Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/10682
Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: The transition to IFRS and the value relevance of financial statements in Greece
Authors: Tsalavoutas, Ioannis
Andre, Paul
Evans, Lisa
Contact Email: ioannis.tsalavoutas@stir.ac.uk
Keywords: Creative accounting
Greece
IFRS implementation
Value relevance
Issue Date: Dec-2012
Publisher: Elsevier
Citation: Tsalavoutas I, Andre P & Evans L (2012) The transition to IFRS and the value relevance of financial statements in Greece, British Accounting Review, 44 (4), pp. 262-277.
Abstract: We examine the combined value relevance of book value of equity and net income before and after the mandatory transition to IFRS in Greece. Contrary to our expectations, we find no significant change in the explanatory power of value relevance regressions between the two periods. The coefficients on book value of equity and net income are positive and significant in both the pre-IFRS and post-IFRS periods. However, the coefficient on book value of equity is significantly greater under IFRS, whereas we find some evidence of a decrease in the coefficient on net income. Finally, we find that market participants viewed the extra information provided by reconciliations between Greek GAAP and IFRS for 2004 figures as incrementally value relevant.
Type: Journal Article
URI: http://hdl.handle.net/1893/10682
DOI Link: http://dx.doi.org/10.1016/j.bar.2012.09.004
Rights: Published in The British Accounting Review by Elsevier; Elsevier believes that individual authors should be able to distribute their accepted author manuscripts for their personal voluntary needs and interests, e.g. posting to their websites or their institution’s repository, e-mailing to colleagues. The Elsevier Policy is as follows: Authors retain the right to use the accepted author manuscript for personal use, internal institutional use and for permitted scholarly posting provided that these are not for purposes of commercial use or systematic distribution. An "accepted author manuscript" is the author’s version of the manuscript of an article that has been accepted for publication and which may include any author-incorporated changes suggested through the processes of submission processing, peer review, and editor-author communications.
Affiliation: Accounting and Finance
ESSEC Business School
Accounting and Finance

Files in This Item:
File Description SizeFormat 
The transition to IFRS and the value relevance of financial statements in Greece.pdf862.71 kBAdobe PDFView/Open


This item is protected by original copyright



Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.