The desire for banking investment expansions and taking economic, competitive benefits within domestic operations seemed inundated with market saturation limitations, necessitating international operations. Studies have advanced that banks take advantage of the internationalization of banking services to increase operational capacities and in search of new opportunities. Inconsistencies and mixed results have been reported on the extent of the effect of internationalization on the economic value-added of banks. This study investigated the effect of internationalization on value creation in Deposit Money Banks (DMBs) in selected African countries. The study adopted an expo facto research design. The population consisted of seventy-one Deposit Money Banks (DMBs) in selected African countries of South Africa, Kenya, and Nigeria as of 31 December 2021. Seventeen DMBs were selected using a purposive sampling technique. Data were extracted from published financial statements of selected DMBs. The validity and reliability of the data were premised on the statutory audit of the financial statements. Descriptive and inferential (multiple regression) statistics were used to analyze the data. The study revealed that the economic value-added of DMBs was significantly affected by internationalization. (Adj.R2 = 0.3856; F(5, 249) = 75.62; p<0.05). The study recommended that banks should be strategic and conduct detailed due diligence and internationalization benefits analysis before venturing into international banking operations. Management of banks should not hurriedly embark on international banking for egocentric purposes but be sure that the venture will optimize and add to the banks' shareholders and the other stakeholders. The management of the banks should review and re-engineer the dynamics of foreign operations.
This study examined the effect of International Accounting Standards (IAS) 38 intangible assets on the firm performance of selected consumer manufacturing companies listed in Nigeria. The study employed secondary data extracted from the published financial statements of the sampled 15 companies out of a population consisting of 20 selected consumer goods manufacturing companies listed in Nigeria using a purposive sampling technique. A firm observation of 220 participants over 11 years from 2011 to 2021 was used in the study. Descriptive statistics and inferential analysis were adopted in the data analysis. The study revealed that intangible assets had a positive and significant effect on earnings per share (EPS) and the return on shareholders funds (SHF). The study concluded that the firm performance of selected consumer goods manufacturing companies in Nigeria was significantly affected by IAS 38 intangible assets. These findings suggest that compliance with IAS 38 standards is critical as it further deepens the relevance and faithful representation of financial statements prepared in Nigeria.
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