THE RELATIONSHIP BETWEEN EARNING PER SHARE AND THE PRICE OF SHARES ON THE NIGERIAN STOCK EXCHANGE
THE RELATIONSHIP BETWEEN EARNING PER SHARE AND THE PRICE OF SHARES ON THE NIGERIAN STOCK EXCHANGE
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Date
2014-03-13
Authors
ACHIATAR, BENJAMIN H.
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Abstract
In the world of uncertainties, risk is the one ever
present variable in investment decision making. Once
Management has a clear cut view of the relationship between
risk and returns on investment, rules for undertaking
investments can be developed. It is the return on investment
which determines the extent of risk the investor can
accept. The return on investment also determines to a large
extent the demand and price for any given security. It
all boils down to the fact that a proper insight can only
be gained about any stock market if the relationship between
the return on investment and price of shares is properly
explored.
The return on investment can be said to be governed
by the profit available to shareholders for distribution
and for purposes of comparability it is calculated as
earnings per share.
In order to enhance the understanding of the Nigerian
Stock Exchange this study titled "The Relationship Between
Earnings Per Share and The Price of Shares on the Nigerian
Stock Exchange" has been undertaken and covers the period
1985 - 1989. The first Chapter therefore explains the background
and research problem; it also goes further to consider
the purpose and significance as well as the scope and
limitations.
In the second Chapter on Literature Review,
the capital market in general is considered and all the
factors responsible for changes in stock price highlighted
together with tools of analysis and theories of the stock
market. The Chapter on Methodology explains the research
design, sample and the construction of market index. The
fourth Chapter is on historical background of each of the
companies sampled, while the last two Chapters are devoted
to research findings, summary, conclusion and recommendations
respectively.
Description
A DISSERTATION SUBMITTED TO
THE POSTGRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA
IN PARTIAL FULFILLMENT OF THE
REQUIREMENTS FOR THE AWARD OF THE
DEGREE M.SC (ACCOUNTING & FINANCE
Keywords
RELATIONSHIP,, EARNING,, PRICE,, SHARES,, NIGERIAN STOCK,, EXCHANGE