European Journal of Accounting, Auditing and Finance Research (EJAAFR)

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Financial Reporting Quality and Its Effect on Investment Decisions by Nigerian Deposit Money Banks

Abstract

The study investigated the effects of financial reporting quality on investment decision making by Deposit Money Banks in reference to Zenith Bank Plc, Nigeria. Data obtained from the audited annual reports of Zenith Bank Plc that covered period of  2009 – 2016.The study utilised both Descriptive and Ordinary Least Square Regression method with the aid of using  E-view 9 to analyse the data. The findings showed that, there was a significant effect of   variables of (Financial Reporting Quality FRQ measures as profit after tax, cash used in/ from investing and cash and cash equivalent) on investment. The result also shows that, Financial Reporting Quality has significantly influenced on investment of Deposit Money Banks with (R2 = 0.98; P <0.05). The study concluded that, higher financial reporting quality increases investment decision by Deposit Money Banks in Nigeria.

Keywords: Cash, Deposit Money Banks, Financial Reporting Quality., Investment, Nigeria, Profit after tax

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This work by European American Journals is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 4.0 Unported License

 

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Email ID: editor.ejaafr@ea-journals.org
Impact Factor: 7.77
Print ISSN: 2053-4086
Online ISSN: 2053-4094
DOI: https://doi.org/10.37745/ejaafr.2013

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