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dc.contributor.advisorMarston, Professor Claire
dc.contributor.advisorAbraham, Doctor Santhosh
dc.contributor.authorChatzivgeri, Eleni
dc.date.accessioned2016-08-09T15:54:36Z
dc.date.available2016-08-09T15:54:36Z
dc.date.issued2013-12
dc.identifier.urihttp://hdl.handle.net/10399/2934
dc.description.abstractInternational Accounting Standards/ International Financing Reporting Standards (IAS/IFRS) were developed with a view to harmonizing accounting practices. Despite the fact that several papers have examined the effect of IAS/IFRS on equity and debt markets, only few have focused on Greece. The present thesis uses both polled and panel data (fixed and random effects techniques) analysis techniques. Using data from 181 Greek companies listed on the Athens Stock Exchange, the results show that firstly, IAS/IFRS adoption and earnings management are negatively related suggesting that Greek companies tend to use fewer discretionary accruals after IAS/IFRS adoption as a way of earnings management. Secondly, the adoption of IAS/IFRS lowered the cost of debt of Greek companies implying that the increased quality as well as quantity of accounting disclosures reduces the uncertainty regarding a company‟s default risk and the mis-coordination between companies and suppliers, which in turn enables companies to borrow at better terms. Finally, the results indicate that IAS/IFRS adoption increased the gearing level of Greek companies, implying that the decreased uncertainty and risk of a company through IAS/IFRS adoption, enhances the company‟s borrowing bargain power and subsequently its gearing level.en_US
dc.language.isoenen_US
dc.publisherHeriot-Watt Universityen_US
dc.publisherManagement and languagesen_US
dc.rightsAll items in ROS are protected by the Creative Commons copyright license (http://creativecommons.org/licenses/by-nc-nd/2.5/scotland/), with some rights reserved.
dc.titleThe adoption of IAS/IFRS : the case of Greeceen_US
dc.typeThesisen_US


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