Original Research Article | OPEN ACCESS
IFRS Adoption, Firms’ Characteristics and the Timeliness of Financial Information

E. Oshodin , O. J. Ikhatua

Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Edo State;

For correspondence:-  E. Oshodin   Email: ernest.oshodin@uniben.edu

Received: 21 Feb. 2018        Accepted: 25 March 2018        Published: 31 March 2018

Citation: Oshodin E, Ikhatua OJ. IFRS Adoption, Firms’ Characteristics and the Timeliness of Financial Information. Account Tax Rev 2018; 2(1):92-106 doi:

© 2018 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..

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.

Keywords: Reporting Lag, Firm Size, Profitability, Leverage, IFRS Adoption.


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