The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks

This study was conceived to investigate the extent of relationship between accounting numbers and market values of listed Deposit Money Banks (DMBs) in Nigeria using the Easton and Harris model. Accounting information data were collected from the published financial statements of the sampled DMBs an...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Siyanbola Akeem Adetunji
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2016
Materias:	value relevance accounting information easton and harris Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/679232087a97466283635d9b861eb72e
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:679232087a97466283635d9b861eb72e
record_format	dspace
spelling	oai:doaj.org-article:679232087a97466283635d9b861eb72e2021-12-02T14:35:45ZThe value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks2331-197510.1080/23311975.2016.1210276https://doaj.org/article/679232087a97466283635d9b861eb72e2016-12-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2016.1210276https://doaj.org/toc/2331-1975This study was conceived to investigate the extent of relationship between accounting numbers and market values of listed Deposit Money Banks (DMBs) in Nigeria using the Easton and Harris model. Accounting information data were collected from the published financial statements of the sampled DMBs and the market value data were gathered through official daily list of the Nigerian Stock Exchange over a period of nine years (2004–2012). Multivariate regression was used to test the hypothesis of the study. The study established that accounting information of DMBs in Nigeria is value relevant. Though the result established value relevance of accounting information, however, earnings which is reputed to be the most value-relevant account information for financial services firms was found to be irrelevant as its coefficients and p-value were small and insignificant. The study recommends that the management of DMBs in Nigeria should improve on their earnings as doing so will prevent recurrence of stock market crisis of 2008 and 2009.Siyanbola Akeem AdetunjiTaylor & Francis Grouparticlevalue relevanceaccounting informationeaston and harrisBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 3, Iss 1 (2016)
institution	DOAJ
collection	DOAJ
language	EN
topic	value relevance accounting information easton and harris Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	value relevance accounting information easton and harris Business HF5001-6182 Management. Industrial management HD28-70 Siyanbola Akeem Adetunji The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks
description	This study was conceived to investigate the extent of relationship between accounting numbers and market values of listed Deposit Money Banks (DMBs) in Nigeria using the Easton and Harris model. Accounting information data were collected from the published financial statements of the sampled DMBs and the market value data were gathered through official daily list of the Nigerian Stock Exchange over a period of nine years (2004–2012). Multivariate regression was used to test the hypothesis of the study. The study established that accounting information of DMBs in Nigeria is value relevant. Though the result established value relevance of accounting information, however, earnings which is reputed to be the most value-relevant account information for financial services firms was found to be irrelevant as its coefficients and p-value were small and insignificant. The study recommends that the management of DMBs in Nigeria should improve on their earnings as doing so will prevent recurrence of stock market crisis of 2008 and 2009.
format	article
author	Siyanbola Akeem Adetunji
author_facet	Siyanbola Akeem Adetunji
author_sort	Siyanbola Akeem Adetunji
title	The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks
title_short	The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks
title_full	The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks
title_fullStr	The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks
title_full_unstemmed	The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks
title_sort	value relevance of earnings in the return–earnings relation in the nigerian deposit money banks
publisher	Taylor & Francis Group
publishDate	2016
url	https://doaj.org/article/679232087a97466283635d9b861eb72e
work_keys_str_mv	AT siyanbolaakeemadetunji thevaluerelevanceofearningsinthereturnearningsrelationinthenigeriandepositmoneybanks AT siyanbolaakeemadetunji valuerelevanceofearningsinthereturnearningsrelationinthenigeriandepositmoneybanks
_version_	1718391076953260032

The value relevance of earnings in the return–earnings relation in the Nigerian Deposit Money Banks

Ejemplares similares