Have Met IASs Accounting Harmonization? The Case of Greek Listed Companies

Abstract

The purpose of this study is to analyze whether Greece, by complying with International Financial Reporting Standards, has been reached the desirable harmonization, in what degree and discusses the related subject problems that have been arisen. The surveyed data are selected from, Greek listed companies in Athens stock exchange. The H index, a measure of the degree of concentration for the adoption of specific accounting practices, is calculated over the 3- year period. The results show that across 3-year period H index were positive and statistical significant so the disclosure quality is significant increased under IFRS/IAS adoption. It also puts forward the view that harmony should reflect properly the different circumstances under firms operate toward maturity and normalization.