The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria
Value relevance as a field of study has been growing rapidly and gaining attention by many scholars. Value relevance was also viewed as extent of association between accounting information and market value. Therefore, the main objective of this study is to investigate the value relevance of accoun...
Saved in:
| 主要作者: | |
|---|---|
| 格式: | Thesis |
| 语言: | eng eng |
| 出版: |
2015
|
| 主题: | |
| 在线阅读: | https://etd.uum.edu.my/5579/1/s817520_01.pdf https://etd.uum.edu.my/5579/2/s817520_02.pdf |
| 标签: |
添加标签
没有标签, 成为第一个标记此记录!
|
| id |
my-uum-etd.5579 |
|---|---|
| record_format |
uketd_dc |
| institution |
Universiti Utara Malaysia |
| collection |
UUM ETD |
| language |
eng eng |
| advisor |
Abdul Manaf, Kamarul Bahrain |
| topic |
HF5601-5689 Accounting |
| spellingShingle |
HF5601-5689 Accounting Sullubawa, Nabila Kabir The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria |
| description |
Value relevance as a field of study has been growing rapidly and gaining attention by many scholars. Value relevance was also viewed as extent of association between accounting
information and market value. Therefore, the main objective of this study is to investigate
the value relevance of accounting information among listed companies in Nigeria. The study also examined the impact of IFRS on value relevance of accounting information of Nigerian listed companies where, 68 listed companies in NSE were used as the sample of the study over the period of 6 years (2009-2014). It investigated the pre-IFRS period from 2009-2011 and post-IFRS period from 2012-2014. The study used pooled OLS model to analyze the data extracted from Thompson Reuters online data stream. Furthermore, the study found that accounting information of listed companies in Nigeria as value relevant using the Ohlson model where, both book value of equity and earnings are positively and significantly related to market value of equity. More also, the study found that value relevance of both earnings and book value of equity has increased in the post-IFRS period |
| format |
Thesis |
| qualification_name |
masters |
| qualification_level |
Master's degree |
| author |
Sullubawa, Nabila Kabir |
| author_facet |
Sullubawa, Nabila Kabir |
| author_sort |
Sullubawa, Nabila Kabir |
| title |
The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria |
| title_short |
The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria |
| title_full |
The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria |
| title_fullStr |
The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria |
| title_full_unstemmed |
The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria |
| title_sort |
impact of international financial reporting standard (ifrs) on value relevance of accounting information: evidence from nigeria |
| granting_institution |
Universiti Utara Malaysia |
| granting_department |
Othman Yeop Abdullah Graduate School of Business |
| publishDate |
2015 |
| url |
https://etd.uum.edu.my/5579/1/s817520_01.pdf https://etd.uum.edu.my/5579/2/s817520_02.pdf |
| _version_ |
1747827954082119680 |
| spelling |
my-uum-etd.55792021-04-05T01:29:22Z The impact of international financial reporting standard (IFRS) on value relevance of accounting information: Evidence from Nigeria 2015 Sullubawa, Nabila Kabir Abdul Manaf, Kamarul Bahrain Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting Value relevance as a field of study has been growing rapidly and gaining attention by many scholars. Value relevance was also viewed as extent of association between accounting information and market value. Therefore, the main objective of this study is to investigate the value relevance of accounting information among listed companies in Nigeria. The study also examined the impact of IFRS on value relevance of accounting information of Nigerian listed companies where, 68 listed companies in NSE were used as the sample of the study over the period of 6 years (2009-2014). It investigated the pre-IFRS period from 2009-2011 and post-IFRS period from 2012-2014. The study used pooled OLS model to analyze the data extracted from Thompson Reuters online data stream. Furthermore, the study found that accounting information of listed companies in Nigeria as value relevant using the Ohlson model where, both book value of equity and earnings are positively and significantly related to market value of equity. More also, the study found that value relevance of both earnings and book value of equity has increased in the post-IFRS period 2015 Thesis https://etd.uum.edu.my/5579/ https://etd.uum.edu.my/5579/1/s817520_01.pdf text eng public https://etd.uum.edu.my/5579/2/s817520_02.pdf text eng public masters masters Universiti Utara Malaysia Abiodun, B. Y. (2012). Significant of accounting information on corporate values of firms in Nigeria. Research Journal in Organizational Psychology & Educational Studies, 1(2), 105–113. Abdulmanaf, K.,B. (2010). The usefulness of earnings and employee stock options expense. Universiti utara malaysia Doctorate thesis Alfaraih, M. (2009) compliance with international financial reporting standards (IFRS) and value relevance of accounting informtion from emerging market: evidence from Kuwait Queesland University Doctotorate thesis Andriantoma, A. and Yudianti, F. (2013). The Value Relevance of Accounting Information at Indonesia Stock Exchange International Conference on Business, Economics, and Accounting, Bangkok - Thailand Akindele, A., O. (2012). the impact of international financial reporting standards. adoption on financial statements: the case study of Nigeria Vaasa university Asteriou, D. and Hall, S. G. (2007). Applied econometrics: a modern approach using Eviews and microfit, New York, palgrave macmillian; USA Azim, habib and. (2010). Baba, B., U. (2013). Assessing Nigeria’s Journey towards IFRS Adoption Information Management and Business Review Vol. 5,(10), 505-513 ISSN 2220-3796 Bao, Y. (2004). The value relevance of accounting information: Evidence from Asian stock markets. ProQuest Dissertations and Theses, (1), 136–136 p. Retrieved from http://search.proquest.com/docview/305174136? accountid=41453 Barth, M. E., Beaver, W. H. and Landsman, R. (2000). The Relevance of Value Relevance Research. Journal of Accounting & Economics Conference, (650), 41. Callen, J., L. and Sigal, D. (2005). Empirical Test of the Feltham-Ohlson Model (1995). Review of accounting studies Vol. 10 Pg. 409-429. Camadeca, R., Almici, A and Brivio, A. R (2014) the value relevance of accounting information in Italian and UK stocks markets Problems and perspectives in management Vol. 12(4) Cartney, S.M., (2004) The use of usefulness: An examination of the user needs approach to the financial reporting conceptual framework The Journal of Applied Accounting Research 7(2): 15-21 Camodeca, R., Almici, A., & Brivio, A. R. (2014). The value relevance of accounting information in the Italian and UK stock markets, 12(4). Chiha, H., Trabelsi, N. S., & Hamza, S. E. (2013). The Effect of IFRS on Earnings Quality in a European Stock Market : Evidence from France. Interdisciplinary Journal of Research in Business, 2(12), 35–47. Dandago, K., I. and Hassan, N. B. (2013). DECISION USEFULNESS APPROACH TO FINANCIAL REPORTING: A CASE FOR MALAYSIAN INLAND REVENUE BOARD Asian Economic and Financial Review, Vol. 3(6):772-784 Dalla, K., L., G. (2011). The impact of IFRS implementation on Greek listed companies International Journal of Managerial Finance, Vol. 7 (3) 284 - 303 http://dx.doi.org/10.1108/17439131111144478 Doupkin, T. and Perera, H. (2012) International Accounting third edition Edogbanya, A., and Kamardin, H. (2014). Adoption of International Financial Reporting Standards in Nigeria: Concepts and Issues Journal of Advanced Management Science Vol. 2, (1). Ernest, O., and Oscar, M., C. (2014). THE COMPARATIVE STUDY OF VALUE RELEVANCE OF FINANCIAL INFORMATION IN THE NIGERIA BANKING AND PETROLEUM SECTORS Journal of Business Studies Quarterly, Vol 6,(1) ISSN 2152-1034 Fama, E., F. (1969). Efficient Capital Markets: A Review of Theory and Empirical Work The Journal of Finance, Vol. 25 (2), Papers and Proceedings http://www.jstor.org/stable/2325486 Godfrey, J., A., Hodgson, S. Holme and A. Tarca, (2006) Accounting theory 6th Edition, Australia (GHHT): John Wiley & Sons Hair Jr, J. F., Anderson, R. E., Tatham, R. L., & William, C. Black. (1995). Multivariate data analysis, 4. Hassan, O. G., Romilly, P., Giorgioni, G., & Power, D. (2009). The value relevance of disclosure: Evidence from the emerging capital market of Egypt. International Journal of Accounting, 44(1), 79–102. http://doi.org/10. 1016/j.intacc.2008.12.005 Healy, J. F. (2002). Statistics: A Tool for Social Research, 6th Edition, Wad Worth Thompson Learning, United States. Hellström, K. (2005). The Value Relevance of Financial Accounting Information in a Transitional Economy : The Case of the Czech Republic Katerina Hellström Centre for Financial Analysis in Accounting Stockholm School of Economics Box 6501 SSE/EFI Working Paper Series in Busi. Jabar, D., S. (2012). the influence of institutional factors on the value relevance of accounting information: evidence from Jodan. A Ph.d thesis university utara Malaysia Kargin, S. (2013). The Impact of IFRS on the Value Relevance of Accounting Information: Evidence from Turkish Firms. International Journal of Economics and Finance, 5, 71–80. http://doi.org/10.5539/ijef.v5n4p71 Khanagha, J., B. (2011). Value Relevance of Accounting Information in the United Arab Emirates International Journal of Economics and Financial Issues Vol. 1(2), 33-45 ISSN:2146-4138 Klimczak, K. M. (2011). MARKET REACTION TO MANDATORY IFRS ADOPTION: EVIDENCE FROM POLAND. Accounting and Management Information Systems, 10, 228–248. Retrieved from http://search.proquest.com/docview/889255890? accountid=26357 Kothari, S., P. (2001). capital markets research in accounting Journal of Accounting and Economics Vol. 31 Konstantinos, P. P., Anthanasios, B., P. (2011). The Value Relevance of Accounting Information under Greek and International Financial Reporting Standards : The Influence of Firm – Specific Characteristics. Finance and Economics, 76(76). Kousenidis, D. V., Ladas, A. C., & Negakis, C. I. (2010). Value relevance of accounting information in the Pre- and Post-IFRS accounting periods. European Research Studies Journal, 13(1), 145–154. Madawaki, A. (2012). Adoption of International Financial Reporting Standards in Developing Countries: The Case of Nigeria International Journal of Business and Management Vol. 7, No. 3. http:www.ccsenet.org/ijbm Mary, J., Okoye, A., E., and Samson, A., O. (2013). Accounting standards in Nigeria, the journey so far Research Journal of Business Management and Accounting Vol. 2(1),001- 010, ISSN 2277 0712 Mohammed, Y. A., & Lode, A. nor. (2015). The Value Relevance of Accounting Disclosures among Nigerian Financial Institutions after the IFRS Adoption. Mediterranean Journal of Social Sciences, 6(1), 409–418. http://doi.org/10.5901/mjss.2015.v6n1p409 Mohammed, Y. A., & Lode, N. A. (2012). Efforts and challenges in adopting International Financial Reporting Standards (IFRS) in Nigeria. Journal of Business Management and Accounting, 2(2), 81–100. Müller, V.-O. (2014). The Impact of IFRS Adoption on the Quality of Consolidated Financial Reporting. Procedia - Social and Behavioral Sciences, 109, 976–982. http://doi.org/10.1016/j.sbspro.2013.12.574 Nayeri, M. D., & Bidari, M. A. (2012). Factors Affecting the Value Relevance of Accounting Information, 2(2), 76–84. Nilsson, H. (2003). Eassay on value relevance of financial statement information Umea university ISSN 0346-8291 Okpala, K., E. (2012). ADOPTION OF IFRS AND FINANCIAL STATEMENTS EFFECTS: The Perceived Implications on FDI and Nigeria Economy Australian Journal of Business and Management Research Vol. (5) 76-83 Pathirawasam, C. (2013). The Value Relevance of Earnings and Book Value: The Importance of Ownership Concentration and Firm Size. Journal of Competitiveness, 5(2), 98–107. http://doi.org/10.7441/joc.2013.02.07 Pencheva, D. (2008). Master ’ s Thesis The value relevance of CFO under IFRS in the banking industry , (0547182), 1–31. Peng, H. and Chen, M. (2014). A Comparison of the Value Relevance of IFRS with Taiwanese GAAP Accounting Information Ragab, A and omran, M. (2012). Accounting Information, Value Relevance, and Investors’ Behavior in the Egyptian Equity Market Aiman A. Ragab, 1–29. Sanusi, L. S. (2010). “The Nigerian Banking Industry: what went wrong and the way forward” Governor, Central Bank of Nigeria. CBN - Governor’s Speech, (August 2007), 1–23. Santoso, J. (2010) the value relevance of accounting information: Evidence from Indonesian listed companies Binus international Binus university (thesis) Sekaran, U. and Bougie, R. (2013). Research methods for business. A skill building approach sixth edition Scott, W.R., 2009. Financial accounting theory. 5th Edition, Toronto: Toronto (SWR): Pearson Prentice Hall International Inc Shehzad, A. and Ismail, A (2014) value relevance of accounting information and its impact on stock prices: a case study of Karachi stock exchange Journal of economic information. Vol 3(1) Pg. 40-48 Svensson, E., & Larsson, A. (2009). Value Relevance of Accounting Information – A Swedish Perspective. Analysis. Titilayo, D. (2011). Value- Relevance of Accounting Information in the Nigerian Stock Market, 1(2), 220. Trabelsi, N. S., & Trabelsi, M. (2014). The Value Relevance of IFRS in the UAE Banking Industry : Empirical Evidence from Dubai Financial Market , 2008-2013, 4(4), 60–71. http://doi.org/10.6007/IJARAFMS/v4-i4/1241 Ustuner, G. (2010). The impact of mandatory IFRS adoption on value relevance: the case of Turkey master’s thesis Vijitha, P., & Nimalathasan, B. (2014). Value Relevance of Accounting Information and Share Price : A Study of Listed Manufacturing Companies in Sri Lanka. Merit Research Journal of Business and Management, 2(1), 1–6. World Bank, (2011).Reports on the Observance of Standards and Codes (ROSC). http://www.worldbank.org/ifa/rosc |