FAIR VALUE UNOBSERVABLE INPUTS ON THE VALUE RELEVANCE OF LISTED DEPOSIT MONEY BANKS (DMBs) IN NIGERIA

Authors

  • Amos Osikpemhi OZEMOYA Ahmadu Bello University Zaria
  • Luka MAILAFIA Ahmadu Bello University Zaria

DOI:

https://doi.org/10.57233/gujaf.v2i3.73

Keywords:

Fair value, Value relevance, Unobservable inputs, Book value per share, Earnings per share

Abstract

This study addressed the influence of fair value of unobservable inputs on the interrelationship between the value relevance of listed DMBs in Nigeria. The sample is comprised of ten (10) listed deposit money banks (DMBs) in Nigeria for seven (7) years (between 2012 and 2018). Secondary data were obtained from the annual reports and accounts of the listed DMBs in Nigeria and the panel multiple regression technique of data analysis was employed as the tool for analysis. Results from the regression analysis revealed that there is positive significant relationship between fair value unobservable inputs, book value per share on the value relevance of accounting information. Based on the findings it is therefore recommended that management of listed deposit money banks should take cognizance of fair value inputs when preparing financial statements.

Author Biographies

Amos Osikpemhi OZEMOYA, Ahmadu Bello University Zaria

Department of Accounting
ABU Business School
Ahmadu Bello University Zaria

Luka MAILAFIA, Ahmadu Bello University Zaria

Department of Accountimg
ABU Business School
Ahmadu Bello University, Zaria
08065635743

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Published

2021-04-21

How to Cite

Osikpemhi OZEMOYA, A., & MAILAFIA, L. (2021). FAIR VALUE UNOBSERVABLE INPUTS ON THE VALUE RELEVANCE OF LISTED DEPOSIT MONEY BANKS (DMBs) IN NIGERIA. Gusau Journal of Accounting and Finance, 2(3), 20. https://doi.org/10.57233/gujaf.v2i3.73