Effect of Information and Communication Technology (ICT) on Corporate Performance: A Study of Selected Quoted Banks
Journal Title: International Journal of Social Science And Human Research - Year 2021, Vol 4, Issue 12
Abstract
The study investigates the effect of Information and Communication Technology (ICT) on corporate performance using Zenith Bank Nigeria Plc. and United Bank for Africa Plc. asa study. Data were obtained from annual financial statement published by the bank from 2010 -2016.Corporate performance was proxied by Return on Equity, Return on Asset and Earnings per Share. The ordinary least square regression technique with the aid of the statistical package for social sciences (SPSS) version 21were employed in the analysis. Findings revealed that ICT has a very weak (low) effect on corporate performance measured with return on equity, almost no effect at all on corporate performance measured with return on assets, and positive effect on corporate performance measured with earnings per share. Therefore the study recommends that; there is need for the bank management team to prioritize the ICT need of the bank to avoid unnecessary investment on ICT gadgets in order to reduce the cost associated to ICT operations of the bank. Also, staff training and development are paramount to enable the effective and efficient utilization of the ICT resources. Furthermore, government should rise up to her duty to provide enabling environment for the thriving of businesses.
Authors and Affiliations
Akujor Jane Chinyere, Eyisi Adanma Sabina, Ijeoma Chimaobi
Keywords
Related Articles
- EP ID EP704334
- DOI 10.47191/ijsshr/v4-i12-58
- Views 114
- Downloads 0
RTBF as an Effort to Establish Legal Protection for Victims of Deepfake Pornography in Indonesia
RTBF (Right to be Forgotten) is a legal concept that allows individuals to request a removal or deletion of electronic documents or information about themselves that are inaccurate or no longer relevant. RTBF can be used...
The Use of Transformative Learning Models in the Education of Prospective Guidance and Counselling Teachers
Many Guidance and counseling teachers who cannot carry out guidance and counseling in schools. This issue can be a reminder for universities that organize guidance and counseling programs. Guidance and counseling teachin...
Multicultural Education According to Azyumardi Azra's Perspective
The phenomenon of the diversity of the Indonesian people with the various problems that accompany it is the interesting thing behind this research. The existence of multiple religions and beliefs held by the community is...
Efforts to Improve Legal Protection for Consumers in Electronic Transactions
The field of business law is evolving rapidly, driven by technological advancements. As technology progresses, the law must also adapt to keep pace with the changing times. In Indonesia, the concept of online sales and p...
Enhancing Employee Performance in Logistic Companies: The Influence of Competency Development and Remuneration with Job Satisfaction as a Mediating Factor
The research objective is to examine the effect of competency development and remuneration systems on job satisfaction and its impact on companies' employee performance in Indonesia's postal and logistics service industr...