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

Lawrencia Olatunde Ogundipe, Adesanmi Timothy Adegbayibi () and Victor Olugbenga Olaleye
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Lawrencia Olatunde Ogundipe: Osun State College of Education
Adesanmi Timothy Adegbayibi: Adekunle Ajasin University
Victor Olugbenga Olaleye: Osun State College of Education

A chapter in Towards Digitally Transforming Accounting and Business Processes, 2024, pp 661-679 from Springer

Abstract: 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.

Keywords: Business process reengineering; Financial performance; Management accounting; Total quality management; Strategic costing (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-46177-4_35

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DOI: 10.1007/978-3-031-46177-4_35

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