期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2017
卷号：6
期号：4
页码：95-103
DOI：10.5923/j.ijfa.20170604.01
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：This research examines value relevance of accounting data in the pre and post IFRS period in Nigeria. The study focuses on four year period (2008-2011) before IFRS and four year period (2012-2015) after IFRS adoption. We sampled 52 public entities from consumer goods and financial services sector in Nigeria. We measured value relevance using price regression model and returns regression model of accounting data. Our findings of price regression show an increase in adjusted R2 between the two periods from 32% to 59% which accounts for 84% growth in adjusted R2 while the return regression model shows an increase in adjusted R2 between the two periods from 14% to 22% which accounts for 57% growth in adjusted R2. This finding suggests the value relevance of accounting data is more pronounced in the post-IFRS period for the sampled firms used in this study. Our findings also reveal that IFRS implementation in Nigeria has enhanced the value relevance of accounting data such as earnings, cash flow, book value and net income. We recommend that more measures should be taken by regulatory authorities (Financial Reporting Council of Nigeria, Central Bank of Nigeria) to ensure that all public entities comply strictly with IFRS. This will enable relevant and reliable financial information to be passed to the capital market for investors to take an informed and relevant decision.
关键词：Accounting Data; IFRS; Nigerian Stock Exchange; Value Relevance
