%0 Journal Article %1 knuth73 %A |, Joseph Amedu | Tochukwu G. Orji-Okafor %D 2023 %J CENTRAL ASIAN JOURNAL OF INNOVATIONS ON TOURISM MANAGEMENT AND FINANCE %K Assets Dividend Earnings Equity, Financial Per Price, Quality, Reporting Return Share Share, ShareReturn on %N 8 %P 35-53 %T Financial Reporting Quality and Share Price Movement of Selected Listed Firms in Nigeria %U https://cajitmf.centralasianstudies.org/index.php/CAJITMF/article/view/579/636 %V 4 %X This study aims to ascertain the extent to which financial reporting quality affects the share price movement of selected consumer goods manufacturing firms listed on the Nigeria Exchange Group. The specific research objectives encompass examining the effects of earnings per share, dividend per share, return on equity, and return on assets on the market price per share of these firms. The chosen research design is an ex post facto research design on a population consisting of nineteen (19) consumer goods manufacturing firms listed on the Nigerian Exchange Group. A purposive sampling technique was applied to select sixteen (16) firms. Secondary data used were sourced from the annual reports of the sampled firms from 2012 to 2021. Fixed effect regression model was estimated in order to test the hypotheses of the study. The analysis reveals that earnings per share have a significant positive impact on share price movement, dividend per share demonstrates a positive but non-significant effect, return on assets exhibits a significant negative impact, and return on equity shows a positive but non-significant effect. In conclusion, prioritizing sustained profitability, prudent capital allocation, transparent reporting, and effective investor engagement can collectively contribute to favorable share price movement and enhance overall stakeholder value. The study recommends that consumer goods manufacturing firms in Nigeria should engage in transparent communication about earnings trends and drivers in order to enhance investor understanding of the firm's financial health, fostering greater confidence and potentially driving positive share price movement.

@article{knuth73, abstract = {This study aims to ascertain the extent to which financial reporting quality affects the share price movement of selected consumer goods manufacturing firms listed on the Nigeria Exchange Group. The specific research objectives encompass examining the effects of earnings per share, dividend per share, return on equity, and return on assets on the market price per share of these firms. The chosen research design is an ex post facto research design on a population consisting of nineteen (19) consumer goods manufacturing firms listed on the Nigerian Exchange Group. A purposive sampling technique was applied to select sixteen (16) firms. Secondary data used were sourced from the annual reports of the sampled firms from 2012 to 2021. Fixed effect regression model was estimated in order to test the hypotheses of the study. The analysis reveals that earnings per share have a significant positive impact on share price movement, dividend per share demonstrates a positive but non-significant effect, return on assets exhibits a significant negative impact, and return on equity shows a positive but non-significant effect. In conclusion, prioritizing sustained profitability, prudent capital allocation, transparent reporting, and effective investor engagement can collectively contribute to favorable share price movement and enhance overall stakeholder value. The study recommends that consumer goods manufacturing firms in Nigeria should engage in transparent communication about earnings trends and drivers in order to enhance investor understanding of the firm's financial health, fostering greater confidence and potentially driving positive share price movement.}, added-at = {2024-02-26T08:23:09.000+0100}, author = {|, Joseph Amedu | Tochukwu G. Orji-Okafor}, biburl = {https://www.bibsonomy.org/bibtex/29f5eb368eba86bbd915298cb01a25db3/centralasian_20}, interhash = {925ae969098c2fb6e76eabbaed928854}, intrahash = {9f5eb368eba86bbd915298cb01a25db3}, issn = {2660-454X}, journal = {CENTRAL ASIAN JOURNAL OF INNOVATIONS ON TOURISM MANAGEMENT AND FINANCE}, keywords = {Assets Dividend Earnings Equity, Financial Per Price, Quality, Reporting Return Share Share, ShareReturn on}, language = {english}, month = aug, number = 8, pages = {35-53}, refid = {7286780}, timestamp = {2024-02-26T08:23:09.000+0100}, title = {Financial Reporting Quality and Share Price Movement of Selected Listed Firms in Nigeria}, url = {https://cajitmf.centralasianstudies.org/index.php/CAJITMF/article/view/579/636}, volume = 4, year = 2023 }