Goods of Internet Banking on Small and Medium Enterprises Performance

Abstract

This work carried out an examination of goods of Internet Banking on Small Medium Enterprises (SMEs) Performance (P). The pre-set objects were; to identify the factors impacting internet banking operation (IBU) on SP and examine the relationship between IBU and SP and set a thesis as there's no statistical significant relationship between IBU and SP. Primary data was employed. Correlation analysis was employed to identify the factors impacting IBU on SP while multiple retrogression was employed to examine the relationship between IBU and SP. The variables operationalized were; internet banking is fluently assessable (IBIEA), Internet banking is dependable (IBIR), Internet banking is fast (IBIF), Internet banking is cost effective (IBICE), Internet banking is convenience (IBIC) and rate of return (ROR). Chancing revealed that correlationco-efficient (r) and critical p- value between ROR and IBIEA were0.844 and0.000 (P>0.05), ROR and IBIR were0.819 and0.000 (P>0.05), ROR and IBIF were0.863 and0.000 (P>0.05), ROR and IBICE were0.938 and0.000 (P>0.05) while ROR and IBIC were0.896 and0.000 (P>0.05) independently. Thus, the major factor impacting ROR were IBIEA, IBIR, IBIF, IBICE and IBIC. Also, measure of determination R2 was0.801 and multiple correlation measure R was0.895 which inferred that the extent to which independent variables (IBU) explained a variation in the dependent variable (SP). It was affirmed that a significant relationship was between IBU and SP. Also, F- rate and the critical p- value were139.891 and0.000. Since the critical p- value0.000 was lower than0.05 position of statistical significance, it inferred that there was a statistical significance relationship between IBU and SP. It was concluded that the major factor impacting ROR were IBIEA, IBIR, IBIF, IBICE and IBIC.