ABSTRACT
The focus of the study was on examining IFRS Adoption and The Value Relevance of Accounting Information in Developing Countries in Sub-Saharan Africa: A Comparative Analysis of Nigeria, South Africa, Ghana and Botswana. The convenience sampling technique was used in the study to select listed firms across the countries. Secondary data sourced from corporate annual reports of the sampled quoted firms got from the Stock Exchanges of those Countries were used for the study. The study made use of panel data regression, and the results revealed that for Botswana, Earnings per share (EPS) and EPS*IFRS were both positive respectively and also statistically significant. Book Value per share (BVPS) and BVPS*IFRS are both positive respectively, but none was statistically significant. Dividend per share (DPS) and DPS*IFRS were both positive respectively and were also statistically significant. Intangible assets (INTA) and INTA*IFRS were both insignificant. Cash flow per share (CFPS) was positive, though not significant, but the interaction of CFPS*IFRS was negative and statistically significant. For South-Africa, EPS and EPS*IFRS were both positive respectively, and also statistically significant. BVPS and BVPS*IFRS were both positive respectively, and also statistically significant. DPS and DPS*IFRS were both positive respectively, and were also statistically significant. CFPS was positive and significant; and furthermore, the interaction of CFPS*IFRS was also positive and statistically significant. For Nigeria, EPS and EPS*IFRS are both positive respectively, with EPS statistically significant. BVPS and BVPS*IFRS are both positive respectively, with only BVPS statistically significant. Furthermore, DPS and DPS*IFRS are both positive respectively, and statistically significant. INTA and INTA*IFRS are both insignificant respectively. Finally, CFPS is positive, though not significant; but the interaction of CFPS*IFRS is positive and significant. For Ghana, the result showed that EPS and EPS*IFRS are both positive respectively, with EPS statistically significant. BVPS and BVPS*IFRS are both positive respectively, but none is statistically significant. Furthermore, DPS and DPS*IFRS are both positive respectively, and are also statistically significant. Just like in the case of Nigeria and Botswana, the results showed that INTA was not value relevant in the pre-IFRS period, and did not show evidence of incremental relevance resulting from IFRS adoption. Finally, CFPS and CFPS*IFRS are both not significant. The study concluded that, there is the need for capital markets in developing countries to become more efficient and for companies and accounting regulatory institutions to ensure timely and quality disclosures of accounting information. It recommended that stock exchanges in developing markets should put a frame-work in place that measure the rate of compliance of each listed firm’s annual report with IFRS demands to enable the sanctioning of firms that recorded below the expected compliance level. The study also recommended, amongst others, that financial reporting councils and accounting standards setting bodies globally should support the effort to ensure improved compliance with IFRS as a matter of policy.
Abstract
Institution of higher education face a higher level of information security incidence and compromise such as data and informatio...
ABSTRACT
Standard cost accounting is an overview of how standard cost could serve as an effective tool in the hands of...
ABSTRACT
The design of proposed Modern Bus Terminal at Obalende employs the use of thin-shell concrete structures in order to provide max...
ABSTRACT
This study investigated the effects of positive reinforcementand social skills training counselling techniques on sullenness amo...
ABSTRACT
This study assessed the influence of keyboarding and word processing II skills on business education students‘ effectivene...
ABSTRACT
This work examined the contributions of the insurance industry to the gross domestic product (GDP) in Nigeria. Data for the stud...
ABSTRACT
This project review the conformability of uninterrupted power supply through the use of inverter. An inverter...
Background Of The Study
Public and Private organizations needs information to function properly and ade...
ABSTRACT
This study investigated the different sources of income for development of secondary scho...
ABSTRACT
This study analyses the real exchange rate-domestic consumption relationship in Nigeria using the Smooth Transition Autoregressi...