International Journal of Social Science & Economic Research
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Title:
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) AND EARNINGS PER SHARE OF MONEY DEPOSIT BANKS IN NIGERIA

Authors:
Adesanmi A.D., Sanyaolu O.A., Ajayi E.O. and Suyi-Ajayi A.D.

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Adesanmi A.D., Sanyaolu O.A., Ajayi E.O. and Suyi-Ajayi A.D.
Bells University of Technology, Nigeria

MLA 8
A.D., Adesanmi, et al. "INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) AND EARNINGS PER SHARE OF MONEY DEPOSIT BANKS IN NIGERIA." Int. j. of Social Science and Economic Research, vol. 4, no. 5, May 2019, pp. 3998-4009, ijsser.org/more2019.php?id=306. Accessed May 2019.
APA
A.D., A., O.A., S., E.O., A., & A.D, S. (2019, May). INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) AND EARNINGS PER SHARE OF MONEY DEPOSIT BANKS IN NIGERIA. Int. j. of Social Science and Economic Research, 4(5), 3998-4009. Retrieved from ijsser.org/more2019.php?id=306
Chicago
A.D., Adesanmi, Sanyaolu O.A., Ajayi E.O., and Suyi-Ajayi A.D. "INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) AND EARNINGS PER SHARE OF MONEY DEPOSIT BANKS IN NIGERIA." Int. j. of Social Science and Economic Research 4, no. 5 (May 2019), 3998-4009. Accessed May, 2019. ijsser.org/more2019.php?id=306.

References

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Abstract:
The study examined the effect of International Financial Reporting Standard (IFRS) on the market performance of fourteen listed deposit money banks in Nigeria from 2007-2016.The study also examined the significant difference in the market performance of deposit money banks before and after adoption of IFRS. The study employed pooled ordinary least square and paired sample test to achieve the objectives. The result of the analysis revealed that the correlation coefficient of IFRS (0.00012) and the probability value (0.0124) is positively signed statistically significant at p<0.05. This implies a positive and significant relationship between IFRS adoption and market performance of the listed deposit money banks. Also, the paired sample test shows that the probability value is 0.0383 which is statistically significant at p<0.05. This implies that there is significant difference in the market performance of deposit money banks. The study therefore concludes that adoption of IFRS will effect positively on the market performance of companies in Nigeria. It recommended that all companies in Nigeria should not adopt the international standards, but adheres strictly to the requirements of these standards while applying them in the preparation of financial statement.