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DETERMINANTS OF HOUSEHOLD-HEAD USAGE OF AUTOMATED TELLER MACHINE (ATM) IN A TRANSITION ECONOMY: EXAMPLE FROM NIGERIA

Covenant Journal of Business and Social Sciences

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Title DETERMINANTS OF HOUSEHOLD-HEAD USAGE OF AUTOMATED TELLER MACHINE (ATM) IN A TRANSITION ECONOMY: EXAMPLE FROM NIGERIA
 
Creator Michael Adebayo (Ph.D.), AJAYI,
 
Description Studies of ATM usage by household-head in developing countries are often a difficult effort considering the complexity of variants affecting household spending. This paper investigates the use of ATM in Nigeria. Sixty-six social-economic variables were selected in the study. The factor analysis method reduces the Sixty-six variables to nine orthogonal factors. The result of the stepwise regression method identified four factors: Household Acceptability Index (HAI = 65.2 %); Household Time Spent in Withdrawing Money (HTSWM =14.5%); Household Source of Income Index (HSY = 13.3%) and Household Perception on ATM Machine Performance (HPAMP= 4%). All of this together contributes 97% explanation to household ATM usage in the study area. These four factors are relevant to sustainable cashlite economy being implemented in phases by the federal government of Nigeria.
 
Publisher Covenant University
 
Contributor —
 
Date 2016-02-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journals.covenantuniversity.edu.ng/index.php/cjbss/article/view/28
 
Source Covenant Journal of Business and Social Sciences; June 2013 Volume 5, No.1
2334-5708
2006-0300
 
Language eng
 
Relation https://journals.covenantuniversity.edu.ng/index.php/cjbss/article/view/28/24
 
Rights Copyright (c) 2016 Covenant Journal of Business and Social Sciences