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

Ofoegbu, N. Grace; Odoemelam, Ndubuisi

doi:10.1080/23311975.2018.1542967

Cited by 23 publications

(29 citation statements)

References 41 publications

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“…Latridis and Dalla (2011) found a positive correlation between leverage and the implementation of IFRS. On the other hand, Uyar et al (2016); Ofoegbu and Odoemelam (2018); Adenugba, Ige, and Kesinro (2016) and Aggreh, Malgwi, Aggreh, and Enyi-Igbokwe (2018) found no association between leverage and compliance with IFRS. Adenugba et al (2016) highlighted that leverage is a better source of income than equity when it comes to financing long-term projects.…”

Section: Leveragementioning

confidence: 98%

“…According to Ofoegbu and Odoemelam (2018), high disclosures by the management of firms reduce information asymmetry as well as agency costs. The authors stated that agency cost describes the correlation between leverage and disclosure.…”

Section: Leveragementioning

confidence: 99%

“…Several researchers have identified corporate size as positively associated with the degree of compliance with IFRS (Al Mutawaa & Hewaidy, 2010;Atanasovski, 2015;Latridis & Dalla, 2011;Ofoegbu & Odoemelam, 2018).…”

Section: Company Sizementioning

confidence: 99%

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Factors Influencing the Extent of Corporate Compliance with International Financial Reporting Standards in South Africa

Putsai

Mkhize

2021

5002

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The main objective of this study is to investigate the effects of company attributes on compliance with International Financial Reporting Standards (IFRS). The study used a sample of 46 listed companies on the Johannesburg Stock Exchange (JSE) covering the period from 1993 to 2017. With an average compliance level of 88.21304, it is concluded that South Africa’s listed firms have significantly complied with IFRS 1. Using panel data to analyze the effects of company attributes, size and leverage have a significant positive effect on IFRS 1 compliance. On the other hand, the coefficients of Earnings Per Share (EPS) and Return on Total Assets (ROTA) are negative and significant. This similarly implies that ROTA and EPS are important factors driving the compliance level of the companies in South Africa with the IFRS 1 disclosure. EPS and ROTA also exhibit an inverse relationship with the compliance level. Carrying out a longitudinal study helps to produce more recent evidence on the quality of IFRS financial reports in South Africa. The outcome of the study is beneficial to international literature as it provides enough evidence on the benefits of adopting IFRS adoption.

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Section: Leveragementioning

confidence: 98%

Section: Leveragementioning

confidence: 99%

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Factors Influencing the Extent of Corporate Compliance with International Financial Reporting Standards in South Africa

Putsai

Mkhize

2021

5002

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“…The Statement of Accounting Standards (SAS) arranged by the Nigerian Accounting Standards Board (NASB) was the Local Accounting Standards on which the structure of financial articulations was based in Nigeria, as indicated by Ofoegbu and Odoemelam (2018). The GAAP section complies with IAS (Ofoegbu and Odoemelam 2018). However, the number of neighbourhood standards did not precisely correspond to the quantity of IAS without corresponding to the need for IFRS.…”

Section: Ifrs Adoption In the Us And Nigeriamentioning

confidence: 99%

Financial Reporting Standard of Nigeria and United State of America: the Implication for Adoption and Practice of International Financial Reporting Standard

Fatoke¹,

Ogundeyi²,

Ojo³

et al. 2020

IJRP

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To actualise accounting strategies regarding the way wherein the everyday money related exercises of a business substance are assembled, recorded and announced has encountered extensive advancement on the planet everywhere. In the meantime, the exercises of worldwide ventures and speculator conduct remain the point of convergence in the discussion on the requirement for a worldwide arrangement of accounting standards. This paper recognized the contrasts between Nigerian GAAP and US GAAP comparative with IFRS using a subjective methodology involving the investigation and examination of a wide scope of talks, the assessment of a writing survey from distributions, understudies papers, web sources, administrative-accounting bodies, and gathering procedures. It was revealed that the distinctions concerning the introduction of the money related instruments gave by an auxiliary in the parent's united fiscal reports could drive generously various outcomes. Along these lines, the study recommends that administrative bodies should uphold IFRS standards profoundly, looking for the neighbourhood content where important while giving convergence as opposed to adoption.

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“…However, it was as a result of inappreciable compliance level of the SAS by organizations in Nigeria and also by World Bank recommendation in 2011 that Nigeria had to drop its local SAS and adopt IFRS [7]. Ofoegbu and Odoemelam [8] pointed out that the adoption of IFRS in Nigeria was as a result of the poor level and lack of adequate disclosure of information which was observed prior to its adoption. However there still remain concern about the inadequate presentation and disclosure of information of corporate entities considering the expectations of the public from disclosure that accompanies the adoption of IFRS by most countries.…”

Section: Introductionmentioning

confidence: 99%

Financial Performance, a Driver for Information Voluntary Disclosure: Insight from Manufacturing Companies in Nigeria

Okeke¹,

Okere

Ofurum³

et al. 2021

AJEBA

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The prevailing issues surrounding voluntary disclosure is corporate failure, fraud perpetration, information asymmetry and inability to attract much investment. Companies with high financial performance tend to disclosure more information in their annual report by way of showcasing their superiority over less performing companies. In the light of the above, the study sought to ascertain the effect of financial performance on voluntary disclosure of quoted manufacturing companies in Nigeria as at 1st January, 2019. Expo facto research design was adopted and secondary data were extracted from the annual report of nineteen (19) manufacturing companies for a period of ten years (2008-2019). The analysis of the study was done using STATA software to run the descriptive and inferential statistics (multivariate regression analysis). The result depicted an insignificant effect between financial performance and market competition information voluntary disclosure (MCIVD), and also a significant effect between financial performance and human capital information voluntary disclosure (HCIVD). Return on asset showed a negative but significant effect, liquidity a negative but insignificant effect, and market capitalization a positive but insignificant effect on MCIVD. Whereas Return on asset showed a negative but significant effect, liquidity and market capitalization a positive but insignificant effect on HCIVD. The study recommends that management should boost their market capitalization to have more market competition information voluntary disclosure. Also, management should strive towards improving the LQ and MCAP of manufacturing companies in Nigeria. This in turn will help to meet up the need of employees in having more voluntary human capital information disclosure.

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

Cited by 23 publications

References 41 publications

Factors Influencing the Extent of Corporate Compliance with International Financial Reporting Standards in South Africa

Factors Influencing the Extent of Corporate Compliance with International Financial Reporting Standards in South Africa

Financial Reporting Standard of Nigeria and United State of America: the Implication for Adoption and Practice of International Financial Reporting Standard

Financial Performance, a Driver for Information Voluntary Disclosure: Insight from Manufacturing Companies in Nigeria

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