Adequate accounting information is essential for the efficient functioning of capital markets and by extension economic growth of a nation. The development of stock market is dependent on the integrity of financial reporting process. Lack of reliable accounting information generates low investment, which invariably affects the economic growth. The objective of this project is to ascertain the link between accounting information, stock market and Nigerian Economy. Simple regression was used to analyze the investors’ reactions to accounting earnings by analyzing changes in share prices of eight companies(four from conglomerate and four from banking sector) for over a period of four years, while correlation between stock market and the Nigerian Economy from 1970-2003 was examined using Cobb-Douglas production function. Empirically, the result indicated that investors reacted to accounting earnings and there was a link between the stock market and Nigerian Economy. The study provides useful insights to all the users of accounting information, especially, the policy makers in Nigeria, operators in the stock market, academics, investors and practitioners dealing with economic development around the world. The study advocates for greater commitment and more efficient accounting system on the part of the preparers of financial statements that will bring about the required reliable accounting data and information which will in turn increase investors’ confidence in Nigerian stock market. The study recommends that Stock market regulators should put in place mechanisms to improve efficiency of the market that can stimulate a speedy economic growth.
Can't find what you are looking for?
Call (+234) 07030248044.
OTHER SIMILAR MBA-MSC-PGD Thesis research PROJECTS AND MATERIALS
NIGERIAN BANKS EFFICIENCY PERFORMANCE:APOST 2004 BANKING REFORMS EVALUATION
ABSTRACT This study investigated the Nigerian Banks’ Efficiency Performance. The period studied was 2005-2009.In addition to the above, the extent of the effect of the bank’s fixed assets...Continue reading »
AN ASSESSMENT OF CORPORATE GOVERNANCE AND FIRM PERFORMANCE: EMPIRICAL EVIDENCE FROM SELECTED LISTED COMPANIES IN NIGERIA
CHAPTER ONE INTRODUCTION Background to the Study The subject of corporate governance has spurred research interests with respect to principal- agent relationship expropriation in recent times especi...Continue reading »
IMPACT OF AUTOMATED ACCOUNTING SYSTEM ON PAYROLL PREPARATION IN SOME SELECTED LARGE ORGANISATIONS
ABSTRACT This research project is aimed at studying the impact of automated accounting system on the payroll preparation in large organisations selected from both Lagos and Ota. In an attempt to stu...Continue reading »
AN EVALUATION OF SHARE PRICE DETERMINATION AND CORPORATE FIRM CHARACTERISTICS
ABSTRACT At the close of 2009 the total market value of 266 securities listed on the Nigerian Stock market dropped by 26.5% resulting mainly from share price losses. In effect the crux of this work w...Continue reading »
THE AUDIT EXPECTATION GAP IN NIGERIA
ABSTRACT The purpose of this study is to highlight factors contributing to the audit expectation gap in Nigeria. The audit expectation gap is the difference in perception between auditors and users o...Continue reading »
AN ANALYSIS OF THE EFFECTS OF SELECTED HUMAN RESOURCE MANAGEMENT PRACTICES ON THE CORPORATE PERFORMANCE OF GLAXOSMITHKLINE, AGBARA, OGUN STATE, NIGERIA
CHAPTER ONE GENERAL INTRODUCTION BACKGROUND OF THE STUDY Contemporary organizations are constantly confronting pressures to improve service and productivity. The precariousness of the external work...Continue reading »
What are looking for today?
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
51,643 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
41,526 people found this useful
THE EFFECT OF TREASURY SINGLE ACCOUNT ON THE ECONOMY OF NIGERIA
40,307 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
38,017 people found this useful
CAUSES AND EFFECTS OF COMMUNICATION BREAKDOWN IN AN ORGANIZATION (A case study of champions’ brewe...
32,829 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
30,984 people found this useful