Effective Management of Stock Price on Earning Surprises: Evident from Nigeria

Echefu, S. C.; Ifurueze, M.; Emeka-Nwokeji, N. A.

Effective Management of Stock Price on Earning Surprises: Evident from Nigeria

Authors: Echefu, Silas C., Ifurueze, Meshack, Emeka-Nwokeji, N. A.

Journal: International Journal of Advanced Finance and Accounting (IJAFA), ISSN 2765-8457

Citation: IJAFA 2(6): 59-74, 2021-09-30.

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Type: Original Research

Abstract

This study examined the effective Management of Stock Price on Earning Surprises.: Evident from Nigeria. the specifics objectives are to, evaluate how stock price and stock management affects earnings surprises. The study explored an ex-post facto research design. Secondary data was used. The data was gleaned from annual reports and financial statements of selected manufacturing companies listed on Nigerian stock exchanges. The non-experimental study looked at the cause-and-effect relationship between the dependent and independent variables. Panel least square regression were used to analyzed the data. The finding reveals that stock price (SP) has an effect on earnings surprise. The p-value shows to be (P=0.0043) which indicates a significantly effect at 5% level of significance. And stock management (SM) has an effect on earnings surprise. The p-value shows to be (P

Keywords

Effective Management, Stock Price, Earning Surprises, Nigeria

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