Background of the Study
International Financial Reporting Standards (IFRS) were adopted in Nigeria to improve transparency and comparability in financial reporting. For Nigerian commercial banks, adherence to IFRS has the potential to enhance investor confidence, improve access to global capital markets, and strengthen financial performance. This study investigates the relationship between IFRS compliance and the financial performance of Nigerian commercial banks, focusing on metrics such as profitability, efficiency, and market valuation.
Statement of the Problem
Despite the adoption of IFRS in Nigeria, questions remain about the extent to which compliance with these standards has translated into tangible improvements in the financial performance of commercial banks. Variations in compliance levels and challenges in implementation may limit the benefits of IFRS adoption. This study seeks to assess whether IFRS compliance positively impacts the financial performance of Nigerian commercial banks and to identify key factors influencing this relationship.
Aim and Objectives of the Study
The aim of this study is to analyze the impact of IFRS compliance on the financial performance of Nigerian commercial banks.
Specific objectives include:
Research Questions
Research Hypotheses
Significance of the Study
This study contributes to understanding how IFRS compliance influences the financial performance of commercial banks in Nigeria, offering insights for policymakers, bank executives, and regulators. The findings will help stakeholders maximize the benefits of IFRS adoption while addressing challenges that may hinder full compliance.
Scope and Limitation of the Study
The study will focus on a sample of Nigerian commercial banks, examining their financial performance before and after IFRS adoption. Limitations may include data availability and potential challenges in measuring compliance levels accurately.
Definition of Terms
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