The Impact of IFRS Adoption on Share Price of Telecom Companies

The IFRS aims to ensure that the financial statements of publicly listed companies are prepared using uniform, clear, and comparable principles globally. Presently, IFRS has complete profiles for 167 jurisdictions, inclusive of European Union countries. Unlike the rest of the world, the United States employs a different system, which is the generally accepted accounting principles (GAAP). These are created by the International Accounting Standards Board (IASB). IFRS is often mixed up with International Accounting Standards (IAS) as it was issued in 2001 replacing older standards. This study is conducted to evaluate the effect of adopting IFRS on the share prices of telecom companies in India from the years 2011 to 2024. T.test methods have been used in the study to reach an empirical conclusion. It is confirmed that there is a positive correlation between the share price of telecom companies before and after the adoption of IFRS due to high degree of correlation (0.942) as per table 2. In addition to that paired sample test results were +0.642 which is above .05 indicating insignificance.Hence there are no impact of IFRS on Share Price of Telecom Companies before and after adoption of IFRS in India.