EBURAJOLO, Ose Courage, Ph.D.
Department of Economics, Finance and Investment,
Faculty of Social and Management Sciences,
Benson Idahosa University, Benin City, Nigeria
c.ebebhahon@biu.edu.ng
&
OGIEMUDIA, A. Omorose Ph.D.
Department of Banking and Finance,
Faculty of Management Science,
Ambrose Alli University, Ekpoma, Nigeria.
omorose.ogiemudia@aauekpoma.edu.ng
Abstract
This study aimed at investigating the influence of asset structure and financial technology on financial firms’ performance in the Nigeria Exchange Limited (NGX) from 2013 to 2023. Panel data of forty-six (46) financial firms were sourced from the NGX annual publication. The dynamic panel regression approach of system GMM methodology was adopted. The findings showed that first; financial firms practice adjustment policy and set target performance level to attain. They adjust fast to this desired performance whenever they deviate from it. Second; both components of asset structure significantly impacted performance whether there is financial technology (fintech) or not. Third; the mediating role of financial technology variable of electronic funds transfers engenders asset structure impact on performance more than its counterpart; instant payment. From the foregoing narratives, this study concluded that asset structure and financial technology variables considered in the model are significant determinants of financial firms’ performance. The study recommended amongst others, that financial firms in Nigeria should constantly engage in asset component re-balancing for the effect of their asset structure on performance to remain significant.
Keywords: Asset Structure, Firm Performance, Financial Technology