Female Trustees and University Financial Performance

Authors

  • Mary Jane Lenard Meredith College
  • E. Anne York Meredith College
  • Bing Yu Meredith College

Abstract

The board of trustees of a postsecondary educational institution has a similar role to a corporate board of directors.  Trustees must represent stakeholder interests, have a role in governance, and are responsible for the continued financial success of the institution (Brown, 2014).  The composition of the board is an important factor in university governance, just as it is in a corporation.  Previous research has found that female board members do have an impact on the financial performance of their corporations.  We apply that analysis to private, nonprofit colleges and universities and examine whether the gender composition of the board of trustees affects the financial performance of their institutions.  Our results indicate that a higher percentage of women on the board of trustees increases the likelihood of having a passing financial responsibility composite score, as measured by the U.S. Department of Education.

Keywords: Gender Diversity, Trustees, University Boards, Financial Performance

JEL Classifications: L31, I23

DOI: https://doi.org/10.32479/ijefi.8518

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Author Biographies

Mary Jane Lenard, Meredith College

School of BusinessProfessor of Accounting

E. Anne York, Meredith College

School of BusinessProfessor of Economics

Bing Yu, Meredith College

School of BusinessProfessor of Finance

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Published

2019-10-24

How to Cite

Lenard, M. J., York, E. A., & Yu, B. (2019). Female Trustees and University Financial Performance. International Journal of Economics and Financial Issues, 9(6), 60–66. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/8518

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