Conference Paper

Governance Mechanisms, Digital Transformation and International Business Expansion in Nigeria's Industrial Goods Sector.

This study was driven by the need for businesses to better develop corporate governance mechanisms and use digital technologies to boost competitiveness and engage in overseas markets. Although these strategic factors are becoming increasingly important, few empirical studies have been conducted on the impact of these factors when taken together on international business expansion in emerging economies. Therefore, this study examined how Governance Mechanisms and Digital Transformation impact International Business Expansion. A quantitative survey research design was used via structured questionnaire. A sample size of 114 was determined through Taro Yamane formula from a population of 160. The reliability instrument was tested using Cronbach's alpha coefficient and obtained a value of 0.980. The data were analyzed using descriptive statistics, and Multiple Regression Analysis. The findings indicated that the effect of the two independent variables, namely Governance Mechanisms and Digital Transformation, are significant on the dependent variable, International Business Expansion, with R² = 0.927 and the F value is 706.814 and its significance is p < 0.001. Governance Mechanisms had a positive and significant effect, with a β value of 0.413 (p < 0.001), whereas Digital Transformation was the strongest predictor with the highest β value of 0.572 (p < 0.001). The study found that good governance frameworks and ongoing digital transformation efforts play a crucial role in driving international growth and competitiveness. It calls for continued investment in the use of digital technologies and for the consolidation of governance systems for the successful development of international market access. Keywords: Governance Mechanisms, Digital Transformation, International Business Expansion,