This paper examines how firm-specific attributes affect the value relevance of summary accounting numbers in Nigeria. The paper also investigates whether the adoption of International Financial Reporting Standards (IFRS) affects the relationship between the summary accounting numbers (book value of equity and earnings) and firm-specific characteristics (firm size, liquidity and leverage). Data from 54 firms in 10 sectors of the Nigerian Stock Exchange (covering a period of 6 years, 2009 to 2014, divided into 3 years pre-IFRS period and 3 years IFRS period) were analyzed based on the Ohlson (1995) model. Results from the analyses indicate that firm-specific characteristics affect the relationship between summary accounting numbers and market value, and this effect increased in the period after IFRS adoption. The implication of these findings is that firms seeking to improve their market values must work towards the firm-specific attributes that enhance firm value. By examining the effect of firm-specific attributes on the value relevance of accounting information using data from the Nigerian Stock Exchange, before and after IFRS adoption, this study fills a research gap.

Aims:The paper empirically investigated the effect of mandatory adoption of International Financial Reporting Standards on earnings predictability of deposit money banks and insurance firms. Study Design: It adopted ex post facto research design. Place and Duration of Study:The study was conducted in Nigeria and covered the period 2008 to 2014. Methodology: The study used 196 firm-year observations obtained from annual reports of the deposit money banks and insurance firms quoted on the Nigerian Stock Exchange. It formulated two hypotheses and tested the hypotheses using random effect model of Generalized Least Square Method. Results: The regression results revealed that the mandatory adoption of IFRS did not improve earnings predictability of firms in the services sector, based on earnings and cash flows. The results Ebirien et al.; JEMT, 24(1): 1-12, 2019; Article no.JEMT.49287 2 also showed that the earnings predictability in the post mandatory IFRS adoption period was not significantly different between DMBs and insurance firms. Conclusions: Nigeria has relatively short IFRS experience and preparers are still contending with several evolving issues. The paper recommends sustained training for both the preparers, users and regulators so as to improve financial reporting and consequently enhance earnings predictability. Original Research Article

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This study investigated the relationship between corporate taxation and the welfare of stakeholders such as employees, investors and host communities. Specifically, the study investigated the relationship between corporate tax and employees' wages, dividend, and corporate social responsibility. Descriptive research design was adopted, and data on selected manufacturing companies were obtained from the published annual financial statements of the companies. Data analysis was conducted using Ordinary Least Square, with the aid of E-views software. The findings revealed that there was a significant relationship between corporate tax and employee wages, and also between corporate tax and dividend payment. Further, there was a significant, positive relationship between corporate tax and the corporate social responsibility engagements of the selected companies. The implication of these consistent findings is that tax payment motivates greater hard work, which translates into better amount of wages, more dividends, and more investment in corporate social responsibility.

Companies strive to be profitable to maximize shareholder's wealth. They can only do that by mastering their current trend in the business environment and having competitive strategies that will give them an edge over other companies. This study examined the relationship between competitor accounting and profitability of listed financial institutions in Nigeria. Specifically, the study investigated the relationship between competitor cost assessment, competitive position monitoring, competitor's financial statement performance appraisal, and net profit margin of listed financial institutions in Nigeria. The ex-post facto research design was used. The study population was fifty-three (53) out of which a sample size of forty (40) was obtained using judgmental sampling technique. Multiple regression was used to test the postulated null hypotheses with the aid of Stata12. The study revealed a positive and significant relationship between competitor cost assessment and net profit margin, a negative and significant relationship between competitive position monitoring and net profit margin, and a positive and insignificant relationship between competitor financial statement performance appraisal and net profit margin. The implication of these findings is that managers of listed financial institutions in Nigeria should continuously analyse the financial statement of competitors to gain competitive advantage and be profitable.