| Dependent (Financial Performance) |
| ROA |
The net income to average total assets ratio for a fiscal year. |
| ROE |
The net income ratio to average total equity throughout a fiscal year calculates ROE. |
| ROIC |
ROIC is measured as the ratio of net operating profit after tax to invested capital. |
| EPS |
EPS is calculated by dividing net income by the number of outstanding shares. |
| Gender Variables |
| WOM |
Dummy variable coded 1 if the bank has at least one female board member, 0 otherwise. |
| PWOM |
The ratio of women to total members is used to compute the proportion of women on the Board. |
| WWOM |
The proportion of women on the Board is obtained by dividing the number of women by the total number of members. |
| Control Variables |
| BOARD |
The natural logarithm of total members is used to calculate board size. |
| SIZE |
The natural logarithm of total assets measures the bank size. |
| LEV |
Leverage ratio of total liabilities to total assets. |
