Value Relevance Of The Information Content Of Ifrs4 In Insurance Contracts Of Listed Insurance Firms In Nigeria

📄 Project Abstract

Accounting standards improvements have been recognized as a fundamental pillar of many economic developments aimed at assuring the more effective operation of capital markets. In the light of this, the implementation of IFRS in the insurance business is intended to ensure that financial reports are consistent with global best practices. Regulators and investors have expressed concern about the decline invalue of publicly traded insurance companies in Nigeria.The major objective of the study is to investigate the value relevance of compliance with insurance contracts disclosure (IFRS 4) of listed insurance companies in Nigeria between 2012 to 2020 using ex-post facto research design. The sample of 15 companies were sampled from the population of 26 insurance companies publicly traded on the Nigerian Stock Exchange(NSE) as of December 31, 2020. The study utilized the Ohlson model and robust ordinary least square regression for as technique for data analysis. The study found that EPS has ...