Περίληψη:
This study examines the effects of the transition from the Greek GAAP
to the IFRS on the financial results of Greek firms of the Industrial
and Commercial sector, listed on the Athens Exchange. In order to
analyze the possible impact from the IFRS adoption at the sample
firms, the study analyses the financial statements of these firms for
three years before and after the IFRS adoption in Greece with some
financial and cash flow ratio analysis. Also, a further analysis is
applied in order to estimate the exact influence of IFRS adoption
effects in a different time interval and is compared the year 2002
(the year that was firstly announced the IFRS adoption in E.U.) with
the year 2005 (the first year of IFRS official adoption on firms’
financial statements). The received results revealed that the IFRS
adoption effects on accounting-based information and performance from
financial statements lead, in general, the sample firms to a better
performance, at some ratios, but not in the case of different time
intervals or sub-samples.
Σημείωση:
JEL classifications: G18, G30, M41, M49