International Financial Reporting Standards Adoption and Earnings of Quoted Banks in Nigeria

O. A. Sanyaolu, F. O. Iyoha and Stephen A. Ojeka
Additional contact information
O. A. Sanyaolu: Department of Accounting, College of Business and Social Science, Covenant University, Nigeria,
F. O. Iyoha: Department of Accounting, College of Business and Social Science, Covenant University, Nigeria
Stephen A. Ojeka: Department of Accounting, College of Business and Social Science, Covenant University, Nigeria

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 1, 279-284

Abstract: The aim of this study is to examine the effect of adopted International Financial Reporting Standards (IFRS) adoption on the earning yield (EY) and earning per share (EPS) of quoted banks in Nigeria. The study made use of cross sectional data obtained for a period of 6 years from 2009 to 2014, while the panel ordinary least method of analysis was used to examine the impact of IFRS adoption on the earnings of all 15 quoted banks in the Nigerian Stock Exchange. The study found a significant and positive relationship between IFRS adoption and the EY of quoted banks in Nigeria. The study also found a significant and positive relationship between IFRS adoption and EPS of quoted banks in Nigeria. The study concludes that IFRS adoption has improved the decision making capability of the various stakeholders, thus, increasing investor confidence and the inflow of capital in the country through foreign direct investment. The study suggests that, in order to safeguard the suitable adoption of IFRS in Nigeria, competent Accountants and Auditors in IFRS are required in large number and that the Institute of Chartered Accountants of Nigeria must intensify it efforts in organising IFRS based training programmes for its members and other parties connected with corporate reporting.

Keywords: Corporate Reporting; Adoption; Performance; Local Generally Accepted Accounting Practice; International Financial Reporting Standards (search for similar items in EconPapers)
JEL-codes: G23 M4 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/3083/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/3083/pdf (text/html)

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:eco:journ1:2017-01-36

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().