Fair Value Accounting and Investment Decisions in Nigerian Listed Companies

Okere, Wisdom; Grace, Offiaeli Amarachukwu; Rufai, Oluwatobi; Adeshola, Adebayo Mobolaji

doi:10.9734/jemt/2022/v28i630419

Cited by 2 publications

(3 citation statements)

References 6 publications

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“…Such information is indispensable for investors and participants when making informed decisions (Damoah, 2022). By ensuring access to essential information, IFRS 17 guarantees that investors and participants have the tools necessary for sound decision-making (Wisdom et al, 2022). In addition to promoting transparency, IFRS 17 enhances the accuracy of financial reporting (Yoo and Kim, 2023).…”

Section: Ifrs 17 and Enabling Investors And Participants To Take Deci...mentioning

confidence: 99%

Unveiling the Influence of IFRS 17 Insurance Contracts on the Quality of Financial Reports: Insights from Finance Professionals

Hemant Kumar, Dr. Ranjul Rastogi

2023

tjjpt

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Purpose: Investigating the perspectives of finance professionals on the influence of Implementing IFRS 17 Insurance Contracts on the quality of financial report. Design and Methodology: This study utilized a self-administered questionnaire to collect data from finance professionals employed in insurance companies. The survey samples were drawn from the target population using a combination of conventional and snowball sampling techniques. The study and survey were conducted in India. A total of 532 questionnaires were distributed, resulting in 237 received responses. Out of these, 231 responses were considered complete and used for further data analysis. Findings/Results: The study's findings indicate that the application of IFRS 17 will result in a substantial impact on the relevance, faithful representation, comparability, understandability, verifiability, and timeliness of financial reports. Furthermore, it was found that implementing IFRS 17 enables investors and decision-makers to make informed decisions. Suggestions: This study carries implications for insurance companies and policymakers, particularly regarding the significance of IFRS 17 as a major accounting change in the insurance industry in recent decades. It underscores the importance for insurance companies and policymakers to gain a comprehensive understanding of the business and technical aspects associated with IFRS 17. By aligning their finance transformation programs with IFRS 17 compliance, insurance companies can efficiently and strategically achieve compliance while maximizing the benefits of the new standard. Originality/Value: This study contributes to the existing literature on IFRS 17 by developing a unique conceptual framework. Building upon the variables utilized in the study by Dahiyat and Owais (2021), the present study introduces a new independent variable, enabling investors and participants to make decisions. Consequently, this study brings significant novelty by incorporating seven dependent variables. The findings presented in this paper contribute to the understanding of IFRS 17 and its implications. Furthermore, this study holds particular significance as it is the first empirical investigation conducted in the global context, providing valuable insights into the implementation of IFRS 17. Limitations/Implications: Due to the novelty of the topic and limited research in this area, there is a scarcity of comparative studies available. Moreover, the availability of experienced financial professionals well-versed in the impact of IFRS 17 is limited, as they are still in the process of learning and adapting to the new standard.

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Section: Ifrs 17 and Enabling Investors And Participants To Take Deci...mentioning

confidence: 99%

Unveiling the Influence of IFRS 17 Insurance Contracts on the Quality of Financial Reports: Insights from Finance Professionals

Hemant Kumar, Dr. Ranjul Rastogi

2023

tjjpt

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“…Intellectual capital is associated with intangible resources that encompass everything in the company, including the processes used to manage and process these processes. Wisdom et al, (2017) explain that the company's resources can create added value for the company by seizing opportunities and confronting threats, allowing the company to have a competitive advantage over other companies in order to dominate the market and, as a result, increase the company's value. According to Wisdom et al, (2017), intellectual capital has a positive effect on firm value if the company is able to manage intellectual capital well, and the greater the value of intellectual capital (VAIC), the greater the value of a company.…”

Section: Introductionmentioning

confidence: 99%

“…H2: Corporate social responsibility has an impact on the company's firm value at LQ45.According to Suastini et al (2016), managerial ownership is frequently associated with an effort to increase the value of the company because managers, in addition to being managers and company owners, will feel directly the consequences of the decisions they make, so managers will not take actions that only benefit the manager.Managerial ownership relationships can help to moderate the relationship between intellectual capital and firm value, which is based on stewardship theory. According toWisdom et al (2017), stewardship theory explains that increasing managerial ownership will help to make more efficient use of company assets. According toNoradiva et al (2016), high levels of managerial ownership have been shown to improve the performance of intellectual capital (IC).…”

mentioning

confidence: 99%

The Effect of Intellectual Capital and Corporate Social Responsibility on Firm Value: Managerial Ownership as Moderating Variable

Saminem,

Eka Widiati

2022

JURIMEA

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Company value plays a critical role in the company's performance because an increase in company value indicates an increase in company performance. The purpose of this research is to determine the impact of intellectual capital and corporate social responsibility on firm value, with managerial ownership serving as a moderating variable. In this study, firm value was calculated using the Tobin's Q method and secondary data obtained from the IDX website. The research sample included 30 LQ45 companies listed on the Indonesia Stock Exchange from 2016 to 2020, chosen using a purposive sampling method. Multiple linear regression and moderated regression analysis were used to analyze the data, which was processed using SPSS 26 software. According to the findings of this study, intellectual capital has an impact on firm value. Meanwhile, corporate social responsibility has no effect on the company's value. Furthermore, the findings of this study show that managerial ownership can moderate the relationship between intellectual capital and firm value but cannot moderate the relationship between corporate social responsibility and company value. Based on the findings of this study, company executives should be able to maximize the value of VAIC in order to create the greatest value space between the three components of intellectual capital, namely human capital, structural capital, and capital employed. Keywords: Firm Value, Intellectual Capital, Corporate Social Responsibility, Managerial Ownership

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Fair Value Accounting and Investment Decisions in Nigerian Listed Companies

Cited by 2 publications

References 6 publications

Unveiling the Influence of IFRS 17 Insurance Contracts on the Quality of Financial Reports: Insights from Finance Professionals

Unveiling the Influence of IFRS 17 Insurance Contracts on the Quality of Financial Reports: Insights from Finance Professionals

The Effect of Intellectual Capital and Corporate Social Responsibility on Firm Value: Managerial Ownership as Moderating Variable

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