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THE IMPORTANCE OF THE IFRS IN INDIA

Ntoung A. T. Lious, Outman Ben Chettah, Eva Masárova

DOI: 10.22495/cbv12i2art6

Abstract

In this article the authors study the impact of the mandatory International Financial Reporting Standard (IFRS) adoption has on the value relevance of accounting numbers based on a sample of 440 listed firms. The aim is to identify the effects of the mandatory IFRS adoption by relying on panel data gathered over the period 2002 to 2012 resulting in more than 4,840 firm-year observations. Two models of Panel regression (stock returns and price models) were employed. The main finding shows that the adoption of IFRS across the studied period results to some improvement in the value relevance of accounting information with the stock return model. With respect to the price models, our result shows that there was slight difference in the value relevance of accounting information after the mandatory IFR adoption across India listed firms.

Keywords: IFRS, Stock Returns, Share Price, Value Relevance, Earnings

How to cite this paper: Ntoung, A. T. L., Chettah, O. B., & Masárova, E. (2016). Governance among Malaysian high performing companies. Corporate Board: role, duties and composition, 12(2), 46-53. http://doi.org/10.22495/cbv12i2art6

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