Social Media Cost and the Levels of Cash Flow Among Listed Banks in Emerging Economies in Africa

Umukoro, Olaoluwa and Uwuigbe, O. R. and Obigbemi, Imoleayo F and Uwuigbe, U. (2020) Social Media Cost and the Levels of Cash Flow Among Listed Banks in Emerging Economies in Africa. International Journal of Financial Research, 11 (4). pp. 370-383. ISSN 1923-4023 E-ISSN 1923-4031

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Abstract

We examine the effect of social media advertising on the operating, financing and investing level of cash flow based on listed banks in emerging economies in Africa. We employ control variables such as board size and financial leverage to control other factors not captured in our model. Results obtained reveal that social media costs aid all levels of cash flow in Ghana and South-Africa. Social media costs in Botswana have a significant impact with operating and financing cash flow and an insignificant effect with investing cash flow. The results obtained from Kenya revealed a significant relationship between the independent variable and the financing and investing cash flow while an insignificant relationship was statistically obtained when social media cost was regressed against the operating level of cash flow. The Tanzanian results reveal a significant impact with the financing and investing level of cash flow but an insignificant value was obtained from the operating level of cash flow. The Nigerian results yielded an insignificant value, from the operating and financing level of cash flow, while investing cash flow generated a significant relationship.

Item Type:	Article
Uncontrolled Keywords:	social media cost, cash flow, financial leverage, emerging economies
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	22 Nov 2021 12:12
Last Modified:	22 Nov 2021 12:12
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/15499

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