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The Influence of Financial Innovations on the Financial Performance of Commercial Banks in Cameroon

Author

Listed:
  • ASSOUMOU MENYE Oscar
  • Philip SATIA
  • TAKEUDO DJOFANG Laurette

Abstract

This research paper looks into the impact which financial innovations have on the financial performance of banks in Cameroon, specifically commercial banks. The research study used various proxies for financial innovations such as; automated teller machines (ATM), point of sale (POS), internet banking (IB) and mobile banking (MB). In order to gauge the financial performance of commercial banks in Cameroon, the study employed return on assets. The relationship between the variables in the study is established by way of multiple regressions. Using SPSS statistical software to make the analysis; the study found ATMs and MOB to have a positive significant relation to the financial performance of commercial banks while POS terminals and Internet banking both had p-values greater than the study confidence interval. Finally the study recommends banks to issue more POS terminals and sensitize customers on using internet banking services.

Suggested Citation

  • ASSOUMOU MENYE Oscar & Philip SATIA & TAKEUDO DJOFANG Laurette, 2024. "The Influence of Financial Innovations on the Financial Performance of Commercial Banks in Cameroon," International Business Research, Canadian Center of Science and Education, vol. 17(1), pages 1-64, February.
    • Handle: RePEc:ibn:ibrjnl:v:17:y:2024:i:1:p:64
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    References listed on IDEAS

    as
    1. Josiah Aduda & Nancy Kingoo, 2012. "The Relationship between Electronic Banking and Financial Performance among Commercial Banks in Kenya," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 1(3), pages 1-6.
    2. Silber, William L, 1983. "The Process of Financial Innovation," American Economic Review, American Economic Association, vol. 73(2), pages 89-95, May.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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