Mandatory IFRS enforcement and value relevance of accounting information in India

• Autores: Anubha Srivastava, Preeti Kulshrestha, Tushar Ranjan Panigrahi, Rashmi Rai
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 69, Nº. 4, 2024, págs. 302-326
• Idioma: español
• Títulos paralelos:
  • Aplicación obligatoria de las NIIF y relevancia del valor de la información contable en la India
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Este estudio investiga la influencia de la aplicación de las NIIF en el poder explicativo de las ganancias y el valor contable sobre el precio de mercado en una economía emergente, India, durante cinco años, es decir, dos años antes de la aplicación obligatoria de las NIIF para 2014-2015 y tres años después de la aplicación de las NIIF para 2016. - 2018. Se examinaron un total de 3470 observaciones por año de empresa reuniendo datos del sitio web de la BSE y los informes anuales de las empresas para este fin. Los hallazgos del estudio concluyen que el entorno de información financiera ha mejorado después de la introducción de las NIIF, lo que se reflejó a través de una asociación fuerte y significativa entre el precio de mercado y sus dos variables dominantes, las ganancias y los valores contables. Sin embargo, los hallazgos también sugieren que las ganancias han sido predictores más sólidos y significativos del precio de mercado después de la aplicación de las NIIF que los valores contables, que mostraron una asociación negativa con el precio de mercado y disminuyeron después de la aplicación de las NIIF. El estudio también adolece de diversas limitaciones similares a estudios anteriores, como conjuntos de datos limitados y años combinados con solo dos variables, y sugiere un margen futuro para la investigación en diversos ángulos donde los investigadores pueden emplear el modelo de retorno y agregar más variables de control como flujos de efectivo. apalancamiento, tamaño, crecimiento...

  • English

    This study investigates the influence of IFRS enforcement on the explanatory power of earnings and book value on the market price in an emerging economy, India over five years that is two years before mandatory IFRS enforcement for 2014-2015 and three years after IFRS enforcement for 2016- 2018. Total 3470 firm-year observations were examined by assembling data from the BSE website and the annual reports of the firms for this purpose. The findings of the study conclude that the financial reporting environment has improved after introducing the IFRS, which was reflected through a strong and significant association between market price and its two dominating variables earnings and book values. However, the findings also suggest that earnings have been stronger and more significant predictors of market price post-IFRS enforcement than book values, which showed a negative association with market price and declined after IFRS enforcement. The study also suffers from diverse constraints similar to previous studies such as limited data sets and years coupled with only two variables and suggests future scope for research in diverse angles where researchers can employ the return model, and add more control variables such as cash flows, leverage, size, growth...

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