Advances in Management and Applied Economics
Value relevance of Financial Statements Information: Evidence from listed firms in Kenya
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This study examined the relationship between share prices and dividends, earnings and book values for companies listed on the Nairobi Securities Exchange (NSE) in Kenya for the six years period between 2005 and 2010. Using panel data analysis the study found evidence that there is a positive and significant relationship between stock prices and dividends, earnings and book values for the firms listed on the NSE. The study established that dividends have more explanatory power compared to earnings and book values.
ISSN: 1792-7552 (Online)