Cloud Accounting Cost and Market Value of Listed Food and Beverages Manufacturing Firms in Nigeria
Despite numerous empirical studies, the relationship between cloud accounting cost and market value of firms still provokes debate. Therefore, this study examined the effect of cloud accounting cost on the market value of listed manufacturing firms in Nigeria between 2012 and 2021. Ex post facto research design was adopted for this study. From population of twenty-three (23), a sample of ten (10) food and beverages manufacturing firm was purposively selected. The study's methodology involved the panel regression models using the fixed effect and random effect models. Based on the results, the coefficient of Cost of Training (COTR) was positive and statistically insignificant within the 1% and 10% conventional level of significance Also, the results revealed that there is a positive and insignificant effect of Cost of Software (COSW) on Market Value (MKV) of food and beverages manufacturing companies in Nigeria while positive and significant effect exists between Cost of Risk (CORSK) and Market Value (MKV). The results further revealed that a positive and insignificant relationship exists between Firm Size (FMSZ) and market value of food and beverages manufacturing companies’ (MKV). Sequel to the findings, the study concluded that cloud accounting cost has a significant contribution to the market value of foods and beverage manufacturing companies in Nigeria. This implies that with cloud accounting, business has real time access to their financial data as it allowed them to make more informed financial decisions, track expenses and monitor cash flow more effectively. Keywords: Cloud Accounting Cost, Market Value, Cost of Software, Cost…