FINANCIAL REPORT AND STOCK VOLATILITY IN NIGERIA

Akinyede, Oyinlola Morounfoluwa

FINANCIAL REPORT AND STOCK VOLATILITY IN NIGERIA

Abstract: There is a great impact of bank lending to the economy development, the financial system is not stable, measures have been recommended on how management and monetary authority can ensure liquidity, solvency and profitability of commercial banks and the financial system at large. The research therefore set to investigate the relationship that exist between balance sheet information, profit and loss statement and cash flow statement on share volatility. The findings revealed R-squared (R2) on the Balance Sheet Information of 0.278; the Profit and Loss account 0.384 and the cash flow statement .03 The outcome reveals F-statistics and probability value is of 4.245 (0.028) Balance Sheet Information; 1.899(0.147) Profit and Loss Account and0.038(0.962) respectively. This shows a statistically significant Balance Sheet Information and cash flow statement. whereas the Profit and Loss account statistically insignificant to stock volatility. The results of this research suggest that shareholders, potential shareholders, stakeholders, and other investors should consider the stock prices of the selected banks when making decisions about investing in them. This research will also be beneficial to companies listed in the stock exchange, the governments, and their securities regulators by being able to better understand the factors driving investor decision making and the impact of market volatility on investments.

KIJHUS Volume. 4, Issue 1 (2023)

Contributor(s)

Keywords

Download Full-text (PDF)

FINANCIAL REPORT AND STOCK VOLATILITY IN NIGERIA