SMES’ COMMITMENT TO SUSTAINABILITY PRACTICES IN NIGERIA: EXAMINING THE ROLE OF TECHNOLOGY-BASED ACCOUNTING SYSTEMS

Mohammed Kayode  AJAPE; Okwy Peter  OKPALA; Muinat Wuraola  SALAWU

Mohammed Kayode AJAPE University of Lagos
Okwy Peter OKPALA University of Lagos
Muinat Wuraola SALAWU University of Lagos

Keywords: Sustainability, Technology-based Accounting Systems, Small and Medium Enterprises.

Abstract

This study investigates the role of technology-based accounting systems in the commitment of SMEs to sustainability practices in Nigeria. We collected data through a questionnaire administered to 387 SME owners and managers in Lagos State, Nigeria. A descriptive and regression analysis was conducted for hypotheses testing using a combination of SPSS and EViews. The study's results indicated that the most critical factors influencing the adoption of a technology-based accounting system are perceived usefulness and technological literacy. In contrast, barriers to adoption include initial cost and complexity. The results further show that adoption heightens the commitment towards more sustainable practices like waste and energy efficiency, which positively impacts sustainability efforts among SMEs in Nigeria. Thus, the study concluded that technology-based accounting systems increase commitment to sustainability, while the impact on sustainability outcomes of energy efficiency is context-specific. The study suggested that SMEs in Nigeria enhance their adoption of technology-based accounting systems for sustainability practices and that regulatory bodies should facilitate access and resources to enhance technological literacy among SMEs.