The Value Relevance of Accounting Information: Evidence from Nigeria

Omokhudu, Okuns Omokhoje; Ibadin, Peter Okoeguale

doi:10.5430/afr.v4n3p20

Cited by 40 publications

(58 citation statements)

References 20 publications

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“…Their results also showed empirically that fair value measures as preached by IFRS improve accounting information than the traditional historical cost which is like our present study's result. In the same vein, the results are like the findings of Omokhudu & Ibadin (2015) on ISSN 2162-3082 2018 book value and earnings which affirmed that there is more value relevance of accounting information after the adoption of IFRS in Nigeria. Therefore, Table 4 shows the relationship differences between pre-IFRS and post-IFRS adoption periods.…”

Section: Test Of Difference Between Pre-and Post-ifrs Adoption Periodsupporting

confidence: 72%

IFRS Adoption and Audit Delay: The Role of Shareholders in the Audit Committee

Mohammed¹,

Ahmad²,

Malek³

2018

ijafr

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This study examined the relationship between audit delay after IFRS adoption and the role of shareholders in the audit committee as well as testing the difference of pre-and post IFRS adoption periods. A sample of 101 firms with 505 firm-year observations over five year period for firms listed on the Nigeria Stock Exchange was employed for the study, utilizing data from the annual report and accounts of the sample firms. Generalized Methods of Moment (GMM) estimation was used to check the effects of unobserved heterogeneity in audit delay model, while the test of difference in R 2 value for pre-and post-adoption periods was determined using Cramer's Z-statistics. Findings indicate that audit report lag is faster with shareholders in the audit committee. The study proved that brand named auditors such ISSN 2162-3082 2018 http://ijafr.macrothink.org 326 as Big4 can significantly perform faster audit task than non-Big4 firms in IFRS regime. The importance of the study's findings demonstrates statistical inference on value relevance increase based on the unique IFRS adoption in Nigeria. Thus, regulators should consider increasing the tenure of shareholders in the audit committee to enable them to become more familiar with the corporate reporting under IFRS regime. International Journal of Accounting and Financial Reporting

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Section: Test Of Difference Between Pre-and Post-ifrs Adoption Periodsupporting

confidence: 72%

IFRS Adoption and Audit Delay: The Role of Shareholders in the Audit Committee

Mohammed¹,

Ahmad²,

Malek³

2018

ijafr

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“…For financial reports to be relevant, the information content must be relevant in investment decision-making. Thus, from an investor's perspective, only information that contributes to the investment decisions of an investor is important (Omokhudu & Ibadin, 2015).…”

Section: Introduction mentioning

confidence: 99%

Value relevance of financial statements and share price: a study of listed banks in Nigeria

Uwuigbe

Jafaru

Igbinoba

et al. 2016

Banks and Bank Systems

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This paper examined the effects of value relevance of financial statements on firms share price in Nigeria. In achieving the objectives of this research, the fact book from the Nigerian Stock Exchange Market and the audited financial statement of listed banks spanning the period 2010-2014 were used. Also, a total of 15 listed banks in the Nigerian stock exchange market were selected and analyzed for the study using the purposive sampling method. However, in analyzing the research hypotheses, the study adopted the use of both descriptive statistics and the use of Fixed Effects Panel data method of data analysis technique. Findings from the study showed that a significant positive relationship existed between earnings per share (EPS) and Last day share price (LDSP). The study recommends the need for banks in the country to improve on the quality of earnings reported, since it has a stronger ability to explaining share prices of firm.

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“…Gelişmekte olan ülkeler üzerine yapılan bir çalışmada Ibadin ve Omokhudu (2015Omokhudu ( ), 1994Omokhudu ( -2013 arasında Nijerya Borsası'nda işlem gören 47 firmayı Ohlson (1995) çalışmasında bulunan model ile incelemiş ve en küçük kareler yönteminin sonucunda şirket defter değerinin şirket değeri ile ilişkisinin istatistiksel olarak anlamlı olmadığı ve kar payı ile şirket değeri ilişkisinin istatiksel olarak anlamlı olduğu bulgusunu elde etmiştir.…”

Section: Li̇teratürunclassified