For correspondence:-
Received: 21 Feb. 2018 Accepted: 25 March 2018 Published: 31 March 2018
Citation: IFRS Adoption, Firms’ Characteristics and the Timeliness of Financial Information. Account Tax Rev 2003; 2(1):92-106 doi:
© 2003 The authors.
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Abstract
This study investigates the effect of IFRS adoption on the timeliness of financial information in Nigeria. We argue that IFRS has extended the timing of financial information and that the directions of the relationship between timeliness of financial reports and firms’ characteristics are likely to vary in the pre and post IFRS adoption periods in Nigeria. In line with this, Data on the timeliness of financial reports, EPS, firm size, leverage, IFRS adoption, and ROA were collected for 30 companies over the periods of 2009 through 2016. These data were analysed using the ordinary least square regression method. Three regression analyses were conducted in the study: a regression analysis for the pre-IFRS adoption another one for post-IFRS adoption the periods, and the last one for a combined period. These analyses provide evidence which suggested that the timing of financial reports has slightly improved following the adoption of IFRS in Nigeria and that the directions of the relationship between timeliness of financial information and firms’ characteristics are likely to vary in the pre and post IFRS adoption periods in Nigeria. We recommend for further academic studies with large sample size and sufficient numbers of variables.
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