Effect of Accounting Information on Share Price of Quoted Banks in Nigeria

Nwadialor Eugene Okoye; Meka Azuka Gloria

Title:
Effect of Accounting Information on Share Price of Quoted Banks in Nigeria

Authors:
Meka Azuka Gloria | Nwadialor Eugene Okoye
DOI:
https://doi.org/10.31142/ijtsrd19073

Cite This Article :

Meka Azuka Gloria | Nwadialor Eugene Okoye "Effect of Accounting Information on Share Price of Quoted Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-1, December 2018, pp.733-742, URL: https://www.ijtsrd.com/papers/ijtsrd19073.pdf

Download

Abstract :
It is important for the investors to have a good understanding of the financial position of a company in other to make sound investment decisions. This study examined the relationship between accounting information and share price of quoted commercial banks in Nigeria for 10 years from 2007 to 2016. Ex-post facto research design was adopted and the data collected were analyzed using descriptive statistic, correlation and regression analysis. The study findings revealed that earnings per share and capital employed per share have positive and strong significant influence on share price of quoted banks in Nigeria. The study recommends the introduction of sector wise index which will help Investors to analyze the company’s overall characteristics when making investment decisions, this is because the effects of accounting information on share price depends on both the firms and industry’s overall characteristics.

Keywords :
Accounting Information, Earnings, Capital employed, Operating income and Share Price

Publication Details:

Unique Identification Number : IJTSRD19073

Published In : Volume-3 | Issue-1, December 2018

Page Number(s) : 733-742

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

About IJTSRD
Indexing

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.