Citation:

Celestina Chinyere Okere, Ebere Nwabueze, Emilia Tamunoipirisa Hart. "The Moderating Influence of Financial Technology on Foreign Exchange Policy and Operational Performance of Ports in Rivers State, Nigeria" International Research Journal of Economics and Management Studies, Vol. 2, No. 4, pp. 185-192, 2023.

Abstract:

The study examined the moderating influence of financial technology on the relationship between foreign exchange policy and the operational performance of ports in Rivers State. The study was conceptualized into three variables, namely financial technology, foreign exchange policy and operational performance. The study population comprised 21 terminal operating firms within the two ports in Port Harcourt, Rivers State. A Census Sampling Technique was adopted, and the researcher administered five copies of the questionnaire to five top managerial staff of the 21 terminal operating firms within the two ports in Port Harcourt, Rivers State, totalling 105 respondents. This means that 105 managers from twenty-one terminal operating firms within the two ports in Port Harcourt, Rivers State, formed respondents for the study. Data were generated from the respondents by the use of a well-structured questionnaire. Partial correlation was used to test the moderating influence of financial technology on the study variable with the aid of statistical packages for social science version 25.0 at a p-value of 0.000 less than 0.05 was used to determine the significance of the hypothesized relationship. The results showed different strengths of statistically positive and significant relationships with the study variables. Based on the findings, the study concluded that financial technology significantly moderates the relationship between foreign exchange policy and operational performance of the 21 terminal operating firms within the two ports in Port Harcourt, Rivers State.

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Keywords:

Financial Technology, Foreign Exchange Policy, Operational Performance, Rivers State.