Nigerian Banks and Global Ranking: The IFRS Compliance Impact

Nwoye, Ugochukwu J.; Abiahu, Mary-Fidelis Chidoziem; Obiorah, Justina; Ekesiobi, Chukwunonso

doi:10.2139/ssrn.2982328

Cited by 1 publication

(2 citation statements)

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“…Ayodele and Afolabi [3] also supported the results of this study; their research investigated the relationship between corporate financial disclosure and Nigerian banks' performance and stability and concluded that corporate financial disclosure has a significant influence on the banks' stability and performance in the Nigerian financial sector. Adebisi, Otuagoma, and Abah [80], Adetoso [85], Ilu and Yunusa [77], and Nwoye, Chidoziem, Obiorah, and Ekesiobi [79] are other studies in line with the findings of this study; they concluded that there is an increase in the IFRS disclosure compliance and this has a positive relationship with the quality of financial reporting.…”

Section: E Discussion Of Findings On Ifrs Disclosures and Protection Of Shareholders' Interestssupporting

confidence: 86%

“…The study, therefore, concludes that IFRS have impacted on accountability and quality of information from the financial statement of Nigerian organization. Nwoye, Chidoziem, Obiorah, and Ekesiobi [79] empirically assessed the impact of the quality of IFRS compliance on the acceptability of financial reporting of Nigerian banks. The outcome of the analysis showed that the level of compliance of Nigerian banks to IFRS disclosure guidelines has indeed improved the acceptability of her financial reporting practices globally.…”

Section: Empirical Review: Ifrs Disclosure Requirements and Protection Of Shareholders' Interestsmentioning

confidence: 99%

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IFRS Disclosures and Protection of Shareholders’ Interests in Nigerian Quoted Firms

Abe

Ajayi-Owoeye

Adegbie

2020

EJBMR

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The protection of shareholders’ interests has attracted global attention following the corporate developments around the world necessitating disclosure and financial reporting regulations. A sample of 55 firms quoted on NSE was selected for the period of 2014-2018. The study adopted descriptive and inferential statistics. The regression results also show that IFRS disclosures have significant effect on the protection of shareholders’ interests in the selected listed firms in Nigeria at a 5 percent level of significance. The study concluded that there is inverse relationship between the protection of shareholder interests and IFRS disclosures; however, the IFRS disclosures have significant effects on the protection of shareholders in the Nigerian quoted firms. The study recommends that the Financial Reporting Council of Nigeria should change its stance on IFRS from adoption to adaptation in order to allow for local accounting standards that reflect the Nigerian environments.

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Section: E Discussion Of Findings On Ifrs Disclosures and Protection Of Shareholders' Interestssupporting

confidence: 86%

Section: Empirical Review: Ifrs Disclosure Requirements and Protection Of Shareholders' Interestsmentioning

confidence: 99%

IFRS Disclosures and Protection of Shareholders’ Interests in Nigerian Quoted Firms

Abe

Ajayi-Owoeye

Adegbie

2020

EJBMR

View full text Add to dashboard Cite

show abstract

Nigerian Banks and Global Ranking: The IFRS Compliance Impact

Cited by 1 publication

References 0 publications

IFRS Disclosures and Protection of Shareholders’ Interests in Nigerian Quoted Firms

IFRS Disclosures and Protection of Shareholders’ Interests in Nigerian Quoted Firms

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