Effects of International Financial Reporting Standards (IFRS) on Foreign Direct Investment: A Study of Nigerian Commercial Banks.

ODO, John Onyemaechi (2018) Effects of International Financial Reporting Standards (IFRS) on Foreign Direct Investment: A Study of Nigerian Commercial Banks. International Journal of Academic Research in Business and Social Sciences, 8 (12). pp. 1091-1103. ISSN 2222-6990

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Abstract

The study examined the effect of adopting International Financial Reporting standards (IFRS) on Foreign Direct Investment (FDI) inflow into Nigeria. The objective of the study was to assess whether the adoption of IFRS has significant impact on Foreign Direct Investment (FDI) inflow into Nigeria. Three null hypothesis were stated thus: Non-current assets disclosed by banks adopting IFRS has no significant effect on value of FDI inflow; Profit after tax of Nigerian banks adopting IFRS has no significant effect on value of FDI inflow; Total assets disclosed by banks adopting IFRS has no significant effect on value of FDI. Secondary data were collected from published financial statements of three commercial banks under study. The regression analysis based on ordinary least (OLS) was used to test our null hypotheses. The findings of the study revealed that contrary to general expectation, the value of FDI inflow into the sector did not significantly increase after the adoption of IFRS. On the basis of the findings, we recommend amongst others that the addition to encouraging IFRS adoption, Nigeria government should create enabling environment to attract foreign direct investment into the economy.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Management and Social Sciences
Depositing User:	miss ifeoma agbo
Date Deposited:	02 Apr 2019 13:34
Last Modified:	02 Apr 2019 13:34
URI:	http://eprints.gouni.edu.ng/id/eprint/1067

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