ABSTRACT
The primary function of financial statements is to give information that can help existing and potential investors, creditors, and other users make sound investment, credit, and other decisions. The increased use of integrated reporting techniques has spurred regulators, practitioners, and scholars to investigate the advantages of integrated reporting by businesses. It has raised the issue of increasing the value relevancy of financial information. The value relevance of integrated reporting procedures by listed non-financial enterprises in Nigeria was investigated in this study.
The dependent variable, Market Price Per Share, was regressed on the independent variables, integrated Reporting, Earnings Per Share, Book Value of Share, and Firm's Leverage. In order to satisfy the research aims, a sample of fifty-one (51) listed Non-Financial firms from 2013 to 2022 were evaluated using descriptive statistics, correlation analysis, and regression approaches. The Ordinary Least Squares Method was used in this research, and the empirical results demonstrated that there is a substantial linear relationship between the dependent and independent variables as a group. Leverage had no significant impact on the Firm Value of Non-Financial Firms among the four variables studied in the study. The research also discovered that Integrated Reporting Earnings Per Share and Book Value of Share have a beneficial impact on Firm Value.
According to the report, firms should emphasize strategies aimed at sustaining and boosting earnings due to the exceptionally strong positive association between Earnings per Share (EPS) and Market Price of Shares (MPS). This could include measures to increase income, control costs, and improve operational efficiency. Consistent profitability not only raises market valuations but also gives investors confidence in the company's financial success. Maintaining a proper debt-equity balance is critical for ensuring financial stability and mitigating potential hazards associated with excessive leverage. Firms should carefully analyze the influence of their capital structure on market perception.
