{"id":1085,"date":"2025-02-14T15:37:52","date_gmt":"2025-02-14T15:37:52","guid":{"rendered":"https:\/\/bankfin.unipi.gr\/lcfm\/?page_id=1085"},"modified":"2026-03-26T18:20:28","modified_gmt":"2026-03-26T18:20:28","slug":"research","status":"publish","type":"page","link":"https:\/\/bankfin.unipi.gr\/lcfm\/research\/","title":{"rendered":"Research"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1085\" class=\"elementor elementor-1085\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0304f2 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"f0304f2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-76fa063\" data-id=\"76fa063\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03046f0 elementor-align-left elementor-widget elementor-widget-bdevs-exper2\" data-id=\"03046f0\" data-element_type=\"widget\" data-widget_type=\"bdevs-exper2.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t  \r\n\r\n\r\n<!--================Experience Details Area =================-->\r\n<section class=\"experience_details_area pad_100\">\r\n    <div class=\"container\">\r\n        <div class=\"row experience_inner\">\r\n            <div class=\"col-sm-4\">\r\n                <div class=\"ex_left_title\">\r\n\r\n                                        <h3 class=\"single_bar_title\">High-quality content in academic writing<\/h3>\r\n                \t\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"col-sm-8\">\r\n                <div class=\"experience_right_text\">\r\n\r\n                    \t\t            <h4>Exploring a comprehensive collection of scholarly contributions<\/h4>\r\n\t\t            \r\n                    \t\t            <p>This section highlights published academic papers, ongoing research efforts, and unpublished working papers that contribute to the evolving landscape of financial and economic studies. Through rigorous analysis and empirical investigation, these works aim to enhance understanding and provide valuable insights into global market dynamics.<\/p>\r\n\t\t            \r\n                <\/div>\r\n            <\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/section>\r\n<!--================End Experience Details Area =================-->\r\n\r\n\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f13f4b elementor-widget elementor-widget-heading\" data-id=\"4f13f4b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.5 - 27-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Academic Content<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e972a52 elementor-drop-cap-yes elementor-drop-cap-view-default elementor-widget elementor-widget-text-editor\" data-id=\"e972a52\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.5 - 27-04-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h3><u>Academic papers<\/u> <u>published<\/u><\/h3><p>\u00a0<\/p><ul><li><b>Asimakopoulos, P., Kyriazis, D. Vitkova, V. and Sudarsanam, S. (2026)<\/b>. \u201cSpecialist Shareholder Activists and their Impact on Campaign Success and Target Firm Value&#8221;, <i>European Journal of Finance<\/i> (ABS rating 3*)\u00a0 <a href=\"https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/1351847X.2026.2632721\">https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/1351847X.2026.2632721<\/a><\/li><\/ul><p>\u00a0<\/p><ul><li><strong>Apergis, N., P. Artikis and D. Kyriazis (2015). <\/strong>\u201c<em>Does stock market liquidity explain real economic activity? New evidence from two large European stock markets\u201d<\/em>. <strong><u>Journal of International Financial Markets, Institutions and Money<\/u>, 38, 42-64. <\/strong><strong>ABS rating (3<\/strong>). DOI:<a href=\"https:\/\/www.researchgate.net\/deref\/http%3A%2F%2Fdx.doi.org%2F10.1016%2Fj.intfin.2015.05.002?_sg%5B0%5D=lZH6PzaEG6oXH8PEl-jv06hdCwIgySDJ5wXBo43QAbhsiZslMOK0msAVIXC-LtGhTETbb3XnlF15F7SaS-iYo13RsA.ODmej8kSRDNBtvD7y17DSj0jT06cbt-omd84mQI3Cv1hENMQVooR42p4JLqvwkD4f99msJ29X9SKlMSW3Zb2EQ\">11016\/j.intfin.2015.05.002<\/a><\/li><\/ul><p>\u00a0<\/p><ul><li><strong>Kyriazis, D. <\/strong><strong>and Christou, (2013). <\/strong><em>\u201c<\/em><em>A Re-examination of the Performance of Value Strategies in the Athens Stock Exchange\u201d<\/em><em>.<\/em> <em>International Advances in Economic Research<\/em>, 19, 131-151. ABS rating (1) DOI: <u>10.1007\/s11294-013-9402-7<\/u><\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Kyriazis, D. (2010). <\/strong>\u201cThe Long-Term Post Acquisition Performance of Greek Acquiring Firms\u201d<em>,<\/em> <em>International Research Journal of Finance and Economics<\/em>, 43, 69-79.<\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Kyriazis, D. and Dia<\/strong><strong>c<\/strong><strong>ogiannis, G. (2008).<\/strong> \u201cThe Determinants of Wealth Gains in Greek Takeover Bids\u201d, <em>International Research Journal of Finance and Economics<\/em>, 22, 162-177.<\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Kyriazis, D. and Voudouris G. (200<\/strong><strong>8<\/strong><strong>). <\/strong>\u201cThe Post-Takeover Operational Performance: An Application to the Greek Acquiring Firms<em>\u201d<\/em>. <em>International Journal of Economic Research<\/em><em>,<\/em> 5 (1), 75-92.<\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Kyriazis, D. and Dia<\/strong><strong>c<\/strong><strong>ogiannis, G. (200<\/strong><strong>7<\/strong><strong>).<\/strong> \u201cTesting the Performance of Value Strategies in the Athens Stock Exchange\u201d, <em>Applied Financial Economics<\/em><em>,<\/em> 17, 1511-1528. ABS rating (2). DOI: <u>1080\/09603100600949226<\/u><\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Kyriazis, D. and Anastas<\/strong><strong>s<\/strong><strong>is, Ch. (2007). <\/strong>\u201cThe Validity of the Economic Value Added Model: an Empirical Application\u201d, <em>European Financial Management<\/em>, 13 (1), 71-100. ABS rating (3). DOI:<a href=\"https:\/\/www.researchgate.net\/deref\/http%3A%2F%2Fdx.doi.org%2F10.1111%2Fj.1468-036X.2006.00286.x?_sg%5B0%5D=I1G-WgmaP_9xZ6uM4ce6mLyhqj28yBkYPx3u8epnyI2dJ8M-Oz01WwxhjvlZgaEb-cN6zPEUcB5ZDCqaJ_rdC8Ubpw.Jy4JObUk6h9Zka5gqKq0PBAZdufZ38eC4sgacChoDtMQtpagPPuGZyh7grACggEYoz65kNXUmHRmfCbKUdPR1A\">1111\/j.1468-036X.2006.00286.x<\/a><\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Holl, P. and Kyriazis, D. (1997).<\/strong> \u201cWealth Creation and Bid Resistance in U.K. Takeover Bids\u201d, <em>Strategic Management Journal, 18<\/em> <em>(6)<\/em><em>, <\/em><em>483-498. <\/em><em>ABS rating (4).<\/em> DOI:<a href=\"https:\/\/www.researchgate.net\/deref\/http%3A%2F%2Fdx.doi.org%2F10.1002%2F(SICI)1097-0266(199706)18%3A6%3C483%3A%3AAID-SMJ895%3E3.0.CO%3B2-6?_sg%5B0%5D=iQ2iOHvKDsd0U_zD9json_2z7Lxm0aAy5ZnIT9HnlBcrIYBW5ScTYQQ5BvjkirlLS9i9vFuDxlCOovXDM7U03XBhpA.zLUtb_gOpG_nZDFqALMjE42RkxHtfNPMb4WBsJq1j9eVPqmc3Ii513WdjY1PHErQGqrp9hnc_wiYlMrZYgA1Vw\">1002\/(SICI)1097-0266(199706)18:6&lt;483::AID-SMJ895&gt;3.0.CO;2-6<\/a><\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Holl, P. and Kyriazis, D. (1997).<\/strong> \u201c<em>Agency, Bid Resistance and the Market for Corporate Control\u201d<\/em>, <em>Journal of Business Finance &amp; Accounting,<\/em> 24(8), 1037-1066. ABS rating (3). DOI:<a href=\"https:\/\/www.researchgate.net\/deref\/http%3A%2F%2Fdx.doi.org%2F10.1111%2F1468-5957.00150?_sg%5B0%5D=ZZbbkRB2sja6NUVpOUehIdMFyzeHYtYdlmbvPDqkBmgDliLaOx1T9kzeG7NF3bugRjCVgwe7ZLX7qM4rmulU-OIRwA.b5nPIiyweoo6HGR_1AKqqXgFHsENO5YXiytTIAYmksi3l3wLWocfA2q0K7lPqc6eqT1L2ALeDXc__CKLhZ-WRg\">1111\/1468-5957.00150<\/a><\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Holl, P., Dassiou, X. and Kyriazis, D. (1997).<\/strong> \u201cTesting for Asymmetric Information Effects in Failed Mergers\u201d. <em>International Journal of the Economics of Business,<\/em> 4 (2), 155-172. ABS rating (2) DOI:\u00a0<a href=\"https:\/\/www.researchgate.net\/deref\/http%3A%2F%2Fdx.doi.org%2F10.1080%2F758516225?_sg%5B0%5D=sHgaoxx1oEpHFAmIo7ryK7JiEA61TWpdPBV3Qm2KpelzbLcO6ImiRWF1j9bwJhicJ4PUgiZTl43Bjdstra_VF3xZ-Q.QMrJcb6zly5oX3TK-EmQ1-w9BvWhGFP1C5Nk6CdzctnyoeQ7D88jZsOz59blgEEJbFpYYyWuDm0O1hSxyqxA_g\">1080\/758516225<\/a><\/li><\/ul><p><strong>\u00a0<\/strong><\/p><ul><li><strong>Holl, P. and Kyriazis, D. (1996).<\/strong> \u201cThe Determinants of Outcome in UK Takeover Bids\u201d, <em>International Journal of the Economics of Business,<\/em> 3(2), 165-184. ABS rating (2). <a href=\"http:\/\/dx.doi.org\/10.1080\/758528451\">http:\/\/dx.doi.org\/10.1080\/758528451<\/a><\/li><li>\u00a0<\/li><\/ul><h4><u>Working<\/u> <u>papers in progress<\/u><\/h4><p>\u00a0<\/p><p><b>Asimakopoulos, P., Kyriazis, D., Konstantatos, A. and Sainis, G. (2025).<\/b>\u00a0\u201cDoes ESG performance of acquiring firms matter for employee layoffs of M&amp;As?\u201d.<\/p><p>\u00a0<\/p><h4><span style=\"text-decoration: underline;\">Unpublished working papers<\/span><\/h4><p>\u00a0<\/p><p><em><strong>Sudarsanam, S., Vitkova, V. and Kyriazis, D. (2020).<\/strong><\/em> <em>\u201cImpact of inter-country differences in disclosure and shareholder rights regimes on the formation of hedge fund\u00a0wolf-packs, campaign outcomes and target shareholder value gains\u201d.<\/em><\/p><p><strong>Lioukas, S., Dimitratos, P., Sapouna, P. and Kyriazis, D. (2018). <\/strong>\u201cThe Role of Strategic, Institutional and Cultural Distance in International Mergers and Acquisitions\u201d.<\/p><p><strong>Apergis, N., Kyriazis, D. and Paparizos P. (2015). <\/strong>\u201cDeterminants of merger waves\u201d.<\/p><p><strong>Kyriazis, D., Tsoumas, Ch. and Antzoulatos, A. (2011). <\/strong>\u201cAsymmetric Information and the Medium of Payment in US Takeover Bids\u201d<em>.<\/em> DOI:\u00a0<a href=\"https:\/\/www.researchgate.net\/deref\/http%3A%2F%2Fdx.doi.org%2F10.2139%2Fssrn.1742341?_sg%5B0%5D=k3vCWy7k1mmupWWU8ZI2dB5ZGXm0RYm5hJsGM1S-1Lz0X3ejTHfa5yiyvOZZk3T8Yr9_q9w9N_Air_sKYwG5cDSSZg.8RvGacPzgIaoFmM0zjn_BRI01x4BK_xK-DyPk3McW_h7ZuFblV7pOMgkI16FpFuAI35d6Wqe9ardm8zjSkSJZg\">10.2139\/ssrn.1742341<\/a><\/p><p><strong>Tsoumas, C. Antzoulatos, A. and Kyriazis, D. (20<\/strong><strong>09<\/strong><strong>). <\/strong><em>\u201cFinancial Development and Asymmetric Information\u201d<\/em>. DOI:\u00a0<a href=\"https:\/\/www.researchgate.net\/deref\/http%3A%2F%2Fdx.doi.org%2F10.2139%2Fssrn.1100032?_sg%5B0%5D=6hLA-QfwB9O6JGSUBvn8vVQO01UvcfM0H3uNlzwwOQbMDxj_d5s3UsbZxOeiXau6tvumls9oJVeEtdPuPCADytukOQ.Hyo14S2nDM05hjZ6JrNOsnRJoI8m9yH-hIhyCIIlIraxieVaWX-KIsc5GyNVSGUCew56usQSdF_W1kdxo0rtSQ\">10.2139\/ssrn.1100032<\/a><\/p><p><strong>Kyriazis, D. (2025). <\/strong>\u201cMergers &amp; Acquisitions (M&amp;As), forthcoming 3<sup>rd<\/sup> edition, Diplography publications, Athens.<\/p><p>The latest forthcoming edition of the book contains the updating of the large international bibliography and academic research in the scientific field of M&amp;A considering the new perspectives such as ESG, shareholder activism (e.g hedge funds) and other aspects. Also, this edition of the book covers the recent developments in the Greek legal framework in recent years. The book offers both a strong theoretical background and follows a practical approach with the addition of examples in Excel referring to the various valuation methods. This book, which has filled the gap that existed in the Greek literature of Mergers &amp; Acquisitions (M&amp;As), provides an overview of international empirical research in this field, describes and explains M&amp;A processes with an emphasis on the correct valuation of acquisition target companies by analyzing a number of practical applications with examples in Excel. The book has received very positive comments from both academics and professional market executives in Greece dealing with M&amp;As and it is used extensively as a textbook in many business finance courses in several Greek Universities across the country. It is also quite a useful tool for both executives of large companies working in M&amp;A departments and analysts working in brokerage firms and investment banks. In 2017 there was a new edition of the book that mainly covered the recent developments in the Greek legal framework in recent years.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>High-quality content in academic writing Exploring a comprehensive collection of scholarly contributions This section highlights published academic papers, ongoing research efforts, and unpublished working papers that contribute to the evolving landscape of financial and economic studies. Through rigorous analysis and empirical investigation, these works aim to enhance understanding and provide valuable insights into global market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/about-us.php","meta":{"footnotes":""},"class_list":["post-1085","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/pages\/1085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/comments?post=1085"}],"version-history":[{"count":49,"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/pages\/1085\/revisions"}],"predecessor-version":[{"id":1378,"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/pages\/1085\/revisions\/1378"}],"wp:attachment":[{"href":"https:\/\/bankfin.unipi.gr\/lcfm\/wp-json\/wp\/v2\/media?parent=1085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}