International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

Frequency: 12

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 Volume 12, Issue 6 (June 2025), Pages: 77-91

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 Original Research Paper

Board diversity and financial performance: A data-driven analysis of listed commercial banks in Vietnam

 Author(s): 

 Linh Thi Ha Bui 1, Huyen Thi Thanh Lam 1, *, Anh Hoang Nguyet Nguyen 2

 Affiliation(s):

  1Faculty of Corporate Finance, Academy of Finance, Hanoi, Vietnam
  2Institute of International Finance Education, Hanoi, Vietnam

 Full text

    Full Text - PDF

 * Corresponding Author. 

   Corresponding author's ORCID profile:  https://orcid.org/0009-0002-1985-8990

 Digital Object Identifier (DOI)

  https://doi.org/10.21833/ijaas.2025.06.008

 Abstract

The role of board members has become increasingly important in corporate governance, particularly in the banking sector, which is a key part of the economy. This study aims to examine how the characteristics of boards of directors affect the financial performance of commercial banks listed in Vietnam. The analysis is based on data from 26 listed commercial banks over a sixteen-year period (2008–2023). Quantitative regression methods are used to assess the impact of board diversity on financial performance. The findings show that certain board characteristics—such as gender, level of education, presence of independent directors, and government ownership—have a negative effect on the performance of banks in Vietnam. However, the study also finds that state-owned banks tend to perform better, likely due to easier access to resources and government support during economic downturns. These results provide useful insights for listed banks in Vietnam to improve their board structure, which is crucial for enhancing financial performance.

 © 2025 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license ( http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

 Corporate governance, Board characteristics, Financial performance, Commercial banks, Vietnam

 Article history

 Received 9 January 2025, Received in revised form 21 April 2025, Accepted 25 May 2025

 Acknowledgment

No Acknowledgment. 

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Bui LTH, Lam HTT, and Nguyen AHN (2025). Board diversity and financial performance: A data-driven analysis of listed commercial banks in Vietnam. International Journal of Advanced and Applied Sciences, 12(6): 77-91

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 Figures

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 Tables

  Table 1   Table 2   Table 3   Table 4

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