How to cite this paper
Alkali, M., Zuru, N & Kegudu, D. (2018). Book value, earnings, dividends, and audit quality on the value relevance of accounting information among Nigerian listed firms.Accounting, 4(2), 73-82.
Refrences
Abdulsallam, N., Yelwa, M., Muhammad, A., Alkali, Y., Abdul, S., & Bala, R. (2016). Quality of accounting reporting after the IFRS adoption in Nigeria. International Journal of Business, Economics and Management, 3(11), 160–172.
Abubakar, M. Y., Abdulsallam, N., & Alkali, M. Y. (2017). The Impact of the New Accounting Reporting Among Listed Firms in Nigerian Stock Market. Asian Journal of Social Sciences and Management Studies, 4(1), 1–9.
Afolabi, A. A. (2015). Impact of the Nigerian capital market on the economy. European Journal of Accounting Auditing and Finance Research, 3(2), 88–96.
Agostino, M., Drago, D. & Silipo, D.B. (2011). The value relevance of IFRS in the European banking industry. Review of Quantitative Finance and Accounting, 36(3), 437–57.
Al-Hares, O. M., AbuGhazaleh, N. M., & Haddad, A. E. (2012). Value relevance of earnings, book value and dividends in an emerging capital market: Kuwait evidence. Global Finance Journal, 23(3), 221–234. http://doi.org/10.1016/j.gfj.2012.10.006
Amir, E., Harris, T., & Venuti, E. (1993). A comparison of the value-relevance of US versus non-US GAAP accounting measures using form 20-F reconciliations. Journal of Accounting Research, 31(3), 230–264. http://doi.org/10.2307/2491172
Elbakry, A. E., Nwachukwu, J. C., Abdou, H. A., & Elshandidy, T. (2017). Comparative evidence on the value relevance of IFRS-based accounting information in Germany and the UK. Journal of International Accounting, Auditing and Taxation, 28, 10-30.
Ball, R., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6, 159–178.
Barth, M. E. (1994). Value accounting: Evidence from investment securities and the market valuation of banks. The Accounting Review, 69(1), 1–25. http://doi.org/10.2307/248258
Barth, M. E., Beaver, W. H., & Landsman, W. R. (1996). Value-relevance of banks’ fair value disclosures under SFAS No. 107. Accounting Review. http://doi.org/10.2307/248569
Barth, M. E., Landsman, W. R., & Lang, M. H. (2008). International Accounting Standards and Accounting Quality. Journal of Accounting Research, 46(3), 467–498.
Barth, M. R., Braver, W. H., Hand, J. M., & Landsman, W. R. (1999). Accruals, cash flows, and equity values. Review of Accounting Studies, 4(3), 205–229.
Bogstrand, O., & Larson, E. A. (2012). Have IFRS Contributed to an Increased Value-Relevance ? Uppsala University. Department of Business Studies, (1606), 1–33.
Burgstahler, D., & Dichev, I. (1997). Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics, 24, 99-126.
Chalmers, K., Clinch, G., & Godfrey, J. M. (2011). Changes in value relevance of accounting information upon IFRS adoption: Evidence from Australia. Australian Journal of Management, 36(2), 151–173. http://doi.org/10.1177/0312896211404571
Chebaane, S., & Othman, H. Ben. (2014). The impact of IFRS adoption on value relevance of earnings and book value of equity: The case of emerging markets in African and Asian regions. Procedia - Social and Behavioral Sciences, 145(November 2015), 70–80.
Chen, C. J. ., Chen, S., & Su, X. (2001). Is accounting information value-relevant in the emerging Chinese stock market? Journal of International Accounting, Auditing and Taxation, 10(1), 1–22.
Clarkson, P., Hanna, J. D., Richardson, G. D., & Thompson, R. (2011). The impact of IFRS adoption on the value relevance of book value and earnings. Journal of Contemporary Accounting and Economics, 7(1), 1–17. http://doi.org/10.1016/j.jcae.2011.03.001
Collins, D. W., Edward, L. M., & Weiss, I. S. (1997). Changes in the value-relevance of earnings and book values over the past forty years. Journal of Accounting and Economics, 24(1), 39–67.
Elbakry, A. E., Jacinta, C. N., Hussein, A. A., & Tamer, E. (2017). Comparative evidence on the value relevance of IFRS-based accounting information in Germany and the UK. Journal of International Accounting, Auditing and Taxation, 28, 10–30.
Eng, L. L., Sun, L., & Vichitsarawong, T. (2013). The valuation properties of earnings and book values reported under IAS, domestic GAAP and U.S. GAAP: Evidence from China, Hong Kong, Japan, Korea and Singapore. Advances in Accounting, 29(2), 278–285.
Francis, J., & Schipper, K. (1999a). Have financial statements lost their relevance? Journal of Accounting Research, (2000), 1–4. Retrieved from http://www.jstor.org/stable/2490891
Francis, J., & Schipper, K. (1999b). Have Financial Statements Lost Their Relevance? Journal of Accounting Research, 37(2), 319–352. http://doi.org/10.2307/2491412
Francis, J., Olsson, P., & Schipper, K. (2006). Earnings quality. Foundations and Trends in Accounting, 1(4), 259–340.
Goodwin, J., & Ahmed, K. (2006). Longitudinal value relevance of earnings and intangible assets: Evidence from Australian firms. Journal of International Accounting, Auditing and Taxation, 15(1), 72–91. http://doi.org/10.1016/j.intaccaudtax.2006.01.005
Graham, R., King, R., & Bailes, J. (2000). The value relevance of accounting information during a financial crisis: Thailand and the 1997 decline in the value of the baht. Journal of International Financial Management and Accounting, 11(2), 84–107. http://doi.org/10.1111/1467-646X.00057
Ohlson, J. (1995). Earnings, book-values, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661–687.
Kargin, S. (2013). The impact of IFRS on the value relevance of accounting information: Evidence from Turkish firms. International Journal of Economics and Finance, 5(4), 71–80.
Khanagha, J. B., Mohamad, S., Hassan, T., & Sori, Z. M. (2011). The impact of reforms on the value relevance of accounting information: Evidence from Iran. African Journal of Business Management, 5(1), 96–107.
Lev, B., & Sougiannis, T. (1996). The capitalization, amortization, and value-relevance of R&D. Journal of Accounting and Economics, 21(1), 107–138.
Mironiuc, M., Carp, M., & Chersan, I.-C. (2015). The Relevance of Financial Reporting on the Performance of Quoted Romanian Companies in the Context of Adopting the IFRS. Procedia Economics and Finance, 20(15), 404–413. http://doi.org/10.1016/S2212-5671(15)00090-8
Mishari, M. A. (2016). The role of audit quality in firm valuation Evidence from an emerging capital market with a joint audit requirement. International Journal of Law and Management, Vol 58(5), 575–598.
Mohammed, Y. A., & Lode, N. A. (2016). The value relevance of accounting disclosures among listed Nigerian firms: IFRS adoption. Iranian Journal of Management Studies (IJMS), 9(4), 707–740. http://doi.org/10.5901/mjss.2015.v6n1p409
Muhammad, M. B., Kamarul, B. B. A. M., & Ishak, R. B. (2015). Relative and Incremental Value Relevance of Equity and Earnings in the Nigerian Financial Industry After Mandatory Adoption of International Financial Reporting Standard (IFRS). Advanced Science Letters, 21(6), 1927–1930.
Muhammad, Y. A., & Lode, N. A. (2015). Value relevance of liabilities and non-performing loans in emerging market: IFRS adoption in Nigeria. Advanced Science Letters, 21(6), 2015–2019. http://doi.org/10.1166/asl.2015.6190
NSE. (2013). Capital market bulleting.
Ohlson, J. (1995). Earnings, book-value, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661–687.
Okafor, O. N., Anderson, M., & Warsame, H. (2016). IFRS and value relevance: evidence based on Canadian adoption. International Journal of Managerial Finance, 12(2), 136–160. http://doi.org/10.1108/IJMF-02-2015-0033
Omokhudu, O. O., & Ibadin, P. O. (2015). Incremental Value Relevance of Disaggregated Book Values and Disaggregated Earnings: Evidence from Nigeria. Accounting and Finance Research, 4(3), 20–30. http://doi.org/10.5430/afr.v4n3p20
Oxford Business Group. (2010). The report Nigeria 2010.
Palea, V. (2014). Are IFRS value-relevant for separate financial statements? Evidence from the Italian stock market. Journal of International Accounting, Auditing and Taxation, 23(1), 1–17. http://doi.org/10.1016/j.intaccaudtax.2014.02.002
Păşcan, I.-D. (2015). Measuring the Effects of IFRS Adoption on Accounting Quality: A Review. Procedia Economics and Finance, 32(15), 580–587. http://doi.org/10.1016/S2212-5671(15)01435-5
Pirie, S., & Smith, M. (2008). Stock prices and accounting information: evidence from Malaysia. Asian Review of Accounting, 16(2), 109–133. http://doi.org/10.1108/13217340810889924
Prather-Kinsey, J. (2006). Developing countries converging with developed-country accounting standards: Evidence from South Africa and Mexico. The International Journal of Accounting, 41, 141-162.
Suadıye, G. (2012). Value Relevance of Book Value & Earnings Under the Local GAAP and IFRS: Evidence from Turkey. Yerel Muhasebe Standartlarına ve UFRS’ye Göre Hazırlanan Kar ve Özkaynak Rakamlarının Hisse Senedi Fiyatlarına Yansıması: Türkiye Örneği., 12(3), 301–310.
Tanko, M. (2012). The Effect of International Financial Reporting Standards (IFRS) Adoption on the Performance of Firms in Nigeria. Journal of Administrative and Economic Sciences, 5(2), 133–157.
Umoren, A. O., & Enang, E. R. (2015). IFRS Adoption and Value Relevance of Financial Statements of Nigerian Listed Banks. International Journal of Finance and Accounting, 4(1), 1–7. http://doi.org/10.5923/j.ijfa.20150401.01
Abubakar, M. Y., Abdulsallam, N., & Alkali, M. Y. (2017). The Impact of the New Accounting Reporting Among Listed Firms in Nigerian Stock Market. Asian Journal of Social Sciences and Management Studies, 4(1), 1–9.
Afolabi, A. A. (2015). Impact of the Nigerian capital market on the economy. European Journal of Accounting Auditing and Finance Research, 3(2), 88–96.
Agostino, M., Drago, D. & Silipo, D.B. (2011). The value relevance of IFRS in the European banking industry. Review of Quantitative Finance and Accounting, 36(3), 437–57.
Al-Hares, O. M., AbuGhazaleh, N. M., & Haddad, A. E. (2012). Value relevance of earnings, book value and dividends in an emerging capital market: Kuwait evidence. Global Finance Journal, 23(3), 221–234. http://doi.org/10.1016/j.gfj.2012.10.006
Amir, E., Harris, T., & Venuti, E. (1993). A comparison of the value-relevance of US versus non-US GAAP accounting measures using form 20-F reconciliations. Journal of Accounting Research, 31(3), 230–264. http://doi.org/10.2307/2491172
Elbakry, A. E., Nwachukwu, J. C., Abdou, H. A., & Elshandidy, T. (2017). Comparative evidence on the value relevance of IFRS-based accounting information in Germany and the UK. Journal of International Accounting, Auditing and Taxation, 28, 10-30.
Ball, R., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6, 159–178.
Barth, M. E. (1994). Value accounting: Evidence from investment securities and the market valuation of banks. The Accounting Review, 69(1), 1–25. http://doi.org/10.2307/248258
Barth, M. E., Beaver, W. H., & Landsman, W. R. (1996). Value-relevance of banks’ fair value disclosures under SFAS No. 107. Accounting Review. http://doi.org/10.2307/248569
Barth, M. E., Landsman, W. R., & Lang, M. H. (2008). International Accounting Standards and Accounting Quality. Journal of Accounting Research, 46(3), 467–498.
Barth, M. R., Braver, W. H., Hand, J. M., & Landsman, W. R. (1999). Accruals, cash flows, and equity values. Review of Accounting Studies, 4(3), 205–229.
Bogstrand, O., & Larson, E. A. (2012). Have IFRS Contributed to an Increased Value-Relevance ? Uppsala University. Department of Business Studies, (1606), 1–33.
Burgstahler, D., & Dichev, I. (1997). Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics, 24, 99-126.
Chalmers, K., Clinch, G., & Godfrey, J. M. (2011). Changes in value relevance of accounting information upon IFRS adoption: Evidence from Australia. Australian Journal of Management, 36(2), 151–173. http://doi.org/10.1177/0312896211404571
Chebaane, S., & Othman, H. Ben. (2014). The impact of IFRS adoption on value relevance of earnings and book value of equity: The case of emerging markets in African and Asian regions. Procedia - Social and Behavioral Sciences, 145(November 2015), 70–80.
Chen, C. J. ., Chen, S., & Su, X. (2001). Is accounting information value-relevant in the emerging Chinese stock market? Journal of International Accounting, Auditing and Taxation, 10(1), 1–22.
Clarkson, P., Hanna, J. D., Richardson, G. D., & Thompson, R. (2011). The impact of IFRS adoption on the value relevance of book value and earnings. Journal of Contemporary Accounting and Economics, 7(1), 1–17. http://doi.org/10.1016/j.jcae.2011.03.001
Collins, D. W., Edward, L. M., & Weiss, I. S. (1997). Changes in the value-relevance of earnings and book values over the past forty years. Journal of Accounting and Economics, 24(1), 39–67.
Elbakry, A. E., Jacinta, C. N., Hussein, A. A., & Tamer, E. (2017). Comparative evidence on the value relevance of IFRS-based accounting information in Germany and the UK. Journal of International Accounting, Auditing and Taxation, 28, 10–30.
Eng, L. L., Sun, L., & Vichitsarawong, T. (2013). The valuation properties of earnings and book values reported under IAS, domestic GAAP and U.S. GAAP: Evidence from China, Hong Kong, Japan, Korea and Singapore. Advances in Accounting, 29(2), 278–285.
Francis, J., & Schipper, K. (1999a). Have financial statements lost their relevance? Journal of Accounting Research, (2000), 1–4. Retrieved from http://www.jstor.org/stable/2490891
Francis, J., & Schipper, K. (1999b). Have Financial Statements Lost Their Relevance? Journal of Accounting Research, 37(2), 319–352. http://doi.org/10.2307/2491412
Francis, J., Olsson, P., & Schipper, K. (2006). Earnings quality. Foundations and Trends in Accounting, 1(4), 259–340.
Goodwin, J., & Ahmed, K. (2006). Longitudinal value relevance of earnings and intangible assets: Evidence from Australian firms. Journal of International Accounting, Auditing and Taxation, 15(1), 72–91. http://doi.org/10.1016/j.intaccaudtax.2006.01.005
Graham, R., King, R., & Bailes, J. (2000). The value relevance of accounting information during a financial crisis: Thailand and the 1997 decline in the value of the baht. Journal of International Financial Management and Accounting, 11(2), 84–107. http://doi.org/10.1111/1467-646X.00057
Ohlson, J. (1995). Earnings, book-values, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661–687.
Kargin, S. (2013). The impact of IFRS on the value relevance of accounting information: Evidence from Turkish firms. International Journal of Economics and Finance, 5(4), 71–80.
Khanagha, J. B., Mohamad, S., Hassan, T., & Sori, Z. M. (2011). The impact of reforms on the value relevance of accounting information: Evidence from Iran. African Journal of Business Management, 5(1), 96–107.
Lev, B., & Sougiannis, T. (1996). The capitalization, amortization, and value-relevance of R&D. Journal of Accounting and Economics, 21(1), 107–138.
Mironiuc, M., Carp, M., & Chersan, I.-C. (2015). The Relevance of Financial Reporting on the Performance of Quoted Romanian Companies in the Context of Adopting the IFRS. Procedia Economics and Finance, 20(15), 404–413. http://doi.org/10.1016/S2212-5671(15)00090-8
Mishari, M. A. (2016). The role of audit quality in firm valuation Evidence from an emerging capital market with a joint audit requirement. International Journal of Law and Management, Vol 58(5), 575–598.
Mohammed, Y. A., & Lode, N. A. (2016). The value relevance of accounting disclosures among listed Nigerian firms: IFRS adoption. Iranian Journal of Management Studies (IJMS), 9(4), 707–740. http://doi.org/10.5901/mjss.2015.v6n1p409
Muhammad, M. B., Kamarul, B. B. A. M., & Ishak, R. B. (2015). Relative and Incremental Value Relevance of Equity and Earnings in the Nigerian Financial Industry After Mandatory Adoption of International Financial Reporting Standard (IFRS). Advanced Science Letters, 21(6), 1927–1930.
Muhammad, Y. A., & Lode, N. A. (2015). Value relevance of liabilities and non-performing loans in emerging market: IFRS adoption in Nigeria. Advanced Science Letters, 21(6), 2015–2019. http://doi.org/10.1166/asl.2015.6190
NSE. (2013). Capital market bulleting.
Ohlson, J. (1995). Earnings, book-value, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661–687.
Okafor, O. N., Anderson, M., & Warsame, H. (2016). IFRS and value relevance: evidence based on Canadian adoption. International Journal of Managerial Finance, 12(2), 136–160. http://doi.org/10.1108/IJMF-02-2015-0033
Omokhudu, O. O., & Ibadin, P. O. (2015). Incremental Value Relevance of Disaggregated Book Values and Disaggregated Earnings: Evidence from Nigeria. Accounting and Finance Research, 4(3), 20–30. http://doi.org/10.5430/afr.v4n3p20
Oxford Business Group. (2010). The report Nigeria 2010.
Palea, V. (2014). Are IFRS value-relevant for separate financial statements? Evidence from the Italian stock market. Journal of International Accounting, Auditing and Taxation, 23(1), 1–17. http://doi.org/10.1016/j.intaccaudtax.2014.02.002
Păşcan, I.-D. (2015). Measuring the Effects of IFRS Adoption on Accounting Quality: A Review. Procedia Economics and Finance, 32(15), 580–587. http://doi.org/10.1016/S2212-5671(15)01435-5
Pirie, S., & Smith, M. (2008). Stock prices and accounting information: evidence from Malaysia. Asian Review of Accounting, 16(2), 109–133. http://doi.org/10.1108/13217340810889924
Prather-Kinsey, J. (2006). Developing countries converging with developed-country accounting standards: Evidence from South Africa and Mexico. The International Journal of Accounting, 41, 141-162.
Suadıye, G. (2012). Value Relevance of Book Value & Earnings Under the Local GAAP and IFRS: Evidence from Turkey. Yerel Muhasebe Standartlarına ve UFRS’ye Göre Hazırlanan Kar ve Özkaynak Rakamlarının Hisse Senedi Fiyatlarına Yansıması: Türkiye Örneği., 12(3), 301–310.
Tanko, M. (2012). The Effect of International Financial Reporting Standards (IFRS) Adoption on the Performance of Firms in Nigeria. Journal of Administrative and Economic Sciences, 5(2), 133–157.
Umoren, A. O., & Enang, E. R. (2015). IFRS Adoption and Value Relevance of Financial Statements of Nigerian Listed Banks. International Journal of Finance and Accounting, 4(1), 1–7. http://doi.org/10.5923/j.ijfa.20150401.01