Accounting Quality and Terms of Debt: Evidence from International Financial Reporting Standard (IFRS) Firms in Nigeria

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dc.creatorKaka, Dautari Paul
dc.creatorMicah Leyira .Christain
dc.date2021-09-25
dc.date.accessioned2023-08-21T05:09:34Z
dc.date.available2023-08-21T05:09:34Z
dc.descriptionInformation asymmetry has been identified to play significant role of influencing lending with better conditions to the advantage of the borrower. As the assertion is rapidly gaining theoretical acceptance, this empirical research performs investigation into the association between accounting quality and terms of debt across five manufacturing enterprises. With data sourced and computed from their various annual financial statements over the period 2011-2020, the study adopts balanced panel data technique. Each model ranging from pooled Ordinary Least Square (POLS), Fixed and Radom Effects estimators are employed in the analysis. In selecting the appropriate model, Hausman test could not reject the null hypothesis indicating the acceptance of Random Effect estimates. The Generalized Least Square result reveals violation of a priori expectation based on sign in all the betas. Specifically, accruals, balance sheet bloat and firm size are positively associated with percentage of secured debt, however the impact is statistically insignificant. For balance sheet bloat; biasing of information through bloat is consistent with information asymmetry theory which leads to adverse selection problemen-US
dc.formatapplication/pdf
dc.identifierhttps://globalresearchnetwork.us/index.php/ajebm/article/view/554
dc.identifier10.31150/ajebm.v4i7.554
dc.identifier.urihttp://dspace.umsida.ac.id/handle/123456789/8889
dc.languageeng
dc.publisher"GLOBAL RESEARCH NETWORK" LLC (USA)en-US
dc.relationhttps://globalresearchnetwork.us/index.php/ajebm/article/view/554/457
dc.rightsCopyright (c) 2021 Kaka, Dautari Paul , Micah Leyira .Christainen-US
dc.rightshttps://creativecommons.org/licenses/by/4.0en-US
dc.sourceAmerican Journal of Economics and Business Management; Vol. 4 No. 7 (2021): AJEBM; 34-63en-US
dc.source2576-5973
dc.source10.31150/ajebm.v4i7
dc.subjectEnterprisesen-US
dc.subjectPOLSen-US
dc.subjectCashflowen-US
dc.subjectFixed and Radom Effectsen-US
dc.titleAccounting Quality and Terms of Debt: Evidence from International Financial Reporting Standard (IFRS) Firms in Nigeriaen-US
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.typePeer-reviewed Articleen-US
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