Earnings Quality and Investor Perceptions of the Selected Listed Companies in Nigeria

Investors' perception is a significant factor in the survival of every listed company, and the earning quality of entities majorly impacts it. Hence, this study investigated the impact of earning quality on investors' perception of the selected listed companies in Nigeria. The study's specific objectives were to (i) evaluate the relationship between accrual quality and investor perceptions in the selected Nigerian listed companies and (ii) assess the impact of value relevance on investor perceptions regarding the earnings of Nigerian listed companies. The study adopted an ex-post-facto research design, and the secondary data was collected from the company's annual report submitted to the Nigerian Stock Exchange. Fixed and random effect regression analysis was used for the analysis of data selected from 6 listed companies. The study concluded that value relevance had a significant effect on investors' perception, with a coefficient (β=1.672, p<0.01), and inflation also had a significant effect on investors' perception, with the coefficient (β=6.895, p<0.072). While other variables like size, accrual quality, audit quality, and Gross Domestic Product do not have any effect on investors' perception of the selected listed companies in Nigeria.