Abstract: The paper was set to examine the impact of adoption of International Financial Reporting standards on key selected performance variables in the conglomerate sector of the economy. while the pre IFRS periods covered a study period of 5 years (2007 to 2011, the post IFRS periods also covered a 5 year study periods (2012-2016). The key performance indicators were share price, earnings per share, return on equity, and return on assets. Data for the study was sourced from the six quoted conglomerates while the research hypotheses were tested using t-test. Variables such as share price (SP), return on equity (ROE), return on assets (ROA) showed a decrease after IFRS adoption indicating that the impact of IFRS adoption on these performance variables was negative. Meanwhile, earnings per share (EPS) showed an increase indicating that IFRS adoption has had a positive impact of the performance of firms among the conglomerate sector of the economy. However, the test of mean difference on all variables showed that the difference in mean values for all variables were statistically insignificant except for return on assets which showed a significant difference. Hence, we conclude that overall, IFRS adoption has not had a significant impact on the performance of conglomerate firms in Nigeria. inn this wise, we recommend that policy makers should ensure that local policies are introduce to encourage or stimulates the economy further to enable better performance on the part of the firms’ Lastly, management of conglomerates should find a way to stimulate performance in order to encourage a surge on the prices of shares of firms.
Keywords: IFRS Adoption, Financial Performance Indicators, Quoted Conglomerates, and Pre-Post Analysis.
Title: IFRS Adoption and Financial Performance Indicators of Quoted Conglomerates in Nigeria: A Pre-Post Analysis
Author: Miebaka Big-Alabo, E.A.L. Ibanichuka
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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