IFRS Adoption and Foreign Direct Investment: The Nigerian Experience

Jinadu, O.; Ojeka, S. A.; Ogundana, O. M.

doi:10.5901/mjss.2016.v7n2p99

IFRS Adoption and Foreign Direct Investment: The Nigerian Experience

Authors: Jinadu, O., Ojeka, S. A., Ogundana, O. M.

Journal: Contemporary Journal of Social Science and Humanities (CJSSH), ISSN 2766-757X

Citation: CJSSH 1(1), 2020-11-10.

DOI: 10.5901/mjss.2016.v7n2p99

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Type: Original Research

Abstract

This research work examined the impact of IFRS adoption on Foreign direct investment. Using a sample of 12 years, subdivided into pre-adoption and post-adoption period. The observational findings from the charts shows that FDI generally grew consistently in the pre-adoption period while the post-adoption period witnessed a lot of inconsistent rise and fall. We employed a two-sample t-test in testing if there is a significant difference in FDI since the adoption of FDI. Findings revealed there is no significant difference. This contradicts the signaling effect of its adoption on investors. However, chart 3 shows that FDI since the adoption of IFRS has been underperforming.

Keywords

IFRS, Foreign Direct Investment, Economic Growth, Financial Statement Authorship Egiyi, Modesta Amaka PhD 1, Chukwuani, Victoria Nnenna PhD 2

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