Resumen de Effect of Cloud Accounting Characteristics on Performance of Listed Food and Beverages Companies in Nigeria

Hakeem Olayinka Onifade, Saheed Akande Shittu, Sherifdeen Olatunji Aminu, Khairat Taiwo Ajibola

• The study examined the effect of cloud accounting characteristics on the performance of listed food and beverage companies in Nigeria. Cloud accounting characteristics were proxied by the Cost of Software (COSW), Cost of Risk (CORSK), and Cost of Training (COTR), while Return on Equity (ROE) and Market Value (MKV) were used to measure performance. The population of the study comprises all twenty-three (23) food and beverage companies listed on the Nigerian Stock Exchange (NSE) as of December 31, 2021. A purposeful sampling technique was used to choose ten (10) foods and beverages, with secondary data needed for the study of ten (10) years (2012–2021). The study employed the multiple regression analysis technique. The findings revealed that COSW had a negative and significant effect on ROE and MKV. However, COTR has a positive and significant influence on ROE and MKV. The study concluded that COSW and COTR have a significant effect on the performance of food and beverage companies in Nigeria. Hence, the study recommended that food and beverage companies in Nigeria should ensure mechanisms to regulate the cost of training to enjoy the maximum benefit of cloud accounting.