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THE EFFECT OF SOFTWARE AS A SERVICE (SAAS) AND INFRASTRUCTURE AS A SERVICE (IAAS) ON THE RETURN ON ASSET OF QUOTED CONSUMER GOODS FIRMS IN NIGERIA

ABSTRACT

The study analyzed the effect of software as a service (SAAS) and infrastructure as a service (IAAS) on the return on asset of quoted consumer goods firms in Nigeria. The study adopted descriptive survey research design. The population of the study consisted of fourteen (14) consumer goods firms listed on the Nigeria Stock Exchange as of 2022. The sample size of this study consisted of ten (10) consumer goods firms and also adopted purposive sampling technique. The study used primary source of data that were collected from the questionnaire sent by the researcher to the studied firms accounting officers via online goggle forms. The reliability of the instrument was determined using Cronbach Alpha reliability via SPSS while the reliability coefficient of 0.73 was obtained. The data collected were analyzed using multiple regression analysis technique and descriptive statistics technique respectively. The study found that cloud accounting has significant positive effect on the financial performance of quoted consumer goods firms in Nigeria and concluded that Software as a Service (SaaS) revealed a positive significant impact on the financial performance of quoted consumer goods firms in Nigeria while Infrastructure as a Service (IaaS) showed a positive insignificant impact on the financial performance of quoted consumer goods firms in Nigeria. The study concluded that both Software as a Service (SaaS) and Infrastructure as a Service (IaaS) have a measurable but varying influence on the return on assets (ROA) of quoted consumer goods firms in Nigeria. One of the recommendations made was that the management of the studied companies should continue to use cloud accounting via Software as a Service (SaaS ) as this revealed a positive and significant effect on the financial performance of the studied companies.

Keywords: Software, Infrastructure, Service, Return On Asset, Quoted Consumer Goods, Firms, Nigeria

GEORGE, Emem Monday AND ROBERT, Oto-Obong Godwin

INTERNATIONAL JOURNAL OF ADVANCEMENT IN EDUCATION, MANAGEMENT, SCIENCE AND TECHNOLOGY, VOL 8 NO 2.