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Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria

Starting 2012, Nigerian listed companies are mandated to follow International Financial Reporting Standards in reporting of firm financial information. The reporting framework requires companies to report fair value gain and losses as other comprehensive income. In this study, we investigate the val...

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Main Authors: Baba, Usman Aliyu, Amran, Noor Afza, Shaari, Hasnah
Format: Conference or Workshop Item
Language:English
Published: 2018
Subjects:
HF Commerce
Online Access:http://repo.uum.edu.my/26042/1/ICAS%202018%2066%2072.pdf
http://repo.uum.edu.my/26042/
http://icas.my/index.php/proceedings/8-icas-2018-proceedings
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spelling my.uum.repo.260422019-05-21T01:10:25Z http://repo.uum.edu.my/26042/ Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria Baba, Usman Aliyu Amran, Noor Afza Shaari, Hasnah HF Commerce Starting 2012, Nigerian listed companies are mandated to follow International Financial Reporting Standards in reporting of firm financial information. The reporting framework requires companies to report fair value gain and losses as other comprehensive income. In this study, we investigate the value relevance of other comprehensive income and compliance with International Accounting Standards (IAS) 16, IAS 19 and IFRS 7. Using 259 firm-year observations, the result shows that compliance with relevant accounting standards are positively priced by investors. One primary recommendation of the study is that reporting entities should pursue compliance of IFRS standards in order to increase reliability of financial reporting process for investors. 2018 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/26042/1/ICAS%202018%2066%2072.pdf Baba, Usman Aliyu and Amran, Noor Afza and Shaari, Hasnah (2018) Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria. In: 5th International Conference on Accounting Studies (ICAS 2018), 16-17 October 2018, Penang, Malaysia. http://icas.my/index.php/proceedings/8-icas-2018-proceedings doi:10.5267/j.dsl.2018.6.001
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HF Commerce
spellingShingle HF Commerce
Baba, Usman Aliyu
Amran, Noor Afza
Shaari, Hasnah
Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria
description Starting 2012, Nigerian listed companies are mandated to follow International Financial Reporting Standards in reporting of firm financial information. The reporting framework requires companies to report fair value gain and losses as other comprehensive income. In this study, we investigate the value relevance of other comprehensive income and compliance with International Accounting Standards (IAS) 16, IAS 19 and IFRS 7. Using 259 firm-year observations, the result shows that compliance with relevant accounting standards are positively priced by investors. One primary recommendation of the study is that reporting entities should pursue compliance of IFRS standards in order to increase reliability of financial reporting process for investors.
format Conference or Workshop Item
author Baba, Usman Aliyu
Amran, Noor Afza
Shaari, Hasnah
author_facet Baba, Usman Aliyu
Amran, Noor Afza
Shaari, Hasnah
author_sort Baba, Usman Aliyu
title Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria
title_short Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria
title_full Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria
title_fullStr Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria
title_full_unstemmed Market valuation, other comprehensive income and compliance with accounting standards: a case of Nigeria
title_sort market valuation, other comprehensive income and compliance with accounting standards: a case of nigeria
publishDate 2018
url http://repo.uum.edu.my/26042/1/ICAS%202018%2066%2072.pdf
http://repo.uum.edu.my/26042/
http://icas.my/index.php/proceedings/8-icas-2018-proceedings
_version_ 1644284490054369280
score 13.211869

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