Web of Science (Emerging Sources Citation Index), ISC

Document Type : Original Research Article

Authors

School of Management, KIIT University, Bhubaneswar, Odisha

Abstract

We analyzed the effect of combining with IFRS on the stock market performance of selected jewelry organizations recorded in S&P BSE 100. The period of seven years from 2013 to 2019 was chosen and Ordinary Least Square (OLS) regression model was utilized for the examination. The results revealed that the worth of financial statements was high on converging with IFRS. The effect of budget (financial) report factors on the Indian Stock Market was proved to be evident regarding PAT. Be that as it may, all financial variables showed a huge relationship with securities exchange market indicators.

Graphical Abstract

The convergence of IFRS and its impact on the stock market performance of the jewelry industry

Keywords

Main Subjects

[1] E. Abbasi, Archives of Business Research, 2016, 4, 43-58.
[2] E. Adedayo, O. Foluke, O. Paul, International Journal of Accounting Research, 2018, 3, 23-34.
[3] B. Agyei-Mensah, International Journal of Accounting and Financial Reporting, 2014, 3, 269-278.
[4] M. Dvořák, L. Vašek, Procedia Economics and Finance, 2015, 25, 156-165.
[5] C. Ezeagba, Journal of Policy and Development Studies, 2017, 11, 21-42.
[6] H. Garrouch, M. Hadriche, A. Omri, International Journal of Managerial and Financial Accounting, 2014, 6, 322-339.
[7] M. Harris, K. Muller, J. Account. Econ., 1999, 26, 285-312.
[8] C. Haslam, Accounting, Economics, and Law: A Convivium, 2017, 7, 105-108.
[9] J. Hoon Yuk, W. Bin Leem, Investment Management, and Financial Innovations, 2017, 14, 243-250.
[10] Y. Kitamura, Asia-Pacific Financial Markets, 2010, 18, 1-31.
[11] D. Mbir, O. Agyemang, G. Tackie, M. Abeka, Cogent Bus. Manag., 2020, 7, 321-333.
 [12] D. Ngoc Hung, P. Duc Cuong, V. Thi Bich Ha, Investment Management and Financial Innovations, 2018, 15, 210-218.
[13] M. Nnadi, Global Business and Economics Review, 2015, 17, 399-411.
[14] E. Olayinka, E. Emoarehi, O. Paul, International Journal of Accounting Research, 2017, 2, 52-61.
[15] I. Radikoko, E. Ndjadingwe, International Journal of Innovation and Economic Development, 2015, 1, 24-37.
[16] A. Salisu, T. Oloko, O. Oyewole, Borsa Istanbul Review, 2016, 16, 210-218.