International Financial Reporting Standards Adoption and Liquidity Performance of Food and Beverages Listed Companies: Empirical Evidence from Nigeria

Abubakar Sambo Junaidu and Haruna Ahmadu

Growth, 2019, vol. 6, issue 1, 20-26

Abstract: Despite the relevance and adaptations of International Financial Reporting Standard (IFRS) in Nigeria, the literature indicates very few studies have attempted to investigate the effect of IFRS adoption to the firm’s performance, specifically, the relationship between IFRS adoption and liquidity performance of food and beverages listed companies in Nigeria. The literature suggests that there is not only limited information on the impact of IFRS adoption but also little research in this important area of study. Based on this information and research gab, the objective for the study is to investigate the effect of IFRS adoption on liquidity performance of food and beverages listed companies in Nigeria. By using Secondary data was collected from the annual reports of the sample companies. Multiple ordinary least square (OLS) regression was used to analyse the data collected from the audited financial statements of the sampled companies. I-T test and J-T test were also applied to test for any significant increase in firm performance after the adoption of IFRS. The analysed result showed that there is significant relationship between IFRS adoption and liquidity performance of food and beverages companies listed in the NSE. The implication of this study is that, the practice of the adoption of IFRS should be given more emphasis by organisations in Nigeria. The finding of the study indicates that, organisations that adopt IFRS would be able to improve their liquidity performance.

Keywords: IFRS; Foods and beverages; Liquidity performance; Nigeria. (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://asianonlinejournals.com/index.php/Growth/article/view/1079/1178 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aoj:growth:v:6:y:2019:i:1:p:20-26:id:1079

Access Statistics for this article

More articles in Growth from Asian Online Journal Publishing Group
Bibliographic data for series maintained by Sara Lim ().