Quality of financial reporting under IFRS and corporate governance influence: Evidence from the Greek banking sector during crisis

Journal of Governance and Regulation

article

Panagiotis Ballas¹  Alexandros Garefalakis²  ChristosLemonakis³  VassilikiBalla⁴ 

[1] Department of Accounting and Finance ,(Laboratory of Accounting and Financial Management), Hellenic Mediterranean University;Department of Business Administration and Tourism, Hellenic Mediterranean University;Management Science and Technology Department, Hellenic Mediterranean University;Excise Duties & Value Added Tax Division

关键词: International Financial Reporting Standards;    CorporateGovernance;    Reporting Quality;    Banking;    Global Financial Crisis;   

DOI  :  10.22495/jgrv8i4art1

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

The financial system consists, without doubt, one of the mostimportant determinants of the world national economies, whichundergoes numerous changes and challenges with major impact onthe economic growth prospects of a country. A healthy financialsystem is the steam engine of the economy, a major source foreconomic growth through which capitals are attracted forinvestments; hence, it is regarded as a trustee of financial stability.Given the difference in structure and function of the financialsector in various countries, we investigate the extent to which theimplementation of International Financial Reporting Standards(IFRS) accompanied by Corporate Governance practices affectedthe quality of financial and narrative reporting offered withinpublished statements of Greek banks for the period from 2008 to2011. The originality of the work lies at the fact that it focuses onGreek financial institutions for a period that incorporates both theburst of global financial crisis and the beginning of the Greeksovereign debt crisis making inferences on quality of reporting as aresult of IFRS and Corporate Governance practices adoption. Ouranalysis revealed the positive contribution of both of the abovecategories of variables to the accuracy and quality of theinformation offered to stakeholders.

【 授权许可】

CC BY-NC