Current Volume 9
Earning Volume and Share Price Volatility: Impact of The Nigerian Stock Exchange (1996 – 2025)
Abstract
The study investigated on earnings volume and share price volatility. The stock exchange market serves as the backbone for most contemporary economies, serving a critical need of raising funds for companies at a reasonable cost. The major objectives of the study are to determine how earnings volume affects share price volatility in the Nigerian Stock Exchange, to ascertain the effect of dividends on share price volatility and to determine the effect of price-earnings ratio on share price volatility. To achieve the objectives of the study, ordinary least square (OLS) research design was adopted. The researcher adopted secondary data in getting the required information; The First Bank of Nigeria was selected to represent the entire banking industry with data covering period of ten years (1996-2025). In testing the hypotheses, regression analysis was used was used. The findings revealed that earnings volume has a significant effect on share price volatility. The findings further revealed that dividends has a significant effect on share price volatility, price earnings ratio has a significant effect on share price volatility. The researcher recommends that Banks should stop announcing their corporate earnings on a quarterly basis. Rather, they should adopt the method of announcing their corporate earnings on an annual basis. The researcher also recommends that there should be an adoption of a stable dividend per share policy in order to reduce share price volatility. This entails companies paying a constant (fixed) dividend per share every year. If this is adopted, it would have an impact on reducing fluctuation in share price.
Citations
IRE Journals:
Dr. Sabiu Sani Bariki, Obi Ikenna Daniel "Earning Volume and Share Price Volatility: Impact of The Nigerian Stock Exchange (1996 – 2025)" Iconic Research And Engineering Journals Volume 9 Issue 11 2026 Page 3644-3655 https://doi.org/10.64388/IREV9I11-1718146
IEEE:
Dr. Sabiu Sani Bariki, Obi Ikenna Daniel
"Earning Volume and Share Price Volatility: Impact of The Nigerian Stock Exchange (1996 – 2025)" Iconic Research And Engineering Journals, 9(11) https://doi.org/10.64388/IREV9I11-1718146
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