Significance of Accounting Information on Equity Share Investment in Nigerian Listed Companies

Abstract

This study investigated the significance of accounting information on equity share investment in companies listed on Nigerian Stock Exchange. The accounting information variable used to establish the significance of accounting information on equity share investment was net book value per share. The study investigated the influence of net book value per share on equity share investment decision makings in companies listed on Nigeria Stock Exchange. This study used primary data. Data for the study were collected from a sample of 204 respondents from 68 stock brokerage firms in Nigeria. The findings of the study revealed that there is a significant relationship between net book value per share and equity share investment in the listed companies in Nigeria. Specifically, the finding showed that net book value per share has significant influence on equity share investment and was positively correlated with it. This study aimed at providing information that will assist investors in making equity share investment decisions. The findings of this study will assist or guide both potential and existing investors in making investment decisions in listed companies in Nigeria.

Keywords:  Accounting information, Equity share investment, Net book value per share,.