THE VALUE RE LEVANCE OF ADOPTI NG IFRS : EVIDENCE FROM THE NIGERIAN BANKING SECTOR
THE VALUE RE LEVANCE OF ADOPTI NG IFRS : EVIDENCE FROM THE NIGERIAN BANKING SECTOR

Summary/Abstract: This paper examined the value relevance of IFRS adoption in the Nigerian banking sector. It the research question using a sample of 15 banks listed on the Nigeria Stock Exchange for the periods 2009 to 2014. The pre-IFRS adoption period is 2009-2011 while post-IFRS adoption is 2012-2014. The consolidated financial statement of the sampled banks and figures from Nigerian Stock Exchange were used as the sources of data. This study used the regression analysis method to investigate the value relevance of accounting information. Empirical findings show a significant increase in value relevance of accounting information using regression variation analysis. The paper recommends that a separate section should be created in the annual report of banks called value relevance section aside the mandatory detailed financial statement for all Nigerian banks.

• Details
• Contents