IMPACT OF FINANCIAL STATEMENTS ON INVESTMENT DECISION MAKING (A STUDY OF UBA PLC, ABA)
Abstract
ABSTRACT
This study examined the role of financial statements in investment decision with special attention to UBA Nigeria Plc, Aba. As organization of study, problems such as low profitability, low market share and poor investment decision led to the study. The objectives examined the extent to which financial statements or reports affect profitability, market share and investment decision. The review of related literature was divided into three compartments; made of concept, theories and empirical review. The research design employed was survey design. A population of 100 was used, simple random sampling technique was employed in selecting the sample size, calculated using the Taro Yamene formular. In testing the hypotheses formulated for this study, chi-square (x2) statistical tool was employed. Findings revealed that financial statements have significant positive effects or profitability. Based on this, it was recommended for organizations to follow accounting conventions and principles that do not contract accounting standards in order to avoid misrepresentation and misinterpretation of figures
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