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The Impact of IFRS Mandatory Adoption on the Performance of Saudi Banks

Author name : HELA TURKI EP KHROUF
Publication Date : 2024-01-23
Journal Name : WSEAS

Abstract

The study aims to determine the impact of IFRS mandatory application on financial and market
performance, in the Saudi Arabian banking sector for the period from 2012 to 2021. The results of this study
show that there is no relationship between the IFRS mandatory application and each of the rates, return on
equity, and return on assets, while there is an inverse relationship with earnings per share. In terms of the effect
on the market performance, the study concluded that there is no relationship between the IFRS mandatory
application and each of the volume and value of trading, and there is a positive relationship on the growth rate.
The study attributed these results to several reasons, the most important of which is the gradual application of
the IFRS, which was followed by Saudi Arabia, in accordance with strict executive procedures from the Saudi
Arabian Monetary Authority (SAMA)

Keywords

IFRS, mandatory adoption, financial performance, market performance, accounting information quality, Banks

Publication Link

https://wseas.com/journals/bae/2024/a965107-2365.pdf

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