Publications
Μια λίστα των δημοσιεύσεων των μελών του τμήματος μπορεί να βρεθεί στο REPEC.
Selected Publications
Department’s Faculty Members’ publications (alphabetically sorted)
- Anagnostopoulou, and Tsekrekos, A.E. (2025). ‘Accounting Comparability Between M&A Bidders and Targets and Deal Outcome’, Journal of International Financial Markets, Institutions and Money, 99, Article 102096.
- Anagnostopoulou, S.C. (2024) ‘Accruals Quality and Efficient Investing: Cross-country Evidence’, Journal of International Accounting, Auditing, and Taxation, 57, Article 100654
- Anagnostopoulou, S.C., and Malikov, K. (2024) ‘The Real Consequences of Classification Shifting: Evidence from the Efficiency of Corporate Investment’, European Accounting Review, 33(4), pp. 1549-1577.
- Anagnostopoulou, S.C., Trigeorgis, L., and Tsekrekos, A.E. (2023) ‘Enhancement in a Firm’s Information Environment via Options Trading and the Efficiency of Corporate Investment’, Journal of Banking and Finance, 139, Article 106809.
- Anagnostopoulou, S.C., and Avgoustaki, A. (2023). ‘The Impact of Human Resource Practices on Corporate Investment Efficiency’, International Review of Financial Analysis, 87, Article 102609.
- Anagnostopoulou, S.C., and Stavropoulou, C. (2023) ‘Earnings Management in Public Healthcare Organizations: The Case of the English NHS Hospitals’, Public Money and Management, 43(2), pp. 95-104.
- Anagnostopoulou, S.C., Gounopoulos, D., Malikov, K., and Pham, H. (2021) ‘Earnings Management by Classification Shifting and IPO Survival, Journal of Corporate Finance, 66, Article 101796.
- Anagnostopoulou, S.C., Tsekrekos, A.E. and Voulgaris, G. (2021) ‘Accounting Conservatism and Corporate Social Responsibility’, The British Accounting Review, 53(4), Article 100942.
- Anagnostopoulou, S.C., Buhalis, D., Kountouri, I., Manousakis, E., and Tsekrekos, A.E. (2020) ‘The Impact of Online Reputation on Hotel Profitability’, International Journal of Contemporary Hospitality Management, 32(1), pp. 20-39.
- Anagnostopoulou, S.C., Ferentinou, A.C., Tsaousis, P., and Tsekrekos, A.E. (2018) ‘The Options Market Reaction to Bank Loan Announcements’, Journal of Financial Services Research, 53 (1), pp. 99-139.
- Anagnostopoulou, S.C. (2017) ‘Accounting Quality and Loan Pricing: The Effect of Cross-Country Differences in Legal Enforcement’, The International Journal of Accounting, 52 (2), pp. 178-200.
- Anagnostopoulou, S.C., and Tsekrekos, A.E. (2017) ‘The Effect of Financial Leverage on Real and Accrual-based Earnings Management’, Accounting and Business Research, 47 (2), pp. 191-236.
- Anagnostopoulou, S.C., and Tsekrekos, A.E. (2015) ‘Earnings Management in Firms Seeking to Be Acquired’, The British Accounting Review, 47 (4), pp. 351-375.
- “Optimal Investment and Derivative Demand under Price Impact”, joint work with S. Robertson and K. Spiliopoulos. Accepted for publication to Mathematical Finance.
- “The Effective Risk Aversion in Thin Risk-Sharing Markets”, joint work with C. Kardaras and G. Vichos. Mathematical Finance 2020; 30: 1565– 1590.
- “Nash Equilibria in Optimal Reinsurance Bargaining”, joint work with T.J. Boonen. Insurance: Mathematics and Economics, 93, 196-205 (2020).
- “The Pricing of Contingent Claims and Optimal Positions in Asymptotically Complete Markets”, joint work with S. Robertson and K. Spiliopoulos. Annals of Applied Probability, 27 (3), 1778-1830 (2017).
- “Equilibrium in Risk-Sharing Games”, joint work with C. Kardaras. Finance and Stochastics, 21, 815-865 (2017).
- “Credit Rationing and Rational Behavior”, Journal of Money, Credit, and Banking, vol. 26, nο. 2, May 1994, pp. 182-202.
- “Borrowing Constraints, Income Expectations and the Euler Equation – Theory and Evidence” Economics Letters, vol. 45, July 1994, pp. 323-327.
- “On the Determinants and Resilience of LDC Bond Issuance, 1990 – 1995”, Journal of International Money and Finance, vol. 19, no. 3, 2000, pp. 399-418.
- “Arbitrage Opportunities on the Road to Stabilization and Reform”, Journal of International Money and Finance, vol. 21, 2002, pp. 1013-1034.
- “Bank Lending to LDCs – Lessons from the 1970s” (with N. Seth), International Economic Journal, vol. 17, nο. 2, Summer 2003, pp. 19-36.
- “Financial System Structure and Change – Evidence from the O.E.C.D. Countries” (with C. Tsoumas and J. Thanopoulos), Journal of Economic Integration, 23, no. 4, December 2008, pp. 977 – 1001.
- “Do Financial Systems Converge?” (with E.Panopoulou and C. Tsoumas), Review of International Economics, v19, no. 1, 2011, pp. 122–136.
- “The Enigma of Non-Interest Income Convergence” (with E.Panopoulou and C. Tsoumas), Applied Financial Economics, v 21, no. 17, 2011 (September), pp. 1309 – 1316.
- “Greece in 2010: A Tragedy Without(?) Catharsis”, International Advances in Economic Research, v 17, no. 3, 2011, pp. 241-257 (lead article).
- “Policy Responses to the European Debt Crisis – Treating the ‘Symptoms’ or the ‘Disease’?”, Panoeconomicus, v 59, no. 5, 2012 (December), pp. 529 – 552, (lead article – by invitation).
- “Institutions, Moral Hazard and Expected Government Support of Banks” (with C. Tsoumas), Journal of Financial Stability, vol. 15, 2014 (December), pp. 161 – 171.
- “Supply of capital and capital structure: The role of financial development” (with K. Koufopoulos, C. Lambrinoudakis and E. Tsiritakis), Journal of Corporate Finance, vol. 38(C), 2016, pp. 166 – 195.
- Asimakopoulos, P., Asimakopoulos, S., and Aichen, Z. (2021) ‘Dividend smoothing and credit rating changes’, The European Journal of Finance, 27 (1-2), pp. 62-85, DOI: 10.1080/1351847X.2020.1739101. (ABS 3)
- Asimakopoulos, P., Asimakopoulos, S., and Fernandes, F. (2019) ‘Cash holdings of listed and unlisted firms: New evidence from the euro area’, The European Journal of Finance, 25 (17), pp. 1708-1729, DOI: 10.1080/1351847X.2019.1652197. (ABS 3)
- Asimakopoulos, P., and Asimakopoulos, S. (2017) ‘Fiscal policy with banks and financial frictions’, Journal of Financial Stability, 40, pp. 94-109, DOI: 10.1016/j.jfs.2017.10.010. (ABS 3)
- Asimakopoulos, P., Asimakopoulos, S., Kourogenis, N., and Tsiritakis, E. (2017) ‘Time-disaggregated dividend-price ratio and dividend growth predictability in large equity markets’, Journal of Financial and Quantitative Analysis, 52 (5), pp. 2305-2326, DOI: 10.1017/S0022109017000643. (ABS 4)
- Asimakopoulos, P., Tsagarakis, N., and Tsiritakis, E. (2015) ‘Price adjustment method and ex-dividend day returns in a different institutional setting’, International Review of Financial Analysis, 41, pp. 1-12, DOI: 10.1016/j.irfa.2015.05.005. (ABS 3)
- P. Bechlioulis, C. Economidou, D. Karamanis, D. Konstantios (2023). ’How important are capital controls in shaping R&D activity?’ Journal of International Money and Finance, 131.
- P. Bechlioulis, D. Karamanis (2023). ’Consumers’ changing financial behavior during the COVID-19 lockdown: the case of internet banking use in Greece.’ Journal of Financial Services Marketing, 28, 526-543.
- P. Bechlioulis, S. N. Brissimis (2021). ’Consumer default and optimal consumption decisions.’ Journal of Economic Studies, 48, 1020-1034.
- P. Bechlioulis, S. N. Brissimis (2021). ’Are household consumption decisions affected by past due unsecured debt? Theory and evidence.’ International Journal of Finance and Economics, 26, 3040-3053.
- P. Bechlioulis, S. N. Brissimis (2021). ’Identifying key aspects of household behavior in a representative agent framework.’ Economic Modelling, 97, 105-117.
- P. Bechlioulis, S. N. Brissimis (2019). ’Consumer debt non-payment and the borrowing constraint: Implications for consumer behavior.’ Journal of Banking and Finance, 101, 161-172.
- Artikis, P., Diamantopoulou, L., Papanastasopoulos, G. (2022). “Asset growth and stock returns in European equity markets: Implications of investment and accounting distortions.” Journal of Corporate Finance.
- Artikis, P., Diamantopoulou, L., Papanastasopoulos, G. (2021). “New Insights on the Asset Growth Anomaly: Evidence from Europe.” The European Journal of Finance.
- I. Kartala, N. Englezos, and A. N. Yannacopoulos. Future Expectations Modeling, Random Coefficient Forward-Backward Stochastic Differential Equations, and Stochastic Viscosity Solutions. Mathematics of Operations Research, 45(2), 403-433, 2020.
- Koundouri, C. Roseta-Palma, and N. Englezos. Out of Sight, Not Out of Mind: Developments in Economic Models of Groundwater Management. International Review of Environmental and Resource Economics, 11(1), 55-96, 2017.
- Englezos, N. E. Frangos, X. I. Kartala, and A. N. Yannacopoulos. Stochastic Burgers Equation and a Generalization of the Cole-Hopf Transformation. Stochastic Processes and their Applications, 123(8), 3239-3272, 2013.
- Englezos and I. Karatzas. Utility Maximization with Habit Formation: Dynamic Programming and Stochastic PDE’s. SIAM Journal on Control and Optimization, 48, 481- 520, 2009.
- Antypas, A., Caporale, G.M., Kourogenis, N., Pittis, N. (2020). Estimation of conditional asset pricing models with integrated variables in the beta specification. Research in International Business and Finance 52, April 2020, 101148.
- Asimakopoulos, P., Asimakopoulos, S., Kourogenis, N., Tsiritakis, E. (2017). Time-Disaggregated Dividend-Price Ratio and Dividend Growth Predictability in Large Equity Markets. Journal of Financial and Quantitative Analysis 52, 2305-2326.
- Koundouri, P., Kourogenis, N., Pittis, N., Samartzis, P. (2016). Factor Models of Stock Returns: GARCH Errors versus Time-Varying Betas. Journal of Forecasting 35, 445-461.
- Koundouri, P., Kourogenis, N., Pittis, N. (2016). Statistical Modeling of Stock Returns: Explanatory or Descriptive? A Historical Survey with Some Methodological Reflections. Journal of Economic Surveys 30, 149-164. DOI: 10.1111/joes.12093
- Kourogenis, N. (2015). Polynomial Trends, Nonstationary Volatility and the Eicker-White Asymptotic Variance Estimator. Economics Bulletin 35, 1675-1680. http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I3-P169.pdf
- Antypas, A., Koundouri, P., Kourogenis, N. (2013). Aggregational Gaussianity and Barely Infinite Variance in Financial Returns, Journal of Empirical Finance 20, 102-108.
- Koundouri, P., Kourogenis, N. (2011). On the Distribution of Crop Yields: Does the Central Limit Theorem Apply?, American Journal of Agricultural Economics 93, 1341-1357.
- Kourogenis, Nikolaos; Pittis, Nikitas. (2011). Mixing Conditions, Central Limit Theorems and Invariance Principles: A Survey of the Literature with Some New Results on Heteroscedastic Sequences, Econometric Reviews 30, 88-108.
- Kourogenis, Nikolaos; Pittis, Nikitas. (2010). Unbounded heteroscedasticity in first-order autoregressive models and the Eicker–White asymptotic variance estimator, Economics Letters 106, 84-86.
- Kourogenis, Nikolaos; Pittis, Nikitas. (2008). Testing for a Unit Root Under Errors with Just Barely Infinite Variance, Journal of Time Series Analysis, 29, 1066-1087.
- Kourogenis, Nikolaos; Pittis, Nikitas. (2008). Cointegration, variance shifts and the limiting distribution of the OLS estimator. Economics Letters, 99, 103-106.
- Kandilakis, Dimitrios; Kourogenis, Nikolaos C.; Papageorgiou, Nikolaos S. (2006). Two nontrivial critical points for nonsmooth functionals via local linking and applications. Journal of Global Optimization. 34, no. 2, 219—244.
- Kourogenis, Nikolaos C. (2003). Strongly nonlinear second order differential inclusions with generalized boundary conditions. J. Math. Anal. Appl. 287, no. 2, 348-364.
- Kourogenis, Nikolaos C.; Papageorgiou, Nikolaos S. (2003). Nonlinear hemivariational inequalities of second order using the method of upper-lower solutions. Proc. Amer. Math. Soc. 131, no. 8, 2359—2369.
- Kourogenis, N. C., and Papageorgiou, N. S. (2000). “Nonsmooth critical point theory and nonlinear elliptic equations at resonance”, Journal of the Australian Mathematical Society Ser. A, 69, 245-271.
- Kourogenis, N. C., and Papageorgiou, N. S. (2000). “Optimization and relaxation of nonlinear elliptic control systems”, Japan Journal of Industrial and Applied Mathematics, 17, 453-479.
- Apergis, N., P. Artikis and D. Kyriazis (2015). “Does stock market liquidity explain real economic activity? New evidence from two large European stock markets”. Journal of International Financial Markets, Institutions and Money, 38,: 42-64. ABS rating (3). DOI: 11016/j.intfin.2015.05.002
- Kyriazis, D. and Christou, Ch. (2013). “A Re-examination of the Performance of Value Strategies in the Athens Stock Exchange”. International Advances in Economic Research, 19,: 131-151. ABS rating (1) DOI: 10.1007/s11294-013-9402-7
- Kyriazis, D. and Diacogiannis, G. (2007). “Testing the Performance of Value Strategies in the Athens Stock Exchange”, Applied Financial Economics, 17 : 1511-1528. ABS rating (2). DOI: 1080/09603100600949226
- Kyriazis, D. and Anastassis, Ch. (2007). “The Validity of the Economic Value Added Model: an Empirical Application”, European Financial Management, 13, (1) : 71-100. ABS rating (3). DOI: 1111/j.1468-036X.2006.00286.x
- Holl, P. and Kyriazis, D. (1997). “Wealth Creation and Bid Resistance in U.K. Takeover Bids”, Strategic Management Journal, 18(6): 483-498. ABS rating (4). DOI: 1002/(SICI)1097-0266(199706)18:6<483::AID-SMJ895>3.0.CO;2-6
- Holl, P. and Kyriazis, D. (1997). “Agency, Bid Resistance and the Market for Corporate Control”, Journal of Business Finance & Accounting, 24, (8) : 1037-1066. ABS rating (3). DOI: 10.1111/1468-5957.00150
- Fiscal Policy with an Informal Sector (with H. Dellas, D. Papageorgiou and E. Vourvachaki), Journal of Economic Dynamics and Control, 2024, vol. 160. https://doi.org/10.1016/j.jedc.2024.104820
- A global monetary policy factor in sovereign bond yields (with P. Migiakis). Journal of Empirical Finance, 2023, vol. 70, pp. 445-465. https://doi.org/10.1016/j.jempfin.2022.12.011
- Disrupted lending relationship and borrowers’ strategic default (with P. Avramidis and Y. Asimakopoulos). Journal of Financial Services Research 2022, https://doi.org/10.1007/s10693-021-00368-7.
- Do banks appraise internal capital markets during credit shocks? Evidence from the Greek crisis (with P. Avramidis, Y. Asimakopoulos and N. Travlos). Journal of Financial Intermediation, 2021, vol. 45, pp. 1-13. https://doi.org/10.1016/j.jfi.2020.100855
- The re-pricing of sovereign risks following the global financial crisis (with P. Migiakis). Journal of Empirical Finance, 2018, vol. 49c, pp. 39-56. https://doi.org/10.1016/j.jempfin.2018.09.003
- Comment on: “The Euro Crisis: A View from the North”. Journal of Macroeconomics, 2014, vol. 39, part B, pp. 272-274. https://doi.org/10.1016/j.jmacro.2013.08.003
- The Impact of EMU on the Equity Cost of Capital (with G. Hardouvelis and R. Priestley). Journal of International Money and Finance, 2007, vol. 26, Issue 2, pp. 305-327. https://doi.org/10.1016/j.jimonfin.2006.12.002
- EMU and European Stock Market Integration (with Gikas Hardouvelis and Richard Priestley), Journal of Business, 2006, vol. 79, No. 1, pp. 365-392. https://doi.org/10.1086/497414
- A Note on Nonstationarity, Structural Breaks, and the Fisher Effect. Journal of Banking and Finance, 2000, vol. 24, No. 4, pp. 695-707. https://doi.org/10.1016/S0378-4266(99)00064-3
- Mean Reversion in South-East Asian Stock Markets (with Richard Priestley), Journal of Empirical Finance, 1999, vol. 6, pp. 355-384. https://doi.org/10.1016/S0927-5398(99)00010-9
See the Selected Publications Section.
For all publications, see the Publications List.
- Ex-post risk premia estimation and asset pricing tests using large cross sections: The regression-calibration approach (with Soohun Kim), Journal of Econometrics, 204, 2018, 159-188. (ABS 4)
- Improving the predictability of real economic activity and asset returns with forward variances inferred from option portfolios (with Gurdip Bakshi and George Panayotov), Journal of Financial Economics, 100, 2011, 475-495. (ABS 4*)
- Solving consumption and portfolio choice problems: The state variable decomposition method (with Lorenzo Garlappi), Review of Financial Studies, 23, 2010, 3346-3400. (ABS 4*)
- Do subjective expectations explain asset pricing puzzles? (with Gurdip Bakshi), Journal of Financial Economics, 98, 2010, 462-477. (ABS 4*)
- Generalized method of moments: applications in Finance (with Ravi Jagannathan and Zhenyu Wang), Journal of Business and Economics Statistics, 20, 2002, 470-481. (ABS 4)
- “Oligarchy, Underutilized Capacity, and Government Policy,” European Economic Review, forthcoming.
- “Network Externalities, Dominant Value Margins, and Equilibrium Uniqueness” (with Jay Pil Choi), International Economic Review, November 2022, p. 1805-1827.
- “Social Conflict, Property Rights, and the Capital-Labor Split,” Journal of Theoretical Politics, October 2020, p. 582-604.
- “Naked Exclusion and the Volatility of Innovation,” American Economic Journal: Microeconomics, August 2016, p. 39-50.
- “Ethics, Welfare, and Capital Markets” (with George Kanatas), Games and Economic Behavior, September 2014, p. 34-49.
- “Appropriation, Property Rights Institutions, and International Trade,” American Economic Journal: Economic Policy, November 2010, p. 148-172.
- “Tying, Investment, and the Dynamic Leverage Theory” (with Jay Pil Choi), RAND Journal of Economics, Spring 2001, p. 52-71.
- (2006), “Strategic Market Games Quantal Response Equilibria”, Economic Theory 27.2: 475-482.
- (2009), (joint with D.P.Tsomocos), “A Necessary and Sufficient Condition for Convergence of Statistical to Strategic Equilibria of Market Games”, International Game Theory Review 11.4: 479-489.
- (2013), “Arbitrage, strategic inefficiency and self-regulation”, Review of Economic Design, March 2013, Volume 17, Issue 1, pp 27–41
- (2016), ”Mood effects in optimal debt contracts”, Journal of Behavioral and Experimental Finance, Volume 10, June 2016, Pages 50–53
