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Impact of Accounting Information and Market Shareprices of Deposit Money Banks in Nigeria

Author

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  • Ajagun Olusegun Peter

    (Accounting, Lagos State University, Ojo)

  • Adeyemi Babatunde Sulaiman

    (Accounting, Lagos State University, Ojo)

  • Odukoya Olaniyi Olalekan

    (Accounting, Lagos State University, Ojo)

Abstract

This study examined the effect of Predictability of accounting information on share prices of quoted deposit money banks in Nigeria. Ex-post facto research design was employed for the study. The population of the study was Ten (10) Deposit Money Bank listed on the Nigerian Stock Exchange (NSE). The study adopted total enumeration. Data were obtained from published annual reports of the sampled banks. The data were analyzed using descriptive and inferential (Regression) statistics. However, the results of the descriptive analysis showed negative minimum values of the performance indices. The result of the regression analysis showed the positive effect of Book Value (BV) on market share price (MSP) of selected deposit money banks in Nigeria (β1=1.03>0, t= 6.94, P=0.000, R2= 0.13). ROA has positive effect on MSP. This result is consistent with a priori expectations that ROA have positives effect on MSP. The study concluded that, Book Value (BV) have a positive effect on share price meanwhile return on assets have a negative effect on share price. However, the study recommended that investors and other stakeholders should be cognizance of the negative impact of return on asset as it affect share price.

Suggested Citation

  • Ajagun Olusegun Peter & Adeyemi Babatunde Sulaiman & Odukoya Olaniyi Olalekan, 2025. "Impact of Accounting Information and Market Shareprices of Deposit Money Banks in Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(4), pages 722-735, April.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:4:p:722-735
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