Konstantinos is a corporate governance expert. He joined the accounting and finance division at MBS as an assistant professor back in 2004. He was promoted to the associate professor rank in 2013 and assumed his current role in 2015.
Konstantinos’ research reflects a longstanding interest in the areas of corporate finance and market-based accounting. His main research interests lie in corporate governance and in particular executive compensation. They seek an understanding of how suboptimal governance practices destroy shareholder wealth and lead to crises in the markets, similar to the ones we have observed over the last 20 years. He has published a number of papers in world leading and international journals, including the Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Corporate Governance: An International Review, Journal of International Money and Finance, European Accounting Review, among others.
Konstantinos is a member of the editorial review board of Corporate Governance: An International Review. Previously, he served on the editorial board of the British Journal of Management during 2007-2014. He acts as an ad hoc reviewer for more than ten academic journals, including Abacus; British Accounting Review; Corporate Governance: An International Review; Journal of Business Ethics; Journal of Business, Finance and Accounting; Journal of Banking and Finance.
For more details on his profile please see his CV.
The two important financial crises of this century have highlighted the need for corporate governance reform at the market and firm level. A common theme in both the 2000 and 2007 turmoil in the capital markets was the existence of widespread practices that created the “wrong” incentives to market participants, e.g., managers, analysts, etc. Konstantinos' research interests focus on corporate governance practices. He is particularly interested in agency problems, contracting issues and inefficiencies in the managerial labour market. Some of the research topics he studies are:
- The impact of managerial conservatism on risk taking.
- The impact of accounting standards, e.g., IFRS, on optimal contracting.
- The importance of corporate governance for institutional investors.
- The impact of stakeholders, e.g., employees, on firm decision making.
- The existence and impact of social networks in the managerial labour market.
Please visit his SSRN page for more information on working papers and published work.
Current PhD students
He currently supervises two PhD candidates:
- Nikos Tsileponis (third year full-time, co-supervision with Prof. Martin Walker)
- Xianglong Chen (first year full-tme, co-supervision with Prof. Edward Lee)
Previous PhD students
In the past, he has supervised the following students: Mohamed Ghaly (completed 2015), Nida Abdioglu (completed 2012), Georgios Voulgaris (completed 2011) and Colette Grey (completed 2010).
Prospective PhD students
He welcomes applications from prospective PhD students interested in conducting research in the areas of agency relations and problems, corporate governance and executive pay. In addition, students should demonstrate clear motivation for postgraduate research, have a strong background in quantitative analysis and be familiar with econometric software. Preference will be given to candidates that already have some research experience.
He is the divisional coordinator for the A&F MSc programmes.
Grants and Awards
He has received grants and awards from the following organisations: Association of Chartered Certified Accountants (ACCA), Eastern Finance Association (EFA), North Atlantic Treaty Organization (NATO), Economic and Social Research Council (ESRC), Worldwide Universities Network (WUN), Graduate School of Social Sciences and Law (GSOSS) - University of Manchester, Alpha Bank.