What international accounting standards (IAS) bring about to the financial statements of greek listed companies? the case of the Athens stock exchange

Αθανάσιος Μπέλλας, Κανέλλος Τούντας, Κωνσταντίνος Παπαδάτος


The aim of the present study is to investigate the repercussions of the accounting changeover
from the Greek Accounting Standards (GAS), to the International Accounting Standards
(IAS) in relation to the published financial statements of Greek listed companies for the year
2004. The results show that tangible assets, fixed assets, and total liabilities record significantly
higher prices under the IAS. Furthermore, it was recorded that, in opposition to the net income
after taxes, the book value appears to play a more significant role under the IAS, compared to
that under the GAS. There is also evidence that the adjustments of GAS to net income improve
incremental value relevance, while the adjustments of GAS to book value do not improve it.


Accounting system; Accounting Standards; Greece

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η δικτυακή πύλη της ευρωπαϊκής ένωσης ψηφιακή ελλάδα ΕΣΠΑ 2007-2013