The impact of IFRS on ratios of listed and new listed companies of Athens Exchange

Authors

  • Balios Dimitrios Lecturer of Accounting National and Kapodistrian University of Athens Department of Economics, Athens
  • Eriotis Nikolaos Associate Professor of Accounting National and Kapodistrian University of Athens Department of Economics, Athens
  • Paraskevopoulos Konstantinos Master in Banking and Finance Open University of Cyprus
  • Vasiliou Dimitrios Professor of Bank Management Hellenic Open University, Patra

DOI:

https://doi.org/10.18533/ijbsr.v3i5.14

Keywords:

International Financial Reporting Standards, Accounting Standards, Financial Ratios, Athens Exchange JEL classifications, Μ40, Μ41, G00

Abstract

In this study we are researching the effect of the implementation of International Financial Reporting Standards (IFRS) on financial ratios of listed companies of Athens Exchange (AE). Emphasis is given to the differences between Greek Accounting Standards (GAS) and IFRS and their impact on the calculation of financial ratios which are based on financial statements prepared in accordance with the first or the second accounting standard. Therefore, the study was applied to two samples of companies. The first sample includes companies that have been listed in AE for years and the second sample includes companies that have recently been listed in AE. Considering the particular characteristics of each group of companies, we are examining the probability of quantitative differentiations in financial ratios due to the transition from the one accounting standard to the other. The results of the research results showed that both samples of companies, when not influenced by other factors, do not have significant differences in their behavior.

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Issue

Vol. 3 No. 5 (2013): May

Section

Article

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