Share Valuation and Stock Market Analysis in Emerging Markets

Most previous studies which have examined the equity
investment and share valuation process have been
undertaken for the large and sophisticated capital
markets of developed countries. Very little
attention has been paid to this process in emerging
stock markets; research on the Nigerian stock market
has remained especially limited. The limited
research that has been undertaken for the Nigerian
stock market has focused on small samples of data,
studied a short time horizon and analysed relatively
few equities. This book should help shed some lights
on the information efficiency of the Nigerian stock
market and should also illuminate the share
valuation practices adopted by investors when they
price Nigerian equities. It is especially of
interest to foreign and local investors who may be
contemplating investing in this market and to
regulators and government authorities who are
seeking to attract foreign investors into the
country. Finally, it is of interest to the stock
brokers, fund managers & accounting profession
since it provides some insights about the level and
quality of disclosures in company reports which
investors find useful.

Autorentext

Bashir Tijjani, PhD: Obtained his doctorate in Finance from theUniversity of Dundee (UK). He is currently a senior lecturer in Accounting & Finance at Bayero University Kano (Nigeria) and has taught briefly at University of Dundee. He is a member of the British Accounting Association and has publications in several international journals.

Klappentext

Most previous studies which have examined the equity investment and share valuation process have been undertaken for the large and sophisticated capital markets of developed countries. Very little attention has been paid to this process in emerging stock markets; research on the Nigerian stock market has remained especially limited. The limited research that has been undertaken for the Nigerian stock market has focused on small samples of data, studied a short time horizon and analysed relatively few equities. This book should help shed some lights on the information efficiency of the Nigerian stock market and should also illuminate the share valuation practices adopted by investors when they price Nigerian equities. It is especially of interest to foreign and local investors who may be contemplating investing in this market and to regulators and government authorities who are seeking to attract foreign investors into the country. Finally, it is of interest to the stock brokers, fund managers & accounting profession since it provides some insights about the level and quality of disclosures in company reports which investors find useful.