Effect of Mandatory International Reporting Standards on Stock Prices of Manufacturing Firms Listed on the Nigerian Stock Market

Chukwuani, Victoria Nnenna

doi:10.70878/jbrs.2022.86a40c45

Effect of Mandatory International Reporting Standards on Stock Prices of Manufacturing Firms Listed on the Nigerian Stock Market

Authors: Chukwuani, Victoria Nnenna

Journal: Journal of Business Research and Statistics (JBRS), ISSN 1694-4356

Citation: JBRS 2(1), 2022-08-18.

DOI: 10.70878/jbrs.2022.86a40c45

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Type: Original Research

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

Published by Academic Ink Review Journal. Open Access under CC BY 4.0.