VALUE RELEVANCE OF COMPLIANCE WITH RELATED PARTY DISCLOSURES (IAS 24) IN LISTED FINANCIAL SERVICES COMPANIES IN NIGERIA

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dc.contributor.authorHaolat Olaitan KOLAWOLE, B.Sc.Accounting (UNILORIN)en
dc.creatorHaolat Olaitan KOLAWOLE, B.Sc.Accounting (UNILORIN)en
dc.date.accessioned2023-09-22T09:56:37Z
dc.date.available2023-09-22T09:56:37Z
dc.date.issued2019-12-04en
dc.description.abstractFinancial report should provide necessary information on the operation and performance of entity that stakeholders can at any time relied on. The study seeks to know the value relevance of compliance with related party disclosures (IAS 24) in listed financial services companies in Nigeria. The population consisted of the 57 financial services companies listed on the Nigeria stock exchange as at 31 December 2017, while the sample size was 41 listed financial services companies in Nigeria. A period of six years was covered from 2012-2017. The source of data was secondary data. Correlational research design was adopted to examine how accounting numbers; book value per share and earnings per share together with compliance with the requirements of related party disclosures (IAS 24) affect share prices of listed financial services companies in Nigeria. Price model by Ohlson (1995) was used and data collected were analysed using pooled ordinary least square regression analysis. Findings from the analysis show that the coefficient of extensive/overall compliance is positive and statistically significant. Earning per share has a positive and significant relationship with market price per share both in high and low compliance model, but the coefficient is higher in high compliance than low compliance model. Also when compliance with related party disclosure is high, the relationship between book value per share and market price per share is positive and significant. Since under both high and low compliance, the market price per share will increase, Financial Reporting Council of Nigeria needs to ensure compliance with related party disclosures IAS 24 with stiff measures by establishing an evaluation system to monitor high and low compliance with the standard. A factual feedback mechanism should also be integrated within the financial sector for an appropriate signaling for inadequate compliance with standard.en
dc.identifier.urihttps://teras.ng/api/asset/document/cd450fb9-a92d-4f0c-b7ec-bed34fc38365en
dc.identifier.urihttps://teras.ng/catalog-item/c9785177-0de6-4897-ab9b-61edd1b25a21en
dc.identifier.urihttp://dspace.teras-network.net:4000/handle/123456789/31221
dc.publisherAhmadu Bello University Zariaen
dc.titleVALUE RELEVANCE OF COMPLIANCE WITH RELATED PARTY DISCLOSURES (IAS 24) IN LISTED FINANCIAL SERVICES COMPANIES IN NIGERIAen
dc.typePost Graduate Thesesen
thesis.degree.levelMastersen
thesis.matric.numberP16ADAC8084en
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