IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 8 NO. 7 2022
DOI: https://doi.org/10.56201/ijssmr.v8.no1.2022.pg32.40

---

Value Relevance of Accounting Information in Pre-Post Covid 19 Pandemic

Onyenaju Oghenero Cosmas, FCA, Dr Nkechi Ofor

---

Abstract

This study examined whether the COVID 19 pandemic improves or not the value relevance of accounting information in healthcare companies in Nigeria. Specifically, the study determined the effect of book value per share on market price per share of healthcare manufacturing companies in Nigeria. The hypothesis was formulated in line with the objective of the study. Ex Post Facto research design, data were extracted from annual accounts of the sampled companies. The data were analyzed and tested with regression analysis via SPSS version 20.0. The study revealed that market value per share does not improve after the COVID 19 pandemic. Imply that emergence of COVID 19 pandemic does not contributes positively on the book value per share of healthcare manufacturing companies in Nigeria. Based on the study's findings, the study In order for Nigerian companies to improve their earnings, they need to place a greater emphasis on business expenses and devise novel strategies for cutting costs.

keywords:

Value relevance, Accounting information, Book value per share and Market value per shares.

---

References:

Abiodun, B., Y., (2012). Significance of accounting information on corporate values of firms in
Nigeria. Research journal in organizational psychology & educational studies 1(2) 105-
113, pp. 105 - 113.

Aras, G.R, & Mustafa K.Y.(2008). Price-earnings ratio, dividend yield, and market-to-book ratio
to predict return on stock market: Evidence From The Emerging Markets." Journal of
Global Business and Technology 4(1), 18.

Abubakar, S. (2015). Intangible assets and value relevance of accounting information of listed
high-tech firms in Nigeria. Research Journal Of Finance and Accounting..6(11), 2015
ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online

Adaramola A. O. & Oyerinde, A. A. (2014). Value relevance of financial accounting information
of quoted companies in Nigeria: A Trend Analysis. Research Journal of Finance and
Accounting, ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online)5(8), 2014.

Adaramola A. O. & Oyerinde, A. A. (2014). The relationship between financial accounting
information and market values of quoted firms in Nigeria. Global journal of
contemporary r bbbbesearch in accounting, auditing and business ethics (GJCRA) An
Online International Research Journal (ISSN: 2311-3162) 1 (1)

Barth, M. E., & Beaver, W. H. (2000). The Relevance of value relevance research. In Journal of
accounting & economics conference (pp. 1–41).

Barth, M. E., Cram, D. P., & Nelson, K. K. (2001). Accruals and the prediction flows of future
cash. American Accounting Association, 76(1), 27–58.

Baltariu, C.A. (2015). The current state of knowledge in the value relevance research field. SEA
- Practical Application of Science, Volume III, Issue 1 (7) / 2015.

Belkaoui, A. R. (2004). Accounting theory (4 th edition). United Kingdom: T. J. International.
Benston, G. J. (2007). Contemporary issues in financial reporting: a user-oriented approach. The
International Journal of Accounting, February, 23-32.

Beisland, L. A. (2009). A Review of the value relevance literature. The open business journal,
2(1), 7–27. doi:10.2174/1874915100902010007.
BDO. (2020). Potential effects of the coronavirus outbreak on 2020 reporting periods and
onward. Int Financial Rep Bulletin, 2020; 3:1-14.

Charumathi, B., & Suraj, E. S. (2015). Value relevance of earnings and book value for bank
stocks – An empirical analysis using Ohlson valuation model. Global journal of
management and research.
CAS. Guidance notes on COVI-19 pandemic: Implications on financial reporting. Retrieved
from
https://esafa.org/wp-content/uploads/2020/09/Guidance-Notes-COVID-19-

DOWNLOAD PDF

---

Back