This study examines earnings surprise and share price of firms in Nigeria. It sought to evaluate the impact of earnings surprise in predicting share price of firms. The paper employed the Ohlson valuation model and variants of the model to ascertain the impact of earnings surprise on share...

Banks in Nigeria make their Initial Public Offer (IPOs) with the hope of successful subscription of the issue and increased returns to the original shareholders. They also have a high expectation that the offer price is a function of the stability of the IPO shares after being quoted. Using the...