Journal of Emerging Trends in Economics and Management Sciences: Home

Article Title:
Mandatory International Financial Reporting Standard Adoption and Foreign Direct Investment
by Adelusi Abosede Ifeoluwa, Ojeka Stephen A., PhD,

Abstract:
This study examined the mandatory International Financial Reporting Standard Adoption in Nigeria and its effect on Foreign Direct Investment in Portfolio. Data were mainly gathered from various issues of quarterly publications of the Central Bank of Nigeria Statistical Bulletins. Analysis of data was done through the use of descriptive statistics and pair t-test analysis. Findings show that there was an initial increase in Foreign Direct Investment into the country in the year of adoption and a year after. But a decline occurred in 2014 and 2015 which can be referred to as post adoption period. It is recommended that the government should be more transparent and maintenance of security of life and property should be prioritized.

Keywords: harmonization, convergence, foreign direct investment, IFRS.

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