THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) ADOPTION ON STOCK PRICE SYNCHRONICITY: EVIDENCE FROM NIGERIA

Authors

  • Ebenezer Malomo Senior lecturer department of accountancy yaba college of technology Lagos, Nigeria
  • Ahmed Adeshina Babatunde Principal Lecturer, Department of accountancy Lagos city Polytechnic Lagos , Nigeria
  • Banjo Kolade Adedokun Department of finance, University of Lagos, Nigeria

Keywords:

International Financial Reporting Standard (IFRS),, Stock Price Synchronicity, Nigeria Stock Exchange (NSE, International Accounting Standard Board (IASB)

Abstract

The purpose of this paper is to investigate the impact of IFRS adoption on stock price synchronicity in Nigeria. This research has been performed using a sample of 20 companies listed on the Nigeria Stock Exchange (NSE) from 2010 to 2015. The relationship between the explained variable and explanatory variables was observed. Univariate and multivariate techniques were used for the purpose of the study. Panel data estimates were also employed in the study. The results of the empirical tests were statistically significant at 0.05 level. The findings of the study revealed that IFRS adoption improves information environment through the capitalisation of firm-specific information into stock prices, thereby reducing stock price synchronicity in Nigeria.

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Published

2018-03-31

How to Cite

Ebenezer Malomo, Ahmed Adeshina Babatunde, & Banjo Kolade Adedokun. (2018). THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) ADOPTION ON STOCK PRICE SYNCHRONICITY: EVIDENCE FROM NIGERIA. Singaporean Journal of Business Economics and Management, 6((3), 26–31. Retrieved from https://www.singaporeanjbem.com/index.php/SJBEM/article/view/400

Issue

Vol. 6 No. (3) (2018)

Section

Articles