IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-46177-4_35.html
   My bibliography  Save this book chapter

Management Accounting Practices and Market Value of Selected Manufacturing Firms in Lagos, Nigeria

In: Towards Digitally Transforming Accounting and Business Processes

Author

Listed:
  • Lawrencia Olatunde Ogundipe

    (Osun State College of Education)

  • Adesanmi Timothy Adegbayibi

    (Adekunle Ajasin University)

  • Victor Olugbenga Olaleye

    (Osun State College of Education)

Abstract

The quest to survive and compete successfully in the competitive environment has made management accounting practice a concern for companies that has obligation to grow wealth by improving its performance. The study examines the effect of strategic costing, total quality management and business process reengineering on the performance of selected non-listed manufacturing companies in Lagos, Nigeria. Survey research design is used, and data obtained by administering a well-structured 5-likert scale questionnaire to production manager, operation managers and accountants of selected companies which are not public limited companies in Lagos, Nigeria. A total of 333 respondents filed the questionnaire and the data was analysed using a survey ordinary least square regression. The findings shows that total quality management and business processing reengineering are the most relevant modern management accounting practices that have a positive and a significant effect on the financial performance of manufacturing firms in Nigeria. It is concluded that management accounting practices has a positive influence on financial performance of companies that embraces modern management accounting practices. The study recommends that management should ensure consistent review of the business processing to ensure room is made for quality improvement to gain competitive advantage hereby improve the financial performance of the manufacturing firms.

Suggested Citation

  • Lawrencia Olatunde Ogundipe & Adesanmi Timothy Adegbayibi & Victor Olugbenga Olaleye, 2024. "Management Accounting Practices and Market Value of Selected Manufacturing Firms in Lagos, Nigeria," Springer Proceedings in Business and Economics, in: Tankiso Moloi & Babu George (ed.), Towards Digitally Transforming Accounting and Business Processes, pages 661-679, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-46177-4_35
    DOI: 10.1007/978-3-031-46177-4_35
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-46177-4_35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.