Innovation and Internationalization of Nigeria Deposit Money Banks

Authors

  • Moruff Sanjo Oladimeji Olabisi Onabanjo University
  • Adebiyi Julius Abosede Olabisi Onabanjo University
  • Benneth Uchenna Eze Hallmark University

DOI:

https://doi.org/10.5195/emaj.2018.144

Keywords:

Internationalization, Innovation, International Entry Strategies, Institutional Theory, Joint Venture

Abstract

The study investigated the effect of service and process innovation on internationalization of Nigeria deposit money banks, using a survey research design. A structured questionnaire was administered to a purposively selected sample of seven hundred and sixty five (765) staff of five international banks; from the population of one thousand six hundred and fifteen (1615) staff of strategy and international operation departments of the ten Central Bank of Nigeria (CBN) licensed international banks. Ordinary Least Squares was employed to estimate the regression model and this was done with the aid of STATA 12. The findings revealed that service and process innovation significantly affect bank’s internationalization. It is therefore recommended that banks seeking internationalization should adopt services and processes innovativeness strategy. 

Author Biographies

Moruff Sanjo Oladimeji, Olabisi Onabanjo University

i am a senior Lecturer at the Department of Business Administration, Faculty of Administration and Managment Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria.

Adebiyi Julius Abosede, Olabisi Onabanjo University

Reader/ Associate Professor

Department of Business Administration, Faculty of Administration and Managment Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria.

Benneth Uchenna Eze, Hallmark University

Department of Business Administration, Ph.D. student

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Published

2018-08-17

Issue

Vol. 8 No. 1 (2018)

Section

Articles

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