Creative Accounting in Greek Football Clubs

Journal of European Economy, Vol. 16, No. 3, September 2017

10 Pages Posted: 29 Jan 2018

See all articles by Georgios L. Thanasas

Georgios L. Thanasas

University of Patras

Vassilis Smaraidos

TEI of Messolonghi; University of Patras - Department of Business Administration of Food and Agricultural Enterprises

Date Written: Aug 19, 2017

Abstract

Football Clubs tent to manipulate their profits in order to obtain a license to participate in Championships, organized under the supervision of UEFA. This article examines, whether Football Clubs that compete in the Greek Super League and in European Competitions use earnings management techniques to manipulate their profits. In order to do so, Jones’ (1991) modified econometric model was used to estimate the accruals that determine the level of earnings management, for the period 2013–15. The statistical analysis, which performed with the use of STATA statistical package v.13, show that Greek Football Clubs which compete in European Competitions are more effective in manipulating their profits while Football Clubs which compete in Greek Super League and have difficulties in obtaining a license do not appeal to manipulate their profits.

Keywords: Creative Accounting, Earnings Management, Football Clubs, Greece

JEL Classification: M40, M41

Suggested Citation

Thanasas, Georgios L. and Smaraidos, Vassilis, Creative Accounting in Greek Football Clubs (Aug 19, 2017). Journal of European Economy, Vol. 16, No. 3, September 2017, Available at SSRN: https://ssrn.com/abstract=3105637

Georgios L. Thanasas

University of Patras ( email )

Patras
Greece

Vassilis Smaraidos (Contact Author)

TEI of Messolonghi ( email )

NEA KTIRIA
MESSOLONGHI
Greece

University of Patras - Department of Business Administration of Food and Agricultural Enterprises ( email )

Greece

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