EFFECT OF FIRM CHARACTERISTICS ON INTERNATIONAL FINANCIAL REPORTING STANDARDS COMPLIANCE BY LISTED CONSTRUCTION/ REAL ESTATE FIRMS IN NIGERIA

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EFFECT OF FIRM CHARACTERISTICS ON INTERNATIONAL FINANCIAL.pdf (298.97 KB)

Date

2021-06-01

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Department of Accounting, Nasarawa State University, Keffi

Abstract

This study examines the effect of firm characteristics on international financial reporting standards compliance by listed construction/ real estate firms in Nigeria. Ex-post facto design was used on secondary data collected from the annual financial reports of listed Construction/ Real Estate firms in Nigeria. The population of the study consist of the nine (9) listed Construction/ Real Estate firms in Nigeria as at 31st December 2018, thus, census sampling method was used. Panel regression analysis was adopted and found out that, firm leverage exerts negative but statistically not significant effect on IFRS Compliance by listed construction firms in Nigeria. On the effects of firm size, Liquidity, Profitability, and auditor type, on IFRS compliance, positive and statistically significant relationships were found. The extent to which firm growth affects compliance is negative and statistically not significant. Based on the findings of the study, it is concluded that, firms’ attributes are the core factors that affect or influence the compliance of International Financial Reporting Standards by Construction/ Real Estate firms in Nigeria. It is recommended among others that, level of liquidity of firms should be improved and sustained as this would support compliance level

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Keywords

Leverage, Firm Size, Liquidity, Profitability, Auditor Type, IFRS Compliance, Construction/Real Estate, Nigeria.

Citation

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URI

https://keffi.nsuk.edu.ng/handle/20.500.14448/714

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