فهرست نشریات علمی دسترسی آزاد ایران

AbstractThe transition from domestic accounting standards, i.e. Generally Accepted Accounting Principles (GAAP), to International Financial Reporting Standards (IFRS) has significantly impacted financial reporting practices worldwide so the aim of the present research is to investigate whether IFRS reduces underpricing of initial public offerings (IPOs). To this end, in this study, an OLS regression model presented by Chan et al. (2004) was utilized. The statistical population consists of companies listed on the stock exchange, of which 52 companies were selected as the sample size. The data analysis was conducted using EViews software. The findings indicate that the adoption of IFRS is significantly and negatively associated with the reduction of price deviation in the initial public offerings of stock exchange companies. The government's share ratio in Tehran Stock Exchange companies at the time of the initial public offering adjusts the relationship between the adoption of IFRS and the reduction of the initial price, confirming both hypotheses of the research.