Empirical Evaluation of Contemporary Performance Measurement Practice among Nigerian Microfinance Banks

Simple item page
dc.contributor.authorAbdulrasaq Mustapha
dc.contributor.authorMubaraq Sanni
dc.date.accessioned2024-08-02T17:02:16Z
dc.date.available2024-08-02T17:02:16Z
dc.date.issued2016
dc.description.abstractBanking is the core of the financial system which has important role in attracting deposit to provide credits to borrowers, services to customers and booting the economy development. Microfinance policy is designed to achieve the foregoing important role for low-income earners and the rural dwellers. Achieving this task, microfinance banks is expected to design and implement an appropriate performance measurement system that beyond traditional financial measures to monitor activities. This paper investigates the extent of Contemporary Performance Measures (CPM) usage in microfinance banks, identify the existing performance measures, problems encounter in implementing the measures and test if there is significant difference on the extent of usage of CPM between microfinance banks located in big and medium cities specifically Ibadan and Ilorin metropolis. Surveyed data collected from randomly selected forty (40) microfinance banks was analyzed through descriptive statistic techniques (percentage, mean scores) and independent sample T-test. The results suggest usage of CPM is low .in addition, our finding identify lack of resources, and little knowledge about CPM majorly account for low usage. This trend cut across cities as there was no significant difference between Ibadan and florin on the extent of usage of CPIV1.SntalI and Medium Business Organization in financial service sector should consistently review the performance measurement framework in line with global best practices and relevant Regulatory Agencies in (he financial service sector should evolve strategies to assist microfinance bank in the areas of performance management.
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/2127
dc.language.isoen
dc.publisherInternational Journal of Accounting, Finance and Management
dc.relation.ispartofseries1; 1
dc.titleEmpirical Evaluation of Contemporary Performance Measurement Practice among Nigerian Microfinance Banks
dc.typeArticle
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
16. EMPIRICAL EVALUATION OF CONTEMPORARY PERFORMANCE MEASUREMENT PRACTICES AMONG NIGERIAN MICROFINANCE BANKS.pdf
Size:
17.52 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Scholarly Publication