{"id":23113,"date":"2025-11-13T04:48:29","date_gmt":"2025-11-13T04:48:29","guid":{"rendered":"https:\/\/journals.amssr.org\/grjaf\/?p=23113"},"modified":"2025-11-13T04:48:36","modified_gmt":"2025-11-13T04:48:36","slug":"digital-innovation-and-profit-after-tax-of-deposit-money-banks-in-nigeria","status":"publish","type":"post","link":"https:\/\/journals.amssr.org\/grjaf\/2025\/11\/13\/digital-innovation-and-profit-after-tax-of-deposit-money-banks-in-nigeria\/","title":{"rendered":"DIGITAL INNOVATION AND PROFIT AFTER TAX OF DEPOSIT MONEY BANKS IN NIGERIA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Download PDF<\/h2>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/11\/DIGITAL-INNOVATION-AND-PROFIT-AFTER-TAX-OF-DEPOSIT-MONEY-BANKS-IN-NIGERIA-GRJAF-AMSSRN.docx.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of DIGITAL INNOVATION AND PROFIT AFTER TAX OF DEPOSIT MONEY BANKS IN NIGERIA GRJAF AMSSRN.docx.\"><\/object><a id=\"wp-block-file--media-871d6a9f-d4f7-45e2-a8d6-c3f1edc34292\" href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/11\/DIGITAL-INNOVATION-AND-PROFIT-AFTER-TAX-OF-DEPOSIT-MONEY-BANKS-IN-NIGERIA-GRJAF-AMSSRN.docx.pdf\">DIGITAL INNOVATION AND PROFIT AFTER TAX OF DEPOSIT MONEY BANKS IN NIGERIA GRJAF AMSSRN.docx<\/a><a href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/11\/DIGITAL-INNOVATION-AND-PROFIT-AFTER-TAX-OF-DEPOSIT-MONEY-BANKS-IN-NIGERIA-GRJAF-AMSSRN.docx.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-871d6a9f-d4f7-45e2-a8d6-c3f1edc34292\">Download<\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Authors<\/h2>\n\n\n\n<p>Obioma Obiageli Ajaero, PhD <sup>1<\/sup>; Edith Okpo Kalu, PhD<sup> 2<\/sup>; Stella Ngozi Okoroafor, PhD <sup>3<\/sup>;&nbsp; Leonald Ifeanyi Amaefule, PhD<sup> 4<\/sup><\/p>\n\n\n\n<p><em><sup>1, 2, 3 <\/sup><\/em><em>Department of Accountancy, Alvan Ikoku Federal University of Education, Owerri, Imo State, Nigeria<\/em><\/p>\n\n\n\n<p><em><sup>4 <\/sup><\/em><em>Imo State University, Owerri, Imo State, Nigeria<\/em><\/p>\n\n\n\n<p><em>*<\/em><em><sup>1 <\/sup><\/em><em>obioma.ajaero@alvanikoku.edu.ng<\/em><\/p>\n\n\n\n<p><strong>Abstract<\/strong><\/p>\n\n\n\n<p>The study examined the effect of digital innovation on the profit after tax of deposit money banks (DMBs) in Nigeria. The study adopted a quasi-experimental research design in evaluating the effect of digital innovation variables: computer expenditure (COMEXP) and software expenditure (SOFEXP) on profit after tax (PAT) of DMBs in Nigeria. Secondary data were obtained from online published financial statements of five DMBs in Nigeria for the period of 2010 to 2024. The study employed multiple regression analytical technique to analyze the collected data. The findings revealed that both computer expenditure (COMEXP) and software expenditure (SOFEXP) had a significant positive effect on the PAT of DMBs in Nigeria. The study recommended that DMBs should strategically deploy digital innovations to reduce customer challenges, such as long queues and transaction delays, to enhance customer satisfaction.<\/p>\n\n\n\n<p><strong><em>Keywords<\/em><\/strong>: Digital Innovation, Computer Expenditure, Software Expenditure, Deposit Money Banks, Nigeria.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>References&nbsp;<\/strong><\/h2>\n\n\n\n<p>Adejola, P. A., Noguera, J. &amp; Lambe, I. (2024). Effect of artificial intelligence investments on performance of deposit money banks. <em>Issues in Information Systems<\/em>, 25(1), 33-37.<\/p>\n\n\n\n<p>Adetunji, O.M., Ogunyomi, P.O., &amp; Olufemi, F.B. (2022). Digital innovation and performance of Nigerian deposit money banks. <em>Journal of Banking and Finance<\/em>, 14(2), 45-58.<\/p>\n\n\n\n<p>Ahmadin M. (2022). Social research methods: qualitative and quantitative approaches. <em>Jurnal Kajian Sosial dan Budaya: Tebar Science<\/em>. 6(1):104\u201313.<\/p>\n\n\n\n<p>Akinyomi, O.J. &amp; Okpala, K.E. (2013). Appraisal of financial management practices in Nigerian banks, <em>International Journal of Economics and Finance<\/em>, 5(2), 196-205.<\/p>\n\n\n\n<p>Amin, M. Gorha, M. &amp; Ali, I. (2025). Impact of digital transformation on SME\u2019s marketing performance: Role of social media and market turbulence. <em>Discover Sustainability<\/em>, 6:378 <a href=\"https:\/\/doi.org\/10.1007\/s43621-025-01228-3\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/10.1007\/s43621-025-01228-3<\/a>.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Andriole, S. J. (2018a). Five myths about digital transformation.<em> In How to go digital<\/em> (pp. 13-18). MIT Sloan Management Review. The MIT Press.<\/p>\n\n\n\n<p>Ashiru, O., Balogun, G. &amp; Paseda, O. (2023). 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Scientific Reports, 14, 10047.&nbsp; <a href=\"https:\/\/doi.org\/10.1038\/s41598-024-60922-w\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/10.1038\/s41598-024-60922-w<\/a><\/p>\n\n\n\n<p>Nambisan, Lyytinen, Majchrzak &amp; Song, (2017). Digital innovation management: Reinventing innovation management research in a digital world. <em>MIS Quarterly<\/em>, 41(1), 223-238. <a href=\"https:\/\/doi.org\/1025300\/MISQ\/2017\/41:1.03\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/1025300\/MISQ\/2017\/41:1.03<\/a>.&nbsp;<\/p>\n\n\n\n<p>Okeke, C. E. (2024). Effect of information and communication technology on financial performance of listed consumer goods firms in Nigeria. <em>International Journal of Accounting, Finance, and Information System, 4(2)<\/em>, 2000-2012.&nbsp;<\/p>\n\n\n\n<p>Oladejo, M.O., Akintunde, H.A., Azeez, J.A., &amp; Oyeleke, K.W. (2024). Factors influencing fintech expenditure in selected Nigerian deposit banks. <em>International Journal of Financial Research and Business Development<\/em>, 6(7), 113-120.&nbsp;<\/p>\n\n\n\n<p>Ombati, T.O., Mabuti, P.O., Nyamwange, S., Nyaoga, R.B. (2010). Technology and service quality in the banking industry: Importance and performance of various factors considered in the electronic services. <em>African Journal of Business &amp; Management<\/em>, 1(1), 151-164.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Pan, C., Han, M., Song, &amp; Wang, M. (2020). 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Why finance should care about ecology? <em>Trends in Ecology and Evolution<\/em>, 32(7), 500-505. <a href=\"http:\/\/doi.org\/10.1016\/j.tree.2017..03.013\" target=\"_blank\" rel=\"noopener\">http:\/\/doi.org\/10.1016\/j.tree.2017..03.013<\/a>.&nbsp;<\/p>\n\n\n\n<p>Vial, G. (2019). Understanding digital transformation: A review and a research agenda. <em>The Journal of Strategic Information Systems<\/em>, 28(2), 118\u2013144. <a href=\"https:\/\/doi.org\/10.1016\/j.jsis.2019.01.003\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/10.1016\/j.jsis.2019.01.003<\/a>.&nbsp;<\/p>\n\n\n\n<p>Yunis, M. Tarhini, A. Kassar, A. (2018). The role of ICT and innovation in enhancing organizational performance: The catalyzing effect of corporate entrepreneurship. <em>Journal of Business Research<\/em>. 88 (2018) 344\u2013356, <a href=\"https:\/\/doi.org\/10.1016\/j.jbusres.2017.12.030\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/10.1016\/j.jbusres.2017.12.030<\/a>.&nbsp;<\/p>\n\n\n\n<p>&nbsp;Zhai, H., Yang, M., Chan, K.C. (2022). Does digital transformation enhance a firm\u2019s performance? Evidence from China, Technology Society. 68, 101841, <a href=\"https:\/\/doi.org\/10.1016\/j.techsoc.2021.101841\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/10.1016\/j.techsoc.2021.101841<\/a><\/p>\n\n\n\n<p>Zhu, Z.M. (2024). The application of transaction cost theory in supply chain management. <em>Open Journal of Applied Sciences<\/em>, 14, 3216-3225. <a href=\"https:\/\/doi.org\/10.4236\/ojapps.2024.1411212\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/10.4236\/ojapps.2024.1411212<\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Authors Obioma Obiageli Ajaero, PhD 1; Edith Okpo Kalu, PhD 2; Stella Ngozi Okoroafor, PhD 3;&nbsp; Leonald Ifeanyi Amaefule, PhD 4 1, 2, 3 Department of Accountancy, Alvan Ikoku Federal University of Education, Owerri, Imo State, Nigeria 4 Imo State University, Owerri, Imo State, Nigeria *1 obioma.ajaero@alvanikoku.edu.ng Abstract The study examined the effect of digital innovation on the profit after tax of deposit money banks (DMBs) in Nigeria. The study adopted a quasi-experimental research design in evaluating the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21742,"comment_status":"open","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335,618,571],"tags":[],"class_list":["post-23113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grjaf","category-vol-5-issue-2","category-volume-5"],"_links":{"self":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/comments?post=23113"}],"version-history":[{"count":1,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23113\/revisions"}],"predecessor-version":[{"id":23115,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23113\/revisions\/23115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media\/21742"}],"wp:attachment":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media?parent=23113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/categories?post=23113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/tags?post=23113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}