Dalarna University's logo and link to the university's website

du.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Does IFRS adoption impact the stock prices?: A comparative study
Dalarna University, School of Technology and Business Studies, Business Administration and Management.
2020 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Purpose- The purpose of this paper is to investigate the impact of IFRS adoption on stock prices in 5 countries which have adopted IFRS 2012 compared with the stock prices in 4 countries which have not adopted IFRS at all.

Design/methodology/approach – The authors have collected numeric and secondary data from 45 firms from 9 countries to conduct the empirical study. Thus, the research strategy is quantitative, and the approach is deductive. Data analyzing is done by using a statistical program called STATA. The authors have used the Difference in Difference model.

Findings and conclusion- The study has shown that the effect of IFRS adoption on stock prices is insignificant in the countries which have adopted IFRS 2012. The change in stock prices of the two groups of countries is insignificant. Stock prices have increased in some countries and at the time it has decreased in other countries regardless whether the countries mandated IFRS or not. The study has also found log profit and dividend per share have a significant impact on the stock prices. The study also has found log profit and dividend per share have decreased after compliance with IFRS.

Paper type- Quantitative/Explanatory paper.

Originality/Value-This study contributes to the field of the impact of IFRS adoption on the stock prices. The paper provides insight from an international perspective. IFRS adoption on stock prices in most of our sample countries have been studied for the first time.

Place, publisher, year, edition, pages
2020.
Keywords [en]
International Financial Reporting Standard (IFRS), Stock Price, agency theory, signaling theory
National Category
Business Administration
Identifiers
URN: urn:nbn:se:du-34384OAI: oai:DiVA.org:du-34384DiVA, id: diva2:1450331
Available from: 2020-07-01 Created: 2020-07-01

Open Access in DiVA

No full text in DiVA

By organisation
Business Administration and Management
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 329 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf