Does value relevance drive better accounting data by adopting International Financial Reporting Standards? Evidence from Fan Milk Ghana Ltd

Authors

  • Benjamin Yeboah Kumasi Technical University
  • Debrah Ofori University of Education, Winneba, Ghana
  • Samuel Addo-Paintsil Kumasi Technical University
  • Charlotte Kwarteng Ananiampong University of Education, Winneba, Ghana

Keywords:

accounting data, IFRS, value relevance, Fan Milk Ghana Ltd

Abstract

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.

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Published

2020-09-30

How to Cite

Yeboah, B., Ofori, D., Addo-Paintsil, S., & Ananiampong, C. K. (2020). Does value relevance drive better accounting data by adopting International Financial Reporting Standards? Evidence from Fan Milk Ghana Ltd. ADRRI Journal of Arts and Social Sciences, 17(6(5), 1-21. Retrieved from https://journals.adrri.org/index.php/adrrijass/article/view/540