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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 |
| Author(s): | 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 |
| Date Deposited: | 23-Jan-2013 |
| 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. https://doi.org/10.1016/j.bar.2012.09.004 |
| 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. |
| DOI Link: | 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. |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| The transition to IFRS and the value relevance of financial statements in Greece.pdf | Fulltext - Accepted Version | 862.71 kB | Adobe PDF | View/Open |
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