Earnings Persistence in the Post-SAS Period: The Case of Listed Firms in Nigeria

Abstract

The adoption of International Financial Reporting Standards (IFRS) in Nigeria represents the major changes in the financial reporting system in recent time. On the basis of this change, this study investigates whether the transition Statement of Accounting Standards (SAS) to IFRS has resulted in higher earnings persistence among the listed firms in Nigeria. The study utilizes secondary data obtained from annual reports of sample firms listed on the Nigerian Stock Exchange (NSE) from 2007 to 2016 and employs panel regression for all the analysis. The findings from the regression analysis reveal that IFRS adoption did not engender higher persistence of earnings in the post-adoption period.