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The significance of strategic management accounting on the performance of transport businesses in Nigeria

Author

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  • Adetayo Olaniyi Adeniran

    (Federal University of Technology Akure, Nigeria)

  • Oluwabukunmi Eunice Obembe

    (National Open University of Nigeria, Nigeria)

Abstract

The study provided that strategic management accounting is related to the provisions and use of accounting information by people in the organization such as the management and the managers, to make business decisions that would enhance competitive advantage and effective control of the firm's activity. The major purpose of this study is to investigate the significance of the strategic role of strategic management accounting in realizing the better performance of transport businesses in Nigeria. The study generated data from 230 transport businesses in Nigeria through a cross-sectional questionnaire survey approach using drop and pick means of data distribution. The findings revealed that factors such as information, people, and government policy are significant factors impacting the performance of the transport business. Hence, it was suggested that the factors are essential in realizing the performance of transport businesses. Also, the findings reveal that technology has a significant effect on the performance of transport businesses, and revealed the relationship between strategic management accounting and business performance. It is pertinent to note that this study would be of advantage to all transport business owners and researchers as it would give a plausible guideline for taking vibrant decisions concerning business performance, and will be a basis for future research. Based on the findings, it is therefore concluded that information, people, government policy, and technology are the significant factors necessary to induce the efficient performance of the transport business in Nigeria.

Suggested Citation

  • Adetayo Olaniyi Adeniran & Oluwabukunmi Eunice Obembe, 2020. "The significance of strategic management accounting on the performance of transport businesses in Nigeria," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(3), pages 677-688, September.
    • Handle: RePEc:ssi:jouird:v:2:y:2020:i:3:p:677-688
    DOI: 10.9770/ird.2020.2.3(5)
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    References listed on IDEAS

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    1. Svetlana Vegera & Alena Malei & Ina Sapeha & Volha Sushko, 2018. "Information support of the circular economy: the objects of accounting at recycling technological cycle stages of industrial waste," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 190-210, September.
    2. Svetlana Vegera & Alena Malei & Ina Sapeha & Volha Sushko, 2018. "Information support of the circular economy: the objects of accounting at recycling technological cycle stages of industrial waste," Post-Print hal-02121133, HAL.
    3. Dent, Jeremy F., 1990. "Strategy, organization and control: Some possibilities for accounting research," Accounting, Organizations and Society, Elsevier, vol. 15(1-2), pages 3-25.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

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    3. Yerlan Kunyazov & Yertargyn Shakhman & Saule Rakhimova & Alma Mussina & Takhir Ernazarov, 2020. "Design and evaluation of efficiency of macrologistic systems for countries with developing economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1062-1082, December.

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    More about this item

    Keywords

    strategic management accounting; transport business; performance; Nigeria;
    All these keywords.

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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