Impact of Accounting Information Systems on Financial Performance of Transport and Logistics Companies in Nigeria: Evidence from Panel Data Analysis

Gbasibo; Lawrence Addah; Amah Kalu Ogbonnay; Udofia; Oku-obong Udofia

doi:10.56201/jafm.vol.12.no6.2026.p604.619

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Impact of Accounting Information Systems on Financial Performance of Transport and Logistics Companies in Nigeria: Evidence from Panel Data Analysis

Gbasibo, Lawrence Addah, Amah Kalu Ogbonnay, Udofia, Oku-obong Udofia

Abstract

The integration of accounting information systems into corporate governance and financial management has emerged as a defining strategic imperative for transport and logistics companies operating in Nigeria's dynamic and increasingly competitive economic environment. This study examines the impact of accounting information systems on the financial performance of five selected transport and logistics companies quoted on the Nigerian Exchange Group over the period 2020 to 2024, yielding an unbalanced panel of 23 usable observations after the removal of extreme outliers. The study employs a panel ordinary least squares regression model with company fixed effects, using three financial performance indicators including return on assets , return on equity , and earnings per share as dependent variables, and four AIS proxies namely audit quality , AIS complexity index , AIS capability score , and technology and framework readiness as explanatory variables. Pearson correlation analysis reveals that AUDQ and ACI exhibit statistically significant positive associations with ROA (r = 0.4416, p < 0.05; r = 0.4504, p < 0.05) and EPS (r = 0.4255, p < 0.05; r = 0.4670, p < 0.05), while ACS and TFR demonstrate no statistically significant relationship with any performance measure. Fixed effects regression results confirm that the AIS variables, taken jointly, do not exert a statistically significant effect on ROA (F = 0.2484, p = 0.906), ROE (F = 1.1095, p = 0.391), or EPS (F = 0.0716, p = 0.990) after controlling for firm- specific heterogeneity. The findings suggest that while rudimentary AIS dimensions correlate with financial performance at the bivariate level, unobserved firm-specific characteristics including management quality, capital structure, and market positioning are more powerful determinants of financial outcomes in the Nigerian transport and logistics sector. The study concludes with strategic recommendations for AIS investment prioritization and directions for future research.

Keywords

Accounting Information SystemsFinancial PerformanceReturn on Assets and equityReturn on Equity and Panel Data. JAFM JAFM

References

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Impact of Accounting Information Systems on Financial Performance of Transport and Logistics Companies in Nigeria: Evidence from Panel Data Analysis

Abstract

Keywords

References

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