Impact of gender accounting on risk management in treasury functions of Nigeria deposit money banks

Abstract

Fraudulent practices in the banking sector, especially as it affects the functions of the treasury department has been a subject of intense concern to policymakers and other stakeholders. It is, however, believed that if more female bank staff are utilised, it could lead to a better management of risk. This study investigated the nexus between gender accounting and the dependent variable. Structured questionnaire was administered on 10 staff of each of the Nigerian Deposit Money Banks. The population, which also represents the sample size comprises of 10 banks purposively selected with only 39% responses received. Data were analysed with the aid of logit regression. The results showed a significant positive relationship between gender accounting and risk management in treasury functions (Adj. R2 =0.680, F-stat = 21.145, p<0.05). This implies that increase in the independent variable will reduce the risk associated with the treasury functions of banks in Nigeria with diverse results from the three proxies of independent variable. The descriptive results showed that more women in the treasury will minimise theft of funds. The study concluded the need for policymakers and regulatory authorities to establish the policy that will encourage more of women inclusion in the banking treasury department.