skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Examining the cash flow statement relevance for measuring the business performance in Nigeria

International Journal of Research in Business and Social Science, 2021-01, Vol.10 (4), p.249-254 [Peer Reviewed Journal]

Copyright Society for the Study of Business and Finance 2021 ;ISSN: 2147-4478 ;EISSN: 2147-4478 ;DOI: 10.20525/ijrbs.v10i4.1204

Full text available

  • Title:
    Examining the cash flow statement relevance for measuring the business performance in Nigeria
  • Author: Idehen, Amadin Victor ; Akhator, Karen
  • Subjects: Balance sheets ; Bank earnings ; Cash flow forecasting ; Cash flow statements ; Central banks ; Decision making ; Efficient markets ; Financial statements ; International accounting standards ; Investments ; Market prices ; Securities markets ; Stock exchanges ; Stockholders
  • Is Part Of: International Journal of Research in Business and Social Science, 2021-01, Vol.10 (4), p.249-254
  • Description: The study examined the relevance of the statement of cash flow in the measurement of Business performance. The methodology used is a review of relevant and extant literature, First Bank share prices from 2012 -2021 after which a conclusion was made. Statement of cash flow has been a subject of debate among scholars due to some limitations in the preparation of cash flow statements. It was revealed that First Bank share prices that rose from all-time low in 2015 and 2016 to a sudden upsurge in 2018 is a reflection that the share prices did not reflect the intrinsic value of the firm. The information in the financial statement was not adequate to guide the various stakeholders. Failure of First Bank to disclose Central Bank of Nigeria forbearances, amount to material misrepresentation and led to a bubble of the share prices. The quick pick-up of the share prices after the sacked of FBN management is evidence of some investors ' belief in the bubble share prices.
  • Publisher: Istanbul: Society for the Study of Business and Finance
  • Language: English
  • Identifier: ISSN: 2147-4478
    EISSN: 2147-4478
    DOI: 10.20525/ijrbs.v10i4.1204
  • Source: Alma/SFX Local Collection
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait