Value-Relevance of Accounting Information of Quoted Companies in Nigeria
A Conceptual Approach
This research conceptually examines the value relevance of accounting information in the Nigerian stock market, with a view to determining whether accounting information has the ability to capture data that affect share prices of firms listed on the NSE. This study is a library research using the relevant literature review to conceptually examine the value relevance of accounting numbers. The research suggested that all companies listed on Nigerian Stock Exchange should prepare Simplified Investor’s Summary Accounts (SISA) with emphases on the most widely used accounting information along the required mandatory detailed financial statements to suit Nigerian peculiarities. The afore-mentioned measures are anticipated to increase investors’ confidence in accounting numbers and by extension the economic growth in Nigeria.