Effect of Accounting Information on Market Share Price of Selected Firms Listed on Nigeria Stock Exchange

International Journal of Recent Advances in Multidisciplinary Research Vol. 05, Issue 01, pp.3366-3374, January, 2018

9 Pages Posted: 22 Feb 2018

See all articles by Nestor Amahalu

Nestor Amahalu

Nnamdi Azikiwe University - Department of Accountancy

Mary-Fidelis Chidoziem Abiahu

Nnamdi Azikiwe University - Department of Accountancy

Obi Chinyere

University of Nigeria Enugu Campus

Chike Nweze

Nnamdi Azikiwe University - Department of Accountancy

Multiple version iconThere are 3 versions of this paper

Date Written: January 30, 2018

Abstract

The main objective of this study is to ascertain the effect of Accounting Information on Market Share Price of Information, Communication and Technology (ICT) firms listed on Nigeria Stock Exchange. The specific objectives are to ascertain the effect or otherwise of Dividend per share, Earnings per Share and Return on Equity on Market Share price of ICT firms listed on the floor of Nigeria Stock Exchange from 2010-2016. Ex-post fact research design was used for this study. Secondary data were sourced from the publications of Nigeria stock exchange. Inferential statistics of the hypotheses were carried out with the aid of E-view 9.0 statistical software using Co-efficient of correlation and Simple Linear Regression (SLR) analysis. Findings of this study shows that Dividend per Share, Earnings per Share and Return on Equity has a positive and statistically significant effect on Market Share Price 5% significance level. It is recommended among others that since accounting variables have significant influence on market share price, there should be better accounting information disclosure and improved quality financial reporting by ICT firms in Nigeria.

Keywords: Accounting Information, Share Price, Investment Decision

JEL Classification: M40

Suggested Citation

Amahalu, Nestor and Abiahu, Mary-Fidelis Chidoziem and Obi, Juliet and Nweze, Chike, Effect of Accounting Information on Market Share Price of Selected Firms Listed on Nigeria Stock Exchange (January 30, 2018). International Journal of Recent Advances in Multidisciplinary Research Vol. 05, Issue 01, pp.3366-3374, January, 2018, Available at SSRN: https://ssrn.com/abstract=3125258

Nestor Amahalu

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria
+2348063393668 (Phone)

Mary-Fidelis Chidoziem Abiahu (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

Juliet Obi

University of Nigeria Enugu Campus ( email )

Department of Accountancy
Box 15540, Enugu
Enugu, NC Enugu 234
Nigeria

Chike Nweze

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

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