EconStor >
Eastern Macedonia and Thrace Institute of Technology (EMaTTech), Kavala, Greece >
International Journal of Business and Economic Sciences and Applied Research (IJBESAR) >

Please use this identifier to cite or link to this item:
Title:The perceptions of managers of Greek firms regarding the costs and benefits ensuing from the adoption of International Financial Reporting Standards in Greece PDF Logo
Authors:Naoum, Vasilios-Christos
Sykianakis, Nicos
Tzovas, Christos
Issue Date:2011
Citation:[Journal:] International Journal of Economic Sciences and Applied Research [ISSN:] 1791-3373 [Volume:] 4 [Year:] 2011 [Issue:] 3 [Pages:] 59-74
Abstract:The study seeks to investigate the costs and benefits resulting from the application of IFRS in Greece. A questionnaire survey was conducted in order to identify the perceptions of the financial managers of Greek listed firms regarding the benefits and the costs associated with the transition to IFRS. In addition, it was asked to indicate whether the IFRS benefits are sufficient to cover the related costs. Four types of costs appear to be prevalent: personnel training costs, consultants' fees, preparation of two sets of accounts and costs to adjust existing information systems. The findings of the analysis of the responses suggest that, although the majority of respondents believe that the introduction of IFRS improved the quality of the financial statements published by Greek firms, they have serious concerns regarding the costs related to the introduction of IFRS.
Subjects:IFRS adoption
costs : benefits
Document Type:Article
Appears in Collections:International Journal of Business and Economic Sciences and Applied Research (IJBESAR)

Files in This Item:
File Description SizeFormat
687536944.pdf238.74 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

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