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dc.contributor.authorEdeigba, Judeen
dc.contributor.authorGan, Christopheren
dc.contributor.authorAmenkhienan, F.en
dc.date.accessioned2018-09-11T00:39:04Z
dc.date.available2018-03-14en
dc.date.issued2018-03en
dc.identifier.citationEdeigba, J., Gan, C., & Amenkhienan, F. (2018). The effects of organisational culture on IFRS adoption: Evidence from Nigerian' companies. International Journal of Accounting and Financial Reporting, 8(1), 198-220. doi:10.5296/ijafr.v8i1.12713en
dc.identifier.issn2162-3082en
dc.identifier.urihttps://hdl.handle.net/10182/10222
dc.description.abstractThis study investigates the underlying factors contributing to the International Financial Reporting Standards (IFRS) adoption in Nigeria. The diversity of responses to IFRS adoption is a phenomenon that requires empirical investigation to understand the reasons why some companies adopt IFRS other do not. Previous studies have investigated preparers of financial statements' compliance with IFRS. However, there is a dearth of research on the influence of cultural factors on IFRS adoption. Little has heretofore has been done to examine cultural variables as determinants of IFRS adoption. This study applies a self-administered survey instrument to elicit data from four major cities in Nigeria. The analysis involves applied logistic regression to estimate the relationship between the covariates and the companies decisions to adopt IFRS. The results indicate companies' professionalism, transparency, flexibility, secrecy, uniformity and statutory control are significant factors impacting IFRS adoption at different magnitudes. For example, a company that considers IFRS will increase the level of financial statements transparency is more likely to maintain some levels of secrecy. The study identifies that IFRS adoption can only be successful when accountants develop the relevant technical expertise in IFRS requirements prior to the implementation. Consequently, there is a need for more practical training in IFRS accounting valuation, recognition, measurement and disclosure of financial information to users of financial statements. The diversity in responses to IFRS adoption, where some companies adopt and others show resistance to IFRS requirements has been a phenomenon that requires empirical investigation to understand the rationale. Though some studies have investigated companies' compliance with accounting regulations in Nigeria, there is limited research on factors influencing IFRS adoption. A consequence is that efforts to come up with effective policies to enhance IFRS adoption and obtain compliance status for Nigerian companies are constrained. The objective is to contribute to initiatives aimed at assuring foreign investors of reliability of IFRS financial statements prepared by Nigerian companies.en
dc.format.extent198-220en
dc.language.isoenen
dc.publisherMacrothink Instituteen
dc.relationThe original publication is available from - Macrothink Institute - https://doi.org/10.5296/ijafr.v8i1.12713en
dc.relation.urihttps://doi.org/10.5296/ijafr.v8i1.12713en
dc.rights© Macrothink Institute & Edeigba, Gan & Amenkhienan. Copyright for this article is retained by the author(s), with first publication rights granted to the journal. This is an open-access article distributed under the terms and conditions of Creative Commons Attribution license (http://creativecommons.org/licenses/by/4.0/)Commons Attribution license (http://creativecommons.org/licenses/by/4.0/)en
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectIFRS adoptionen
dc.subjectNigeriaen
dc.subjectaccounting valuesen
dc.subjectcomplianceen
dc.subjectregulationen
dc.subjectaccounting practiceen
dc.titleThe effects of organisational culture on IFRS adoption: Evidence from Nigerian' companiesen
dc.typeJournal Article
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unitDepartment of Financial and Business Systemsen
lu.contributor.uniten
lu.contributor.uniten
dc.identifier.doi10.5296/ijafr.v8i1.12713en
dc.subject.anzsrc150201 Financeen
dc.subject.anzsrc150103 Financial Accountingen
dc.subject.anzsrc1501 Accounting, Auditing and Accountabilityen
dc.subject.anzsrc150104 International Accountingen
dc.relation.isPartOfInternational Journal of Accounting and Financial Reportingen
pubs.issue1en
pubs.notesDate of acceptance: 06 Mar 2018en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/FABS
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/2018 PBRF Staff group
pubs.publication-statusPublisheden
pubs.volume8en
dc.rights.licenceAttributionen
lu.identifier.orcid0000-0002-5618-1651


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