For correspondence:-
Published: 01 January 2019
Citation: Influence of Accounting Information on Stock Price Volatility in Nigeria. Account Tax Rev 2003; 2(4):113-124 doi:
© 2003 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..
Abstract
This study investigatesthe influence of accounting information on stock price volatility in Nigeria. The cross-sectional research design technique was adopted in the study. The population of the study consists of 186 companies listed on the Nigerian Stock Exchange as at 31st December, 2017, from which a sample size of twenty two (22) companies wasdetermined judgmentally and selected using the simple random sampling technique. The secondary source of data collection method was used to generate data from the twenty two (22) annual reports and accounts of the sampled companies for a period of five years (2013- 2017). Data generated from the annual reports and accounts were analyzed using descriptive statistic and Ordinary Least Square (OLS) regression. Our findings revealed that earnings per share and dividend per share have a negative and significant effect on stock prices while book value per share has a positive and significant effect on stock prices in Nigeria. The study therefore recommends that corporate accounting information disclosure should be more transparent, timely, and informative for investors’ to have improved confidence in accounting information presented by management for informed decision making
Fulltext in PDF