Value Relevance of Accounting Information and Share Rate: A Study of Manufacturing Companies in Nigeria

Abstract

This research work determined the impact of value relevance of accounting information on the stock price of manufacturing companies in Nigeria. More specifically, the study determines the impact of earnings per share and dividends on the stock price of Nigerian manufacturing companies. Ex post facto research and data were obtained from twenty audited annual reports and financial statements. This study used the ordinary least squares (OLS) estimation from 2012 to 2021 and covered ten years with the help of E-view 9.0 data analysis revealed that there is a positive insignificant relationship between stock dividends, earnings per share and stock price in the manufacturing sector in Nigeria.