Effect of international financial reporting standard (IFRS) adoption on earnings value relevance of quoted Nigerian firms

Odoemelam, Ndubuisi; Okafor, Regina G.; Ofoegbu, N. Grace

doi:10.1080/23311975.2019.1643520

Cited by 35 publications

(43 citation statements)

References 64 publications

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“…LEV has a negative and significant impact showing that higher the leverage higher the chances of the spillover effect of the stock price crash. Moreover, ROA has a positive and significant impact revealing that a more profitable firm is, lesser is the chance of the crash risk [21,48,49]. Overall, the statistical results in Table 3 reinforce H2.…”

Section: Resultssupporting

confidence: 56%

Is there any association between real earnings management and crash risk of stock price during uncertainty? An evidence from family-owned firms in an emerging economy

2020

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This research work intends to analyze the association between real earnings manipulation and stock price crash. Further, we also analyze the spillover outcome of the crash as a result of applying real earnings management. It is hypothesized that there is a positive and statistically significant association between real activities manipulation and crash risk. It is also assumed that this spillover outcome is more noticeable during uncertainty. By applying data of family firms for the time period 2005–2018, empirical results provide the proof that real manipulation has a significant impact on stock crash for a developing economy like Pakistan among family-based companies. This research work also gives a statistical insight that spillover outcome is more notable for firms facing uncertainty. Our statistical estimations are in support of the assumed hypotheses of the study. This study has very significant and practical implications for academic researchers, standard setters, and investors.

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Section: Resultssupporting

confidence: 56%

Is there any association between real earnings management and crash risk of stock price during uncertainty? An evidence from family-owned firms in an emerging economy

2020

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“…Moreover, the finding of the study showed a statistically insignificant and negative effect between the cross product of book value and IFRS adoption (Odoemelam et al 2019). Chandrapala Pathira Wasam (2011) measured the relationship between the volume of trading and returns of stocks on the Colombo Stock Exchange and showed a positive relationship between returns of stocks and contemporary changes in the volume of trading.…”

Section: Discussionmentioning

confidence: 91%

Relationship between the application of IFRS and the accounting information quality in Jordan

Alawaqleh

2020

Investment Management and Financial Innovations

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The study aimed to find out the relationship between the application of international financial reporting standards (IFRS) and the accounting information quality (AIQ) in Jordan. The research data was collected from 59 industrial companies listed on the Amman Stock Exchange (ASE) between 2010 and 2018. Panel data was used to measure an independent variable (the application of IFRS), and a questionnaire (a 5-point Likert scale) was applied to measure a dependent variable (AIQ). Multiple regression was used to test hypotheses. The study concluded that the application of IFRS in terms of earnings management and trading volume had a positive relationship with AIQ. Finally, the study recommended validating the transparency of financial reporting to improve the efficiency of the Jordanian financial market.

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“…Company age (AGE) is the age of the company. It is measured as a dummy variable equal to 1 if the company's financial leverage equal to or greater than 20% and 0 otherwise (Odoemelam et al, 2019). Financial leverage (FLeve) is the leverage ratio.…”

Section: Parts Of Disclosures Index (Di)mentioning

confidence: 99%

“…Financial leverage (FLeve) is the leverage ratio. Similar studies have used financial leverage as a determinant of CSR activities (Odoemelam et al, 2019;Salehi et al, 2019). This is calculated as total liabilities divided by total assets at the end of the accounting year (Ioannou & Serafeim, 2012;Wang, 2017).…”

Section: Parts Of Disclosures Index (Di)mentioning

confidence: 99%

Moderating Role of Negative Earnings on Firm Size and Corporate Social Responsibility Relationship: Evidence from Listed Firms on Nigeria Stock Exchange

Odoemelam

Ofoegbu

Ojukwu

2020

IJSAM

Self Cite

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The fight against coronavirus disease (COVID-19) has called for corporate social responsibility (CSR). Thus, Nigerian businesses, such as in the petroleum and financial industries, have provided hospital donations and $30 million assistance among others to mitigate COVID-19. We investigated the moderating role of negative earnings in firm size–CSR relationship. We used content and logistic panel regression analyses on a sample of 100 firms listed on Nigerian Stock Exchange (NSE). First, we confirmed a positive firm size–CSR relationship (stakeholders’ expectation hypothesis). Second, we found that earnings loss negatively affects stakeholders’ expectation hypothesis. The study suggests that big firms are likely to negatively respond to the clarion call for donations for COVID-19 due to negative earnings. However, our robustness test revealed that old firms positively respond to CSR activities despite earnings loss. Our study results contribute important insights into the current debate concerning the effect of earnings loss on CSR activities. Corporate managers are encouraged to participate in social activities by contributing their resources for human race sustainability and community development, hence enabling stakeholders to highly value their work, money, support, and societal acceptance.

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Effect of international financial reporting standard (IFRS) adoption on earnings value relevance of quoted Nigerian firms

Cited by 35 publications

References 64 publications

Is there any association between real earnings management and crash risk of stock price during uncertainty? An evidence from family-owned firms in an emerging economy

Is there any association between real earnings management and crash risk of stock price during uncertainty? An evidence from family-owned firms in an emerging economy

Relationship between the application of IFRS and the accounting information quality in Jordan

Moderating Role of Negative Earnings on Firm Size and Corporate Social Responsibility Relationship: Evidence from Listed Firms on Nigeria Stock Exchange

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