Northampton Electronic Collection of Theses and Research

IFRS adoption and firm value: African evidence

Agyei-Boapeah, H., Machokoto, M., Amankwa-Amoah, J., Tunyi, A. and Fosu, S. (2020) IFRS adoption and firm value: African evidence. Accounting Forum. 44(3), pp. 238-261. 0155-9982.

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Machokoto_etal_T_F_2020_IFRS_adoption_and_firm_value_African_evidence.pdf - Accepted Version
Information
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 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.
Additional Information:
ISSN: 0155-9982
Uncontrolled Keywords:
IFRS adoption, firm value, rule of law, Africa, financial constraint, Accounting, Finance
Creators:
Agyei-Boapeah, H., Machokoto, M., Amankwa-Amoah, J., Tunyi, A. and Fosu, S.
Faculties, Divisions and Institutes:
Faculties > Faculty of Business & Law > Accounting & Finance
Date:
2 July 2020
Date Type:
Publication
Page Range:
pp. 238-261
Journal or Publication Title:
Accounting Forum
Volume:
44
Number:
3
Number of Pages:
24
Language:
English
DOI:
10.1080/01559982.2020.1766755
ISSN:
0155-9982
Status:
Published / Disseminated
Refereed:
Yes
Related URLs:
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