ABSTRACT
This work empirically investigates
the impact of published financial statements on shareholders' investment
decisions: The study is vital as it portrays the extent to which shareholders
of banks listed on the Nigerian Stock Exchanged (NSE) are influenced by the
contents of published accounts in their investment decisions. In order to
determine the relationship between information contents offinancial statements
and shareholders' investment decisions, some of the key contents offinancial
statement were used to derive the proxy variables used in the study, namely
earnings per share, dividend per share and return on equity; while
shareholders' investment decisions is represented by change in number of
shareholders. Data for the study were obtained from the published annual
financial report of the selected banks. Regression model was employed to
establish the relationship between the variables. The findings generally
indicate that shareholders of the selected bank rely much on financial
statements as a major determining factor for their investment decisions
investment decisions. The study recommends proper awareness creation by the
appropriate agencies to enhance shareholders' understanding of the relevance
of published accounts to enable them to know the financial states of the
companies of their interest before making investment decisions. Besides,
shareholders should seek the advice of financial analysts so as to be properly
guided in their investment decision.
UKAEGBU, A (2021). Effect Of Published Financial Statement On Shareholders' Investment Decision: (A Study Of Selected Banks). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-published-financial-statement-on-shareholders-investment-decision-a-study-of-selected-banks-7-2
ADAORA, UKAEGBU. "Effect Of Published Financial Statement On Shareholders' Investment Decision: (A Study Of Selected Banks)" Mouau.afribary.org. Mouau.afribary.org, 27 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-published-financial-statement-on-shareholders-investment-decision-a-study-of-selected-banks-7-2. Accessed 27 Nov. 2024.
ADAORA, UKAEGBU. "Effect Of Published Financial Statement On Shareholders' Investment Decision: (A Study Of Selected Banks)". Mouau.afribary.org, Mouau.afribary.org, 27 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-published-financial-statement-on-shareholders-investment-decision-a-study-of-selected-banks-7-2 >.
ADAORA, UKAEGBU. "Effect Of Published Financial Statement On Shareholders' Investment Decision: (A Study Of Selected Banks)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-published-financial-statement-on-shareholders-investment-decision-a-study-of-selected-banks-7-2