EFFECT OF PUBLISHED FINANCIAL STATEMENTS ON SHAREHOLDERS INVESTMENT DECISIONS
Abstract
ABSTRACT
This research project investigates the usefulness of published annual report andaccounts to shareholders holding shares in Delta State. It tries to find out howpublished annual report and accounts of companies are useful to theirshareholders and to suggest possible solution. The materials used for this workhave been obtainedI through very extensive field and rigorous data collectionprocess. Questionnaires were administered on each category of shareholdersnamely,professionals with accounting knowledge (PWAK), businessmen (BM),institutional shareholder (IS) and others in Delta State. The statistical tool usedwas chi-square at 5% level ofsignificance to avoid sectional tool used was chi-square at 5% level of significance to avoid sectional generalization. Findingsbased on two hypothesis lasted show that. there is Significant proportion ofshareholder in each categories use annual report and accounts in apprising theperformance of their companies. Actually annual report is useful and will helpprudent investors to make judicious investment decision.
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