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IFRS Disclosures and Protection of Shareholders’ Interests in Nigerian Quoted Firms

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  • Peter Oludare Abe

    (Babcock University, Nigeria)

  • Ayooluwa Eunice Ajayi-Owoeye

    (Babcock University, Nigeria)

  • Folajimi Festus Adegbie

    (Babcock University, Nigeria)

Abstract

The protection of shareholders’ interests has attracted global attention following the corporate developments around the world necessitating disclosure and financial reporting regulations. A sample of 55 firms quoted on NSE was selected for the period of 2014-2018. The study adopted descriptive and inferential statistics. The regression results also show that IFRS disclosures have significant effect on the protection of shareholders’ interests in the selected listed firms in Nigeria at a 5 percent level of significance. The study concluded that there is inverse relationship between the protection of shareholder interests and IFRS disclosures; however, the IFRS disclosures have significant effects on the protection of shareholders in the Nigerian quoted firms. The study recommends that the Financial Reporting Council of Nigeria should change its stance on IFRS from adoption to adaptation in order to allow for local accounting standards that reflect the Nigerian environments.

Suggested Citation

  • Peter Oludare Abe & Ayooluwa Eunice Ajayi-Owoeye & Folajimi Festus Adegbie, 2020. "IFRS Disclosures and Protection of Shareholders’ Interests in Nigerian Quoted Firms," European Journal of Business and Management Research, European Open Science, vol. 5(5), September.
    • Handle: RePEc:epw:ejbmr0:v:5:y:2020:i:5:id:50579
    DOI: 10.24018/ejbmr.2020.5.5.579
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