International Journal of Business, Economics and Management

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No. 5

The Effects of Changes in Accounting Standards on Value Relevance of Financial Statement Information of Malaysia and Nigeria Banks

Pages: 135-156
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The Effects of Changes in Accounting Standards on Value Relevance of Financial Statement Information of Malaysia and Nigeria Banks

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DOI: 10.18488/journal.62/2015.2.5/68.5.135.156

Ugbede Onalo , Mohd Lizam , Ahmad Kaseri , Timothy O. Usman

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Ugbede Onalo , Mohd Lizam , Ahmad Kaseri , Timothy O. Usman (2015). The Effects of Changes in Accounting Standards on Value Relevance of Financial Statement Information of Malaysia and Nigeria Banks. International Journal of Business, Economics and Management, 2(5): 135-156. DOI: 10.18488/journal.62/2015.2.5/68.5.135.156
Dearth of studies on the association between IFRS and value relevance of financial statement information in emerging economies and the continuous exclusion of financial institutions from samples of prior studies motivated this study to acquire the banking sector of two emerging countries – Malaysia and Nigeria in order to investigate whether changes in Malaysia and Nigeria accounting standards affects value relevance of financial statement information. Hence, this study used a sample of 21 banks representing 8 Malaysian banks and 13 Nigerian banks for a study period of 4 years (2009-2012).  This study used a modified price and return models to investigate value relevance of financial statement information of Malaysia and Nigeria banks for an equal pre and post IFRS/MFRS adoption periods.  The study discovered that MFRS impact more significantly and positively on the value relevance of financial statement information of Malaysia banks than the previous FRS. However the different models evidenced different results for the Nigeria banks. Particularly, while some measurements of the price model demonstrated that Nigeria banks post IFRS adoption financial statement information is associated with high value relevance, other price model statistics proved directly opposite. The return model total indicators also evidenced that financial statement information value relevance of Nigeria banks got worsened post IFRS adoption. Overall this study concludes that IFRS-based standard is fundamental to producing and publishing high value relevant accounting information. Hence, this study recommends that globally, IFRS should be adopted as the standard for the preparation and reporting of financial statements. Nigeria banks should borrow leaf from the efficient and effective institutional regulatory framework and good corporate governance practices of Malaysia banks.
Contribution/ Originality
This study is one of very few studies which have investigated the value relevance of accounting information of emerging markets- Malaysia and Nigeria banks in the context of changes in accounting standards.

An Assessment of the Impact of Information Communication Technology (ICT) On the Administration of Public Records: A Case Study of the Bolgatanga Municipal Assembly in the Upper East Region of Ghana-West Africa

Pages: 120-134
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An Assessment of the Impact of Information Communication Technology (ICT) On the Administration of Public Records: A Case Study of the Bolgatanga Municipal Assembly in the Upper East Region of Ghana-West Africa

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Cite

DOI: 10.18488/journal.62/2015.2.5/68.5.120.134

Ruth Yinimi , Emmanuel Akanpaadgi

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Ruth Yinimi , Emmanuel Akanpaadgi (2015). An Assessment of the Impact of Information Communication Technology (ICT) On the Administration of Public Records: A Case Study of the Bolgatanga Municipal Assembly in the Upper East Region of Ghana-West Africa. International Journal of Business, Economics and Management, 2(5): 120-134. DOI: 10.18488/journal.62/2015.2.5/68.5.120.134
The study assessed the impact of Information Communication Technology (ICT) on the administration of public records in public institutions with the Bolgatanga Municipal Assembly as a case study. The researchers adopted both quantitative and qualitative research approaches. The data was gathered using a self-administered questionnaire as all the respondents are literates. The purposive sampling technique was used to select a sample size of forty-eight (48) staff of the Assembly. Simple descriptive statistics such as frequency tables and charts were employed in presenting the results after using Microsoft Excel to analyse the data. The research revealed that the type of ICT facilities being used by staff of the Assembly included computers, internet, telephones and fax machines. Majority of the respondents mentioned that staff usage of ICT facilities depended on whether they are ICT literates or not. Other factors mentioned were the availability of certain ICT facilities and knolwdege of their existence as a trigger to their usage. Finally, the results confirmed that indeed the use of ICT facilities had a positive impact on the administration of public records in the Bolgatanga Municipal Assembly. The benefits derived by the Assembly included; increased productivity, security of public records, personal development and easy communication among staff of the Assembly and between the Assembly and other organisations or individuals.
Contribution/ Originality