Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms

The effect of International Financial Reporting Standard (IFRS) on the value relevance of accounting information in Nigeria has not been well researched. This study fills the gap in the body of knowledge by investigating the effect of IFRS on the value relevance of accounting disclosures among Niger...

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Main Author:	Alkali, Muhammad Yusuf
Format:	Thesis
Language:	eng eng
Published:	2018
Subjects:	HF5601-5689 Accounting
Online Access:	https://etd.uum.edu.my/7762/1/s94378_01.pdf https://etd.uum.edu.my/7762/2/s94378_02.pdf
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id	my-uum-etd.7762
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Lode, Nor Asma
topic	HF5601-5689 Accounting
spellingShingle	HF5601-5689 Accounting Alkali, Muhammad Yusuf Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms
description	The effect of International Financial Reporting Standard (IFRS) on the value relevance of accounting information in Nigeria has not been well researched. This study fills the gap in the body of knowledge by investigating the effect of IFRS on the value relevance of accounting disclosures among Nigerian listed firms over the period 2009 to 2013, covering the periods before and after the adoption of IFRS. This study used a sample of 126 firms listed on the Nigerian stock market using price and return models. This study found a significant increase in value relevance after IFRS adoption for assets and liabilities; selected assets and liabilities (current assets, fixed assets, current liabilities, and non-current liabilities), accruals, and book value for both price and return models. A significant increase in value relevance was also reported for book value, net income and operating expense under the price model. The findings on book value, earnings and dividends regression for both price and return models report a significant increase after IFRS adoption. However, a decline in value relevance after IFRS adoption was reported for net income and operating expenses and selected net income and expenses under the return model. This study adds to the literature by providing empirically based conclusions on the effect of IFRS on the quality of financial reporting in Nigeria. Furthermore, the study contributes to the theory by investigating the application of efficient market hypothesis (EMH) to financial reporting in emerging economy. This study benefits investors, policy makers, regulators and government concerning the effects of IFRS on financial reporting in Nigeria.
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Alkali, Muhammad Yusuf
author_facet	Alkali, Muhammad Yusuf
author_sort	Alkali, Muhammad Yusuf
title	Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms
title_short	Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms
title_full	Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms
title_fullStr	Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms
title_full_unstemmed	Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms
title_sort	value relevance of accounting information of pre-and post-adoption of ifrs among nigerian listed firms
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2018
url	https://etd.uum.edu.my/7762/1/s94378_01.pdf https://etd.uum.edu.my/7762/2/s94378_02.pdf
_version_	1747828263153041408
spelling	my-uum-etd.77622021-08-09T03:57:08Z Value relevance of accounting information of pre-and post-adoption of IFRS among Nigerian listed firms 2018 Alkali, Muhammad Yusuf Lode, Nor Asma Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Intan Safinaz School of Accountancy (TISSA) HF5601-5689 Accounting The effect of International Financial Reporting Standard (IFRS) on the value relevance of accounting information in Nigeria has not been well researched. This study fills the gap in the body of knowledge by investigating the effect of IFRS on the value relevance of accounting disclosures among Nigerian listed firms over the period 2009 to 2013, covering the periods before and after the adoption of IFRS. This study used a sample of 126 firms listed on the Nigerian stock market using price and return models. This study found a significant increase in value relevance after IFRS adoption for assets and liabilities; selected assets and liabilities (current assets, fixed assets, current liabilities, and non-current liabilities), accruals, and book value for both price and return models. A significant increase in value relevance was also reported for book value, net income and operating expense under the price model. The findings on book value, earnings and dividends regression for both price and return models report a significant increase after IFRS adoption. However, a decline in value relevance after IFRS adoption was reported for net income and operating expenses and selected net income and expenses under the return model. This study adds to the literature by providing empirically based conclusions on the effect of IFRS on the quality of financial reporting in Nigeria. Furthermore, the study contributes to the theory by investigating the application of efficient market hypothesis (EMH) to financial reporting in emerging economy. This study benefits investors, policy makers, regulators and government concerning the effects of IFRS on financial reporting in Nigeria. 2018 Thesis https://etd.uum.edu.my/7762/ https://etd.uum.edu.my/7762/1/s94378_01.pdf text eng public https://etd.uum.edu.my/7762/2/s94378_02.pdf text eng public https://sierra.uum.edu.my/record=b1698832~S1 Ph.D. doctoral Universiti Utara Malaysia Abdul-Baki, Z., Uthman, A. B., and Sanni, M. (2014). Financial ratios as performance measure: A comparison of IFRS and Nigerian GAAP. Accounting & Management Information Systems / Contabilitate Si Informatica de Gestiune, 13(1), 82–97. Retrieved from http://liverpool.idm.oclc.org/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=97112553&site=eds-live&scope=site Aboody, D. (1996). Market valuation of employee stock options. 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