Review on Innovation and Globalization Impact on the Financial Efficiency of Non-financial Multinational Enterprises in Sub-Saharan West Africa

Authors

Kokoete Asuquo Utuk

Abstract

The objective of this study is to systematically review and analyze the existing literature on tech innovation's impact on the financial efficiency of non-financial multinational companies (MNCs) based in Sub-Saharan West Africa during the COVID-19 crisis. The study filtered and engaged relevant resources from 1998 to 2022 from reputable business, finance, and economic journals obtained via Google Scholar and Scopus search engines. The study involved a fit assessment of materials. The findings manifested significant studies on innovation strategies and productivity of MNCs across sectors and industries. But resources were limited regarding COVID-19 and the efficiency of MNCs’ operations. Also, no data is available on the impact dimensions of innovative decisions on income generation on the financial growth of the MNCs operating in the West African region during the 2020 and 2021 outbreaks of the virus. This review exemplifies a recent review on the impact and contribution of innovative strategies and technology applications on the financial advancement of MNCs in Sub-Saharan West Africa over the last three years of COVID-19 challenges. The recommendation invites research on tech innovation and its effect on the financial health of the multinationals during the global economic lockdown for the government and private sector benefit.

Suggested Citation (APA 7th)

Utuk, K. (2022). Review on Innovation and Globalization Impact on the Financial Efficiency of Non-financial Multinational Enterprises in Sub-Saharan West Africa. International Journal of Applied Research in Business and Management, 3(3), 90-103. https://doi.org/10.51137/ijarbm.2022.3.3.6

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