Abstract
This study examined the effect of mandatory adoption of IFRS on stock prices of manufacturing firms listed on the Nigerian stock market, and to determine whether there is a significant difference in stock prices given the mandatory adoption of IFRS by firms in 2012. Findings from the study, therefore, imply that the mandatory adoption of IFRS has a positive and significant effect on stock prices of manufacturing firms listed on the Nigerian Stock Exchange and that there is a significant difference in stock prices of manufacturing firms given the mandatory adoption of IFRS in 2012.
Keywords
Mandatory International Reporting Standards, Adoption of IFRS, Stock Prices, Manufacturing Firms Authorship: Chukwuani, V. N. PhD. | FULL PDF
Full Text
This study examined the effect of mandatory adoption of IFRS on stock prices of manufacturing firms listed on the Nigerian stock market, and to determine whether there is a significant difference in stock prices given the mandatory adoption of IFRS by firms in 2012. Findings from the study, therefore, imply that the mandatory adoption of IFRS has a positive and significant effect on stock prices of manufacturing firms listed on the Nigerian Stock Exchange and that there is a significant difference in stock prices of manufacturing firms given the mandatory adoption of IFRS in 2012.