文章基本信息

标题：Effects of International Financial Reporting Standards (IFRS) on Foreign Direct Investment: A Study of Nigerian Commercial Banks
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作者：John Onyemaechi Odo
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2018
卷号：8
期号：12
页码：1091-1103
DOI：10.6007/IJARBSS/v8-i12/5156
语种：English
出版社：Human Resource Management Academic Research Society
摘要：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.