O χρηματοοικονομικός χειρισμός των λειτουργικών μισθώσεων (operating leases) και εφαρμογές σε ένα δείγμα επιχειρήσεων

Μυλωνάς, Μάρκος

Master Thesis

Author

Μυλωνάς, Μάρκος

Date

2016-02

Abstract

The purpose of this thesis was to analyze the effect of the capitalization of operating leases in the financial statements, financial indicators and WACC of six (6) Greek listed companies. The motivation for this thesis was the common draft (ED 2013/6) issued by the IASB and FASB organizations on the obligation of all companies applying IFRS to capitalize all operating leases with a term longer than one year. The choice of the sample was made provided that the commitments to operating leases will be equivalent at least 10% of their total debt (long and short). The percentage of 10% was selected in order to the effect of capitalizations in the financial statements and the selected financial indicators to be evident. This research was based on the methodology of economics professor of NYU (Stern Business School), Aswath Damodaran (2009) main point of which is that the adaptation process takes into account the particular characteristics of the enterprises. The results showed that significant differences exist in both operating income and in most financial indicators of the sampled companies. This thesis supports the changes promoted in the display of operating leases as it provides the opportunity to potential investors or creditors to gain a precise view of the financial position of the company. As a result it increases the probability of correct investment decisions and better comparison between enterprises.

Postgraduate Studies Programme

Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική Ανάλυση για Στελέχη

Department

Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής

Number of pages

103

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/9793

Collections

Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής

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