Does value relevance drive better accounting data by adopting International Financial Reporting Standards? Evidence from Fan Milk Ghana Ltd
Keywords:accounting data, IFRS, value relevance, Fan Milk Ghana Ltd
This paper focuses on examining the value relevant relationship between accounting data and the IFRS adoption in a data of Fan Milk Ghana Ltd. We employ the ordinary least squares regression technique in testing the relationship between accounting data and IFRS adoption. The analysis of data collected evidence and show that, overall results under IFRS implementation of Fan Milk Ltd depict a quality information content of earnings and dividend to explain their share prices. This paper is limited to data availability of several firms. The findings would be of interest to those charged with governance of Fan Milk and other manufacturing firms in Ghana that have adopted IFRS.