MODERATING IMPACT OF OWNERSHIP STRUCTURE ON VALUE RELEVANCE OF ACCOUNTING INFORMATION IN FIRMS LIST NIGERIA

Haruna, Roselyn Afor (), Ame, O. Jacob and Aruwa, Suleiman Akwu-odo Salihu
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Haruna, Roselyn Afor: Department of Accounting, Postal: Faculty of Administration, Nasarawa State University, Keffi, Nigeria,, https://www.afarng.org/mjms/
Ame, O. Jacob: Department of Accounting, Postal: Faculty of Administration, Nasarawa State University, Keffi, Nigeria, https://www.afarng.org/mjms/
Aruwa, Suleiman Akwu-odo Salihu: Department of Accounting, Postal: Faculty of Administration, Nasarawa State University, Keffi, Nigeria, https://www.afarng.org/mjms/

Multidisciplinary Journal of Management Sciences, 2021, vol. 3, issue 1, 153-171

Abstract: Ownership structure is considered to be equity distribution with regard to voting power and the identity of the equity owners. The main objective of the study is to examine the moderating impact of ownership structure on value relevance of accounting information in Nigeria listed firms. The study employed ex-post facto research design with the use of secondary source of data and the sample size of fifty-eight (58) listed firms. The analysis of moderating impact of ownership structure on value relevance of accounting information in listed firms in Nigeria was conducted using STATA and multiple panel regression analysis on the Data extracted from the Nigerian Stock Exchange Fact book. The scope of the study covered a period of eleven years from 2008 to 2018.The key findings among others shows that book value has positive but no significant impact on market share price of listed firms in Nigeria as shown in the model. The study recommends among others that, more efforts should be channeled on improving the financial reporting strength of the listed firms in Nigeria as part of reforms for quality financial reporting and world best practice. The firms should comply with the International Financial Reporting Standards for robust financial reports. Potential investors should give more credence to earnings than book value in making decisions to invest in a company

Keywords: Accounting Information; Ownership Structure; Value Relevance; Moderating Impact. (search for similar items in EconPapers)
Date: 2021
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