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Digitalization and Innovation in Nigerian Firms

Author

Listed:
  • Isaiah Olurinola
  • Romanus Osabohien
  • Bosede Ngozi Adeleye
  • Ifeoluwa Ogunrinola
  • Jacob Isaac Omosimua
  • Tyrone De Alwis

Abstract

This study examined the determinants of digitalization and its impact on innovation in Nigeria. The study applied the logit regression and propensity score matching (PSM) on data sourced from the World Bank 2014/2015 enterprise survey. The result from the logit regression shows that size of the firm, educational qualification of the top manager of the firm, business age, employment growth and sector of operation are the major significant determinants of the extent to which firms digitalized in Nigeria. On the other hand, the result from the propensity score matching shows that digitization is positive and significant in explaining the level of firms' innovation in Nigeria. This means that an increased level of ICT will synonymously increase the level of firms' ability to innovate. Based on the results, the study concludes by recommending that managers of various firms should employ a tactical approach to improve on the rate of digitization and innovation to achieve the desired level of productivity.

Suggested Citation

  • Isaiah Olurinola & Romanus Osabohien & Bosede Ngozi Adeleye & Ifeoluwa Ogunrinola & Jacob Isaac Omosimua & Tyrone De Alwis, 2021. "Digitalization and Innovation in Nigerian Firms," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(3), pages 263-277.
    • Handle: RePEc:asi:aeafrj:v:11:y:2021:i:3:p:263-277:id:2074
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    Citations

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    Cited by:

    1. Rolle Remi Ahuru & Romanus Osabohien & Mamdouh Abdulaziz Saleh Al‐Faryan & Eseosa Joy Sowemimo, 2023. "Information and communication technology adoption and unemployment in West Africa Monetary Zone," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 388-398, January.
    2. Romanus Osabohien & Haoma Worgwu & Syed Kashif Rafi & Oluwasogo Adediran & Oluwatoyin Matthew & Busayo Aderounmu, 2022. "Impact of business innovation on future employment in Nigeria," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3795-3806, December.

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