Audit Firm Size and Market Price Per Share of Quoted Companies in Nigeria

Fca Augustine O. Okolie Ph.D ()
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Fca Augustine O. Okolie Ph.D: Department of Accounting, Faculty of Management Sciences, Ambrose Alli University, Ekpoma, Nigeria,

International Journal of Business and Social Research, 2014, vol. 4, issue 5, 100-117

Abstract: This study investigates the influence which audit firm size exerts on the market value per share of companies in Nigeria. Based on a sample of 342 companies – year observations from the NSE and applying audit firm size as a measure, comprehensive multivariate analyses were conducted on archival data covering 2006 – 2011. The result showed that audit firm size exerts significant relationship and significantly influences market price per share of the companies in the sample. It is suggested that companies in Nigeria should improve their earnings quality only through sales growth and cost control strategies and present distinct reports on earnings quality. Furthermore, company auditors should issue Integrated Audit Quality Assurance Reports based on earnings quality assessment, statutorily backed by earnings monitoring of companies in Nigeria while regulatory agencies should issue authoritative codes of best practice in Nigeria.

Keywords: Audit Firm Size; Earnings Quality; Earnings Management (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:mir:mirbus:v:4:y:2014:i:5:p:100-117

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