• Vidhi Vyas
• Dr. Vinod Nayak

This study investigates the impact of International Financial Reporting Standards (IFRS) adoption on the value relevance of accounting information for selected Indian listed companies. Specifically, it examines the relationship between Market Price per Share (MPS) and key financial indicators, including Earnings per Share (EPS) and Book Value per Share (BVPS), before and after IFRS implementation. Using a sample of 54 firm-year observations, the study period covers eighteen years 09 years before IFRS convergence (2007-2008 to 2015-2016) and 09 years after IFRS convergence (2016-2017 to 2024-2025). The study employs descriptive statistics, Pearson’s correlation, and regression analysis to assess changes in the informativeness of financial statements. The findings reveal that, while EPS consistently remains the most significant determinant of market prices in both pre- and post-IFRS periods, BVPS shows a relatively smaller and statistically insignificant effect. Descriptive statistics indicate increased dispersion in MPS and EPS post-IFRS, suggesting enhanced market responsiveness, whereas BVPS remained relatively stable. Correlation and regression results confirm that IFRS adoption improved transparency and comparability of accounting information but did not fundamentally alter the reliance on earnings for firm valuation. The study concludes that IFRS adoption strengthens the informativeness of financial statements, benefiting investors and other stakeholders, while underscoring the enduring relevance of traditional accounting measures in the Indian context.

IFRS, Value Relevance, Automobile sector, Ohlson Model

"Does IFRS enhance Value Relevance ? Evidence from the Automobile sector using the ohlson model", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 9, page no.e505-e518, September-2025, Available :http://www.jetir.org/papers/JETIR2509456.pdf

"Does IFRS enhance Value Relevance ? Evidence from the Automobile sector using the ohlson model", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 9, page no. ppe505-e518, September-2025, Available at : http://www.jetir.org/papers/JETIR2509456.pdf