The Impact of IFRS 15 Adoption on the Financial Performance of JSE-Listed Companies in South Africa
| dc.contributor.author | Tchouaken Monkam, Marie Gisele | |
| dc.contributor.supervisor | Alovokpinhou, Sedjro Aaron | |
| dc.date.accessioned | 2024-08-01T13:30:30Z | |
| dc.date.available | 2024-08-01T13:30:30Z | |
| dc.date.issued | 2022 | |
| dc.description | A research report submitted in partial fulfillment of the requirements for the degree of Master of Management in Finance and Investment to the Faculty of Commerce, Law and Management, Wits Business School, University of the Witwatersrand, Johannesburg, 2022 | |
| dc.description.abstract | 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 | |
| dc.description.submitter | MM2024 | |
| dc.faculty | Faculty of Commerce, Law and Management | |
| dc.identifier.citation | Tchouaken Monkam, Marie Gisele. (2022). The Impact of IFRS 15 Adoption on the Financial Performance of JSE-Listed Companies in South Africa [Master’s dissertation, University of the Witwatersrand, Johannesburg]. WireDSpace. https://hdl.handle.net/10539/39935 | |
| dc.identifier.uri | https://hdl.handle.net/10539/39935 | |
| dc.language.iso | en | |
| dc.publisher | University of the Witwatersrand, Johannesburg | |
| dc.rights | © 2022 University of the Witwatersrand, Johannesburg. All rights reserved. The copyright in this work vests in the University of the Witwatersrand, Johannesburg. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of University of the Witwatersrand, Johannesburg. | |
| dc.rights.holder | University of the Witwatersrand, Johannesburg | |
| dc.school | WITS Business School | |
| dc.subject | Financial performance | |
| dc.subject | IFRS15 adoption | |
| dc.subject | DID model | |
| dc.subject | Macroeconomic factors | |
| dc.subject | JSE. JEL Classification E62 | |
| dc.subject | G30 | |
| dc.subject | B26 | |
| dc.subject | UCTD | |
| dc.subject.other | SDG-8: Decent work and economic growth | |
| dc.title | The Impact of IFRS 15 Adoption on the Financial Performance of JSE-Listed Companies in South Africa | |
| dc.type | Dissertation |