Original Research Article | OPEN ACCESS

Value Relevance of Accounting Information: The Moderating Effect of Timeliness

For correspondence:-    

Received: 28 Jan. 2018        Accepted: 23 March 2018        Published: 31 March 2018

Citation: Value Relevance of Accounting Information: The Moderating Effect of Timeliness. Account Tax Rev 2003; 2(1):122-135 doi:

© 2003 The authors.
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Abstract

This study focus on the impact of timeliness on the value relevance of accounting information using 17 companies listed on the Nigerian Stock Exchange during the period of 2011-2014.  In analysing the collected data, the panel data approach was applied. The findings of the study indicate that earnings per share has a positive though non-significant effect on market value, dividends has a negative though non-significant effect on market value, cash flow has a negative though non-significant effect on market value and book value of assets has a positive and significant effect on market value. The study concluded that stringent rules backed up by legislations that will enhance value relevance of accounting information should be implemented by policy makers. This will compel diligence, accountability and responsibility in preparation and application of accounting standards which will increase economic growth and investors’ confidence in Nigerian Stock Exchange.

Keywords: value relevance, earnings, dividends, market value, cash flow, book value of assets