¹Akujor Jane Chinyere, ²Eyisi Adanma Sabina, ³Ijeoma Chimaobi

¹Department of Financial Management Technology, Federal University Of Technology Owerri, Imo State, Nigeria.

²Department of Accounting, Michael Okpara University Of Agriculture Umudike, Abia State Nigeria.

³Department f Banking And Finance, Michael Okpara University Of Agriculture Umudike, Abia State, Nigeria.

DOI : https://doi.org/10.47191/ijsshr/v4-i12-58

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ABSTRACT

The study investigates the effect of Information and Communication Technology (ICT) on corporate performance using Zenith Bank Nigeria Plc. and United Bank for Africa Plc. asa study. Data were obtained from annual financial statement published by the bank from 2010 -2016.Corporate performance was proxied by Return on Equity, Return on Asset and Earnings per Share. The ordinary least square regression technique with the aid of the statistical package for social sciences (SPSS) version 21were employed in the analysis. Findings revealed that ICT has a very weak (low) effect on corporate performance measured with return on equity, almost no effect at all on corporate performance measured with return on assets, and positive effect on corporate performance measured with earnings per share. Therefore the study recommends that; there is need for the bank management team to prioritize the ICT need of the bank to avoid unnecessary investment on ICT gadgets in order to reduce the cost associated to ICT operations of the bank. Also, staff training and development are paramount to enable the effective and efficient utilization of the ICT resources. Furthermore, government should rise up to her duty to provide enabling environment for the thriving of businesses.

KEYWORDS:

Information and communication technology, Bank corporate performance, Return on equity, Return on assets and Earnings per share.

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