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Accounting constructs and economic consequences of IFRS adoption in India

Vedprakash Vasantrao Meshram and Jagriti Arora

Journal of International Accounting, Auditing and Taxation, 2021, vol. 45, issue C

Abstract: In this study, we investigate the effects from the adoption of International Financial Reporting Standards based Indian Accounting Standards (Ind-AS) on the quality and comparability of financial reporting by Indian firms. Further, we examine whether these changes in reporting quality and comparability lead to improvement in a firm's valuation, liquidity, and return volatility. We find that the implementation of Ind-AS improves financial comparability. Further, we report that improvements in accounting comparability, rather than reporting quality, had a more significant and relatively greater effect on economic outcomes for Indian firms around the time of Ind-AS adoption.

Date: 2021
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DOI: 10.1016/j.intaccaudtax.2021.100427

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