Title:
GLOBALIZATION AND ITS IMPACT ON THE NON-FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Authors:
Oni, Olufemi Olumayowa, Oni, Olusegun Opeyemi, Ajiboye, Gbenga Eyitayo, Nigeria

Abstract:

The aim of this research is to examine the effects of globalization and its impact on non-financial performance of deposit money banks in Nigeria. Specifically, the study scrutinized the effect of trade globalization, global capital requirement, global information and global transfer of knowledge on deposit money banks performance in Nigeria. The study adopted two methodological step approaches of confirmatory factor analysis and structural equation model analysis.  The study revealed that trade globalization has the greatest impact on the non-financial performance of Nigerian banks followed by global information and thus concluded that globalization greatly improved the non-financial performance of deposit money banks in Nigeria. The study therefore, recommends among others that Nigerian government should provide an enabling environment for banks to operate for global competitiveness to be able to attract foreign investors.