IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v5y2021i07p801-813.html
   My bibliography  Save this article

Globalization and Organizational Performance in Nigerian Deposit Money Banks

Author

Listed:
  • Ogbonna, Ifeanyi George

    (Department of Business Administration / Management, Yaba College of Technology, Lagos, Nigeria)

  • Adudu, Chiangi Adudu

    (Department of Business Administration / Management, Yaba College of Technology, Lagos, Nigeria)

  • Thomas, Gbola Saheed

    (Department of Business Administration / Management, Yaba College of Technology, Lagos, Nigeria)

Abstract

The impact of globalization and organizational performance in Nigerian deposit money banks in Lagos State, Nigeria was examined in this study. The specific objectives of this study were focused on economic, cultural, social, technological, and political globalization on organizational performance in Nigerian deposit money banks in Lagos State, Nigeria. The study adopted survey design and Primary data was collected using a five-point Likert scale questionnaire as a tool for gathering of data from a sample of 129 employees drawn from four deposit money banks (First bank Plc, United Bank for Africa, Guaranty Trust Bank and Zenith Bank) in Lagos State, Nigeria. Validity results of KMO and Bartlett’s test of sphericity indicated that the constructs are highly significant, and principal component analysis was suitable at (0.828). The result of reliability reported a reliability index of (0.898). Multiple regressions analysis was used to analyze the data and using SPSS software version 21 at 95% confident level. The findings of the research study revealed that the dimensions of globalization adopted in this study such as economic (58.2%), cultural (62.2%), social (54.6%), technological (53.6%), and political (60.1%) all have positive and significant effect on organizational performance variables such as profitability, operational efficiency, market share, and productivity in Nigerian deposit money banks. Hence the study concluded that there is a positive and significant influence between dimensions of globalization and organizational performance in Nigerian deposit money banks. Based on the findings and conclusion drawn, it was recommended among others that to enhance the benefits of globalization on the organizational performance of Nigerian deposit money banks, management of deposit money banks while making decisions on the operations of their banks should understand that banks originating from the relatively more economically globalized countries tend to perform better in terms of higher profitability due to wider market coverage of the banks in that economy whether locally or internationally.

Suggested Citation

  • Ogbonna, Ifeanyi George & Adudu, Chiangi Adudu & Thomas, Gbola Saheed, 2021. "Globalization and Organizational Performance in Nigerian Deposit Money Banks," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(07), pages 801-813, July.
    • Handle: RePEc:bcp:journl:v:5:y:2021:i:07:p:801-813
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-5-issue-7/801-813.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/virtual-library/papers/globalization-and-organizational-performance-in-nigerian-deposit-money-banks/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mari Pangestu, 2001. "The Social Impact of Globalisation in Southeast Asia," OECD Development Centre Working Papers 187, OECD Publishing.
    2. World Bank, 2008. "Global Economic Prospects 2008 : Technology Diffusion in the Developing World," World Bank Publications - Books, The World Bank Group, number 6335, December.
    3. Siva Reddy Kalluru & Sham Bhat K, 2009. "Determinants of Cost Efficiency of Commercial Banks in India," The IUP Journal of Bank Management, IUP Publications, vol. 0(2), pages 32-50, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ogbonna, Ifeanyi George & Adudu, Chiangi Adudu & Thomas, Gbola Saheed, 2021. "Globalization and Organizational Performance in Nigerian Deposit Money Banks," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(7), pages 801-813, July.
    2. Hübler, Michael, 2011. "Technology diffusion under contraction and convergence: A CGE analysis of China," Energy Economics, Elsevier, vol. 33(1), pages 131-142, January.
    3. Nguyen Thang Dao & Julio Dávila & Angela Greulich, 2021. "The education gender gap and the demographic transition in developing countries," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(2), pages 431-474, April.
    4. Polterovich, Victor & Tonis, Alexander, 2014. "Absorptive Capacity and Innovative Capability: An Approach to Estimation," MPRA Paper 56855, University Library of Munich, Germany.
    5. Peres, Renana & Muller, Eitan & Mahajan, Vijay, 2010. "Innovation diffusion and new product growth models: A critical review and research directions," International Journal of Research in Marketing, Elsevier, vol. 27(2), pages 91-106.
    6. Khanindra Ch. Das, 2013. "Home Country Determinants of Outward FDI from Developing Countries," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 7(1), pages 93-116, February.
    7. repec:spo:wpecon:info:hdl:2441/10184 is not listed on IDEAS
    8. Thierry Mayer, 2006. "Policy Coherence for Development: A Background Paper on Foreign Direct Investment," OECD Development Centre Working Papers 253, OECD Publishing.
    9. Michael Hübler, 2017. "The Future of Foreign Aid in a Globalizing World with Climate Change," Global Policy, London School of Economics and Political Science, vol. 8(1), pages 41-51, February.
    10. Rafael Robina-Ramírez & M. Isabel Sánchez-Hernández & Carlos Díaz-Caro, 2021. "Hotel manager perceptions about corporate compliance in the tourism industry: an empirical regional case study in Spain," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(2), pages 627-654, June.
    11. Martin Bijsterbosch & Marcin Kolasa, 2010. "FDI and productivity convergence in Central and Eastern Europe: an industry-level investigation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(4), pages 689-712, January.
    12. Jin, Wei & Zhang, ZhongXiang, 2016. "On the mechanism of international technology diffusion for energy technological progress," Resource and Energy Economics, Elsevier, vol. 46(C), pages 39-61.
    13. Swapan K. Bhattacharya & Gouranga G. Das, 2014. "Can South–South Trade Agreements Reduce Development Deficits?," Journal of South Asian Development, , vol. 9(3), pages 253-285, December.
    14. Anetta Čaplánová & Rudolf Sivák & John Hudson, 2012. "Vplyv priamych zahraničných investícií na inovačnú činnosť firiem [The Impact of Foreign Direct Investment on Firms´ Innovation Activities]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(6), pages 764-779.
    15. Heri Oscar Landa Díaz, 2019. "Flujo internacional de conocimientos y productividad: un estudio de la industria manufacturera en México," Contaduría y Administración, Accounting and Management, vol. 64(1), pages 1-2, Enero-Mar.
    16. Pogrebnyakov, Nicolai & Maitland, Carleen F., 2011. "Institutional distance and the internationalization process: The case of mobile operators," Journal of International Management, Elsevier, vol. 17(1), pages 68-82, March.
    17. Lema, Adrian & Lema, Rasmus, 2016. "Low-carbon innovation and technology transfer in latecomer countries: Insights from solar PV in the clean development mechanism," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 223-236.
    18. Ronald Mendoza & Nicholas Rees, 2009. "Infant Mortality During Economic Downturns and Recovery," Working papers 0904, UNICEF,Division of Policy and Strategy.
    19. Ahmed A. ElObeidy, 2014. "Retracted: Knowledge-based economy in Arab countries: between Silicon Valley and Phosphate Gully," Regional Science Policy & Practice, Wiley Blackwell, vol. 6(3), pages 309-309, August.
    20. Agénor, Pierre-Richard & Canuto, Otaviano, 2015. "Middle-income growth traps," Research in Economics, Elsevier, vol. 69(4), pages 641-660.
    21. Fujii, Hidemichi & Iwata, Kazuyuki & Chapman, Andrew & Kagawa, Shigemi & Managi, Shunsuke, 2018. "An analysis of urban environmental Kuznets curve of CO2 emissions: Empirical analysis of 276 global metropolitan areas," Applied Energy, Elsevier, vol. 228(C), pages 1561-1568.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:5:y:2021:i:07:p:801-813. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://www.rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.