Title: Accounting software usage and sustainable growth of listed industrial goods firms in Nigeria
Authors: Orjinta, Hope Ifeoma, (PhD)., Okpalaukeje Chukwuemeka, R. U. C., Ezechineyere Peter Odoemelam
Volume: 9
Issue: 12
Pages: 63-81
Publication Date: 2025/12/28
Abstract:
: This study examined the effect of accounting software usage on the sustainable growth of listed industrial goods firms in Nigeria. The specific objectives are to determine the effect of the cost of accounting software, amortisation of accounting software, and the book value of accounting software on sustainable growth. The study adopted an ex-post facto research design and focuses on a population of twelve listed industrial goods firms on the Nigerian Exchange Group, from which nine firms were purposively selected as the sample. Secondary data covering the period 2015 to 2024 were obtained from the audited financial statements of the sampled firms. The hypotheses were tested using random effects regression model. The findings reveal that: the cost of accounting software has a negative and significant effect on sustainable growth of listed industrial goods firms in Nigeria at 5% significance level (? = -0.0503; p = 0.0010); the amortisation of accounting software has a positive and significant effect on sustainable growth of listed industrial goods firms in Nigeria at 5% significance level (? = 0.0331; p = 0.0000); the book value of accounting software has a positive and significant effect on sustainable growth of listed industrial goods firms in Nigeria at 5% significance level (? = 0.0334; p = 0.0155). In conclusion, investments in accounting software can strengthen the long-term financial stability and growth capacity of firms in the industrial sector. The study recommended that management of listed industrial goods firms should adopt cost-effective acquisition strategies such as phased implementation, negotiation with vendors, or the use of scalable subscription-based packages instead of heavy one-time purchases. This approach will reduce financial strain and allow firms to spread expenditures without jeopardising growth prospects.