The impact of IFRS on accounting quality: Evidence from Greece

Panagiotis E. Dimitropoulos, Dimitrios Asteriou, Dimitrios Kousenidis () and Stergios Leventis

Advances in accounting, 2013, vol. 29, issue 1, 108-123

Abstract: This paper examines the impact of IFRS adoption on the quality of accounting information within the Greek accounting setting. Using a sample of 101 firms listed in the Athens Stock Exchange (ASE) for a period of eight years (2001–2008) we find convincing evidence that the implementation of IFRS contributed to less earnings management, more timely loss recognition and greater value relevance of accounting figures, compared to the local accounting standards. Also, our findings document that audit quality further complements the beneficial impact of IFRS since those companies that are audited by Big-5 audit firms exhibit higher levels of accounting quality. Our findings are robust in regard to different model specifications and after controlling for firm-specific effects like size, risk, profitability and growth opportunities.

Keywords: IFRS; Value Relevance; Asymmetric Timeliness; Earnings Management; Greece (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:advacc:v:29:y:2013:i:1:p:108-123

DOI: 10.1016/j.adiac.2013.03.004

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