@article{4366,
  author = {Diep Ngoc Duong, Lien Thuy Le Nguyen, Phuong Ngoc Thi Huynh},
  title = {The Impact of Accounting Standards on the Relationship Between Disclosure Quality and Firm Market Value},
  journal = {Transactions on Economic and Business Models},
  year = {2025},
  volume = {1},
  number = {1},
  doi = {https://doi.org/10.6025/tbem/2025/1/1/24-38},
  url = {https://www.dline.info/tebm/fulltext/v1n1/tebmv1n1_3.pdf},
  abstract = {This study investigates the impact of adopting International Financial Reporting Standards (IFRS) on financial
reporting quality within emerging economies, specifically focusing on ASEAN nations. We examine the
interplay between accounting standards (ACST), accounting disclosure quality (ADQ), sustainability reporting
quality (SRQ), and their influence on firm market value (FMV). Utilizing a panel dataset of 3,211 firmyear
observations from ASEAN-based companies between 2019 and 2023, sourced from Thomson Datastream,
we employ quantitative techniques to analyze the relationships. Our findings reveal a significant negative
association between SRQ and FMV, while ADQ exhibits a positive relationship with FMV. Furthermore, ACST
plays a crucial moderating role, influencing the ADQ-FMV and SRQ-FMV relationships. These findings lend
credence to agency theory, suggesting that adopting IFRS can mitigate agency problems, benefiting stakeholders
through enhanced corporate transparency and financial performance. This research contributes to
the ongoing discourse surrounding IFRS adoption, offering valuable insights for policymakers, investors,
and academics alike. We conclude by acknowledging the limitations of our study and outlining potential
avenues for future research.},
}