IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 2 2025
DOI: 10.56201/jafm.vol.11.no2.2025.pg317.335

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The Correlation Between Financial Accounting Details and Stock Market Performance

Uchime Helen Nkem, Thereasa Nkechi Ofor

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Abstract

This study examines the influence of financial accounting details on stock market performance of insurance firms in Nigeria. Stock market performance was proxy by Share price index of the insurance firms as the dependent variable, while the independent variables included Book Value Per Share, Debts to Total Asset Ratio (DTAR), Dividend Per Share, Current ratio, Firm Growth, and Earnings Per Share. The study adopted the ex-post-facto research design and data covering the period 2013 -2022 were collated from annual reports of insurance firms listed on the Nigeria Exchange Group. Panel multiple regression was used to estimate the relationship between these financial accounting details and stock market performance. The result revealed

keywords:

Market Share Performance, Earnings Per Share, Dividend Per Share, Debt to

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