Egiyi, Modesta Amaka (2021) Value-Relevance of Accounting Information in the Nigerian Stock Exchange. Global Journal of Finance and Business Review, 4 (2). pp. 19-28. ISSN 1694-450X
Full text not available from this repository.Abstract
The study investigates the value relevance of accounting information in the Nigerian Stock Exchange. The hypotheses were linearly modelled while adopting the pooled mean group estimation. The findings support the inputs-to-equity valuation theory that highlights the ability of accounting information to provide information on inputs to valuation models that investors use to value enterprises by revealing a significant relationship between earnings per share, dividend per share, and brand assets (intangible assets), and share prices in the companies being sampled. The findings reveal that accounting information is relevant in the Nigerian stock exchange. Given the significant impact of earnings per share, dividend per share, and brand assets (intangible assets), on share prices, the study thus recommends that accounting standard setters should work toward improving the quality of accounting information in Nigeria for investment decisions. It also recommends that policymakers increase the source credibility of intangible assets by developing better accounting standards for including internally generated intangible assets.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 22 Aug 2022 06:34 |
| Last Modified: | 22 Aug 2022 06:34 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/3586 |
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