stdClass Object ( [id] => 7720 [paper_index] => EW201804-01-002457 [title] => EFFECT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS ADOPTION ON EARNINGS QUALITY OF QUOTED CONSUMER GOODS FIRMS IN NIGERIA [description] =>
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[author] => SOLANKE Abiola Abosede [googlescholar] => https://scholar.google.co.in/citations?user=KeqZGcIAAAAJ&hl=en [doi] => [year] => 2019 [month] => August [volume] => 7 [issue] => 8 [file] => eprapub/EW201804-01-002457.pdf [abstract] =>

The study examines the contribution of international financial reporting standards (IFRS) adoption on the financial performance of consumer goods firms in Nigeria. Secondary data were used in this study with panel data of 28 listed firms from 2006 to 2017 on the basis of pool ordinary least square (POLS). The dependent variable is earnings quality which was proxy using discretionary accruals jones model 1992. Return on asset and Return on equity are proxies to financial performance which is enhanced by the adoption of IFRS as the independent variable.  Size, age, growth and leverage are selected for statistical control in the study. We estimate fixed effect regression to test the hypothesis and different regression models to examine the effect of IFRS on earnings quality. It is found that IFRS adoption contributed to the financial performance of Quoted Consumer Goods Firms in Nigeria at P<0.05. The study recommends that regulatory agencies, especially Financial Reporting Council of Nigeria (FRCN) should continually and globally monitor the adoption and compliance with all the relevant IFRS by all the quoted firms in Nigeria, especially Consumer Goods Firms in Nigeria, as this will not only add quality information needed by investors to make an informed decision but will boost investors or stakeholders’ assurance in audited financial statements and improve earnings quality as reported by the  firms.

KEYWORDS: IFRS, Earnings quality, Consumer goods firms, Financial Performance, Nigeria

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