International financial reporting standards (IFRS) adoption and oil &amp; gas companies performance in Nigeria

Abdullahi, Aminu; Abubakar, Musa Yelwa; Ahmad, Sunusi Sa’ Ad

doi:10.14419/ijaes.v5i2.8209

Cited by 5 publications

(6 citation statements)

References 1 publication

(1 reference statement)

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“…The positive signs as expected but bit statistically significant. This is in tandem with [14] that found IFRS periods do not show significance compared to NGAAP periods, and [25] that found IFRS adoption has not improved the performance of oil and gas companies in Nigeria. Hence this study cannot reject the null hypothesis (H1) that there is no significant relationship between pre and post-IFRS.…”

Section: Discussion Of Resultssupporting

confidence: 84%

“…To [25] researched the impact of IFRS adoption on the operation of oil and gas marketing firms in Nigeria. The study used financial reports of a sample of eight (8) oil and gas firms working in the country.…”

Section: Empirical Literaturementioning

confidence: 99%

“…The banks are Zenith bank Plc, First bank of Nigeria Plc, Union Bank Plc, United Bank for Africa Plc and Access bank Plc. The choice of 7 years, (2009 to 2011), before mandatory IFRS adoption and 2012 to 2015, after adoption, was justified by choice of similar or less period by ( [25,1,20]). The use of panel data regression methodology in this study is based on three fundamental justifications (1) The data collected had time and cross-sectional attributes and this will enable us to study the variables over time (time series) as well as across the sampled quoted companies (cross-section).…”

Section: Data and Measurementmentioning

confidence: 99%

“…To test the relevance of the hypotheses regarding the effect of IFRS adoption on the financial performance of quoted Nigerian firms the following model (performance and value regression) have adopted in in line with ( [25]; [1,20]). The equation that account for individual explanatory variables which are specified for this particular study is given in the theoretical model below.…”

Section: Model Specificationmentioning

confidence: 99%

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Effects of IFRS Adoption on the Financial Performance and Value of Listed Banks in Nigeria

Nwaogwugwu¹

2020

JFA

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This study examined the effect of IFRS adoption on the financial performance and value of the listed banks in Nigeria. Using a sample of 5 banks,(8 years observation) that have adopted the international financial reporting standard (IFRS) from 2012 to 2015 and pre-IFRS period from 2008 to 2011, we can investigate performance and value of the listed banks. As the main objective of the study, we introduced panel data analysis on Return on Asset, Return on Equity and earnings per share (EPS) and IFRS dummy variable as the independent variables into the model. The paper uses the Fixed Effect Model as the appropriate estimator for analysis of the data. The estimated coefficient on the regime period (RR) term is statistically insignificant and positive in the models. The results suggest that the adoption of IFRS in Nigeria has not lead to higher performance and increased value. Overall, results suggest that the findings of this study are utmost important financial analyst, policy-makers and concerned stakeholder to ensuring that all firms adopt IFRS and create easy access for comparability. This will enable relevant and reliable financial information to be passed to the capital market for investors to take an informed and relevant decision

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Section: Discussion Of Resultssupporting

confidence: 84%

Section: Empirical Literaturementioning

confidence: 99%

Section: Data and Measurementmentioning

confidence: 99%

Section: Model Specificationmentioning

confidence: 99%

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Effects of IFRS Adoption on the Financial Performance and Value of Listed Banks in Nigeria

Nwaogwugwu¹

2020

JFA

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“…However, the short analysis selection period and only the sensitivity analysis of ROA based on the accounting of executive compensation are limitations of this study. Abdullahi, et al [17] examine the effect of the adoption of IFRS standards on the performance (ROA and ROE) of oil and gas marketing firms in Nigeria. This study has found that IFRS application has a significant positive relationship with the ROA and ROE ratios of oil and gas enterprises in Nigeria.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Impact of IFRS Application on Firm Performance Through Disclosure Quality

Nguyen Minh,

Nguyen Van,

Tran Thi Thanh

2023

Advances in Economics, Business and Management Research

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The paper examines the change of firm performance of listed companies by considering the influence of IFRS application. Furthermore, the mediating effect of disclosure quality is also considered in this study with Southeast Asian countries context. The application of IFRS has had a huge impact on the quality of financial reporting and thus increasing company performance. However, there has been a lack of studies integrating these factors into the same research model. The five-year dataset of companies listed on stock exchange of Southeast Asian countries during the period from 2017 to 2021 is used to investigate hypotheses. Additionally, we use the feasible general least squares estimation method to test the robustness of GMM estimation method results. The results exposed that there is positive and substantial influence of IFRS application on firm performance, which suitable for agency theory and economic theory of networks. Moreover, disclosure quality mediates the nexus between IFRS application and firm performance in Southeast Asian countries. According to the study's outcomes, the higher the disclosure quality, the less information is omitted. That is, the information presented in the financial statements is disclosed more fully and carries more relevant value. This contributes to a higher financial firm performance. Therefore, companies need to improve the disclosure quality of financial statements by improving the level of omission of material items, especially by speeding up the application of IFRS in countries.

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International financial reporting standards (IFRS) disclosure and performance of Nigeria listed companies

Ofoegbu

Odoemelam

2018

Cogent Business & Management

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International financial reporting standards (IFRS) adoption and oil & gas companies performance in Nigeria

Cited by 5 publications

References 1 publication

Effects of IFRS Adoption on the Financial Performance and Value of Listed Banks in Nigeria

Effects of IFRS Adoption on the Financial Performance and Value of Listed Banks in Nigeria

Impact of IFRS Application on Firm Performance Through Disclosure Quality

International financial reporting standards (IFRS) disclosure and performance of Nigeria listed companies

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