Financial Statement Analysis to Predict Stock Returns of Listed Consumer Goods Firms in Nigeria

Ajekwe, Clement C. M.; Ibiamke, Adzor

doi:10.2139/ssrn.3247805

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Predictive Power Of Information From Pre-ipo On Post-ipo Performance1

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2021

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“…Regarding other markets, it was confirmed by Skogsvik (2008) and Skogsvik and Skogsvik (2010) for Sweden, by Alexakis et al (2010) for Greece, by Chung and Kim (2001) for Korea, and by Goslin et al (2012) for New Zealand. For emerging markets, with some exceptions (e.g., Nigeria; Ajekwe & Ibiamke, 2018), research in this area is very scarce. Therefore, as emphasized by Goslin et al (2012), more evidence from different countries is needed to draw conclusions about the commonness of the relationship between accounting information and equity returns.…”

Section: Predictive Power Of Information From Pre-ipo On Post-ipo Performancementioning

confidence: 99%

Does share capital mater for company performance?

Dudycz

2021

Economic Research-Ekonomska Istraživanja

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This article examines the impact of share capital on companies' performance as well as the effect of accounting information on companies' market performance and the impact of pre-IPO information on the predictive power of companies' performance after an initial public offering (IPO). The research was conducted on a sample of IPO companies debuting on the Warsaw Stock Exchange. It shows that a large percentage of share capital in equity reduces capital flexibility but can also be a signal to improve companies' market performance. It also shows that after an IPO, the market's information efficiency diminishes, which means, among other things, that pre-IPO accounting information has a negligible impact on the companies' market performance after the IPO.

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Section: Predictive Power Of Information From Pre-ipo On Post-ipo Performancementioning

confidence: 99%

Does share capital mater for company performance?

Dudycz

2021

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

show abstract

Financial Statement Analysis to Predict Stock Returns of Listed Consumer Goods Firms in Nigeria

Cited by 1 publication

References 12 publications

Does share capital mater for company performance?

Does share capital mater for company performance?

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