THE INFLUENCE OF FIRM ATTRIBUTES ON IFRS ADOPTION IN FAMILY-OWNED LISTED COMPANIES IN NIGERIA

This study examines the effect of corporate characteristics on International Financial Reporting Standards (IFRS) compliance among listed family-owned businesses in Nigeria. Using secondary data, the research focuses on 33 purposively selected family-owned firms listed on the Nigerian Exchange Group, with unbalanced panel data spanning 2012–2021. Data were analyzed using descriptive statistics and panel regression techniques. Findings indicate that board gender diversity positively influences IFRS compliance, while auditor type significantly affects the extent of compliance. Conversely, firm leverage was found to negatively impact IFRS adherence among family-owned businesses. The study concludes that corporate characteristics play a significant role in shaping IFRS compliance in the Nigerian context. Policy implications are drawn for accounting standard setters, including the Financial Reporting Council of Nigeria and the International Accounting Standards Board (IASB), highlighting the need to consider corporate governance and firm structure in promoting compliance with international financial reporting standards.