EFFECT OF ACCOUNTING-BASED EARNINGS QUALITY PROPERTIES ON MARKET PERFORMANCE OF QUOTED INDUSTRIAL GOODS COMPANIES IN NIGERIA
| dc.contributor.author | Ugoh, Timothy Terver | |
| dc.contributor.author | Mainoma, M.A. | |
| dc.contributor.author | Aza, Solomon Mangba | |
| dc.date.accessioned | 2023-12-10T17:38:36Z | |
| dc.date.available | 2023-12-10T17:38:36Z | |
| dc.date.issued | 2021-06-06 | |
| dc.description.abstract | Earnings quality has emerged as an issue of interest to analyst, investors, managers and other market participants in view of the fact that it is one of the most striking and challenging issues in studies related to Accounting and finance. While managers are much concerned about meeting analyst forecast by maintaining sustainable growth of the companies as means to protect themselves, analysts are interested on how best to measure the quality of earnings. This is in order to maximize the portfolio of investors who now more than ever increasingly demand for information about quality of earnings and its association with returns. This study investigated the effect of accounting-based earnings quality properties on market performance of quoted industrial goods companies Nigeria. This study adopts a descriptive longitudinal research design using panel data of a multiple number offirms, over a period of time. The population of the study comprised all the 13 quoted industrial goods firms on the Nigeria Stock Exchange as at 31st December 2019 on which filters population of 11 firms. The study measured earnings quality with four separate earnings attributes: Accruals quality, earnings persistence, earnings predictability and income smoothing, while Market performance was measured using Tobins Q. The result of the pooled independent OLS revealed that of the four earnings quality properties used in the study, accruals quality, earnings persistence and income smoothing have significant positive relationship with market performance, while earnings predictability has insignificant inverse relationship with market performance of quoted industrial goods companies in Nigeria. Based on the result, the study recommended among others that the Security and Exchange Commission (SEC) should continually subject the earnings of industrial goods sector to quality tests to insulate the investing public from possible rip off. | en_US |
| dc.identifier.citation | Aza, S.M. et. al. (2021). EFFECT OF ACCOUNTING-BASED EARNINGS QUALITY PROPERTIES ON MARKET PERFORMANCE OF QUOTED INDUSTRIAL GOODS COMPANIES IN NIGERIA | en_US |
| dc.identifier.uri | https://keffi.nsuk.edu.ng/handle/20.500.14448/638 | |
| dc.language.iso | en | en_US |
| dc.publisher | Department of Accounting, Nasarawa State University Keffi | en_US |
| dc.subject | Keywords: Earnings Quality, Market Performance, Industrial Goods Companies, Nigeria, | en_US |
| dc.title | EFFECT OF ACCOUNTING-BASED EARNINGS QUALITY PROPERTIES ON MARKET PERFORMANCE OF QUOTED INDUSTRIAL GOODS COMPANIES IN NIGERIA | en_US |
| dc.type | Article | en_US |