ABSTRACT
The study focused on the appraisal of the effect offinancial reporting on stock
market price of sterling Bank Nig. Plc. It has as its specific objectives to examine;
the relationship between earning per share and stock market price; the
relationship between dividend per share and stock market price; the relationship
between profit after tax and stock market price. The research adopted the ex post
facto research design, using descriptive and trend from cross sectional and
longitudinal designs. The data was sourced through the secondary source of data
on the variables was obtained through afiveyearsfinancial report/statement that
is from 2012 to 2016financial year. The result of the study revealed that Earnings
per share (EPS) has a sign jflcant and positive relationship with share market
price (SMP); dividend per share has a positive and sign ?/Icant relationship with
share market price, profit after tax is positively and sign flcantly related to share
market price with an R2of 0.749, implies that about 74.9% of the change or
variation in share market price can be explained by profit after tax (PAT). Based
on the findings of the study, the researcher therefore recommends that there is
need for firms to improve on the quality of earnings reported, since it had a
stronger ability to explaining share prices offirm and that listed banks on the
Nigerian Stock Exchange, should display their earnings per share conspicuously
in their presentation to investors and analysts and also include their book value
per share.
ANYALECHI, I (2021). Effect Of Financial Reporting On Stock Market Price Of Enterprises In Nigeria. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-enterprises-in-nigeria-7-2
IKECHUKWU, ANYALECHI. "Effect Of Financial Reporting On Stock Market Price Of Enterprises In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-enterprises-in-nigeria-7-2. Accessed 31 Oct. 2024.
IKECHUKWU, ANYALECHI. "Effect Of Financial Reporting On Stock Market Price Of Enterprises In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 09 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-enterprises-in-nigeria-7-2 >.
IKECHUKWU, ANYALECHI. "Effect Of Financial Reporting On Stock Market Price Of Enterprises In Nigeria" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-enterprises-in-nigeria-7-2