The Impact of Modern Information Technology Governance on Financial Performance (An Applied Study on a Sample of Private Iraqi Commercial Banks)

Abstract

This research aims to identify information technology governance and its impact on financial performance. To achieve this, a hypothetical scheme was designed from which hypotheses emerged that stipulate correlations and influence between information technology governance and financial performance. The experimental approach was used to explore and address the research problem of whether information technology governance has The information has the ability to influence and raise the level of financial performance of the research sample. A questionnaire form was used to collect data, and a number of private Iraqi commercial banks were chosen together to implement the research. Their number was (10) banks, namely (Assyria International Bank, Bank of Baghdad, Commercial Bank of Iraq, Bank International Development, Iraqi Middle East Investment Bank, Khaleej Commercial Bank, Hammurabi Bank, Babylon Bank, Al-Mansour Bank, National Bank of Iraq). (322) questionnaires were distributed and (320) of them were retrieved. The data was analyzed and results were drawn through the statistical program. (spss V 25) Many conclusions were reached, the most important of which is (the clarity of the role that information technology governance plays among the employees of the banks studied and its effective role in completing the work and building their commitment and thus raising the level of the banks’ overall financial performance. Based on the conclusions, a set of proposals were proposed, the most important of which is (The researched banks are interested in keeping pace with global development in technology governance, which in turn contributes to improving financial performance.