Applying IFRS Mandatory: Evidence from Greek Listed Companies

European Research Studies Journal, Volume XIV, Issue (4), pp. 71-96, 2011

Posted: 24 Sep 2012 Last revised: 25 Oct 2012

See all articles by Konstantinos Papadatos

Konstantinos Papadatos

University of Patras - Department of Business Administration

Athanasios Bellas

University of Patras

Date Written: 2011

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.

Keywords: International Financial Reporting Standards (IFRS), Greek Listed Firms, Greek Accounting Standards (GAS), Mandatory Adoptions, Account Preparers

JEL Classification: M41, M49, F23

Suggested Citation

Papadatos, Konstantinos and Bellas, Athanasios, Applying IFRS Mandatory: Evidence from Greek Listed Companies (2011). European Research Studies Journal, Volume XIV, Issue (4), pp. 71-96, 2011, Available at SSRN: https://ssrn.com/abstract=2151436

Konstantinos Papadatos (Contact Author)

University of Patras - Department of Business Administration ( email )

Patras
Greece

Athanasios Bellas

University of Patras ( email )

Patra
Greece
0030 26910 996269 (Phone)

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