ABSTRACT: This study investigates the value relevance of accounting data in the Nigerian
Stock Market. The primary objective of the study is to determine if there is a relationship
between accounting numbers and share prices in the Nigeria Stock Market. The value
relevance of accounting data was measured by the correlation coefficient between stock
prices and some accounting numbers. In an attempt to estimate the model, linear regression
was used. While there has been a number of studies on this topic in the developed countries,
at the time of this work, no extensive study in Nigeria, based on existing knowledge has
explored the subject. The results show that accounting information has ability to capture or
summarize information that affects equity value and there is relation between accounting
numbers and share prices in the Nigerian Stock Market.
TIMILEHIN SEYI, O., Austine, D , Enofe, O , Asiriuwa, O & Ashafoke, T (2021). Value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse. Afribary. Retrieved from https://afribary.com/works/value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse
TIMILEHIN SEYI, OGUNSAKIN, et. al. "Value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse" Afribary. Afribary, 07 Sep. 2021, https://afribary.com/works/value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse. Accessed 19 Sep. 2021.
TIMILEHIN SEYI, OGUNSAKIN, Dr. Austine , O. Enofe , Osariemen Asiriuwa and Tina Ashafoke . "Value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse". Afribary, Afribary, 07 Sep. 2021. Web. 19 Sep. 2021. < https://afribary.com/works/value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse >.
TIMILEHIN SEYI, OGUNSAKIN, Dr. Austine , O. Enofe , Osariemen Asiriuwa and Tina Ashafoke . "Value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse" Afribary (2021). Accessed September 19, 2021. https://afribary.com/works/value-relevance-of-accounting-information-in-the-banking-subsector-of-the-nigeria-stock-exchange-nse