- Autor
- Sochima Abadua Henr (University of Benin, Nigeria), Iyafekhe Christian (Edo University, Iyamho , Edo State, Nigeria)
- Tytuł
- Financial Ratios and Bank Efficiency in Nigeria: a Non-Parametric Analysis
- Źródło
- Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska, 2018, z. 116, s. 79-93, tab., bibliogr. 41 poz.
- Słowa kluczowe
- Amerykańskie standardy rachunkowości, Standardy rachunkowości, Wskaźniki finansowe, Efektywność banków, Test Mann-Whitney
Generally Accepted Accounting Principless (GAAP), Accounting standards, Financial indicators, Banks' efficiency, Mann-Whitney test - Uwagi
- summ., streszcz.
- Kraj/Region
- Nigeria
Nigeria - Abstrakt
- The study examined the efficiency of banks Nigerian using financial ratios in pre and post IFRS regime. Specifically, the study was conducted through comparison of the ratios that were computed from IFRS- financial statements based and Nigerian GAAP-based financial reports of ten (10) commercial banks quoted on the floor of the Nigerian Stock Exchange as at 2015 (before IFRS commencement and after). Three financial ratios were selected from each of the four major categories; profitability, liquidity, leverage and investment. The paired sample t-test and Mann-Whitney test were employed in testing whether significant differences exist between the pair of ratios after the normality test has been ascertained by the Jarque-Berra tests through descriptive statistics. In all, the result shows major difference between profitability, liquidity, leverage and investment ratios of the sampled firms before and after IFRS adoption at 5% level. It is was recommended that longer years in the post-IFRS adoption period are required to ascertain IFRS benefits to Nigerian firms, in relation to financial ratios.(original abstract)
- Pełny tekst
- Pokaż
- Bibliografia
- Agca, A., & Aktas, R. (2007). First time application of IFRS and its impact on financial ratios: a study on Turkish listed firms. Problems and Perspectives in Management, 5(2), 99-112.
- Akande, A.O. & Ikpefan, O.A. (2013). International Financial Reporting Standard (IFRS): Benefits, Obstacles and Intrigues For Implementation in Nigeria. Research Journal of Finance and Accounting.3 (10), 143 - 151.
- Alexander, D. (2003). Fair values in IAS GAAP/ Workshop on Implementing IFRS, EIASM, Brussels, September 11-12.
- Alicja, J., Justyna, F., Małgorzata, J., Baranowska & Maciej, F. (2007). The Impact of IAS/IFRS on Polish Accounting Regulations and their Practical Implementation in Poland, Accounting in Europe, 4(1), 67-78.
- Altman, E. I. (1968). Financial Ratios, discriminant analysis and the prediction of corporate bankruptcy, The Journal of Finance, 23(4), 589-609
- Apostolos, A. B., Despina, S., & Christos, A. T. (2010). The relevance of IFRS to an emerging market: evidence from Greece. Managerial Finance. 36(11), 931-948.
- Baker E., Lembke C., & King E., (2009). Advanced Financial Accounting, 8th edition, McGraw-Hill.
- Barth, M. E., Landsman, M. H. & Lang, W. R. (2008). International Accounting Standards and accounting quality, Journal of Accounting Research. 46(3), 467-498
- Beaver, W. H. (1966). Financial ratios as predictors of failure, Journal of Accounting Research, 4(5), 71-111
- Blanchette, M., Racicot, F. E. & Girard, J. Y. (2011) The Effects of IFRS on Financial Ratios: Early Evidence in Canada, Ottawa; Certified General Accountants Association of Canada
- Cai, F., & Wong, H. (2010). The Effects of IFRS adoption on global capital market integration. International Business & Economic Research Journal, 9(10), 25-34. [Online] Available:
- Chamisa, E. E. (2000), The Relevance and Observance of the IASC standards in Developing Countries and the Particular case of Zimbabwe. The International Journal of Accounting, 35(2), 267-286.
- Chua, W. F. & Taylor, S. L. (2008). The rise and rise of IFRS: An examination of IFRS diffusion, Journal of Accounting and Public Policy, vol. 27, 462-473
- Essien-Akpan I. (2011). The International Financial Reporting Standards (IFRS). The Role of the Chartered Secretary and Administrator. A paper presented at the 35th Conference of ICSAN. Lagos Sheraton Hotels and Towers. October 26th and 27th.
- Ezeani N. S. & Oladele R. (2012). Adoption of international financial reporting standards (IFRS) to enhance financial reporting in Nigeria universities. Arabian Journal of Business and Management Review (OMAN Chapter) Vol. 2, No.3
- FIRS (2013). Tax Implications of the Adoption of the International Financial Reporting Standards (IFRS)
- Friedman, M. (1970). The social responsibility of business is to increase its profits, The New York Times Magazine, September 13
- Garuba, A. O. & Donwa P. (2011). The challenges of adopting international financial Reporting system in Nigeria JORIND 1(9); 313-317.
- Hoyle B., Schaefer E., & Doupnik S. (2009). Advanced Accounting, 9th edition, McGraw - Hill.
- Ikpefan, O.A. & Akande, A.O. (2012). International financial reporting standard (IFRS): Benefits, Obstacles and Intrigues for Implementation in Nigeria. Business Intelligence Journal, 299-307
- Isenmila, P.A., Eragbhe, E. & Ogiedu, K.O. (2010). Corporate Finance. Mindex Press, Benin
- Iyoha, F.O., & Faboyede, S.O. (2011). Adopting international financial reporting standards (IFRS) - A focus on Nigeria. International Journal of Research in Commerce & Management. 2(1), 35-40.
- Jacob, R. A., & Madu, C. N. (2009). International Financial Reporting Standards: an indicator of high quality. International Journal of Quality & Reliability Management, 26, 712-722.
- Jeanjean, T., & Stolowy, H. (2008). Do accounting standards matter? An exploratory analysis of earnings management before and after IFRS adoption. Journal of Accounting and Public Policy, Vol. 27, pp. 480-94.
- Jensen, M .C. (2001) "Value maximisation, stakeholder theory and the corporate objective function", European Financial management, 7(3): 297-317
- Jermakowicz E. K. (2004). Effects of Adoption of International Financial Reporting Standards in Belgium: The Evidence from BEL-20 Companies, Accounting in Europe, 2(1), 51-70
- Jones, S., & J. Ratnatunga, (1997). The decision usefulness of cash flow statements by Australian reporting entities: some further evidence, The British Accounting Review 29, 67-85.
- Kenneth, E.O. (2012). Adoption of IFRS and financial statements effects: The Perceived Implications on FDI and Nigeria Economy. Australian Journal of Business and Management Research, 2(05), 76-83.
- Latridis, G. (2010). IFRS adoption and financial statement effects: The UK case. International Research Journal of Finance and Economics, 38, 165-172.
- Meeks, G., & Swann, P. (2009). Accounting Standards and the Economics of Standards. Accounting and Business Research, 39, (3), 191-210.
- Mir, M. Z., & Rahaman, A. S. (2005). The Adoption of International Accounting Standards in Bangladesh. An exploration of rationale and process. Accounting, Auditing and Accountability Journal, 18(6), 816-841.
- Nobes, C., & Parker, R. (2004). Comparative International Accounting, Prentice Hall, 2004.
- Odia, J.O. & Ogiedu, K.O. (2013). IFRS Adoption: Issues, Challenges and Lessons for Nigeria and other Adopters. Mediterranean Journal of Social Sciences, 4(3), 389-399
- Oseni, M. (2013). Application and challenges of International financial Reporting standards in Nigeria. Arabian Journal of Business and Management Review (OMAN Chapter) 3(2), 72-79
- Robyn, P., & Graeme, D. (2009). Implementing IFRS in local government: value adding or additional pain?. Qualitative Research in Accounting & Management, 6(3), 180-196.
- Serkan, T., Recep, O. & Ilker, K.S. (2013). Impact of Adopting International Financial Reporting Standards: Empirical Evidence from Turkey. International Business Research, 6(4), 55-66
- Taiwo, F. H., & Adejare, A. T. (2014). Empirical Analysis of the Effect of International Financial Reporting Standards (IFRS) Adoption on Accounting Practices in Nigeria. Archives of Business Research, 2(2), 1-14.
- Tendeloo, B. V. & Vanstraelen, A. (2008). Earnings management and audit quality in Europe: Evidence from the private client segment market, European Accounting Review, vol. 17(3): 447-469
- Wong, P. (2004). Challenges and successes in implementing international standards achieving convergence to IFRSs and lASs, International Federation of Accountants, 3, 12-30.
- Zayyad, A.B., Ahmad, B.U. & Mubaraq, S. (2014). Financial ratios as performance measure: A comparison of IFRS and Nigerian GAAP. Accounting and Management Information Systems 13(1), 82-97.
- Zeghal, D., & Mhedhbi, K. (2006). An analysis of the factors affecting the adoption of international accounting standards by developing countries, Published by University of Illinois.
- Cytowane przez
- ISSN
- 1641-3466
- Język
- eng
- URI / DOI
- http://dx.doi.org/10.29119/1641-3466.2018.116.6