Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria

Augustine Ayuba; Benjamin Kumai Gugong

doi:doi:10.11648/j.ijefm.20140204.14

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Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria

Augustine Ayuba, Benjamin Kumai Gugong

Published in International Journal of Economics, Finance and Management Sciences (Volume 2, Issue 4)

Received: 27 April 2014 Accepted: 9 May 2014 Published: 20 August 2014

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Abstract

This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 2, Issue 4)
DOI	10.11648/j.ijefm.20140204.14
Page(s)	257-262
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

Government Policy, Company Size, International Financial Reporting Standards, Nigerian Generally Accepted Accounting Principles

References

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APA Style

Augustine Ayuba, Benjamin Kumai Gugong. (2014). Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. International Journal of Economics, Finance and Management Sciences, 2(4), 257-262. https://doi.org/10.11648/j.ijefm.20140204.14

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ACS Style

Augustine Ayuba; Benjamin Kumai Gugong. Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. Int. J. Econ. Finance Manag. Sci. 2014, 2(4), 257-262. doi: 10.11648/j.ijefm.20140204.14

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AMA Style

Augustine Ayuba, Benjamin Kumai Gugong. Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. Int J Econ Finance Manag Sci. 2014;2(4):257-262. doi: 10.11648/j.ijefm.20140204.14

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@article{10.11648/j.ijefm.20140204.14,
  author = {Augustine Ayuba and Benjamin Kumai Gugong},
  title = {Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {2},
  number = {4},
  pages = {257-262},
  doi = {10.11648/j.ijefm.20140204.14},
  url = {https://doi.org/10.11648/j.ijefm.20140204.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20140204.14},
  abstract = {This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.},
 year = {2014}
}

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TY  - JOUR
T1  - Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria
AU  - Augustine Ayuba
AU  - Benjamin Kumai Gugong
Y1  - 2014/08/20
PY  - 2014
N1  - https://doi.org/10.11648/j.ijefm.20140204.14
DO  - 10.11648/j.ijefm.20140204.14
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 257
EP  - 262
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20140204.14
AB  - This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.
VL  - 2
IS  - 4
ER  -

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Author Information

Augustine Ayuba

Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University, PMB, 2339, Kaduna, Nigeria
Benjamin Kumai Gugong

Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University, PMB, 2339, Kaduna, Nigeria

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APA Style

Augustine Ayuba, Benjamin Kumai Gugong. (2014). Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. International Journal of Economics, Finance and Management Sciences, 2(4), 257-262. https://doi.org/10.11648/j.ijefm.20140204.14

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ACS Style

Augustine Ayuba; Benjamin Kumai Gugong. Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. Int. J. Econ. Finance Manag. Sci. 2014, 2(4), 257-262. doi: 10.11648/j.ijefm.20140204.14

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AMA Style

Augustine Ayuba, Benjamin Kumai Gugong. Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria. Int J Econ Finance Manag Sci. 2014;2(4):257-262. doi: 10.11648/j.ijefm.20140204.14

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@article{10.11648/j.ijefm.20140204.14,
  author = {Augustine Ayuba and Benjamin Kumai Gugong},
  title = {Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {2},
  number = {4},
  pages = {257-262},
  doi = {10.11648/j.ijefm.20140204.14},
  url = {https://doi.org/10.11648/j.ijefm.20140204.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20140204.14},
  abstract = {This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Does Government Policy and Company Size Influenced Stakeholders Perception on the Adoption of International Financial Reporting Standards (IFRS) in Nigeria
AU  - Augustine Ayuba
AU  - Benjamin Kumai Gugong
Y1  - 2014/08/20
PY  - 2014
N1  - https://doi.org/10.11648/j.ijefm.20140204.14
DO  - 10.11648/j.ijefm.20140204.14
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 257
EP  - 262
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20140204.14
AB  - This study examines some factors influencing the adoption of International Financial Reporting Standards (IFRS) among the various stakeholders in Nigeria. A research model was developed to indicate the relationship between government policy and company size that were argued to have a positive significant relationship on the adoption of IFRS. This study is based on survey design; after successful reliability tests, correlation and multiple regression were used in analyzing the data. Results indicate that, government policy has a positive significant relationship with the adoption of IFRS, while company size was found to be insignificant with the adoption of IFRS. The study recommends that, company size should be properly taken into consideration either in terms of small, medium or large size in order to ensure a smooth transition from Nigerian Generally Accepted Accounting Principles to full adoption of IFRS in the country.
VL  - 2
IS  - 4
ER  -

Copy | Download