IMPACT OF BOARD MONITORING MECHANISMS ON RETURN ON ASSET IN SELECTED CONSUMER GOODS MANUFACTURING FIRMS IN NIGERIA

This study examined the effect of accounting technology expenditure on shareholder’s return in selected consumer goods manufacturing firms in Nigeria between 2006 and 2025. Using an ex-post facto research design, secondary data were analyzed from ten (10) firms listed on the Nigerian Exchange Group over a 20-year period, Panel Regression Analysis was used to examine the extent to which accounting technology expenditure influence return on equity. Fixed Regression also showed that Board Gender Diversity (BOGD) is positive and significant to Return on Asset (β = 0.047967, p = 0.0000). Board IT Competence exerted strong positive and significant effect on ROA (β = 0.126435, p = 0.0000). CEO Duality has positive and significant effect on ROA (β = 0.026689, p = 0.0000). The study concluded that the model specified for the study adequately captured all variables and is of good fit. Accounting technology expenditure is significant to return on equity in selected consumer goods manufacturing firms in Nigeria. It recommends that firms should focus more on human capital investment, as it consistently improves shareholders’ returns. At the same time, management should carefully evaluate R&D and software investments to ensure that they are aligned with long-term profitability objectives rather than short-term financial pressure.