POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA
The study investigated the differences in the value relevance of accounting information between the listed service firms and the listed manufacturing firms in Nigeria in the post COVID-19 period. Secondary data was used from the annual reports of the sampled firms and cash craft stock broker websit...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Department of Accounting and Finance, Federal University Gusau
2024-10-01
|
| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/331 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849228296300003328 |
|---|---|
| author | Abubakar Aliyu Abbas, Abdulrahman Ngadi Abdu, Abubakar |
| author_facet | Abubakar Aliyu Abbas, Abdulrahman Ngadi Abdu, Abubakar |
| author_sort | Abubakar Aliyu |
| collection | DOAJ |
| description |
The study investigated the differences in the value relevance of accounting information between the listed service firms and the listed manufacturing firms in Nigeria in the post COVID-19 period. Secondary data was used from the annual reports of the sampled firms and cash craft stock broker website between 2021 and 2023. correlation research design was used. The population of the study included all the seventy-three listed manufacturing firms and twenty three listed service firms in Nigeria as at 31st December, 2023. The sample size was fifty-two firms from the listed manufacturing firms and twenty from the listed service firms; multiple panel regression model was used for the purpose of analysis. Based on the findings of the study, earnings per share and book value of equity reported by listed manufacturing firms determines share price more than the ones reported by the listed service firms. However, divided among the listed service firms should be given preference over dividend reported by the listed manufacturing firms in Nigeria in equity valuation. Additionally, listed manufacturing and financial service firms in Nigeria should work towards increasing their earnings as it determines share price. As well, they should suitably manage their book value, pay dividend to investors from the profit generated and a balance should be strike between cash inflow and out flow from operations to avoid cash shortage or keeping unneeded cash. Moreover, SEC and FRC should maintain their effort in ensuring the integrity of information released by the listed firms in Nigeria.
|
| format | Article |
| id | doaj-art-5e5b6dc8290f4e688e2f1fb5176fd07c |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-5e5b6dc8290f4e688e2f1fb5176fd07c2025-08-23T05:06:57ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-10-015210.57233/gujaf.v5i2.5POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA Abubakar Aliyu0Abbas, Abdulrahman Ngadi1Abdu, Abubakar 2Department of Accounting and Finance Faculty of Management and Social Sciences Federal University, GusauDepartment of Accounting, ABU Business School, Ahmadu Bello University Zaria Department of Accounting, ABU Business School Ahmadu Bello University Zaria The study investigated the differences in the value relevance of accounting information between the listed service firms and the listed manufacturing firms in Nigeria in the post COVID-19 period. Secondary data was used from the annual reports of the sampled firms and cash craft stock broker website between 2021 and 2023. correlation research design was used. The population of the study included all the seventy-three listed manufacturing firms and twenty three listed service firms in Nigeria as at 31st December, 2023. The sample size was fifty-two firms from the listed manufacturing firms and twenty from the listed service firms; multiple panel regression model was used for the purpose of analysis. Based on the findings of the study, earnings per share and book value of equity reported by listed manufacturing firms determines share price more than the ones reported by the listed service firms. However, divided among the listed service firms should be given preference over dividend reported by the listed manufacturing firms in Nigeria in equity valuation. Additionally, listed manufacturing and financial service firms in Nigeria should work towards increasing their earnings as it determines share price. As well, they should suitably manage their book value, pay dividend to investors from the profit generated and a balance should be strike between cash inflow and out flow from operations to avoid cash shortage or keeping unneeded cash. Moreover, SEC and FRC should maintain their effort in ensuring the integrity of information released by the listed firms in Nigeria. https://journals.gujaf.com.ng/index.php/gujaf/article/view/331Comparative study in the value relevance of accounting informationpost covid-19 pandemiclisted manufacturing firmlisted service firms in Nigeria |
| spellingShingle | Abubakar Aliyu Abbas, Abdulrahman Ngadi Abdu, Abubakar POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA Gusau Journal of Accounting and Finance Comparative study in the value relevance of accounting information post covid-19 pandemic listed manufacturing firm listed service firms in Nigeria |
| title | POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA |
| title_full | POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA |
| title_fullStr | POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA |
| title_full_unstemmed | POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA |
| title_short | POST COVID-19 PANDEMIC: COMPARATIVE STUDY IN THE VALUE RELEVANCE OF ACCOUNTING INFORMATION BETWEEN LISTED MANUFACTURING FIRMS AND LISTED SERVICE FIRMS IN NIGERIA |
| title_sort | post covid 19 pandemic comparative study in the value relevance of accounting information between listed manufacturing firms and listed service firms in nigeria |
| topic | Comparative study in the value relevance of accounting information post covid-19 pandemic listed manufacturing firm listed service firms in Nigeria |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/331 |
| work_keys_str_mv | AT abubakaraliyu postcovid19pandemiccomparativestudyinthevaluerelevanceofaccountinginformationbetweenlistedmanufacturingfirmsandlistedservicefirmsinnigeria AT abbasabdulrahmanngadi postcovid19pandemiccomparativestudyinthevaluerelevanceofaccountinginformationbetweenlistedmanufacturingfirmsandlistedservicefirmsinnigeria AT abduabubakar postcovid19pandemiccomparativestudyinthevaluerelevanceofaccountinginformationbetweenlistedmanufacturingfirmsandlistedservicefirmsinnigeria |