Accounting Information System and Financial Performance of Listed  Insurance Companies in Nigeria

Adeyinka Damilola Ojomo; Abidemi Olufemi Olusegun Falade

Accounting Information System and Financial Performance of Listed Insurance Companies in Nigeria

Authors

Adeyinka Damilola Ojomo Department of Accountancy Rufus Giwa Polytechnic, Owo, Ondo state, Nigeria https://orcid.org/0009-0000-8721-1457
Abidemi Olufemi Olusegun Falade Department of Economics Adekunle Ajasin University, Akungba Akoko, Ondo-State, Nigeria https://orcid.org/0009-0000-8721-1457

Keywords:

Accounting Information System, Return on Asset (ROA), Pool Data, Insurance Companies

Abstract

The researchers examined the effect of accounting information systems on the financial performance of selected listed insurance companies in Nigeria. The study employed an ex-post facto and quasi-experimental research design. The population consisted of 20 listed insurance firms in Nigeria, with a sample size of 12 firms chosen through purposive sampling. Data were collected from secondary sources, specifically the published annual reports of the selected companies, covering the period from 2010 to 2022. The data were analyzed using descriptive statistics and panel pooled data regression analysis. The study's findings showed that the accounting information system had a significant positive effect on return on assets and working capital at a 5% p-value. The researchers concluded that the accounting information system and adequate working capital significantly influence the financial performance of insurance companies. It was recommended that, to enhance stakeholder trust, insurance companies should adopt accounting information systems that comply with current global information standards to improve financial performance and promote global acceptance.

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2024-11-06

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Adeyinka Damilola Ojomo, & Abidemi Olufemi Olusegun Falade. (2024). Accounting Information System and Financial Performance of Listed Insurance Companies in Nigeria . GVU Journal of Research and Development, 1(1), 27–38. Retrieved from https://gvujorad.com/index.php/pub/article/view/38

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Vol. 1 No. 1 (2024): GVU Journal of Research and Development

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Asemah, E.S., Gujbawu, M., Ekhareafo, D.O. & Okpanachi, R.A. (2012) Research methods and procedures in mass communication. Jos: Great Future Press.

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Asemah, E. S., Okpanachi, R. A. & Olumuji, E. O. (2013). Communicating corporate social responsibility performance of organisations: A key to winning stakeholders' goodwill. International Journal of Arts and Humanities, 2 (4), 27- 54.

Enerijiofi, K. E., Akapo, F. H. & Erhabor, J. O. (2021). GC-MS analysis and antibacterial activities of Moringa oleifera leaf extracts on selected clinical bacterial isolates. Bulletin of the National Research Centre, 45 (179), 1 -10.

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Asemah., J. U Idialu., S. O. Ajagun., M. Osemeke., E. Okwudiri., M. Oaikhena., F. Ohiokha & K. Ola (Ed.).Pandemic in the 21st Century: Multi-dimensional Approaches. Edited Conference Proceedings of the 2nd College of Management and Social Sciences 2021 Conference. Ogwa: Samuel Adegboyega University.

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Nwaoboli, E. P. & Asemah, E. S. (2021). Textual analysis of select online media use of fear appeals in the promotion of COVID-19 vaccination in Nigeria. In E. S. Asemah (Ed.). Communication, Pandemic and Civil Unrest in Nigeria (pp. 5-19). Enugu: Franklead Press.

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Egunjobi, J. P. (2020). Wearing mask to combat COVID. Retrieved from https://www.researchgate.net/publication/341881748_Wearing_Mask_to_Combat_COVI D.

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Eze, J. K. (2022). Communication and development. The Daily Sun, August 24th , p. 5.

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Eze, J. K. (2022). Communication and development. The Tell Magazine, June 24th, p. 5.

Accounting Information System and Financial Performance of Listed Insurance Companies in Nigeria

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