International records / OpenAlex research

Accounting Numbers and Stock Prices in the Nigerian Stock Market

This research is motivated to study the extent to which accounting information summarizes stock prices in Nigerian stock market as an indicator of value relevance.Piece of accounting data is termed value relevant if it is significantly related to the dependent variable, which may be expressed by the stock price.The methods used for gauging information contents of various accounting numbers were Ordinary Least Squared (OLS), Random Effects Model (REM), and Fixed Effects Model (FEM).The findings show that there is a significant relationship between accounting information and share prices of comp…