Corporate Technological Capability as a Driver to Firm Performance: A Study on Firms Listed at the Nairobi Securities Exchange
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Date
2023-08
Authors
Machiri, Ndungu Samuel
Oloko, Margaret
Ngugi, John Karanja
Odhiambo, Romanus
Journal Title
Journal ISSN
Volume Title
Publisher
BIAR
Abstract
The aim of this paper was to assess the role played by corporate technological capabilities on
firm performance. The ability of a firm to integrate information technology in its operations has
been known to be integral in driving organizational success by promoting efficiency and
effectiveness. The prevailing underperformance of the listed firms in Kenya raises the question
on whether these firms have integrated adequate technology and whether they have what it
takes to effectively incorporate technology in their operations, hence the subject of this study.
Through a descriptive and exploratory research design, the study surveyed 240 senior
management personnel drawn from the 64 listed firms using a structured questionnaire. The
data was analysed using SPSS and Amos software for descriptive statistics and structural
equation modelling respectively. The findings revealed that technological capabilities had a
significant influence on the performance of firms listed at the NSE (R2 = .096; β = 0.150;
P=0.0001<0.05). It was concluded that through adequate ICT infrastructure, ICT human skills
and the commitment to integrate and accept use of ICT, the listed firms would strengthen their
operational efficiency thus record superior performance.
Description
Article
Keywords
information technology capabilities, firm-level factors, organizational performance, nairobi securities exchange
Citation
Ndungu Samuel Machiri, Margaret Oloko, John Karanja Ngugi, & Romanus Odhiambo. (2023). Corporate Technological Capability as a Driver to Firm Performance: A Study on Firms Listed at the Nairobi Securities Exchange. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 3(3), 148-162. https://doi.org/10.33258/economit.v3i3.985