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2018 | OriginalPaper | Chapter

IAS for SMEs Adoption: Evidence from the Regions of Kavala and Serres, Greece

Authors : Andreas Hadjixenophontos, Pantelis Sklias, Athanasios Mandilas, Eleftheria Panagiotidou

Published in: Economy, Finance and Business in Southeastern and Central Europe

Publisher: Springer International Publishing

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Abstract

This paper examines the adoption and implementation of IFRS by SMEs in the regions of Kavala and Serres, Greece. Our main objective is to examine the possibility of direct implementation of the International Accounting Standard for SMEs. Through empirical analysis and in accordance with the literature review, we set the main factors that affect business decision to implement IFRS/IAS.

We investigate whether the willingness of businesses to implement IFRS/IAS depends largely on the educational level and size of companies. We also examine what influences the decision to apply IFRS/IAS and more specifically how much the advantages of using IFRS/IAS and the desire for transparency affect such decision.

The findings of our research suggest that SMEs have insufficient information or guidance about the standards. This is one of the reasons that explain their reluctance to apply standards and be indifferent about the existence of internationally comparable information. Lack of knowledge and infrastructure and given the current economic circumstances in Greece, implementation costs act as a serious deterrent in the implementation of IFRS/IAS.

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Title: IAS for SMEs Adoption: Evidence from the Regions of Kavala and Serres, Greece
Authors: Andreas Hadjixenophontos
Pantelis Sklias
Athanasios Mandilas
Eleftheria Panagiotidou
Publisher: Springer International Publishing
Book: Economy, Finance and Business in Southeastern and Central Europe
Print ISBN: 978-3-319-70376-3

Electronic ISBN: 978-3-319-70377-0

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-70377-0_30