THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKS
This study appraised the implications of CBN cashless economy policy on the performance of banks in Nigeria with specific attention on the effect of automated teller machine, point of sale and web-based transaction on earnings per share. Vector error correction model was used to estimate quarterly d...
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| Format: | Article |
| Language: | English |
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Romanian Foundation for Business Intelligence
2021-09-01
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| Series: | SEA: Practical Application of Science |
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| Online Access: |
http://seaopenresearch.eu/Journals/articles/SPAS_26_2.pdf
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| _version_ | 1819120486048595968 |
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| author | Stephanie M. CHONDOUGH |
| author_facet | Stephanie M. CHONDOUGH |
| author_sort | Stephanie M. CHONDOUGH |
| collection | DOAJ |
| description | This study appraised the implications of CBN cashless economy policy on the performance of banks in Nigeria with specific attention on the effect of automated teller machine, point of sale and web-based transaction on earnings per share. Vector error correction model was used to estimate quarterly data collected on the variables from 2010 to 2018. It was deduced from the analyses that automated teller machine, point of sales and web-based transaction had a long-run effect on earnings per share. However, the short-run disequilibrium in the data set was not adjusting towards long-run equilibrium. This implied that the electronic banking transaction modes jointly influence the earnings per share of the Nigerian banking sector but at a very slow rate towards the long run. It is recommended that banks should extend the coverage of ATM terminals to the rural areas to enhance the level of financial inclusion and by extension boost the earnings of their shareholders in Nigeria. Adequate backup infrastructure should be provided to complement the inadequate public infrastructure since internet connectivity is a sine qua non for improved e-banking services. |
| first_indexed | 2024-12-22T06:21:25Z |
| format | Article |
| id | doaj.art-e1e36745376b4a9ebdf657b10cccd222 |
| institution | Directory Open Access Journal |
| issn | 2360-2554 |
| language | English |
| last_indexed | 2024-12-22T06:21:25Z |
| publishDate | 2021-09-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | SEA: Practical Application of Science |
| spelling | doaj.art-e1e36745376b4a9ebdf657b10cccd2222022-12-21T18:35:58ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542021-09-01IX26 (2/2021)7585seapas:y:2021:i:26:p:75-85THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKSStephanie M. CHONDOUGH0 University of Debrecen, Faculty of Economics and Business, Károly Ihrig Doctoral School of Management and Business, Debrecen, Hungary This study appraised the implications of CBN cashless economy policy on the performance of banks in Nigeria with specific attention on the effect of automated teller machine, point of sale and web-based transaction on earnings per share. Vector error correction model was used to estimate quarterly data collected on the variables from 2010 to 2018. It was deduced from the analyses that automated teller machine, point of sales and web-based transaction had a long-run effect on earnings per share. However, the short-run disequilibrium in the data set was not adjusting towards long-run equilibrium. This implied that the electronic banking transaction modes jointly influence the earnings per share of the Nigerian banking sector but at a very slow rate towards the long run. It is recommended that banks should extend the coverage of ATM terminals to the rural areas to enhance the level of financial inclusion and by extension boost the earnings of their shareholders in Nigeria. Adequate backup infrastructure should be provided to complement the inadequate public infrastructure since internet connectivity is a sine qua non for improved e-banking services. http://seaopenresearch.eu/Journals/articles/SPAS_26_2.pdf earnings per sharecashless policypoint of saleweb-based transactionsautomated teller machinetechnology-driven money |
| spellingShingle | Stephanie M. CHONDOUGH THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKS SEA: Practical Application of Science earnings per share cashless policy point of sale web-based transactions automated teller machine technology-driven money |
| title | THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKS |
| title_full | THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKS |
| title_fullStr | THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKS |
| title_full_unstemmed | THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKS |
| title_short | THE IMPLICATION OF THE CBN CASHLESS ECONOMY POLICY CHANNELS ON THE PERFORMANCE OF NIGERIAN BANKS |
| title_sort | implication of the cbn cashless economy policy channels on the performance of nigerian banks |
| topic | earnings per share cashless policy point of sale web-based transactions automated teller machine technology-driven money |
| url |
http://seaopenresearch.eu/Journals/articles/SPAS_26_2.pdf
|
| work_keys_str_mv | AT stephaniemchondough theimplicationofthecbncashlesseconomypolicychannelsontheperformanceofnigerianbanks AT stephaniemchondough implicationofthecbncashlesseconomypolicychannelsontheperformanceofnigerianbanks |