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Effect of Big Data on Accounting Information Quality in Selected Firms in Nigeria

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  • Falana, Gbenga Ayodele

    (Department of Accounting Afe Babalola University Ado-Ekiti, Ekiti State, Nigeria)

  • Olusola Esther (PhD)

    (Department of Accounting Adekunle Ajasin University, Akungba-Akoko, Ondo State, Nigeria)

  • Dagunduro, Muyiwa Emmanuel

    (Department of Accounting Afe Babalola University Ado-Ekiti, Ekiti State, Nigeria)

Abstract

Nigerian Firms have mostly been facing the challenge of disseminating accounting information that would be readily available to users at the expected time. This situation has posed challenges to the quality of accounting information. This study, therefore, investigated the effect of big data on accounting information quality in selected firms in Nigeria. The study specifically focused on data volume, data variety, and data velocity as it affects the timeliness of accounting information. The study adopted a survey research design. The population of the study comprised 157 firms listed on the Nigeria exchange group as of 31st December 2021. A sample size of 20 firms was selected using the purposive sampling method. The study used 100 respondents which represented 5 respondents from each firm. Data were collected from primary sources using a well-structured questionnaire. Data collected were analysed using descriptive statistics and regression analysis. The results revealed that data volume, data variety, and data velocity have a positive significant effect on the timeliness of accounting information. The study concluded that the attribute of data used by firms significantly affects the timeliness of accounting information disseminated. The study recommended that firms should prioritize the management of big data to improve their accounting information.

Suggested Citation

  • Falana, Gbenga Ayodele & Olusola Esther (PhD) & Dagunduro, Muyiwa Emmanuel, 2023. "Effect of Big Data on Accounting Information Quality in Selected Firms in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(3), pages 789-806, March.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:3:p:789-806
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