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This study examines the impact of financial technology (FinTech) on bank performance employing data from the United Kingdom (UK) banking sector for a period spanning from 2010 to 2019.

This study employs static as well as dynamic panel data regression analysis to assess the impact of FinTech on the profitability of UK banks.

The results show that FinTech firms positively impact bank performance. For every new FinTech firm introduced into the UK market, net interest margin (NIM) and yield on earning assets (YEA) increase by 6.385 and 3.192% of their sample means, respectively.

Cooperating with FinTech firms, UK banks can broaden their portfolio of financial services offered to their customers and optimize their profit margins.

This is the first study that examines the impact of FinTech on bank profitability employing data from a developed market.

The purpose of this paper is to empirically investigate stock price and trading volume reactions to simultaneous interim dividend and earnings announcements by the Greek firms listed on the Athens stock exchange (ASE).

Classical event study methodology was employed to examine the share price and trading volume reaction to interim dividends and earnings announcements.

Results confirm the signaling hypothesis which predicts positive market reaction to the joint dividend and earnings announcements. However, the magnitude of the price reaction initiated by the final dividend announcement seems to be higher than the one by the interim dividend announcement.

The observations are not many, although the whole population was included, since there are no data available prior to 1998.

The findings are useful to researchers, practitioners and investors who have an interest in firms listed on the ASE for their proper strategic decision making.

For the first time, the stock price and trading volume behaviour of firms listed on the ASE around contemporaneous dividend and earnings announcement dates is examined.

To investigate whether a stock split is still considered a policy that creates value for the underlying company and the rationale behind such action for companies listed on the NASDAQ.

The event study methodology of Strong is employed to examine the announcement effect of stock splits on stock prices.

The results indicate a positive market reaction at the stock split announcement and that the liquidity hypothesis explains well the rationale for the stock splits.

The sample is quite small (57 observations) and the examination period is limited to 1999 and 2000.

Findings are of particular interest to researchers, practitioners and investors that have an interest in firms listed on NASDAQ.

Limited research on the stock price behaviour of firms listed on NASDAQ around stock split announcement date.

The purpose of this paper is to explore the value relevance of accounting information before and after mandatory International Financial Reporting Standards (IFRS) adoption as well as the ensuing relationship between conditional conservatism and value relevance. The authors probe the above relationship by considering a number of institutional parameters, such as the accounting origin of each European country, the degree of differentiation between domestic standards and IFRS, and the level of each country’s enforcement.

The authors run panel data regressions for banks listed in 15 European countries using both the price and the return model. The authors partition the total sample in conservative and non-conservative banks – based on Khan and Watts (2009) – and in other institutional clusters based on prior highly acclaimed studies. Value relevance is then gauged by the corresponding adjusted R2.

The results provide evidence that IFRS have reinforced the value relevance for both conservative and non-conservative banks. However, this result alters when controlling for institutional dimensions. Specifically, the value relevance of conservative banks is strengthened when operating in high enforcement, low differences or English-origin environments, while non-conservative banks display better goodness-of-fit in French-origin countries.

A survivorship bias might exist because the authors require three years of data before and three years after IFRS adoption for including a bank in the sample. More importantly, the post-IFRS period coincides with the burst of global financial crisis, which may have severely affected this bias. Furthermore, the C_Score methodology has been developed in a US-oriented context. Therefore, the validity of this measure might be different in countries with other institutional settings, such as week legal enforcement of high level of IFRS divergence.

The authors stress the qualitative significance of conditional conservatism and suggest that accounting standards regulators redefine the qualitative substance of conditional conservatism vis-à-vis other accounting quality properties, such as value relevance. Also, both conditional conservatism and value relevance are directly linked to contracting, thus the findings are of value to the entities that are legally involved with banks. These findings are particularly important, especially when the authors take institutional parameters into consideration.

Studies that investigate the relationship between value relevance and conditional conservatism in the banking sector are scarce. In the wake of IFRS adoption, the authors signify the role of institutional features as potential determinants in accounting quality changes, as well as in the relationship between value relevance and conditional conservatism.

The purpose of this paper is to investigate the impact of dividend initiations on shareholders’ wealth using a sample of 38 Greek listed firms.

The event study methodology of Brown and Warner was employed to examine the share price reaction to initial dividend announcements across different information environments.

Results show that dividend initiations bring about significant positive abnormal returns in the announcement period. The price response to dividend initiations is inversely associated with the information environment. Finally, the volatility of stock returns is higher in the low information environment group of firms than in the high information environment group of firms.

The observations are not many, although the whole population is included, since there are no data available prior to 2000.

These findings are useful to researchers, practitioners and investors who have an interest in firms listed on the Athens Stock Exchange (ASE) for their proper strategic decision making.

For the first time the stock price behaviour of firms listed on the ASE around dividend initiation announcement dates is examined.