Authors: Kleanthis Konstantinoudis, Athanasios Vazakidis

Title: The Accounting Harmonization after the adoption of IAS’s/IFRS’s. The case of Greek, French and Italian Listed Companies

Abstract

In this papaer we investigate the level of accounting harmonization, after the mandatory adoption and during European Financial crisis. Our methodology based on H index measurement methodology, in order to determine if the adoption of IASs has increased the level of harmony. The sample constituted by Greek French and Italian listed companies which are belonging to FTSE/ASE 40, FTSE/MIB 40 and CAC 40, that have been adopt IAS’s after mandatory implementation in 2005. Three accounting practices were included, depreciation, inventory and financial statement cost basis.  The results indicated that across the examined period 2008 - 2014, the majority of the H indices comparisons were positive and statistically significant.