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When an economy faces a financial crisis, a secondary problem occurs regarding the management of Non-Performing Exposures. There are many ways to solve this problem. This article contributes to the solution of the above problem by presenting a quick synthetic and modern financial methodology for dealing with the Non-Performing Exposures. Our proposal is initially based on the securitization of loans portfolios. Through the process and the structure of securitization, it is possible to derecognize portfolios under the provisions of IAS39 and to transform its residual value into capital market securities. To that end, flow charts regarding the securitization process and derecognition are provided. Subsequently, the valuation of the capital market security through securitization depends on the collection of the total portfolio that is securitized. A model for the valuation of the residual title under certainty and uncertainty is provided. Based on a recent transaction that has been carried out having apply most of the above features, we have found that banks can implement this solution for NPEs portfolios by transferring their management to specialized companies and thus improving all their financial ratios. The main academic debate that has been developed deals with the determinants of NPEs creation, by examining how these factors influence the formation of NPE portfolios and the features of their structure without involving the effective management of the NPEs. Our article contributes to that challenge.

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.

Πολλά ευχαριστώ οφείλω στον Καθηγητή της Σχολής Χημικών Μηχανικών του Εθνικού Μετσοβίου Πολυτεχνείου, κ. Αργύρη Λυγερό, για όλη του τη βοήθεια σ' όλα τα χρόνια της γνωριμίας μας, σε Ακαδημαϊκά και μη θέματα. Η πατρική του υπομονή και η προσωπικότητά του αποτέλεσαν πηγή έμπνευσης για πολλούς από εμάς που είχαμε την τύχη να είμαστε φοιτητές του. Η εμμονή του στο να τηρεί όσα έχει συμφωνήσει, αποτέλεσε για' μένα μάθημα ίσης αξίας με την Επιστήμη.