ABSTRACT
This
study’focuses on the effect offinancial report on share marketprice ofbanks in
Nigeria. An investor -who isfaced -with a decision to either buy or sell a
particular stock, there is need to resort tofinancial analysis ofthe company’s
business over a period, to determine whether profits are rising orfalling and
the implication of future performance. However, due to the problems of
acquiring adequate information, available finance may be directed into
wrongfirms or organizations. The study made used ofan ex-postfacto research
design. The data collected were then tabulated and analyzed using the simple
regression analysis. The result revealed that the estimated coefficient ofthe regression
parameter have a positive sign and thus conform to our a-priori expectation.
The implication ofthissign is that the dependent variable Share Market Price
(SMP) is positively affected by Earning Per Share (EPS), Dividend Per Share
(DPS) andProfitAfter Tax (PAT). The study also revealed that there is a very
high relationship between Earning Per Share (EPS), Dividend Per Share (DPS),
Profit After Tax (PAT) and Share Market Price (SMP). Conclusively, As
everyfinancial report is published to provide accounting information to
external users, it does not guarantee a success in their investment. However,
adequate understanding offinancial report and the application of this
accounting report would result to favourable investment. It can therefore be
concluded thatfinancial report has a great impact on the investment decisions
of investors basedon theirreliance, understanding andapplication ofthis
information. It is recommended that investors should be interested in
understanding the components ofthe annual reports as a better understanding
would lead to better and more profitable investment. Investors should not only
rely on the annual report but should also strengthen their knowledge and
understanding of their investment through newspapers, magazines, stock exchange
market and even from advice of stock brokers.
AMARACHI, I (2024). Impact Of Financial Report On Share Market Prices Of Banks In Nigeria:- Okoro Amarachi Igwe. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-financial-report-on-share-market-prices-of-banks-in-nigeria-okoro-amarachi-igwe-7-2
IGWE, AMARACHI. "Impact Of Financial Report On Share Market Prices Of Banks In Nigeria:- Okoro Amarachi Igwe" Mouau.afribary.org. Mouau.afribary.org, 07 Aug. 2024, https://repository.mouau.edu.ng/work/view/impact-of-financial-report-on-share-market-prices-of-banks-in-nigeria-okoro-amarachi-igwe-7-2. Accessed 30 Oct. 2024.
IGWE, AMARACHI. "Impact Of Financial Report On Share Market Prices Of Banks In Nigeria:- Okoro Amarachi Igwe". Mouau.afribary.org, Mouau.afribary.org, 07 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-financial-report-on-share-market-prices-of-banks-in-nigeria-okoro-amarachi-igwe-7-2 >.
IGWE, AMARACHI. "Impact Of Financial Report On Share Market Prices Of Banks In Nigeria:- Okoro Amarachi Igwe" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-financial-report-on-share-market-prices-of-banks-in-nigeria-okoro-amarachi-igwe-7-2