Abstract:

This study determined the value relevance of assets and liabilities after the adoption of IFRS among listed Nigerian firms. Ohlson Model (1995) model of stock price regressions tested the relationship between assets and liabilities with the stock price, which has been widely adopted by accounting researchers. A sample of 126 firms listed in Nigeria stock market is used for the study. Data is collected from Thomson Reuters and Bank Scope Data Streams for non-financial and financial firms, respectively. The findings provide empirical evidence, established on unique Nigerian environment, statistical significance difference on the value relevance of assets, and liabilities prepared and disclosed under IFRS. Robustness test, as well as yearly trend analysis, produce collaborating evidence. The significance of the study’s findings presents statistical significance value relevance increase based on the unique Nigerian adoption of IFRS as an emerging market.  

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