• #Accounting
• #Accounting standard

This study analyzes the stock price reaction in the domestic capital market to the adoption of International Financial Reporting Standards and confirms a positive evaluation. In particular, the capital market's reaction differs depending on the quality of accounting information and the degree of information asymmetry, and a negative reaction is shown for companies with a high proportion of assets subject to fair value assessment. This reflects the capital market's concern about the impact of the introduction of IFRS on the reliability of accounting information.