ABSTRACT
The study investigated the impact
of international Financial Reporting Standard (IFRS) on Foreign Direct
Investment (FDI) in Nigeria. The problem of the study sought to solve was the
determination of the impact of IFRS on FDI in Nigeria. The study employed a
descriptive survey design. Four (4) research question and two (2) null
hypotheses were formulated to guide the study. Purpose (non-probability) sampling
method was used to select the sample size of 85 operators/staffs in the
Nigerian Stock Exchange branch located in Port harcourt. The instrument used
for data collection was a 33-item questionnaire which was developed by the
researcher. Crombach's Alpha Reliability technique was used to establish the
reliability of the instrument used. Four (4) research question in this study
were analyzed using simple percentage, Pearson Product Moment Correlation
Coefficient was used to analyze null hypothesis one which was tested at 10%
level of confidence, simple regression was used to test a null hypothesis ..two
(2). Results indicated that there is a positive relationship between FDI,
increase in gross earnings percentage in shareholder's value and earning per share.
This shows that IFRS has a positive relationship with FDI. Results revealed in
the Regression indicated a coefficient of 0.384 which indicates a positive relationship
between IFRS and human resource operating system of a firm. Based on findings
and investment implication, it was recommended that firms in Nigeria should
adopted IFRS to create a conducive and reliable playing field for investors to
create wealth.
EKEMEZIE, C (2021). Impact Of International Financial Reporting Standard (IFRS) On Foreign Direct Investment Drive (FDI) In Nigeria (A Case Study Of Nigerian Stock Exchange (NSE) Branch Port Harcourt). Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-standard-ifrs-on-foreign-direct-investment-drive-fdi-in-nigeria-a-case-study-of-nigerian-stock-exchange-nse-branch-port-harcourt-7-2
C, EKEMEZIE. "Impact Of International Financial Reporting Standard (IFRS) On Foreign Direct Investment Drive (FDI) In Nigeria (A Case Study Of Nigerian Stock Exchange (NSE) Branch Port Harcourt)" Mouau.afribary.org. Mouau.afribary.org, 26 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-standard-ifrs-on-foreign-direct-investment-drive-fdi-in-nigeria-a-case-study-of-nigerian-stock-exchange-nse-branch-port-harcourt-7-2. Accessed 02 Nov. 2024.
C, EKEMEZIE. "Impact Of International Financial Reporting Standard (IFRS) On Foreign Direct Investment Drive (FDI) In Nigeria (A Case Study Of Nigerian Stock Exchange (NSE) Branch Port Harcourt)". Mouau.afribary.org, Mouau.afribary.org, 26 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-standard-ifrs-on-foreign-direct-investment-drive-fdi-in-nigeria-a-case-study-of-nigerian-stock-exchange-nse-branch-port-harcourt-7-2 >.
C, EKEMEZIE. "Impact Of International Financial Reporting Standard (IFRS) On Foreign Direct Investment Drive (FDI) In Nigeria (A Case Study Of Nigerian Stock Exchange (NSE) Branch Port Harcourt)" Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-international-financial-reporting-standard-ifrs-on-foreign-direct-investment-drive-fdi-in-nigeria-a-case-study-of-nigerian-stock-exchange-nse-branch-port-harcourt-7-2