EFFECT OF REAL EARNINGS MANAGEMENT ON THE MARKET VALUE OF LISTED MANUFACTURING FIRMS IN NIGERIA

The study examined the effect of real earnings management on the market value of listed manufacturing firms in Nigeria. The study population comprised fifty-one (51) listed manufacturing firms while purposive sampling method was employed to select sample size of thirty-eight (38) listed firms. Data were collected from the sampled listed manufacturing firms for the period 2011-2021. The analysis of the study was done through panel regression-random effect. The results revealed that real earnings management exerts negative influence on the market value of the sampled firms measured with Tobin Q (t=-2.411; p<0.05) respectively. The study concluded that real earnings management are detrimental to the market value of Nigerian listed manufacturing firms The study recommended that management of Nigerian manufacturing firm should put measures in place to limit the practice of real and accrual earnings management