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Accounting Information Relevance and Investor’s Decision in Nigerian Equity Market (2008-2014)

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  • Mayaki Adeolu Thompson

    (Obafemi Awolowo University Akure, Ondo State, Nigeria)

Abstract

This study examines the relationship between accounting information relevance and investment decision. This is with a view to providing information on the relationship between accounting information relevance and investment decision in Nigerian Equity Market. The study used secondary data. The population consists of all investors in 200 firms quoted on the floor of Nigeria Stock Exchange. Purposive sampling technique was used in selecting 40 firms that were fully in operation during the period 2008-2014. Simple random sampling technique was used to select five investors from each firm totaling 200 investors. Secondary data on variables such as earning per share, dividend per share, price earnings ratio and earning yield were obtained from Annual Reports and accounts of sampled quoted firms in the Nigerian Stock Exchange and Factsbook for the period 2008-2014. The data obtained were analyzed using descriptive and inferential statistics. The findings showed that there is a significant positive relationship between accounting information and investment decision in Nigerian equity market. (t=1.607757; p=

Suggested Citation

  • Mayaki Adeolu Thompson, 2024. "Accounting Information Relevance and Investor’s Decision in Nigerian Equity Market (2008-2014)," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(9), pages 289-297, September.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:9:p:289-297
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    References listed on IDEAS

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    1. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
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