Digital Accounting Practices and Financial Performance of Listed Deposit Money Banks in Nigeria

Odukwu Victory Chika; Eke Promise; Nwankwo Chidozie; Stanley Mirian Owelechi

doi:10.55529/jpome.32.32.41

Authors

Odukwu Victory Chika Ph.D Student, Department of Accounting, Faculty of Management sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria.
Eke Promise Ph.D Student, Department of Accounting, Faculty of Management sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria.
Nwankwo Chidozie Ph.D Student, Department of Accounting, Faculty of Management sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria.
Stanley Mirian Owelechi Ph.D Student, Department of Accounting, Faculty of Management sciences, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria.

Keywords:

Digital Accounting Practices, Financial Performance.

Abstract

The study investigated the relationship between digital accounting practices and financial performance of Nigerian deposit money banks. Both primary and secondary sources were used in the study's examination of the research on Nigerian deposit money banks. The collected data was subjected to regression analysis. Regression analysis was used to predict the value of the dependent variables based on the knowledge about the explanatory factors used to assess the effect on the dependent variables. The eleven (11) deposit money banks registered on the Nigerian Exchange Group (NXG) were the population for this research; however, only nine (9) of such banks were actually sampled and included in the analysis. Among the study's results were positive connections between cloud accounting (CLA) and return on assets; also, blockchain technology had a positive relationship with return on assets. Therefore, the study concluded that the adoption of electronic accounting practices and financial performance of Nigerian deposit money banks. As a result, we propose digital activities in the banking industry and call for more research into digital activities in businesses since doing so may reveal even bigger investment prospects for investors among other things.