Title: Firm attributes and adoption of accounting software: a study of listed food and beverages firms in Nigeria
Authors: Theresa Nkechi Ofor, Ph.D., Anyaegbunam, Josephine Nkolika
Volume: 10
Issue: 6
Pages: 53-64
Publication Date: 2026/06/28
Abstract:
This study examined the effect of firm attributes on the adoption of accounting software among listed food and beverages firms in Nigeria, with specific focus on firm size, firm profitability, and firm liquidity. An ex-post facto research design was adopted for the period 2015-2024, using sixteen food and beverages firms listed on the Nigerian Exchange Group as the population. Twelve firms were purposively selected as the sample using purposive sampling. Secondary data were obtained from the audited annual reports and financial statements of the sampled firms. Descriptive statistics were used to summarize the data, while panel regression analysis (Fixed Effect Model) was employed to test the hypotheses at the 5% level of significance. The findings showed that: firm size had a positive and significant effect on accounting software adoption (? = 0.388, p = 0.0001); firm profitability had a negative but non-significant effect on accounting software adoption (? = -0.010, p = 0.3454); firm liquidity had a positive and significant effect on accounting software adoption (? = 0.152, p = 0.0236). The study concluded that firm attributes significantly influenced accounting software adoption and that stronger financial performance enhanced the likelihood of adopting accounting software among listed firms. Therefore, management of smaller food and beverages firms should actively explore strategies to scale their operations or collaborate with partners to pool resources. This would enable them to access and implement accounting software that can improve efficiency, accuracy, and decision-making, similar to larger firms.