Jimoh Jafaru
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Value relevance of financial statements and share price: a study of listed banks in Nigeria
Olubukola Ranti Uwuigbe , Uwalomwa Uwuigbe , Jimoh Jafaru , Ebeguki Edith Igbinoba , Olufemi Adebayo Oladipo doi: http://dx.doi.org/10.21511/bbs.11(4-1).2016.04Banks and Bank Systems Volume 11, 2016 Issue #4 (cont.) pp. 135-143
Views: 1453 Downloads: 742 TO CITEThis paper examined the effects of value relevance of financial statements on firms share price in Nigeria. In achieving the objectives of this research, the fact book from the Nigerian Stock Exchange Market and the audited financial statement of listed banks spanning the period 2010-2014 were used. Also, a total of 15 listed banks in the Nigerian stock exchange market were selected and analyzed for the study using the purposive sampling method. However, in analyzing the research hypotheses, the study adopted the use of both descriptive statistics and the use of Fixed Effects Panel data method of data analysis technique. Findings from the study showed that a significant positive relationship existed between earnings per share (EPS) and Last day share price (LDSP). The study recommends the need for banks in the country to improve on the quality of earnings reported, since it has a stronger ability to explaining share prices of firm.
Keywords: value relevance, financial statements, Nigerian, earnings per share, last day share, price, book value per share, accounting information.
JEL Classification: M41, G21 -
IFRS adoption and earnings predictability: evidence from listed banks in Nigeria
Uwalomwa Uwuigbe , Agba Love Uyoyoghene , Jimoh Jafaru , Olubukola Ranti Uwuigbe , Rehimetu Jimoh doi: http://dx.doi.org/10.21511/bbs.12(1-1).2017.10Banks and Bank Systems Volume 12, 2017 Issue #1 (cont.) pp. 166-174
Views: 1808 Downloads: 981 TO CITE АНОТАЦІЯThe quality of financial report and the extent to which investors rely on them to forecast future earnings is dependent on the accounting standards employed. The impact of IFRS adoption on earnings predictability of listed banks in Nigeria was examined in this study considering a sample of 11 listed banks in Nigeria. Categorically, data were obtained from the financial statement 2013 to 2014 (post-adoption period) and 2010 to 2011 (pre-adoption period). The data obtained were analyzed using regression on the Statistical Package for Social Sciences (SPSS). The study found a decrease in the ability of current earnings to predict future earnings after the adoption period. Thus, IFRS adoption has a negative impact on earnings predictability. The study further suggested that regulatory bodies of the banking sector should enforce strict adherence to IFRS procedures and principles, as well as put in place measures that will improve investors’ protection.
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