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University of Exeter Business School

Dr Christina Dargenidou

Dr Christina Dargenidou

Senior Lecturer in Finance


 +44 (0) 1392 723260

 Streatham Court 1.12


Streatham Court, University of Exeter, Rennes Drive, Exeter, EX4 4PU, UK


Christina Dargenidou  is a Senior Lecturer in Finance in the Xfi Centre for Finance and Investment. She completed her PhD thesis at Bangor University whilst holding a doctoral research fellowship, funded by the European Commission (Human Potential Network: HARMONIA project). Before her appointment at Xfi, she was working for the National Bank of Greece as an analyst for seven years. Dr Dargenidou’s papers have been published in academic journals such as Journal of Business, Finance and Accounting, European Accounting Review and Abacus.

Nationality: Greek


BA Business (AUEB, Greece), MBA (University of Macedonia, Greece), MSc Finance (Lancaster), PhD Accounting and Finance (Bangor University, UK)

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Research interests

Dr Dargenidou has been involved in various research projects in the area of market based accounting, that investigate:

  • the relation between the cost of equity capital and earnings expectations when the properties of accounting that determine earnings vary across different European jurisdictions;
  • the diversity of institutional factors across European jurisdictions as a determinant of market participants‘ accounting earnings expectations;
  • the role of disclosure in assisting market participants to form expectations of future earnings by observing the accrual content of reported earnings;
  • the demand for high quality and transparent information by market participants as a determinant of earnings quality, drawing evidence from firms that have been expanding their exposure in European markets before the IFRS implementation
  • the impact of the switch to IFRS in the European Union on the comparability of market participants‘ earnings expectations for firms in different jurisdictions;
  • the capital market effects of the interaction between insider trading and financial reporting discretion in various settings and
  • the monitoring role of institutional ownership in the banking sector.

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Journal articles

Dargenidou C, Tonks I, Tsoligkas F (In Press). Insider Trading and the Post-Earnings Announcement Drift. SSRN Electronic Journal
Dargenidou C (2021). Capitalisation of R&D and the informativeness of stock prices: Pre- and post-IFRS evidence. The British Accounting Review
Dargenidou C, Tonks I, Tsoligkas F (2017). Insider trading and the post-earnings announcement drift. Journal of Business Finance and Accounting
Dargenidou C, Gregory A, Hua S (2016). How far does financial reporting allow us to judge whether M&A activity is successful?. Accounting and Business Research, 46(5), 467-499.
Dargenidou C, Raonic I, McLeay SJ (2011). Accruals, Disclosure and the Pricing of Future Earnings in the European Market. Journal of Business Finance and Accounting, 38(5-6), 473-504. Abstract.
Dargenidou C, McLeay SJ (2010). The impact of introducing estimates of the future on international comparability in earnings expectations. European Accounting Review, 19(3), 511-534. Abstract.
Dargenidou C, McLeay S, Raonic I (2007). Ownership, investor protection and earnings expectations. Journal of Business, Finance and Accounting, 34(1-2), 247-268. Abstract.
Dargenidou C, McLeay S, Raonic I (2006). Expected earnings growth and the cost of capital: an analysis of accounting regime change in the European financial market. ABACUS - a Journal of Accounting Finance and Business Studies, 42(3-4), 388-414. Abstract.


Dargenidou C, Jaafar A, McLeay S (2014). Regulation, Bonding and the Quality of Financial Statements. In  (Ed) Accounting and Regulation, Springer Nature, 191-228.
Dargenidou C, Jaafar A, McLeay SJ (2013). Regulation, Bonding and the Quality of Financial Statements: an Analysis of Cross-Listing in European Markets. In Di Pietra R, McLeay S, Ronen J (Eds.) Accounting and Regulation: New Insights on Governance, Markets and Institutions, New York: Springer, 191-228. Abstract.

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External Engagement and Impact

Awards and Honours

  • British Academy Conference Award 2009
  • European Commission, Human Potential Programme HPRN-CT-2000-00062- HARMONIA
  • Research fellowship:
    University of Wales, Bangor, UK, 2001-2004
    University College Dublin, Ireland, 2000-2001
  • American Accounting Association-International section: Grant for the presentation of doctoral student projects at the 2003 mid-year meeting
  • KPMG/European Accounting Association: Doctoral Colloquium 2003

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Taught modules

BEAM032: Investment Analysis 1
BEFM011: Financial Statement Analysis


BEAM100: Readings in Accounting and Finance (PhD level)
BEAM048: Investment Analysis Project
BEFM020:  MSc Dissertations



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Supervision / Group

Postgraduate researchers

  • Dimos Andronoudis (as of 2011- main advisor)
  • Fanis Tsoligkas (as of 2009 - main advisor)
  • Wei Xue (as of 2009 - main advisor)

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