ABSTRACT
This study examined the effect of financial reporting on stock market price of listed deposit money bank in Nigeria. The objectives were to determine the effect of Earnings Per Share (E::PS). Profit After Tax (PAT) and Dividend Per Share(DPS) on Stock Market Price (SMP) of Union Bank Nigeria pie from 2012 - 2016 . There research questions and three hypotheses guided the study. An ex-post facto research design was adopted for this study. Data were collected through secondary sources from annual reports. internet, journal articles. published books and unpublished books that arc related to financial reporting and stock market prices from 2012 to 2016. The data collected were organized, tabulated and analyzed using simple regression. analysis. Analysis of hypothesis one revealed that PAT has a significant effect on SMP. The result or hypothesis two showed that EPS has a
significant effect on SMP.· I'hc finding of hypothesis three revealed that DPS has a significant effect on SMP. The stud) revealed a ,,ery high relationship between PAT. EPS, DPS and SM P. The study concluded that as every financial report is published to provide accounting information to external users, it does not guarantee a success in their investment. Rather. adequate understanding of financial report and its application would result to favourable investment, since financial report has a great effect on the investment decision of investors. It was therefore recommended among others that investors should be interested in understanding the components of the annual reports as a better understanding would lead to better and more profitable investment. Also. that investors should not only rely on annual report but should broaden their knowledge and understanding of their investment through magazines. newspapers, stock exchange market an Sci even from ad, ice of stock brokers.
TABLE OF CONTENTS
Title page
Declaration
Certification
Dedication
Acknowledgements
Table of contents
List of tables
Abstract
CHAPTER ONE,: INTRODllCTION
1. 1 Background to the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Questions
I.5 Research Hypotheses
1.6 Significance of the Study
1. 7 Scope and Limitation of' the Study.
I. 8 Definitions of Terms
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2. l Conceptual framework 14
2.1.1 Financial Reporting 14
2. 1. 1.1 Purpose of Financial Reporting 15
2.1.1.2 Types or Financial Reporting 15
2. I. 3 Levels of Financial Report 20
2.1.1.4 Interpretation of Financial Reports 22
2.1.2 Stock Market 22
2. l .2.1 Underlying Factors Affecting the Stock Market 22
2.2 Theoretical Framework 27
2.2.1 Financial Accounting Theory 27
7 7 The or) o 1· Random Wa I ks 30
2.2.3 The Theory of Efficient Market Hypothesis (EMH) 31
2.3 Empirical Review 33
CHAPTER THREE: RESEARCH METHODOLOGY
3. l Research Design 51
3.2 Area of the Study 51
3 3 Method ofData Collection and Sources 52
3.4 Model Specification
3.5 Data Analysis Techniques
CHAPTER FOUR: DATA PRESENT.,\ l'H)N, ANALYS(S AND DISCUSSION OF FINDINGS
4.1 Data Presentation 54
4.2 Data Analysis
4.3 Test of Hypotheses 61
4.4 Discussion of Findings 62
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5. l Summar) of findings 63
5.2 Conclusion 63
5.J Recommendations 64
References
AZUMARA, A (2020). Effect Of Financial Reporting On Stock Market Price Of Listed Deposit Money Bank In Nigeria (A Study Or Bank Plc). Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-listed-deposit-money-bank-in-nigeria-a-study-or-bank-plc
AZUMARA, AZUMARA. "Effect Of Financial Reporting On Stock Market Price Of Listed Deposit Money Bank In Nigeria (A Study Or Bank Plc)" Mouau.afribary.org. Mouau.afribary.org, 29 May. 2020, https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-listed-deposit-money-bank-in-nigeria-a-study-or-bank-plc. Accessed 30 Oct. 2024.
AZUMARA, AZUMARA. "Effect Of Financial Reporting On Stock Market Price Of Listed Deposit Money Bank In Nigeria (A Study Or Bank Plc)". Mouau.afribary.org, Mouau.afribary.org, 29 May. 2020. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-listed-deposit-money-bank-in-nigeria-a-study-or-bank-plc >.
AZUMARA, AZUMARA. "Effect Of Financial Reporting On Stock Market Price Of Listed Deposit Money Bank In Nigeria (A Study Or Bank Plc)" Mouau.afribary.org (2020). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-financial-reporting-on-stock-market-price-of-listed-deposit-money-bank-in-nigeria-a-study-or-bank-plc