Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/26962
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Eriabie, Sylvester | - |
dc.contributor.author | Egbide, Ben-Caleb | - |
dc.date.accessioned | 2018-02-19T13:57:24Z | - |
dc.date.available | 2018-02-19T13:57:24Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | Eriabie, S., & Egbide, B. (2016). Accounting information and share prices in the food and beverage, and conglomerate sub-sectors of the Nigerian stock exchange. Journal of Accounting, Finance and Auditing Studies, 2(3), 292-306. | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/26962 | - |
dc.description.abstract | The main objective of the study is to examine whether accounting information is value relevant in both the food and beverage, and the conglomerate subsectors of the Nigerian Stock Exchange (NSE). The study also compared the value relevance of accounting information for both sectors. A random sample of seven companies was selected from a total population of thirteen companies listed in the Food and Beverage subsector of the NSE. The study also took a random sample of another seven companies in the conglomerate subsector. Data were gathered from these companies for the period 2005 to 2014. Using the Ohlson (1995) model and the multiple regression method, we found that market price per share (MPS) is positively, but insignificantly related to book value per share (BVPS) and earnings per share (EPS) in the conglomerate sub sector. On the other hand, for food and beverage sub sector, MPS is positively and significantly related to BVPS and EPS. Accounting information is more value relevant in the food and beverage subsector than the conglomerate subsector as shown by the adjusted R2 of 0.89 for Food and Beverage subsector and 0.15 for the conglomerate sub sector. We recommended that accounting rules should be more sector-specific, and monitoring should be taken more seriously in the conglomerate subsector to enhance value relevance of accounting information in NSE. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | Ahmet Gökgöz | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Stock exchanges -- Nigeria | en_GB |
dc.subject | Food industry and trade -- Nigeria | en_GB |
dc.subject | Value | en_GB |
dc.subject | Stocks -- Prices | en_GB |
dc.subject | Accounting -- Data processing | en_GB |
dc.title | Accounting information and share prices in the food and beverage, and conglomerate sub-sectors of the Nigerian stock exchange | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | Journal of Accounting, Finance and Auditing Studies | en_GB |
Appears in Collections: | Journal of Accounting, Finance and Auditing Studies, Volume 2, Issue 3 Journal of Accounting, Finance and Auditing Studies, Volume 2, Issue 3 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Accounting_information_and_share_prices_in_the_food_and_beverage_and_conglomerate_2016.pdf | 351 kB | Adobe PDF | View/Open |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.