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All Journal Indonesian Management and Accounting Research Jurnal Akuntansi
Olaoye, Ayoola Azeez
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Economics, Econometrics & Finance

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Journal : Jurnal Akuntansi

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Evaluating the Role of Transparent Financial Reporting on Capital Structure Decision-Making of Nigerian Beverage Companies Olaoye, Ayoola Azeez
Jurnal Akuntansi Vol. 16 No. 2 (2024): Vol.16 No. 2 (2024)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28932/jam.v16i2.10003

Abstract

Purpose – Inaccurate financial report may lead to wrong financing decisions in a business. This study therefore examines how financial reporting transparency supports the capital structure decisions-making process, focusing on Nigerian listed beverage companies. Design/methodology/approach – The study analyzes secondary data from the annual financial statements of six selected listed beverage firms for a period of twelve years (2012- 2023). The research employs an ex post facto research approach. The research applies descriptive statistics and panel regression methods comprising fixed effect, random effect and pooled least squares models. After conducting model selection tests, the study considers a random effect model for data estimation. Findings – The results reveal that capital adequacy, debt financing and tangibility of asset play positive significant roles on capital structure decisions-making of Nigerian beverages companies. The research discovers that maintaining transparent financial reports facilitate capital structure decision-making processes of Nigerian beverage companies. The study suggests for beverage firms to diversify their financing sources in order to reduce dependency on debt and avoid its associated risks Research limitations/implications – The limitations include industry specificity and regional applicability, but the findings highlight the importance of adequate capital, tangible assets and debt financing in capital structure decision of beverage companies. Keywords: Capital Structure, Decision-Making, Nigerian Beverage Companies, Transparent Financial Reporting
Artificial Intelligence and Enhancing Accounting Practices in Selected African Countries Olaoye, Ayoola Azeez
Jurnal Akuntansi Vol. 17 No. 1 (2025): Vol. 17 No. 1 (2025)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28932/jam.v17i1.10729

Abstract

Purpose – As the firms in Africa strive to modernize and compete globally, Artificial Intelligence adoption becomes imperative for the transformation of their accounting practices, particularly in Nigeria, South Africa, and Kenya. The aim of this study is therefore to examine the role of AI in improving accounting processes and operational efficiency in selected multinational companies in three under-studied countries. Design/methodology/approach – The study used a quantitative research design through questionnaires distributed to Chief Financial Officers/Accountants in 30 multinational firms with a documented history of AI adoption. The data were analyzed using statistical tools such as content analysis, figures, and measures of central tendency to explore AI's impact. Findings – The study’s results disclosed a significant improvement in accounting practices due to AI adoption with South Africa leading in implementation, followed by Kenya and Nigeria. The result also revealed long-term benefits, including reduced human error, streamlined processes, and improved financial reporting timelines, particularly in South African firms. The study concluded that AI adoption is essential for firms seeking to enhance operational efficiency Research limitations/implications – This study's scientific novelty is the comparative analysis of AI adoption across three African economies, which provides fresh insights into how AI-driven innovations improve organizational processes and efficiency. Its relevance stems from the significance of AI in optimizing accounting practices, which boosts the competitiveness of businesses in Sub-Saharan Africa. Keywords: Artificial Intelligence, Enhancing Accounting Practices, Listed Multinational Companies, Sub-Saharan Africa
Co-Authors Bello, Wasiu oladeji, Felicia Olauremilekun