Value Relevance of Accounting Information : An Empirical Study on Construction Companies Listed on Bombay Stock Exchange /

This study aims at providing empirical evidence related to value relevance of earnings per share, book value per share, dividend per share, price-to-book value per share, cash flow from operations, net worth and assets turnover ratio on the share price of construction contract of real estate companies listed on Bombay Stock Exchange (BSE). The study is conducted using secondary data. Two panel data techniques, i.e., fixed-effect model and random effect model, are employed to examine the value relevance of accounting information in construction companies listed on BSE. Earnings per share and price-to-book value per share are reported to have positive and statistically significant relationship with share price.