FINANCIAL EVOLUTION AND FIRM VALUE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

This study assessing the link between the Financial Evolution and Firm Value of Listed DMBs in Nigeria. Secondary data of the sampled banks were obtained from Nigeria exchange groups for a period of 11 years. Multiple Regression estimation analysis was adopted through Stata version 13. Model. It revealed that the Mobile Banking Transaction (MBT), Automated Teller Machine (ATM), Online Transactions (OLT), and Point of Sales Transactions (POS) have significant positive effect on price-earnings ratio (PER) and Price-to-Book Value (PBV),while Electronic Fund Transaction (EFT) have negative significant effect on price-earnings ratio (PER). Also, Internet Banking Transaction (IBT) and Agent Banking Transaction (ABT) have insignificant positive effect on PER and PBV but EFT has insignificant positive effect on PER. This study concludes that financial evolution in terms of MBT, ATM, OLT, and POS significantly impact the firm value. Therefore, the study recommended that DMBs in Nigeria should continue to innovate, upgrade and strategically optimize the utilization of financial innovations to enhance the value of firms. This evolution can lead to improvements in financial performance, risk management and the overall firm value.