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September 17, 2025International Journal of Business and Management ReviewOpen Access

Impact of Female Chief Executive Officers (CEOS) on the Financial Performance of Nigerian Banks: Exploring the Lehman Sisters Hypothesis

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Authors

OBOffiong Udo BasseyNGNasamu GamboEPEdith Muna Puyate

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Overview

This study shows CEO gender affects financial performance in Nigerian banks, indicating implications for female leadership.

Key Points

  • Female-led banks reported significantly higher EPS, suggesting better shareholder value creation compared to male-led banks.
  • Analysis revealed that CEO gender is a significant determinant of financial performance, influencing ROE and ROA metrics.
  • The ex post facto design examined four commercial banks over a seven-year period, highlighting trends in leadership impacts.
  • Findings support policy recommendations for enhancing female CEO presence to improve asset productivity and returns.

Cite This Study

Bassey et al. (2025) studied this question.

synapsesocial.com/papers/68d45e5831b076d99fa5eabchttps://doi.org/10.37745/ijbmr.2013/vol13n74366
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