Fair Value vs cost model. An application on tangible assets in SMEs Of Greece

摘要

This study investigates the impact of the revaluation of tangible fixed assets at fair value instead of historical cost on the borrowing ability, on exports and on financial position. The survey conducted on the Greek small and medium sized companies in textile industry, which are located in the region of Thessaloniki, exports products and apply the Greek Accounting standards (GAS). Based on previous studies and literature, five research hypotheses have been developed. This study contributes to the literature by verifying empirically the existing theories from a Greek perspective in concern to revaluation of assets. Moreover, its results could add knowledge and guidance to the discussion of the implementation of IAS/IFRS by Greek SMEsand to the effort of reforming Greek tax system conducted by Greek governmentfor boosting Greek economy.