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International Financial Reporting Standards (IFRS) are standards and framework adopted globally to harmonize divergent national standards and improve financial reporting quality. This study empirically investigated the effect of IFRS adoption on the performance of listed firms in Nigeria using data from all the 21 banks listed on the Nigerian Stock Exchange as at 31st December 2016. Using two robust performance measures – profitability and growth, a multiple regression model was used to test the hypothesis of this study. The research also carried out a pre and post study to investigate if there is any significant difference in the growth of listed banks in Nigeria following the adoption of IFRS. The study reveals that the adoption of IFRS has no significant effect on performance vis – a – vis the profitability and growth of listed banks in Nigeria. Findings from this study also reveals that IFRS adoption has no significant effect on the Pre and Post growth of listed banks in Nigeria.
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In-Text Citation: (Nwufo & Chima, 2021)
To Cite this Article: Nwufo, C. I., & Chima, M. I. (2021). The Effect of IFRS Adoption on Corporate Performance of Listed Firms in Nigeria. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(3), 1–18.
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