Publications

by members of

Department of Accounting and Finance
Athens University of Economics and Business (AUEB)
Athens, Greece

Working papers

2009

1. Konstantinos Drakos, 2009. "Big Questions, Little Answers: Terrorism Activity, Investor Sentiment and Stock Returns," Economics of Security Working Paper Series 8, DIW Berlin, German Institute for Economic Research. [Downloadable!]
2. Konstantinos Drakos, 2009. "Security Economics: A Guide for Data Availability and Needs," Economics of Security Working Paper Series 6, DIW Berlin, German Institute for Economic Research. [Downloadable!]

2007

1. Bekiros, S. & Diks, C.G.H., 2007. "The Relationship between Crude Oil Spot and Futures Prices: Cointegration, Linear and Nonlinear Causality," CeNDEF Working Papers 07-11, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance. [Downloadable!]
2. Bekiros, S. & Diks, C.G.H., 2007. "The Nonlinear Dynamic Relationship of Exchange Rates: Parametric and Nonparametric Causality testing," CeNDEF Working Papers 07-08, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance. [Downloadable!]

2006

1. Bekiros, S. & Georgoutsos, D., 2006. "Direction-of-Change Forecasting using a Volatility- Based Recurrent Neural Network," CeNDEF Working Papers 06-16, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance. [Downloadable!]
2. Bekiros, S. & Georgoutsos, D., 2006. "Estimating the Correlation of International Equity Markets with Multivariate Extreme and Garch models," CeNDEF Working Papers 06-17, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance. [Downloadable!]

2005

1. Georgios Bitros & Manolis Kavussanos, 2005. "A cross sectional analysis of ship maintenance expenses," Macroeconomics 0504030, EconWPA. [Downloadable!]

Journal articles

2009

1. Konstantinos Drakos & Nicholas Giannakopoulos, 2009. "An econometric analysis of counterterrorism effectiveness: the impact on life and property losses," Public Choice, Springer, vol. 139(1), pages 135-151, April. [Downloadable!] (restricted)
2. Leledakis, George N. & Papaioannou, George J. & Travlos, Nickolaos G. & Tsangarakis, Nickolaos V., 2009. "Stock splits in a neutral transaction cost environment: Evidence from the Athens Stock Exchange," Journal of Multinational Financial Management, Elsevier, vol. 19(1), pages 12-25, February. [Downloadable!] (restricted)
3. Bekiros, Stelios D., 2009. "A robust algorithm for parameter estimation in smooth transition autoregressive models," Economics Letters, Elsevier, vol. 103(1), pages 36-38, April. [Downloadable!] (restricted)

2008

1. Konstantinos Drakos, 2008. "Efficiency and formation of expectations: evidence from the European investment survey," Applied Economics, Taylor and Francis Journals, vol. 40(8), pages 1015-1022. [Downloadable!] (restricted)
2. Konstantinos Drakos & Eleftherios Goulas, 2008. "Irreversible investment under uncertainty: the message in Leasing Expenditures," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 1(4), pages 412-426, January. [Downloadable!] (restricted)
3. Konstantinos Drakos & Eleftherios Goulas, 2008. "The relative importance of sector and country factors for leasing penetration rates across European industries," Applied Economics Letters, Taylor and Francis Journals, vol. 15(15), pages 1197-1200. [Downloadable!] (restricted)
4. Stelios Bekiros & Dimitris Georgoutsos, 2008. "Extreme returns and the contagion effect between the foreign exchange and the stock market: evidence from Cyprus," Applied Financial Economics, Taylor and Francis Journals, vol. 18(3), pages 239-254. [Downloadable!] (restricted)
5. S. D. Bekiros & D. A. Georgoutsos, 2008. "Direction-of-change forecasting using a volatility-based recurrent neural network," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 27(5), pages 407-417. [Downloadable!]
6. Stelios Bekiros & Dimitris Georgoutsos, 2008. "Non-linear dynamics in financial asset returns: the predictive power of the CBOE volatility index," European Journal of Finance, Taylor and Francis Journals, vol. 14(5), pages 397-408. [Downloadable!] (restricted)
7. Bekiros, Stelios D. & Georgoutsos, Dimitris A., 2008. "The extreme-value dependence of Asia-Pacific equity markets," Journal of Multinational Financial Management, Elsevier, vol. 18(3), pages 197-208, July. [Downloadable!] (restricted)
8. Bekiros, Stelios D. & Diks, Cees G.H., 2008. "The relationship between crude oil spot and futures prices: Cointegration, linear and nonlinear causality," Energy Economics, Elsevier, vol. 30(5), pages 2673-2685, September. [Downloadable!] (restricted)
9. Bekiros, Stelios D. & Diks, Cees G.H., 2008. "The nonlinear dynamic relationship of exchange rates: Parametric and nonparametric causality testing," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1641-1650, December. [Downloadable!] (restricted)
10. Manolis Kavussanos & Ilias Visvikis, 2008. "Hedging effectiveness of the Athens stock index futures contracts," European Journal of Finance, Taylor and Francis Journals, vol. 14(3), pages 243-270. [Downloadable!] (restricted)
11. Manolis G. Kavussanos & Ilias D. Visvikis & Panayotis D. Alexakis, 2008. "The Lead-Lag Relationship Between Cash and Stock Index Futures in a New Market," European Financial Management, Blackwell Publishing Ltd, vol. 14(5), pages 1007-1025. [Downloadable!] (restricted)
12. Anagnostopoulou, Seraina C. & Levis, Mario, 2008. "R&D and performance persistence: Evidence from the United Kingdom," The International Journal of Accounting, Elsevier, vol. 43(3), pages 293-320, September. [Downloadable!] (restricted)
13. Seraina C. Anagnostopoulou, 2008. "R&D expenses and firm valuation: a literature review," International Journal of Accounting and Information Management, Emerald Group Publishing, vol. 16(1), pages 5-24, July. [Downloadable!] (restricted)
14. Episcopos, Athanasios, 2008. "Bank capital regulation in a barrier option framework," Journal of Banking & Finance, Elsevier, vol. 32(8), pages 1677-1686, August. [Downloadable!] (restricted)

2007

1. Konstantinos Drakos & Eleftherios Goulas & Christos Kallandranis, 2007. "New vs. used capital investment decisions under liquidity constraints," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 3(1), pages 15-18, January. [Downloadable!] (restricted)
2. Konstantinos Drakos & Christos Kallandranis, 2007. "Investment and cash flow: evidence for asymmetries in European manufacturing," Applied Financial Economics, Taylor and Francis Journals, vol. 17(14), pages 1191-1200. [Downloadable!] (restricted)
3. Konstantinos Drakos, 2007. "The size of under-reporting bias in recorded transnational terrorist activity," Journal Of The Royal Statistical Society Series A, Royal Statistical Society, vol. 170(4), pages 909-921. [Downloadable!] (restricted)
4. Konstantinos Drakos & Paris Zachouris, 2007. "On performance persistence in the Greek equity fund market," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 9(1), pages 75-91, January. [Downloadable!] (restricted)
5. Stelios D. Bekiros, 2007. "A neurofuzzy model for stock market trading," Applied Economics Letters, Taylor and Francis Journals, vol. 14(1), pages 53-57, January. [Downloadable!] (restricted)

2006

1. Konstantinos Drakos & Andreas Gofas, 2006. "In Search Of The Average Transnational Terrorist Attack Venue," Defence and Peace Economics, Taylor and Francis Journals, vol. 17(2), pages 73-93, April. [Downloadable!] (restricted)
2. Konstantinos Drakos, 2006. "A note on uncertainty and investment across the spectrum of irreversibility," Applied Economics Letters, Taylor and Francis Journals, vol. 13(13), pages 873-876, October. [Downloadable!] (restricted)
3. Drakos, Konstantinos & Goulas, Eleftherios, 2006. "Investment and conditional uncertainty: The role of market power, irreversibility, and returns-to-scale," Economics Letters, Elsevier, vol. 93(2), pages 169-175, November. [Downloadable!] (restricted)
4. Konstantinos Drakos & Christos Kallandranis, 2006. "Modelling Labour Demand Dynamics beyond the Frictionless Environment," LABOUR, CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd, vol. 20(4), pages 699-720, December. [Downloadable!] (restricted)
5. Evangelos Karanikas & George Leledakis & Elias Tzavalis, 2006. "Structural Changes in Expected Stock Returns Relationships: Evidence from ASE," Journal of Business Finance & Accounting, Blackwell Publishing, vol. 33(9-10), pages 1610-1628. [Downloadable!] (restricted)

2005

1. Konstantinos Drakos & Ali M. Kutan, 2005. "Why Do Financial Markets Move Together?: An Investigation of Greek and Turkish Markets," Eastern European Economics, M.E. Sharpe, Inc., vol. 43(4), pages 5-26, August. [Downloadable!] (restricted)
2. Bekiros, Stelios D. & Georgoutsos, Dimitris A., 2005. "Estimation of Value-at-Risk by extreme value and conventional methods: a comparative evaluation of their predictive performance," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 15(3), pages 209-228, July. [Downloadable!] (restricted)
3. Manolis Kavussanos & Ilias Visvikis & David Menachof, 2005. "The Unbiasedness Hypothesis in the Freight Forward Market: Evidence from Cointegration Tests," Review of Derivatives Research, Springer, vol. 7(3), pages 241-266, October. [Downloadable!] (restricted)

2004

1. Drakos, Konstantinos, 2004. "Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks," European Journal of Political Economy, Elsevier, vol. 20(2), pages 435-446, June. [Downloadable!] (restricted)
2. Kavussanos, Manolis G. & Visvikis, Ilias D., 2004. "Market interactions in returns and volatilities between spot and forward shipping freight markets," Journal of Banking & Finance, Elsevier, vol. 28(8), pages 2015-2049, August. [Downloadable!] (restricted)
3. Kavussanos, Manolis G. & Marcoulis, Stelios N., 2004. "4. Cross-Industry Comparisons Of The Behaviour Of Stock Returns In Shipping, Transportation And Other Industries," Research in Transportation Economics, Elsevier, vol. 12(1), pages 107-142, January. [Downloadable!] (restricted)
4. Amir H. Alizadeh & Manolis G. Kavussanos & David A. Menachof, 2004. "Hedging against bunker price fluctuations using petroleum futures contracts: constant versus time-varying hedge ratios," Applied Economics, Taylor and Francis Journals, vol. 36(12), pages 1337-1353, July. [Downloadable!] (restricted)
5. Shackleton, Mark B. & Tsekrekos, Andrianos E. & Wojakowski, Rafal, 2004. "Strategic entry and market leadership in a two-player real options game," Journal of Banking & Finance, Elsevier, vol. 28(1), pages 179-201, January. [Downloadable!] (restricted)
6. Episcopos, Athanasios, 2004. "The implied reserves of the Bank Insurance Fund," Journal of Banking & Finance, Elsevier, vol. 28(7), pages 1617-1635, July. [Downloadable!] (restricted)

2003

1. Drakos, Kostas, 2003. "Assessing the success of reform in transition banking 10 years later: an interest margins analysis," Journal of Policy Modeling, Elsevier, vol. 25(3), pages 309-317, April. [Downloadable!] (restricted)
2. Drakos, Konstantinos, 2003. "The term structure of deviations from the interest parity," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 13(1), pages 57-67, February. [Downloadable!] (restricted)
3. George Leledakis & Ian Davidson & George Karathanassis, 2003. "Cross-sectional estimation of stock returns in small markets: The case of the Athens Stock Exchange," Applied Financial Economics, Taylor and Francis Journals, vol. 13(6), pages 413-426, January. [Downloadable!] (restricted)
4. Manolis Kavussanos & Nikos Nomikos, 2003. "Price Discovery, Causality and Forecasting in the Freight Futures Market," Review of Derivatives Research, Springer, vol. 6(3), pages 203-230, October. [Downloadable!] (restricted)
5. Manolis G Kavussanos, 2003. "Time Varying Risks Among Segments of the Tanker Freight Markets," Maritime Economics and Logistics, Palgrave Macmillan Journals, vol. 5(3), pages 227-250, September. [Downloadable!] (restricted)

2002

1. Kavussanos, Manolis G & Marcoulis, Stelios N & Arkoulis, Angelos G, 2002. "Macroeconomic Factors and International Industry Returns," Applied Financial Economics, Taylor and Francis Journals, vol. 12(12), pages 923-31, December. [Downloadable!] (restricted)
2. Kavussanos, Manolis G. & Alizadeh-M, Amir H., 2002. "Seasonality patterns in tanker spot freight rate markets," Economic Modelling, Elsevier, vol. 19(5), pages 747-782, November. [Downloadable!] (restricted)
3. Manolis G. Kavussanos & Amir H. Alizadeh-M, 2002. "The Expectations Hypothesis of the Term Structure and Risk Premiums in Dry Bulk Shipping Freight Markets," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 36(2), pages 267-304, May. [Downloadable!] (restricted)

2001

1. Drakos, Konstantinos, 2001. "Fixed income excess returns and time to maturity," International Review of Financial Analysis, Elsevier, vol. 10(4), pages 431-442. [Downloadable!] (restricted)
2. Drakos, Konstantinos, 2001. "Monetary policy and the yield curve in an emerging market: the Greek case," Emerging Markets Review, Elsevier, vol. 2(3), pages 244-262, September. [Downloadable!] (restricted)
3. Drakos, Kostantinos, 2001. "The Expectations Hypothesis of the Term Structure: The Greek Interbank Market," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 54(4), pages 477-489.
4. Kavussanos, Manolis G & Dockery, Everton, 2001. "A Multivariate Test for Stock Market Efficiency: The Case of ASE," Applied Financial Economics, Taylor and Francis Journals, vol. 11(5), pages 573-79, October. [Downloadable!] (restricted)

2000

1. Episcopos, Athanasios, 2000. "Further evidence on alternative continuous time models of the short-term interest rate," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 10(2), pages 199-212, June. [Downloadable!] (restricted)

1999

1. Kate Phylaktis & Manolis Kavussanos & Gikas Manalis, 1999. "Price Limits and Stock Market Volatility in the Athens Stock Exchange," European Financial Management, Blackwell Publishing Ltd, vol. 5(1), pages 69-84. [Downloadable!] (restricted)

1998

1. Episcopos, Athanasios & Pericli, Andreas & Hu, Jianxun, 1998. "Commercial Mortgage Default: A Comparison of Logit with Radial Basis Function Networks," The Journal of Real Estate Finance and Economics, Springer, vol. 17(2), pages 163-78, September. [Downloadable!] (restricted)

1997

1. Kavussanos, Manolis G, 1997. "The Dynamics of Time-Varying Volatilities in Different Size Second-Hand Ship Prices of the Dry-Cargo Sector," Applied Economics, Taylor and Francis Journals, vol. 29(4), pages 433-43, April. [Downloadable!] (restricted)

1996

1. Dockery, E & Kavussanos, M G, 1996. "Testing the Efficient Market Hypothesis Using Panel Data, with Application to the Athens Stock Market," Applied Economics Letters, Taylor and Francis Journals, vol. 3(2), pages 121-23, February. [Downloadable!] (restricted)
2. Kate Phylaktis & Manolis G Kavussanos & Gikas Manalis, 1996. "Stock prices and the flow of information in the Athens Stock Exchange," European Financial Management, Blackwell Publishing Ltd, vol. 2(1), pages 113-126. [Downloadable!] (restricted)
3. Episcopos, Athanasios, 1996. "Testing the (S,s) Model of Inventory Investment with Canadian Wholesale Trade Data," Applied Economics Letters, Taylor and Francis Journals, vol. 3(3), pages 193-95, March. [Downloadable!] (restricted)

1995

1. Episcopos, Athanasios, 1995. "Evidence on the relationship between uncertainty and irreversible investment," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(1), pages 41-52. [Downloadable!] (restricted)

1994

1. Episcopos, Athanasios, 1994. "Investment under uncertainty and the value of the firm," Economics Letters, Elsevier, vol. 45(3), pages 319-322. [Downloadable!] (restricted)

This page was last updated on 2009-12-2.