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

Adetayo Adeniran () and Oluwabukunmi Obembe ()
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Adetayo Adeniran: FUTA - Federal University of Technology of Akure
Oluwabukunmi Obembe: NOUN - National Open University of Nigeria

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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.

Keywords: Strategic management accounting; Transport business; performance; Nigeria (search for similar items in EconPapers)
Date: 2020-09-30
New Economics Papers: this item is included in nep-cse
Note: View the original document on HAL open archive server: https://hal.science/hal-03271851
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Citations: View citations in EconPapers (3)

Published in Insights into Regional Development, 2020, 2 (3), pp.677 - 688. ⟨10.9770/ird.2020.2.3(5)⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03271851

DOI: 10.9770/ird.2020.2.3(5)

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