Bank efficiency estimation and the change of the accounting standards: evidence from Greece

A. I. Dimitras, K. Kosmidou, A. K. Apostolou

    Research output: Contribution to journalArticlepeer-review

    5 Citations (Scopus)

    Abstract

    The paper investigates the effect of the changes in the accounting standards on the efficiency estimates of the Greek banks. The paper presents the main changes in the accounting system for the Greek commercial banks with the adoption of IFRS. Using the financial reports of the banks for the years 2004 (prepared in conformity with local GAAP) and 2005 (prepared in conformity with IFRS and including the adjusted to IFRS relevant financial statements of 2004), we investigate the performance of the Greek banking sector. Several efficiency estimates of individual banks are estimated using non-parametric data envelopment analysis (DEA). Specifically, there are three different approaches employed to differentiate how efficiency scores vary with changes in inputs and outputs due to the changes in the accounting system. The differences in the information and performance evaluation are presented and the results are discussed thoroughly.

    Original languageEnglish
    Pages (from-to)20-39
    Number of pages20
    JournalInternational Journal of Managerial and Financial Accounting
    Volume2
    Issue number1
    DOIs
    Publication statusPublished - 2010

    Keywords

    • accounting standards
    • bank efficiency
    • data envelopment analysis
    • DEA
    • Greece

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