的内生性。

发现

调查结果表明，具有更多性别差异的BOD和SSB的伊斯兰银行有望获得更好的财务业绩。此外，本文发现，伊斯兰银行规模的增加可能会破坏SSB成员之间性别多样性对伊斯兰银行财务业绩的积极影响。

研究局限/意义

由于数据限制，这项研究仅在印度尼西亚和马来西亚的伊斯兰银行进行。因此，结果可能无法推广到其他国家的伊斯兰银行。

实际影响

改善财务绩效对于银行，尤其是对伊斯兰银行而言，在全球范围内保持其快速增长的份额至关重要。因此，这项研究的结果有望为伊斯兰银行的董事会和SSB成员的甄选和任命提供见识和理解。

社会影响

通过让妇女参加董事会和社会福利局，伊斯兰银行将同样受益于社会各人口群体的宝贵能力。此外，如果BOD和SSB的成员适当的选择，更多的性别多样化板伊斯兰银行能够有效地促进加强社会各阶层的社会福利。

创意/价值

据作者所知，这是第一项研究，提供了关于BOD和SSB成员之间的性别多样性对伊斯兰银行的财务绩效影响的经验证据。伊斯兰银行的股东和客户可望将此文件作为参考，以确保BOD和SSB拥有最佳的最佳构成，以最大程度地提高其利润。