Journal of Accounting and Taxation
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Article Number - 07E373166191


Vol.9(9), pp. 119-130 , October 2017
https://doi.org/10.5897/JAT2017.0271
ISSN: 2141-6664


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Full Length Research Paper

Mergers, taxation and accounting performance: Some evidence from Greece



Andreas Koutoupis
  • Andreas Koutoupis
  • Department of Accounting and Finance, Technological Educational Institute of Thessaly, Greece.
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George Drogalas
  • George Drogalas
  • Department of Business Administration, University of Macedonia, Thessaloniki, Greece.
  • Google Scholar
Michail Pazarskis
  • Michail Pazarskis
  • Department of Accounting and Finance, Technological Educational Institute of Central Macedonia, Greece.
  • Google Scholar







 Received: 02 February 2017  Accepted: 04 July 2017  Published: 31 October 2017

Copyright © 2017 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0


The study examines the merger effects on the accounting performance of Greek firms, in parallel with their taxation impact, during the period of economic crisis in Greece. The study analyses twelve accounting measures from financial statements and financial ratios of a sample of Greek listed firms in the Athens Exchange that carried out one merger in the period from 2010 to 2015 as acquirers. The results revealed that none of the twelve examined accounting measures have changed significantly due to the merger event, one year after the merger transaction. Different results are proposed regarding the impact of the type of industry, as the findings of the study indicate a better accounting performance for the constructions firms than the others from our sample. Furthermore, the study investigates the impact of the new Greek Income Tax Code (GITC) (Law 4172/2013) that refers to the corporate restructuring in Greece. There is evidence that there is some effect from the new GITC and it provides further opportunities for capital gains, not subject to tax from mergers, during the period of the economic crisis in Greece.

 

Key words: Mergers, taxation, financial statements, financial ratios, Greece.

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APA Pazarskis, M., Drogalas, G., & Koutoupis, A. (2017). Mergers, taxation and accounting performance: Some evidence from Greece. Journal of Accounting and Taxation, 9(9), 119-130.
Chicago Michail Pazarskis, George Drogalas and Andreas Koutoupis. "Mergers, taxation and accounting performance: Some evidence from Greece." Journal of Accounting and Taxation 9, no. 9 (2017): 119-130.
MLA Michail Pazarskis, et al. "Mergers, taxation and accounting performance: Some evidence from Greece." Journal of Accounting and Taxation 9.9 (2017): 119-130.
   
DOI https://doi.org/10.5897/JAT2017.0271
URL http://www.academicjournals.org/journal/JAT/article-abstract/07E373166191

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