The post-adoption effects of the implementation of International Financial Reporting Standards in Greece

Iatridis, George Emmanuel; Rouvolis, Sotiris

doi:10.1016/j.intaccaudtax.2009.12.004

Cited by 152 publications

(113 citation statements)

References 37 publications

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“…However, the empirical evidence regarding this issue is mixed. Iatridis and Rouvolis (2010) find that the book value of equity and net profit of companies listed on the ASE were more value relevant in the first two years of mandatory implementation of IFRS than in 2004, the last year of the application of Greek accounting standards. On the contrary, Karampinis and Hevas (2011) conclude that IFRS adoption only has minimal effects on accounting numbers' value relevance.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 82%

Goodwill under IFRS: Relevance and disclosures in an unfavorable environment

Baboukardos

Rimmel

2014

Accounting Forum

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The accounting treatment of purchased goodwill under IFRS has been severely criticized due to the extensive use of fair value accounting. The purpose of this study is to enrich the ongoing debate upon this issue by drawing attention to the market valuation implications of goodwill in a country outside the Anglo-Saxon accounting paradigm, where the application of fair value accounting has been seen as more problematic. The results indicate that, in the case of purchased goodwill, fair value accounting generates relevant accounting numbers but only in companies that comply highly with IFRS disclosure requirements.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 82%

Goodwill under IFRS: Relevance and disclosures in an unfavorable environment

Baboukardos

Rimmel

2014

Accounting Forum

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“…These studies generally examine the effect of the change on accounting information value relevance and report mixed findings. For example, studies conducted in Greece [5], [6] and France [7] provide evidence that IFRS adoption leads to higher quality of financial statements as reflected in the more value relevant accounting measures. Reference [8], on the other hand, finds no support to conclude that financial statements prepared under IFRS in the U.K., Hong Kong and Singapore are incrementally value relevant to financial statements prepared under GAAP, while [9] report improved value relevance for book value but not earnings in Malaysia.…”

Section: B Accounting For Intangible Assets Value Relevance and Firmentioning

confidence: 99%

Firm Life Cycle and the Value Relevance of Intangible Assets: The Impact of FRS 138 Adoption

Jaafar¹,

Halim²

2013

IJTEF

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“…However, the process of adoption has been the subject of limited research, since researchers themselves have suggested that it would be better to use national case studies to analyze the adoption of IFRS in individual nations. Examples of this are Callao-Jarne-Lainez (2007) in Spain, Cormier-Demaria-Lapointe-Teller (2009) in France, Lantto and Sahlström (2009) in Finland, Iatridis and Rouvolis (2010) in Greece, Peng and Smith (2010) in China and Beke (2010b) in Hungary also. practice in the implementation of IFRS in order to assist developing countries and countries with economies in transition to succeed in their efforts to harmonize their national accounting rules and practice with international requirements Earlier literature shows that the level of the capital market orientation of the financial environment also follows the differences in accounting systems internationally.…”

Section: Introductionmentioning

confidence: 99%

Hungarian Accounting Standardization Effects

Csébfalvi¹

2012

ijafr

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Nowadays, especially during the current global financial crisis, companies in Hungary are striving desperately to remain competitive and achieve sustainable levels of economic development. The highly competitive environment requires companies to create a clear business strategy, and accounting has to be part of this strategy since it helps individual enterprises to achieve their strategic objectives. International accounting standards are new global methods for business information systems and they are able to harmonize financial regimes both in Hungary and world-wide. The increased globalization of markets, the complexity of commercial trading and the concentration of business in global competition have led to a still greater need for international accounting harmonization. It is expected that a unified, standardized accounting information system will lead to new types of analysis and datawith the possible integration of new indicators used in the business practice of certain countries as an additional benefit. The purpose of this study was to measure the differences between national (Hungarian)l rules and the international standards, evaluating and analyzing their effects on the business environment. The financial data are taken from accounts published on the Budapest Stock Exchange and in the Hungarian Business Information database. The results show that those businesses which have adopted international standards achieved higher and statistically significant positive coefficients than those following local accounting rules. We found that larger firms (those with more leverage, higher market capitalization and substantial foreign sales) were more likely to have adopted international accounting standards.

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The post-adoption effects of the implementation of International Financial Reporting Standards in Greece

Cited by 152 publications

References 37 publications

Goodwill under IFRS: Relevance and disclosures in an unfavorable environment

Goodwill under IFRS: Relevance and disclosures in an unfavorable environment

Firm Life Cycle and the Value Relevance of Intangible Assets: The Impact of FRS 138 Adoption

Hungarian Accounting Standardization Effects

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