The Value Relevance of Nigerian DMBs Accounting Information

The information content of accounting numbers in ascertaining security prices/ returns has gained considerable attention in the finance and accounting literature recently. Consequently, value relevance (VR) research evolved to generate empirical evidence of statistical relationship between accounting numbers and corporate value. This study investigates the VR of accounting information of listed Deposit Money Banks (DMBs) in Nigeria. The study established that accounting information of DMBs in Nigeria is value relevant with adjusted R2 of 11% for the return model and 42% for the price model respectively.

Autorentext

Akeem Siyanbola is a lecturer and researcher in accounting at the Federal University Wukari, Nigeria. He received the B.Sc. degree from the University of Benin in 2004 and the M.Sc. from Bayero University Kano, Nigeria in 2014, all in the field of accounting. He participated at the 2015 ISTEAMS conference and emerged the best paper presenter.