Stock Price and Firms Attributes of Listed Deposit Money Banks in Nigeria: The Intervening Role of Creative Accounting

John Ogenyi Oboh, Animpuye Canice and Odama Patrick Ojeka
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John Ogenyi Oboh: Department of Accounting University of Calabar, Cross River State, Nigeria.
Animpuye Canice: Department of Accounting University of Calabar, Cross River State, Nigeria.
Odama Patrick Ojeka: Department of Accounting University of Calabar, Cross River State, Nigeria.

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 7, 3336-3350

Abstract: The study examined the intervening role of creative accounting on the relationship between stock price and firms’ attributes of commercial banks in Nigeria. The study adopted the ex-post facto research design and measured creative accounting using the working capital accruals in Dechow and Dichev model. The data collected from eight years annual financial statements of fourteen commercial banks listed on the Nigerian Stock Exchange were analysed and the model estimated using panel data regression. The study results show that firm’s growth had significant effect on stock price, while firms’ size is not statistically significant. The result of the intervening role of creative accounting shows that creative accounting has no significant relationship with firm’s size but creative accounting partially mediates the direct effect between firms’ size and stock price. The study concluded that the quest for growth can engender creative accounting practices. The study recommended that regulatory authorities and stakeholders should constantly examine the financial statements of commercial banks to ensure that there are no systematic misrepresentation of the true income and assets of the banks.

Date: 2024
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