Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in Nigeria
In recent years, internal and external investors have lost confidence in Nigeria due to insecurity, energy (power), economic instability, and governance. Although the government is trying to overcome the menace, there are still unresolved issues in the aspect of the challenges above, which affect va...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Altezoro s.r.o. (Slovak Republic) and Publishing Center "Dialog" (Ukraine)
2023-08-01
|
| Series: | Traektoriâ Nauki |
| Subjects: | |
| Online Access: | https://pathofscience.org/index.php/ps/article/view/2843 |
| _version_ | 1797621073604247552 |
|---|---|
| author | Muhammad Abdul Abubakar Saidu Adamu Isa Usman |
| author_facet | Muhammad Abdul Abubakar Saidu Adamu Isa Usman |
| author_sort | Muhammad Abdul Abubakar |
| collection | DOAJ |
| description | In recent years, internal and external investors have lost confidence in Nigeria due to insecurity, energy (power), economic instability, and governance. Although the government is trying to overcome the menace, there are still unresolved issues in the aspect of the challenges above, which affect value relevance and accounting information in ensuring the perpetual existence of companies in Nigeria. As such, the study examined the value relevance of accounting information of listed conglomerate companies in Nigeria. The study population comprises six companies: UAC Nigeria Plc, Chellarams Plc, SCOA Nigeria Plc, John Holt Plc, Transnational Corporation of Nigeria Plc, and Custodian Investment Plc. The data was extracted from their annual report and accounts. Descriptive statistics correlation regression was conducted in the study. The result shows that return on share price has a significant negative relationship with dividend per share. The study recommends that standards comply in reporting and disclosing all accounting information in the published financial statement to maintain value relevance and attract more investors. |
| first_indexed | 2024-03-11T08:50:30Z |
| format | Article |
| id | doaj.art-161745ebb4364905b2a432040113dd86 |
| institution | Directory Open Access Journal |
| issn | 2413-9009 |
| language | English |
| last_indexed | 2024-03-11T08:50:30Z |
| publishDate | 2023-08-01 |
| publisher | Altezoro s.r.o. (Slovak Republic) and Publishing Center "Dialog" (Ukraine) |
| record_format | Article |
| series | Traektoriâ Nauki |
| spelling | doaj.art-161745ebb4364905b2a432040113dd862023-11-16T20:27:36ZengAltezoro s.r.o. (Slovak Republic) and Publishing Center "Dialog" (Ukraine)Traektoriâ Nauki2413-90092023-08-01983026303210.22178/pos.95-181022Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in NigeriaMuhammad Abdul Abubakar0Saidu Adamu1Isa Usman2Modibbo Adama University, YolaFederal University of KashereGombe State UniversityIn recent years, internal and external investors have lost confidence in Nigeria due to insecurity, energy (power), economic instability, and governance. Although the government is trying to overcome the menace, there are still unresolved issues in the aspect of the challenges above, which affect value relevance and accounting information in ensuring the perpetual existence of companies in Nigeria. As such, the study examined the value relevance of accounting information of listed conglomerate companies in Nigeria. The study population comprises six companies: UAC Nigeria Plc, Chellarams Plc, SCOA Nigeria Plc, John Holt Plc, Transnational Corporation of Nigeria Plc, and Custodian Investment Plc. The data was extracted from their annual report and accounts. Descriptive statistics correlation regression was conducted in the study. The result shows that return on share price has a significant negative relationship with dividend per share. The study recommends that standards comply in reporting and disclosing all accounting information in the published financial statement to maintain value relevance and attract more investors.https://pathofscience.org/index.php/ps/article/view/2843dividend per shareearnings per sharereturns on share price |
| spellingShingle | Muhammad Abdul Abubakar Saidu Adamu Isa Usman Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in Nigeria Traektoriâ Nauki dividend per share earnings per share returns on share price |
| title | Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in Nigeria |
| title_full | Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in Nigeria |
| title_fullStr | Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in Nigeria |
| title_full_unstemmed | Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in Nigeria |
| title_short | Value Relevance of Accounting Information: Empirical Evidence from Listed Conglomerate Firms in Nigeria |
| title_sort | value relevance of accounting information empirical evidence from listed conglomerate firms in nigeria |
| topic | dividend per share earnings per share returns on share price |
| url | https://pathofscience.org/index.php/ps/article/view/2843 |
| work_keys_str_mv | AT muhammadabdulabubakar valuerelevanceofaccountinginformationempiricalevidencefromlistedconglomeratefirmsinnigeria AT saiduadamu valuerelevanceofaccountinginformationempiricalevidencefromlistedconglomeratefirmsinnigeria AT isausman valuerelevanceofaccountinginformationempiricalevidencefromlistedconglomeratefirmsinnigeria |