IFRSS ADOPTION AND ITS INFLUENCE ON FINANCIAL PERFOR-MANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA
Journal Title: Journal of Accounting Research, Organization and Economics - Year 2019, Vol 2, Issue 1
Abstract
Abstract Objective – This study examined the effect of IFRS adoption on financial performance of Listed Consumer Goods Companies in Nigeria. Design/methodology – The study selected 10 out of all the 28 Listed Consumer Goods Companies in Nigeria. Ex post facto research design was adopted and regression analysis through the aid of Eviews 9 was employed in analyzing the effect of IFRS adoption on performance of the selected listed companies. Results – The findings revealed that IFRS adoption has significant positive effect on return on total asset, IFRS adoption has negative insignificant effect on interest coverage ratio, significant positive effect on basic earnings power ratio and that IFRS adoption has negative insignificant effect on leverage. Based on the findings, the study concluded that IFRS adoption has joint significant effect on Return on asset, on Basic earnings power and on Interest coverage while the reverse was the case for financial leverage. Research limitations/implications – This study is limited in the context of consumer goods companies only. Future studies can extend the result of this study by investigating other industry in identifying the implication of IFRS adoption in their businesses.
Authors and Affiliations
Shittu Aliu Balogun, Sanyaolu Wasiu Abiodun, Job-Olatunji Kehinde Asamu
Keywords
Related Articles
- EP ID EP597983
- DOI 10.24815/jaroe.v2i1.13766
- Views 48
- Downloads 0
Factors Influencing Financial Distress and Its Impact onCompany Values of the Sub-Sectors Firms in Indonesian
Objective – The purpose of this study is to determine the influence of corporate governance, profitability, and firm size on financial distress and its impact to the company value of the sub-sectors companies in infrastr...
An Explorative Survey in the Implementation of Good SMES Governance on Small Business Entity
Objective – This study aims to explain and predict about the implementation of good governance on small business entities as a key performance indicator. Implementation of good governance is needed and becomes important...
The Application of PSAK 24 on Employee Benefits in Banking Institutions Listed in Indonesia Stock Exchange
Objective – This study aims to examine the implementation and differentiation of PSAK 24 regarding employee benefits (Revision 2010) with PSAK 24 (Revision 2013) in the banking institutions listed on the Indonesia Stock...
IFRSS ADOPTION AND ITS INFLUENCE ON FINANCIAL PERFOR-MANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA
Abstract Objective – This study examined the effect of IFRS adoption on financial performance of Listed Consumer Goods Companies in Nigeria. Design/methodology – The study selected 10 out of all the 28 Listed Consumer...
Value at Risk of Sukuk Ijarah and Mudharabah in Indonesia
Objective – Sukuk is one of financial instrument that is compliant with Islamic Sharia law. Sukuk is popularly being used as a funding mechanism by the governments and corporations throughout the Muslim world and other c...