Deprecated: Required parameter $content follows optional parameter $atts in /home/qavaho/airjournal.org/wp-content/uploads/kc_extensions/icon-hover-effects/index.php on line 138
IFRS Adoption and Foreign Direct Investment: The Nigerian Experience – Contemporary Journal of Social Sciences and Humanities

IFRS Adoption and Foreign Direct Investment: The Nigerian Experience

IFRS Adoption and Foreign Direct Investment: The Nigerian Experience

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 PhD1; Chukwuani, Victoria Nnenna PhD2

DOWNLOAD FULL PDF

 

Categories:

Warning: PHP Startup: uploadprogress: Unable to initialize module Module compiled with module API=20220829 PHP compiled with module API=20200930 These options need to match in Unknown on line 0