The impact of international financial reporting standards adoption and banking reforms on earnings management: evidence from Nigerian banks

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The_impact_of_international_financial_reporting_standards-Nigerian_banks-2016.pdf (495.11 KB)

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2017-04-19

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Authors

Nnadi, Matthias Akandu
Nwobu, Obiamaka A.

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Publisher

Inderscience

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Article

ISSN

2046-8083

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http://dx.doi.org/10.1504/AJAAF.2016.10004608
 http://dspace.lib.cranfield.ac.uk/handle/1826/11792

Citation

Matthias A. Nnadi and Obiamaka A. Nwobu. The impact of international financial reporting standards adoption and banking reforms on earnings management: evidence from Nigerian banks. African Journal of Accounting, Auditing and Finance, 2016, Vol.5, No.3, pp.231-253

Abstract

This study examines stock market reaction and the impact of IFRS adoption on the Nigerian stock market. The paper also evaluates the effect of the Central Bank of Nigeria (CBN) reforms on earnings management of Nigerian banks. The result indicates no evidence of any significant effect on the market but a negative stock reaction in the medium term. Our finding highlights mixed impact of IFRS adoption on earnings management; but a significant decrease in earnings management in the post CBN reforms. Our study shows that adoption of IFRS was wrongly timed in Nigeria as the fragile investors' sentiment which was just recovering from the shock of the global financial crisis could have been weakened by the negative market returns. These results have signal effect on investors.

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Keywords

earning management, reforms, bank, IFRS, adoption, Nigeria

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Attribution-Non-Commercial 3.0 Unported (CC BY-NC 3.0) You are free to: Share — copy and redistribute the material in any medium or format, Adapt — remix, transform, and build upon the material. The licensor cannot revoke these freedoms as long as you follow the license terms. Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. Information: Non-Commercial — You may not use the material for commercial purposes. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

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