Effect of Firm Value and Accounting Information on Equity Investment in Nigeria

Adeolu Thompson Mayaki and Sunday Fatoba Adebayo
Additional contact information
Adeolu Thompson Mayaki: Joseph Ayo Babalola University Ikeji- Arakeji Osun State
Sunday Fatoba Adebayo: Adeyemi Federal University of Education Ondo, Ondo State

International Journal of Research and Scientific Innovation, 2025, vol. 12, issue 2, 15-24

Abstract: The study analysed the effect of firm value and accounting information on equity investment in Nigeria. This was with a view to providing information on the effect of accounting information and firm value on equity investment in Nigeria capital market. The study adopted the longitudinal research design and used secondary data. The population consisted of 168 quoted firms in the Nigeria Exchange Group as at 2021. Purposive sampling technique was used to select 50 firms whose data were consistently available and stocks traded on the Nigerian Exchange Group. Data on variables such as return on equity, dividend per share, earnings per share, business growth, profitability, firm size and market value of equity were obtained from Annual Reports and accounts of sampled listed firms in the Nigerian Exchange Group factsbook for the period 2011 – 2020. The data obtained were analysed using regression analysis technique involving pooled Ordinary Least Square (OLS) Model, Fixed Effect Model (FEM) and Random Fixed Model. Firm value and accounting information had complementary statistically significant effect on equity investment (R2= 84.72, P

Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijrsi/d ... 12-issue-2/15-24.pdf (application/pdf)
https://rsisinternational.org/journals/ijrsi/artic ... vestment-in-nigeria/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bjc:journl:v:12:y:2025:i:2:p:15-24

Access Statistics for this article

International Journal of Research and Scientific Innovation is currently edited by Dr. Renu Malsaria

More articles in International Journal of Research and Scientific Innovation from International Journal of Research and Scientific Innovation (IJRSI)
Bibliographic data for series maintained by Dr. Renu Malsaria ().