IFRS Adoption and CEO Compensation: Evidence from Listed Banks in Nigeria
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Abstract
Description
The study investigates the influence of International Financial Reporting Standards adoption,
using accounting performance measure, to determine the CEO pay in listed banks in Nigeria. The
audited annual financial statements of listed banks in Nigeria covering the period of 2009–2015
are analyzed. Fixed effect model, viz panel data analysis is adopted to establish the findings. The
findings indicate that adoption of IFRS in Nigeria results in an inverse relationship with
accounting performance in determining the CEO compensation after controlling for firm and
corporate governance mechanism. However, the adoption of IFRS shows significant positive
influence on the CEO pay. This result has policy implication, which encourages the regulatory
agencies like Central Bank of Nigeria to monitor the compliance of all banks in Nigeria to the
IFRS adoption.
Keywords
H Social Sciences (General), HF Commerce, HG Finance