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IFRS adoption and firm value: African evidence

Henry Agyei-Boapeah, Michael Machokoto Orcid Logo, Joseph Amankwah-Amoah, Tunyi Tunyi Abongeh Orcid Logo, Samuel Fosu

Accounting Forum, Volume: 44, Issue: 3, Pages: 238 - 261

Swansea University Author: Tunyi Tunyi Abongeh Orcid Logo

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DOI (Published version): 10.1080/01559982.2020.1766755

Abstract

We examine the impact of the adoption of International Financial Reporting Standards (IFRS) on firm value using a sample of African listed firms selected over the 2000–2015 period. Our results show that the adoption of IFRS positively impacts firm value. We further find that the impact of IFRS adopt...

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Published in: Accounting Forum
ISSN: 0155-9982 1467-6303
Published: Informa UK Limited 2020
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URI: https://cronfa.swan.ac.uk/Record/cronfa65109
first_indexed 2023-11-26T11:07:57Z
last_indexed 2024-11-25T14:15:24Z
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spelling 2024-01-03T10:21:12.0136179 v2 65109 2023-11-26 IFRS adoption and firm value: African evidence eefe2792c8eed5b49feede33981dfa53 0000-0002-5761-931X Tunyi Tunyi Abongeh Tunyi Tunyi Abongeh true false 2023-11-26 CBAE We examine the impact of the adoption of International Financial Reporting Standards (IFRS) on firm value using a sample of African listed firms selected over the 2000–2015 period. Our results show that the adoption of IFRS positively impacts firm value. We further find that the impact of IFRS adoption on firm value is more pronounced in environments where there is a greater commitment to the rule of law. Moreover, the increase in firm value is more pronounced for firms with a higher degree of financial constraints. Finally, additional results suggest that the benefits of fully implementing IFRS are higher than those arising from partial/modified adoption. Our results are robust to controlling for other factors that affect firm value and to alternative sampling procedures. Journal Article Accounting Forum 44 3 238 261 Informa UK Limited 0155-9982 1467-6303 IFRS adoption, firm value, Africa, financial constraint, rule of law 2 7 2020 2020-07-02 10.1080/01559982.2020.1766755 http://dx.doi.org/10.1080/01559982.2020.1766755 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University Not Required 2024-01-03T10:21:12.0136179 2023-11-26T11:07:14.1774161 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Henry Agyei-Boapeah 1 Michael Machokoto 0000-0001-8903-0019 2 Joseph Amankwah-Amoah 3 Tunyi Tunyi Abongeh 0000-0002-5761-931X 4 Samuel Fosu 5
title IFRS adoption and firm value: African evidence
spellingShingle IFRS adoption and firm value: African evidence
Tunyi Tunyi Abongeh
title_short IFRS adoption and firm value: African evidence
title_full IFRS adoption and firm value: African evidence
title_fullStr IFRS adoption and firm value: African evidence
title_full_unstemmed IFRS adoption and firm value: African evidence
title_sort IFRS adoption and firm value: African evidence
author_id_str_mv eefe2792c8eed5b49feede33981dfa53
author_id_fullname_str_mv eefe2792c8eed5b49feede33981dfa53_***_Tunyi Tunyi Abongeh
author Tunyi Tunyi Abongeh
author2 Henry Agyei-Boapeah
Michael Machokoto
Joseph Amankwah-Amoah
Tunyi Tunyi Abongeh
Samuel Fosu
format Journal article
container_title Accounting Forum
container_volume 44
container_issue 3
container_start_page 238
publishDate 2020
institution Swansea University
issn 0155-9982
1467-6303
doi_str_mv 10.1080/01559982.2020.1766755
publisher Informa UK Limited
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1080/01559982.2020.1766755
document_store_str 0
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description We examine the impact of the adoption of International Financial Reporting Standards (IFRS) on firm value using a sample of African listed firms selected over the 2000–2015 period. Our results show that the adoption of IFRS positively impacts firm value. We further find that the impact of IFRS adoption on firm value is more pronounced in environments where there is a greater commitment to the rule of law. Moreover, the increase in firm value is more pronounced for firms with a higher degree of financial constraints. Finally, additional results suggest that the benefits of fully implementing IFRS are higher than those arising from partial/modified adoption. Our results are robust to controlling for other factors that affect firm value and to alternative sampling procedures.
published_date 2020-07-02T14:35:45Z
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score 11.247077

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