April 2019

“Bit Standard”- Bitcoin between reality and risks of a “halfway-money”

This work provides an explanation of the market underlying the evolution due to modern technologies and technical advances, especially in transactions. In this regard, the authors specify the aspect related to the creation of virtual currencies like bitcoin that can circulate thanks to the Blockchain system through miners’ work. The authors consider areas related to the warnings on the use and exchange of virtual...

Author(s): Christian Rainero, Luigi Puddu, Alessandro Migliavacca, Riccardo Coda and Giuseppe Modarelli

April 2019

Does the IFRS 15 impact earnings management? Initial evidence from Italian listed companies

The purpose of the present work was to gauge the extent of the impact on earnings management derived from the adoption of International Financial Reporting Standards (IFRS) 15 as well as detecting whether the impact will be similar in different industries. To provide empirical evidence that earnings management is more frequent in some industries and less frequent in others by means of a statistical analysis, a sample of...

Author(s): Marco Tutino, Carlo Regoliosi, Giorgia Mattei, Niccolò Paoloni and Marco Pompili

April 2019

Dividend policy and financial performance: a study of selected deposit money banks in Nigeria

This study investigates the relationship between financial performance and dividend policy for a sample of fifteen Deposit Money Banks quoted on the Nigeria Stock Exchange 2009 to 2014. Panel data regression analysis was used as the method of analysis, and the model was estimated using the Pooled Least Squares estimation technique. The study revealed that there is a positive and significant relationship between dividend...

Author(s): Israel Odion E. Idewele and Bein A. Murad