Effect of Accounting Information on Market Share Price of Selected Firms Listed on Nigeria Stock Exchange
International Journal of Recent Advances in Multidisciplinary Research, 5(1), 3366-3374, 2018
9 Pages Posted: 21 Feb 2018
Date Written: February 18, 2018
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 the Market Share price of ICT firms listed on the floor of Nigeria Stock Exchange from 2010-2016. The ex-post facto 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 show 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, Market Share Price, Earnings per Share
JEL Classification: M41, M42, M53
Suggested Citation: Suggested Citation