ADOPTION OF IFRS AND FINANCIAL STATEMENTS EFFECTS: The Perceived Implications on FDI and Nigeria Economy

Kenneth Enoch Okpala

74 citations0/0 files storedAustralian Journal of Business and Management Research

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Auditing, Earnings Management, Governance Accounting Theory and Financial Reporting Financial Reporting and XBRL

Abstract

The IFRS adoption is already an issue of global relevance among various countries of the world due to the quest for uniformity, reliability and comparability of financial statements of companies. This research paper investigated the effect of IFRS adoption on Foreign Direct Investment and Nigeria economy. The population consists of quoted companies in Nigeria Stock Exchange (Preparers) and Investment Analysts (Users). Stratified Random sampling method was adopted and primary data used to elicit responses with 123 structured questionnaires administered. Findings showed that IFRS has been adopted in Nigeria but only fraction of companies has implemented with deadline for the others to comply. It is perceived that IFRS implementation will promote FDI inflows and economic growth. It was recommended that all stakeholders should endeavour to have full implementation to reap benefits of the global GAAP and principle - based standards.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 74 citations exist upstream.

References

2001Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature 1998How does foreign direct investment affect economic growth?1999The quality of government 1999Foreign direct investment-led growth: evidence from time series and panel data 2003Do Investors Respond to Analysts' Forecast Revisions as if Forecast Accuracy Is All That Matters?2006How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages 1998The market for information—evidence from finance directors, analysts and fund managers 2006Market Reaction to Events Surrounding the Adoption of IFRS in Europe

Cited by

2020IFRS, FDI, economic growth and human development: The experience of Anglophone and Francophone African countries 2020The effect of IFRS adoption on financial reporting quality: evidence from listed manufacturing firms in Ghana 2020Implementing IFRS in Saudi Arabia: evidence from publicly traded companies 2014Challenges of International Financial Reporting Standards (IFRS) Adoption in Libya

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.