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The impact of IFRS on ratios of listed and new listed companies of Athens Exchange

Author

Listed:
  • Balios Dimitrios

    (Lecturer of Accounting,National and Kapodistrian University of Athens,Department of Economics, Athens)

  • Eriotis Nikolaos

    (Associate Professor of Accounting,National and Kapodistrian University of Athens,Department of Economics, Athens)

  • Paraskevopoulos Konstantinos

    (Master in Banking and Finance,Open University of Cyprus)

  • Professor of Bank Management

    (Professor of Bank Management,Hellenic Open University, Patra)

Abstract

In this study we are researching the effect of the implementation of International Financial Reporting Standards (IFRS) on financial ratios of listed companies of Athens Exchange (AE). Emphasis is given to the differences between Greek Accounting Standards (GAS) and IFRS and their impact on the calculation of financial ratios which are based on financial statements prepared in accordance with the first or the second accounting standard. Therefore, the study was applied to two samples of companies. The first sample includes companies that have been listed in AE for years and the second sample includes companies that have recently been listed in AE. Considering the particular characteristics of each group of companies, we are examining the probability of quantitative differentiations in financial ratios due to the transition from the one accounting standard to the other. The results of the research results showed that both samples of companies, when not influenced by other factors, do not have significant differences in their behavior.

Suggested Citation

  • Balios Dimitrios & Eriotis Nikolaos & Paraskevopoulos Konstantinos & Professor of Bank Management, 2013. "The impact of IFRS on ratios of listed and new listed companies of Athens Exchange," International Journal of Business and Social Research, LAR Center Press, vol. 3(5), pages 149-157, May.
    • Handle: RePEc:lrc:larijb:v:3:y:2013:i:5:p:149-157
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    References listed on IDEAS

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    1. Ioannis Tsalavoutas & Lisa Evans, 2010. "Transition to IFRS in Greece: financial statement effects and auditor size," Managerial Auditing Journal, Emerald Group Publishing, vol. 25(8), pages 814-842, September.
    2. Apostolos Ballas, 1994. "Accounting in Greece," European Accounting Review, Taylor & Francis Journals, vol. 3(1), pages 107-121.
    3. Apostolos Ballas & Dimosthenis Hevas & David Neal, 1998. "The State of Accounting and the State of the State," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 2(3), pages 267-285, September.
    4. Tsalavoutas, Ioannis & André, Paul & Evans, Lisa, 2012. "The transition to IFRS and the value relevance of financial statements in Greece," The British Accounting Review, Elsevier, vol. 44(4), pages 262-277.
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