The paper reviews main theoretical reasons explaining why cooperatives and cooperation in developing, rural and poor countries, have a comparative advantage in enlarging poor people's capabilities. In particular, we consider main pillars of the Capability Approach to human development with reference to the relation between groups and capabilities, and discuss why cooperative groups can support participatory human development, grassroots empowerment and human poverty alleviation.
{"title":"Cooperatives and the capabilities of the poor","authors":"None Diego Lanzi","doi":"10.26524/jms.13.34","DOIUrl":"https://doi.org/10.26524/jms.13.34","url":null,"abstract":"The paper reviews main theoretical reasons explaining why cooperatives and cooperation in developing, rural and poor countries, have a comparative advantage in enlarging poor people's capabilities. In particular, we consider main pillars of the Capability Approach to human development with reference to the relation between groups and capabilities, and discuss why cooperative groups can support participatory human development, grassroots empowerment and human poverty alleviation.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131251","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Several definitions of social welfare can be found in the professional literature, especially on corporate social responsibility. In this paper, we start from the social responsibility of corporates and individuals for the creation of added value as a fundamental criterion for defining appropriate behavior. At the same time social irresponsibility is defined as well. It is important to define the responsible pillars for particular processes. Such a definition of processes enables the planning of social action in the broadest sense.
{"title":"Four paths to social wellbeing","authors":"None Živko Bergant","doi":"10.26524/jms.13.32","DOIUrl":"https://doi.org/10.26524/jms.13.32","url":null,"abstract":"Several definitions of social welfare can be found in the professional literature, especially on corporate social responsibility. In this paper, we start from the social responsibility of corporates and individuals for the creation of added value as a fundamental criterion for defining appropriate behavior. At the same time social irresponsibility is defined as well. It is important to define the responsible pillars for particular processes. Such a definition of processes enables the planning of social action in the broadest sense.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The customers purchase decision process and the related satisfaction is always an important issue in marketing management. This paper investigates the impact of satisfaction with customers’ decision process on evaluating their post purchase performance. When customers feel dissatisfied in purchase decision, the positive or negative perceive value will occur event the post purchase evaluation is satisfaction or dissatisfaction. The author proposes a stochastic model to describe the contradiction situation. The conditional probability is used to construct different scenarios with decision process and post purchase evaluation. The empirical data is provided to estimate the parameters of the proposed model. It is also used to make model calibration. Finally, the research results and application are demonstrated.
{"title":"Decision satisfaction and the evaluation of post purchase","authors":"None Hui-Hsin Huang","doi":"10.26524/jms.13.28","DOIUrl":"https://doi.org/10.26524/jms.13.28","url":null,"abstract":"The customers purchase decision process and the related satisfaction is always an important issue in marketing management. This paper investigates the impact of satisfaction with customers’ decision process on evaluating their post purchase performance. When customers feel dissatisfied in purchase decision, the positive or negative perceive value will occur event the post purchase evaluation is satisfaction or dissatisfaction. The author proposes a stochastic model to describe the contradiction situation. The conditional probability is used to construct different scenarios with decision process and post purchase evaluation. The empirical data is provided to estimate the parameters of the proposed model. It is also used to make model calibration. Finally, the research results and application are demonstrated.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135132281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
None John Adeboye Oyeboade, None Adetutu Fatimo Talabi, None Taiwo Hope Odeyemi, None Mutiat Yewande Salvador, None Kehinde Joy Makinde
Many Nigerian polytechnic libraries seem not subscribe to or renew their subscriptions to Web-based Information Resources (WBIR) databases despite its increasing popularity in the academic world. Hence, the study was aimed to look into recurring issues in the use of WBIR by public polytechnic students in Southwestern Nigeria. Six public polytechnics out of the 16 offering Higher National Diploma (HND) programmemes were selected by stratified random sampling to reflect federal and stage polytechnics. Proportionate to size sampling technique was used to select 1,463 HND students. The instruments used were WBIR use for Academic Tasks (α=0.98), and Challenges of WBIR Use (α=0.84) scales. Data were analysed using proportionate and descriptive statistics. Majority of the respondents 709(51.1%) listed Google as the major search engine used. Others indicated a combination of Google and other search engines like Google, and Bing (71 or 5.1%), Chrome, Google, and Operamini (71 or 5.1%). Wikipedia (136 or 9.8%), and Myschool.com 55 (4.0%)are commondatabase/website used by the students.Challenges to WBIR use include high cost of accessibility (α=2.73) and download delay (α=2.64).Public polytechnic students in Southwestern Nigeria used web-based information resources, especially obtainable through Google search engine and Wikipedia.Information literacy programs at polytechnic libraries should not be taken lightly.
{"title":"Issues in use of web-based information resources by public polytechnic students in southwestern Nigeria","authors":"None John Adeboye Oyeboade, None Adetutu Fatimo Talabi, None Taiwo Hope Odeyemi, None Mutiat Yewande Salvador, None Kehinde Joy Makinde","doi":"10.26524/jms.13.29","DOIUrl":"https://doi.org/10.26524/jms.13.29","url":null,"abstract":"Many Nigerian polytechnic libraries seem not subscribe to or renew their subscriptions to Web-based Information Resources (WBIR) databases despite its increasing popularity in the academic world. Hence, the study was aimed to look into recurring issues in the use of WBIR by public polytechnic students in Southwestern Nigeria. Six public polytechnics out of the 16 offering Higher National Diploma (HND) programmemes were selected by stratified random sampling to reflect federal and stage polytechnics. Proportionate to size sampling technique was used to select 1,463 HND students. The instruments used were WBIR use for Academic Tasks (α=0.98), and Challenges of WBIR Use (α=0.84) scales. Data were analysed using proportionate and descriptive statistics. Majority of the respondents 709(51.1%) listed Google as the major search engine used. Others indicated a combination of Google and other search engines like Google, and Bing (71 or 5.1%), Chrome, Google, and Operamini (71 or 5.1%). Wikipedia (136 or 9.8%), and Myschool.com 55 (4.0%)are commondatabase/website used by the students.Challenges to WBIR use include high cost of accessibility (α=2.73) and download delay (α=2.64).Public polytechnic students in Southwestern Nigeria used web-based information resources, especially obtainable through Google search engine and Wikipedia.Information literacy programs at polytechnic libraries should not be taken lightly.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
None Osayi Valentine Igbinedion, None Akemieyefa Matthew
The Study x-rayed diaspora remittance, the Nigerian financial system and sustainable economic development in Nigeria. The study used remittance inflows as measure of Diaspora Remittance and the Gross Domestic Product (GDP) as a measure of sustainable economic development. The study examined the absorptive capacity of the Nigerian financial system to mobilize diapora remittance and transform same into sustainable economic growth and development. Content Analysis (CA) technique was deployed to analyse and examine the data collected from the Central Bank of Nigeria (CBN) Statistical Bulletins for various years, Nigerian Bureau of Statistics (NBS) and the World Bank Development Indicators data base from 1987 to 2020. The data are comprised of the values of diaspora remittance, Gross Domestic product (GDP) and Official development Assistance (ODA). The analysis of the data revealed that the Nigerian financial system mobilized millions and billions of US dollars in remittance into the economy for the period which span thirty fours years with diaspora remittance reaching its peak of twenty six billion, eight hundred and ninety one million, nine hundred and eighty thousand two hundred dollars in 2011. Between 2011 and 2020, the Nigerian financial system raked in an average of twenty five billion US dollars in remittance inflows into the economy. Following from the foregoing findings, the study recommended that the Central Bank of Nigeria (CBN) being the monetary and regulatory authority of the banking system, should formulate policies that would further encourage the inflow of Diaspora remittance through the banking system such that diaspora remittances are well utilized to boost employment generation in order to engender sustainable economic growth and development.
{"title":"Diaspora remittance, financial system and sustainable economic development in Nigeria","authors":"None Osayi Valentine Igbinedion, None Akemieyefa Matthew","doi":"10.26524/jms.13.30","DOIUrl":"https://doi.org/10.26524/jms.13.30","url":null,"abstract":"The Study x-rayed diaspora remittance, the Nigerian financial system and sustainable economic development in Nigeria. The study used remittance inflows as measure of Diaspora Remittance and the Gross Domestic Product (GDP) as a measure of sustainable economic development. The study examined the absorptive capacity of the Nigerian financial system to mobilize diapora remittance and transform same into sustainable economic growth and development. Content Analysis (CA) technique was deployed to analyse and examine the data collected from the Central Bank of Nigeria (CBN) Statistical Bulletins for various years, Nigerian Bureau of Statistics (NBS) and the World Bank Development Indicators data base from 1987 to 2020. The data are comprised of the values of diaspora remittance, Gross Domestic product (GDP) and Official development Assistance (ODA). The analysis of the data revealed that the Nigerian financial system mobilized millions and billions of US dollars in remittance into the economy for the period which span thirty fours years with diaspora remittance reaching its peak of twenty six billion, eight hundred and ninety one million, nine hundred and eighty thousand two hundred dollars in 2011. Between 2011 and 2020, the Nigerian financial system raked in an average of twenty five billion US dollars in remittance inflows into the economy. Following from the foregoing findings, the study recommended that the Central Bank of Nigeria (CBN) being the monetary and regulatory authority of the banking system, should formulate policies that would further encourage the inflow of Diaspora remittance through the banking system such that diaspora remittances are well utilized to boost employment generation in order to engender sustainable economic growth and development.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135132282","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study provided evidence that global crises affected the inflation in Nigeria. Analysing data over the 1999Q1-2022Q4 period within the Test of Means and Variances model, this study finds that the magnitude and volatility of inflation in Nigeria changed with crises. While inflation declined after the global financial crisis (GFC), its volatility rose after the crisis. In contrast, inflation rose after the COVID-19 pandemic while the volatility increased. The decline in inflation after the GFC was associated with increase in real GDP, suggesting its inflation-reducing output effects post-GFC. The absence of any significant increase in real GDP after the COVID-19 shows that the pandemic was trailed by stagflation. These results also show that COVID-19 impacted on inflation dynamics in Nigeria differently from how GFC had.
{"title":"Global crises and inflation dynamics in Nigeria","authors":"None Nimat Alley, None Ejatu Tukura, None Hamzat Abubakr, None Ibrahim Alley","doi":"10.26524/jms.13.31","DOIUrl":"https://doi.org/10.26524/jms.13.31","url":null,"abstract":"This study provided evidence that global crises affected the inflation in Nigeria. Analysing data over the 1999Q1-2022Q4 period within the Test of Means and Variances model, this study finds that the magnitude and volatility of inflation in Nigeria changed with crises. While inflation declined after the global financial crisis (GFC), its volatility rose after the crisis. In contrast, inflation rose after the COVID-19 pandemic while the volatility increased. The decline in inflation after the GFC was associated with increase in real GDP, suggesting its inflation-reducing output effects post-GFC. The absence of any significant increase in real GDP after the COVID-19 shows that the pandemic was trailed by stagflation. These results also show that COVID-19 impacted on inflation dynamics in Nigeria differently from how GFC had.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
None Nazif Bala Yeldu, None Abubakar Muhammad Illo, None Muhammad Muktar Abubakar, None Olarinre Samson Oladele
This paper aims to analyze the efforts and challenges of the Value Added Tax (VAT) system in Nigeria from 2000 to 2020. The introduction of VAT in Nigeria was necessary as part of the government’s fiscal planning to mobilize revenues and strengthen the Nigerian economy. The VAT system has been in operation for more than two decades, and its implementation had its challenges and successes. This study seeks to explore the efforts made and challenges encountered by the Nigerian government in the successful implementation of the VAT system/ from the period under review. A qualitative research approach was adopted, and data was gathered through a literature review. The findings of this study revealed that while the introduction of the VAT system has resulted in increased revenues for the government, there are still challenges that need to be addressed.These challenges include poor tax compliance, weak compliance infrastructure, capacity building, inadequate administrative infrastructure, inadequate enforcement, lack of efficiency, inadequate usage of technology, politicization of the system, and inadequate public awareness. The study concludes by suggesting several measures that could be taken to address these challenges and improve the effectiveness of the system.
{"title":"Efforts & challenges of Nigeria value added tax: from 2000-2020","authors":"None Nazif Bala Yeldu, None Abubakar Muhammad Illo, None Muhammad Muktar Abubakar, None Olarinre Samson Oladele","doi":"10.26524/jms.13.37","DOIUrl":"https://doi.org/10.26524/jms.13.37","url":null,"abstract":"This paper aims to analyze the efforts and challenges of the Value Added Tax (VAT) system in Nigeria from 2000 to 2020. The introduction of VAT in Nigeria was necessary as part of the government’s fiscal planning to mobilize revenues and strengthen the Nigerian economy. The VAT system has been in operation for more than two decades, and its implementation had its challenges and successes. This study seeks to explore the efforts made and challenges encountered by the Nigerian government in the successful implementation of the VAT system/ from the period under review. A qualitative research approach was adopted, and data was gathered through a literature review. The findings of this study revealed that while the introduction of the VAT system has resulted in increased revenues for the government, there are still challenges that need to be addressed.These challenges include poor tax compliance, weak compliance infrastructure, capacity building, inadequate administrative infrastructure, inadequate enforcement, lack of efficiency, inadequate usage of technology, politicization of the system, and inadequate public awareness. The study concludes by suggesting several measures that could be taken to address these challenges and improve the effectiveness of the system.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The rapid growth of the internet and advancements in digital technology has significantly transformed the landscape of media consumption, giving rise to a plethora of online internet-based broadcast media stations. This study therefore, interrogates the online internet-based broadcast media stations, its platforms, implications and emerged paradigms. The researcher embarked on this study basically to examine the diverse platforms of online internet-based broadcast media stations; to assess the implications of online internet-based broadcast media stations on traditional media industries and the evolving media ecosystem and to explore the emerged paradigms of online internet-based broadcast media stations, including user-generated content and the integration of artificial intelligence. This study is anchored on the uses and gratification theory. Using the survey research design, questionnaire was used to elicit responses from the respondents. Findings show that majority of the respondents (31%) noted that social media platforms is one of the most widely used platforms for online internet-based broadcast media stations. Also, a majority of the respondents (31%) noted that one of the implications of online internet-based broadcast media stations on traditional media industries and the evolving media ecosystem is fragmentation of audience. This study recommends that to address concerns regarding misinformation and disinformation, it is crucial to promote platform transparency and accountability. Online media platforms should disclose their content curation algorithms and provide clear guidelines for content moderation.
{"title":"Interrogating the Online Internet-Based Broadcast Media Stations: Platforms, Implications and Emerged Paradigms","authors":"None Obinna Johnkennedy Chukwu","doi":"10.26524/jms.13.36","DOIUrl":"https://doi.org/10.26524/jms.13.36","url":null,"abstract":"The rapid growth of the internet and advancements in digital technology has significantly transformed the landscape of media consumption, giving rise to a plethora of online internet-based broadcast media stations. This study therefore, interrogates the online internet-based broadcast media stations, its platforms, implications and emerged paradigms. The researcher embarked on this study basically to examine the diverse platforms of online internet-based broadcast media stations; to assess the implications of online internet-based broadcast media stations on traditional media industries and the evolving media ecosystem and to explore the emerged paradigms of online internet-based broadcast media stations, including user-generated content and the integration of artificial intelligence. This study is anchored on the uses and gratification theory. Using the survey research design, questionnaire was used to elicit responses from the respondents. Findings show that majority of the respondents (31%) noted that social media platforms is one of the most widely used platforms for online internet-based broadcast media stations. Also, a majority of the respondents (31%) noted that one of the implications of online internet-based broadcast media stations on traditional media industries and the evolving media ecosystem is fragmentation of audience. This study recommends that to address concerns regarding misinformation and disinformation, it is crucial to promote platform transparency and accountability. Online media platforms should disclose their content curation algorithms and provide clear guidelines for content moderation.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study assessed the health information needs of the rural women in Ilorin East Local Government Area of Kwara State, Nigeria. The study used primary data. The primary data were collected using structured questionnaire. Multistage sampling technique was use to select respondents for the study. A total number of eighty rural women were selected for the study. Data were analyzed using frequency, percentage, mean and Likert type rating scale. The result of the study revealed that the mean age of the respondents was 37.7 years, their average income was 27,637.50 Naira. The result revealed that majority (98.8 %) of respondents’ source of health information were radio/television (98.8%), Neighbors and friends (92.5%), drug hawkers (90.0%), family members (77.5%), local chemist shops (75.3%) and Doctors/Nurses (67.5%). The common health challenges in the study area are typhoid fever (40.0%), malaria (43.8%) and (28.8%) miscarriages. Also, the result identified that First aid treatment with a mean score (2.21), Drug/Pharmaceutical care information (2.20) and infant’s health care (2.10) were areas where the respondents highly needs health information. The result also reveals that Illiteracy (2.51) and low level of income (2.08), communication barrier (1.93), poor electricity (1.91) and poor attitude of health personnel (1.91) were some of problems preventing rural women from getting health information. The study concluded that there is information need among rural women in the study area. The study therefore recommends that for government to achieve its vision of good health for all, there is need for targeted policies in the areas of health information needs of rural women and there should be provision of health facilities in the rural areas by the government and donor agencies.
{"title":"Health information needs of rural women in ilorin east local government area of Kwara State, Nigeria","authors":"None S.A. Ahmed, None J.O. Ifabiyi, None I.K. Banjoko","doi":"10.26524/jms.13.33","DOIUrl":"https://doi.org/10.26524/jms.13.33","url":null,"abstract":"The study assessed the health information needs of the rural women in Ilorin East Local Government Area of Kwara State, Nigeria. The study used primary data. The primary data were collected using structured questionnaire. Multistage sampling technique was use to select respondents for the study. A total number of eighty rural women were selected for the study. Data were analyzed using frequency, percentage, mean and Likert type rating scale. The result of the study revealed that the mean age of the respondents was 37.7 years, their average income was 27,637.50 Naira. The result revealed that majority (98.8 %) of respondents’ source of health information were radio/television (98.8%), Neighbors and friends (92.5%), drug hawkers (90.0%), family members (77.5%), local chemist shops (75.3%) and Doctors/Nurses (67.5%). The common health challenges in the study area are typhoid fever (40.0%), malaria (43.8%) and (28.8%) miscarriages. Also, the result identified that First aid treatment with a mean score (2.21), Drug/Pharmaceutical care information (2.20) and infant’s health care (2.10) were areas where the respondents highly needs health information. The result also reveals that Illiteracy (2.51) and low level of income (2.08), communication barrier (1.93), poor electricity (1.91) and poor attitude of health personnel (1.91) were some of problems preventing rural women from getting health information. The study concluded that there is information need among rural women in the study area. The study therefore recommends that for government to achieve its vision of good health for all, there is need for targeted policies in the areas of health information needs of rural women and there should be provision of health facilities in the rural areas by the government and donor agencies.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The integration of artificial intelligence (AI) in banking and finance has revolutionized the industry by enhancing efficiency, accuracy, and customer experience. This research paper provides an in-depth analysis of the use of AI in banking and finance, examining its various applications such as fraud detection, credit scoring, customer service, and investment management. By reviewing the existing literature, this paper aims to explore the benefits and challenges associated with AI implementation in the financial sector. The findings reveal that AI technologies have significantly improved decision-making processes, reduced operational costs, and increased overall profitability. However, concerns related to data privacy, bias, and ethical implications must be carefully addressed to ensure the responsible and sustainable use of AI in the future.
{"title":"Role of artificial intelligence in banking and finance","authors":"None Rita Jain","doi":"10.26524/jms.13.27","DOIUrl":"https://doi.org/10.26524/jms.13.27","url":null,"abstract":"The integration of artificial intelligence (AI) in banking and finance has revolutionized the industry by enhancing efficiency, accuracy, and customer experience. This research paper provides an in-depth analysis of the use of AI in banking and finance, examining its various applications such as fraud detection, credit scoring, customer service, and investment management. By reviewing the existing literature, this paper aims to explore the benefits and challenges associated with AI implementation in the financial sector. The findings reveal that AI technologies have significantly improved decision-making processes, reduced operational costs, and increased overall profitability. However, concerns related to data privacy, bias, and ethical implications must be carefully addressed to ensure the responsible and sustainable use of AI in the future.","PeriodicalId":37730,"journal":{"name":"Journal of Management Information and Decision Science","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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