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IFRS adoption and firm value: African evidence

Agyei-Boapeah, H., Machokoto, M., Amankwah-Amoah, J., Tunyi, A., Fosu, S. (2020) IFRS adoption and firm value: African evidence. Accounting Forum, . ISSN 0155-9982. (doi:10.1080/01559982.2020.1766755) (KAR id:81133)

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Official URL
https://doi.org/10.1080/01559982.2020.1766755

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.

Item Type: Article
DOI/Identification number: 10.1080/01559982.2020.1766755
Uncontrolled keywords: IFRS adoption, firm value, Africa, financial constraint, rule of law
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 06 May 2020 08:34 UTC
Last Modified: 16 Dec 2021 00:00 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/81133 (The current URI for this page, for reference purposes)
Amankwah-Amoah, J.: https://orcid.org/0000-0003-0383-5831
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