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Value relevance of Financial Statements Information: Evidence from listed firms in Kenya

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  • Melissa A. Nyabundi

Abstract

This study examined the relationship between share prices and dividends, earnings and book values for companies listed on the Nairobi Securities Exchange (NSE) in Kenya for the six years period between 2005 and 2010. Using panel data analysis the study found evidence that there is a positive and significant relationship between stock prices and dividends, earnings and book values for the firms listed on the NSE. The study established that dividends have more explanatory power compared to earnings and book values.

Suggested Citation

  • Melissa A. Nyabundi, 2013. "Value relevance of Financial Statements Information: Evidence from listed firms in Kenya," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 3(1), pages 1-9.
    • Handle: RePEc:spt:admaec:v:3:y:2013:i:1:f:3_1_9
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    Cited by:

    1. Meena Bhatia & Mwila J. Mulenga, 2019. "Value Relevance of Accounting Information: A Review of Empirical Evidence Across Continents," Jindal Journal of Business Research, , vol. 8(2), pages 179-193, December.

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