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J. Open Innov. Technol. Mark. Complex. 2018, 4(4), 43; https://doi.org/10.3390/joitmc4040043

E-Payment Technology Effect on Bank Performance in Emerging Economies–Evidence from Nigeria

Department of Economics, Finance and Accounting, Bells University of Technology, Benja Village, Ota 23401, Nigeria
Received: 3 August 2018 / Revised: 24 August 2018 / Accepted: 27 August 2018 / Published: 21 September 2018
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Abstract

The development of the financial sector has been a major growth driver in all economies, especially in emerging economies. Part of the financial innovations in the sector in recent times is the electronic payment system. Several studies in developed countries have substantiated the positive transformation of this financial innovation. This paper therefore contributes to this debate with three research innovations: first, it adopts a new measure of bank performance—the sortino index; second, it relates market risk exposure of banks to electronic payment technologies; and third, it controls for “without effects” of these innovations on bank performance using interacting dummies. Based on the time dimensional and panel least square models, it finds that bank performance increased after the adoption of electronic payment technologies. Finally, its findings show that bank performance contradicts autoregressive and random walk processes and thus implies that investors should not be disturbed about previous bank performances but concerned about current bank resources. View Full-Text
Keywords: electronic payment platforms; electronic banking; point of sales technology; Automatic Teller Machine (ATM) technology; sortino ratio electronic payment platforms; electronic banking; point of sales technology; Automatic Teller Machine (ATM) technology; sortino ratio
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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Mustapha, S.A. E-Payment Technology Effect on Bank Performance in Emerging Economies–Evidence from Nigeria. J. Open Innov. Technol. Mark. Complex. 2018, 4, 43.

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J. Open Innov. Technol. Mark. Complex. EISSN 2199-8531 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
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