Applying IFRS Mandatory: Evidence from Greek Listed Companies

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.

Ideological hegemony and consent to IFRS: Insights from practitioners in Greece

“…Also, the small size of most companies and the lack of development of its capital markets mean that the benefits of IFRS adoption in Greece may not be obvious. Admittedly, empirical studies on the adoption of IFRS in Greece fail to show, in general, significant improvements in the quality of financial reporting information (Black & Maggina, 2016;Karampinis & Hevas, 2011;Papadatos & Bellas, 2011;Tsalavoutas, André, & Evans, 2012;cf. Dimitropoulos, Asteriou, Kousenidis, & Leventis, 2013).…”