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Applying IFRS Mandatory: Evidence from Greek Listed Companies

Author

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  • Konstantinos P. Papadatos
  • Athanasios P. Bellas

Abstract

The aim of the present study is to record the attitude of Greek listed companies towards the mandatory adoption of IFRS, in Greece. In this context, a questionnaire was send to the listed companies of the Athens Stock Exchange (ASE) in 2008. The 135 responses revealed the advantages of the mandatory adoption of IFRS for firms, the problems and the obstacles that they face for their implementation and their perceptions regarding how IFRS affect investors. In addition, it is examined whether the firms specific characteristics (size, profitability and the level of fixed assets) affect their attitude to IFRS.

Suggested Citation

  • Konstantinos P. Papadatos & Athanasios P. Bellas, 2011. "Applying IFRS Mandatory: Evidence from Greek Listed Companies," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 71-96.
    • Handle: RePEc:ers:journl:v:xiv:y:2011:i:4:p:71-96
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    1. Vladimir Obradović & Milan Čupić & Dragomir Dimitrijević, 2018. "Application of International Financial Reporting Standards in the Transition Economy of Serbia," Australian Accounting Review, CPA Australia, vol. 28(1), pages 48-60, March.
    2. Mantzari, Elisavet & Georgiou, Omiros, 2019. "Ideological hegemony and consent to IFRS: Insights from practitioners in Greece," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 59(C), pages 70-93.
    3. Abdullah AL-Mutairi & Kamal Naser & Nabi Al-Duwaila, 2017. "Students' Attitudes towards the Adoption of International Financial Reporting Standards (IFRS) in Kuwait," Asian Social Science, Canadian Center of Science and Education, vol. 13(5), pages 1-85, May.

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    More about this item

    Keywords

    International Financial Reporting Standards (IFRS); Greek Listed Firms; Greek Accounting Standards (GAS); Mandatory Adoptions; Account Preparers;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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