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
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Keywords
- Indian financial reporting standard
- jewelry organizations
- convergence of Indian financial reporting standard
- stock market
- performance
- financial statements
Main Subjects
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