Accounting Disclosure : Impact on Equity Share Investment – An Evidence Based Analysis

This research study finds the relationship between accounting information and equity share investment in listed companies on the Johannesburg Stock Exchange. The main goal of this study is to establish the effect of financial accounting information on the equity share investment of companies listed on the Johannesburg Stock Exchange. Precisely, the study finds the effect of earnings per share, book value per share, return on equity and cash flows from operation per share on the equity share investment which is measured by Share Price. A multiple Linear Regression Model was used along with R programming language. The results of this study found that there is a significant positive relationship between accounting information, especially, earning per share and equity share investment of companies listed on the Johannesburg Stock Exchange. Also, study provides a solid evidence that earning per share alone can influence and explain the variability in the equity share prices of listed companies.