Browsing by Author "Tchouaken Monkam, Marie Gisele"

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    The Impact of IFRS 15 Adoption on the Financial Performance of JSE-Listed Companies in South Africa
    (University of the Witwatersrand, Johannesburg, 2022) Tchouaken Monkam, Marie Gisele; Alovokpinhou, Sedjro Aaron
    This study investigates whether the adoption of the IFRS 15 standard has influenced the financial performance of firms listed on the Johannesburg Stock Exchange (JSE). The study analysed a sample of 188 firms from 2015 to 2020, using descriptive statistics, correlation and regression analysis to estimate the results. To establish the impact that the IFRS 15 standard has on real returns on equity and return on assets, while controlling other covariates, a Pooled OLS regression and a dynamic panel-GMM analysis were conducted. The IFRS 15 standard was measured as a dummy variable, while the financial performance was measured using accounting measures: Return on Assets (ROA) and Return on Equity (ROE). Endogeneity issues were addressed, and data analysis was performed on an unbalanced panel using the panel pooled OLS and two-step system GMM. The results revealed that the implementation of the IFRS 15 standard in 2018 had a significant impact, either negative or positive, on the financial performance of firms listed on JSE. This suggests that the introduction of new accounting standards impacts the financial performance (ROA, ROE) of companies listed on the JSE