Emilios GALARIOTIS

Professeur

Directeur de l'Institut pour la Finance

Directeur du département Finance

Expertises

Behavioral finance and Market efficiency
Market microstructure
Energy finance

 

 

Curriculum vitae

HDR (Habilitation à Diriger des Recherches)
Université de Nantes

PhD Dunelm (Doctorat en Economie financière)
Durham Business School, Durham, Grande-Bretagne

MA avec distinction (monnaie, banque et finance)
Middlesex University Business School, Londres, Grande-Bretagne

BA (Hons) (Sciences politiques et études internationales)
Panteion University of Social and Political Sciences, Athens, Grèce

Dipl. (HND) (Economie des affaires)
Middlesex University Business School, Londres, Grande-Bretagne

Publications

Forthcoming

GALARIOTIS, E., GERMAIN, C., & ZOPOUNIDIS, C. A combined methodology for the concurrent evaluation of the business, financial and sports performance of football clubs: The case of France. Annals of Operations Research.

ANDREOPOULOU, Z., KOLIOUSKA, C., GALARIOTIS, E., & ZOPOUNIDIS, C. Renewable energy sources: Using PROMETHEE II for ranking websites to support market opportunities. Technological Forecasting and Social Change.

2018

GALARIOTIS, E., MAKRICHORITI, P., & SPYROU, S. (2018). The Impact of Conventional and Unconventional Monetary Policy on Expectations and Sentiment. Journal of Banking & Finance, 86, 1-20.

2017

DOUMPOS, M., ANDRIOSOPOULOS, K., GALARIOTIS, E., MAKRIDOU, G., & ZOPOUNIDIS, C. (2017). Corporate Failure Prediction in the European Energy Sector: A Multicriteria Approach and the Effect of Country Characteristics. European Journal of Operational Research, 262(1), 347-360.

ANDRIOSOPOULOS, K., GALARIOTIS, E., & SPYROU, S. (2017). Contagion, Volatility Persistence, and Volatility Spill-Overs: The Case of Energy Markets during the European Financial Crisis. Energy Economics, 66, 217-227.

ANDRIOSOPOULOS, D., GALARIOTIS, E., & SPYROU, S. (2017). Editorial IRFA. International Review of Financial Analysis, 54, 95-96.
Editorial paper for the special issue of the 2015 FEBS International conference organised by Audencia Business School

2016

GALARIOTIS, E., GUYOT, A., DOUMPOS, M., & ZOPOUNIDIS, C. (2016). A novel multi-attribute benchmarking approach for assessing the financial performance of local governments: empirical evidence from France. European Journal of Operational Research, 248(1): 301-317.

GALARIOTIS, E., MACRICHORITI, P., & SPYROU, S. (2016). Sovereign CDS Spread Determinants and Spill-Over Effects  During Financial Crisis: A Panel VAR Approach. Journal of Financial Stability, 26: 62-77.

GALARIOTIS, E., KROKIDA, S., & SPYROU, S. (2016). Herd behavior and equity market liquidity: Evidence from major marketsInternational Review of Financial Analysis, 48: 140-149.

GALARIOTIS, E., KROKIDA, S., & SPYROU, S. (2016). Bond market investor herding: Evidence from the European financial crisisInternational Review of Financial Analysis, 48: 367–375.

2015

ZOPOUNIDIS, C., GALARIOTIS, E.,  DOUMPOS, M., SARRI, S., & ANDRIOSOPOULOS, K. (2015). Multiple Criteria Decision Aiding for Financial Decisions: An Updated Bibliographic Survey. European Journal of Operational Research, 247(2): 339-348.

GALARIOTIS, E., RONG, W., & SPYROU, S. (2015). Herding on fundamental information: A comparative study. Journal of Banking and Finance, 50: 589-598.

GALARIOTIS, E., & GIOUVRIS, E. (2015). On the stock market liquidity and the business cycle: a multi country approach. International Review of Financial Analysis, 38: 44-69.

2014

DOUMPOS, M., ZOPOUNIDIS, C., & GALARIOTIS, E. (2014). Inferring robust decision models in multicriteria classification problems: An experimental analysis. European Journal of Operational Research, 236(2): 601-611.

ANTONIOU, C., GALARIOTIS, E., & READ, D. (2014). Ambiguity Aversion, Company Size and the Pricing of Earnings Forecasts. European Financial Management, 20(3): 633-651.

GALARIOTIS, E., HOLMES, P., KALLINTERAKIS, V., & MA, X. S. (2014). Market States, Expectations, Sentiment and Momentum: How Naïve are Investors? International Review of Financial Analysis, 32: 1-12.

ASSEFA, T. A., ESQUEDA, O. A., & GALARIOTIS, E. (2014). Overreaction Evidence from Large-Cap Stocks. Review of Accounting and Finance, 13(4): 310-325.

GALARIOTIS, E. (2014). Contrarian and Momentum Trading: A Review of the Literature. Review of Behavioral Finance, 6(1): 63-82.

GALARIOTIS, E., RONG, W., SPYROU, S. (2014). Trading in option contracts before large price changes: A comparative study of US and UK markets. Journal of Derivatives & Hedge Funds, 20(1): 1-9.

2013

GALARIOTIS, E. (2013). Mesdames et Messieurs, momentum performance is not so abnormal after all! Applied Economics, 45(27): 3871-3879.

2012

BADREDDINE, S., GALARIOTIS, E., & HOLMES, P. (2012). The relevance of information and trading costs in explaining momentum profits: Evidence from optioned and non-optioned stocks. Journal of International Financial Markets, Institutions & Money, 22(3): 589-608.

GALARIOTIS, E. (2012). Recent evidence on the performance and riskiness of contrarian portfolios. The European Journal of Finance, 18(7): 603-617.

GALARIOTIS, E. (2012). Momentum investing over the past twenty years in France, its persistence and the effects of the financial crisis. Bankers Markets & Investors, 118: 23-29.

2011

GALARIOTIS, E., YUSUPOV, N., VILLA, C. (2011). Recent advances in lending to the poor with asymmetric information. Journal of Development Studies, 47(9): 1371-1390.

2010

GALARIOTIS, E. (2010). What should investors know about the stability of momentum investing and its riskiness? The case of the Australian Security Exchange. Pacific-Basin Finance Journal, 18(4): 369-389.

2009

GALARIOTIS, E., & GIOUVRIS, E. (2009). Systematic liquidity and excess returns: evidence from the London Stock Exchange. Review of Accounting and Finance, 8(3), 279-307.

2008

KASSIMATIS, K., SPYROU, S. I., & GALARIOTIS, E. (2008). Short-term patterns in government bond returns following market shocks: International evidence. International Review of Financial Analysis, 17(5): 903-924

GIOUVRIS, E., & GALARIOTIS, E. (2008). Systematic liquidity and excess returns: evidence from the Athens Stock Exchange. Journal of Money, Investment and Banking 2: 81-96.

2007

GALARIOTIS, E., & GIOUVRIS, E. (2007). Liquidity commonality in the London Stock Exchange. Journal of Business Finance and Accounting 34 (1-2): 374-388

GALARIOTIS, E., HOLMES, P. & MA, X. S. (2007). Contrarian and momentum profitability revisited for the London Stock Exchange over 1964 to 2005. Journal of Multinational Financial Management 17 (5): 349-448.

SPYROU, S. I., KASSIMATIS, K., & GALARIOTIS, E. (2007). Short-term overreaction, underreaction and efficient reaction: Evidence from the London Stock Exchange. Applied Financial Economics 17 (3): 221-235

2006

ANTONIOU, A., GALARIOTIS, E., & SPYROU, S. I. (2006). Short-term contrarian strategies in the London Stock Exchange: Are they profitable? Which factors affect them? Journal of Business Finance and Accounting 33 (5-6): 839-867

ANTONIOU, A., GALARIOTIS, E., & SPYROU, S. I. (2006). The effect of time-varying risk on the profitability of contrarian investment strategies in a thinly traded market: A Kalman filter approach. Applied Financial Economics 16 (18): 1317-1329.

2005

ANTONIOU, A., GALARIOTIS, E., & SPYROU, S. I. (2005). Contrarian profits and the overreaction hypothesis: The case of the Athens Stock Exchange. European Financial Management 11 (1): 71-98

2004

GALARIOTIS, E. (2004). Sources of contrarian profits and return predictability in emerging markets. Applied Financial Economics 14 (14): 1027-1034.

2003

ANTONIOU, A., GALARIOTIS, E., & SPYROU, S. I. (2003). Profits from buying losers and selling winners in the London Stock Exchange, Journal of Business and Economics Research

Forthcoming

DOUMPOS, M., GALARIOTIS, E., NOCERA, G., & ZOPOUNIDIS, C. Multiattribute Assessment of the Financial Performance of Non-life Insurance Companies: Empirical Evidence from Europe. In B. PEREZ GLADISH, H. MASRI, & C. ZOPOUNIDIS (Eds.), Financial Decision Aid using Multiple Criteria Models: Springer.

2015

ZOPOUNIDIS, C., GALARIOTIS, E. (Eds.). (2015). Quantitative Financial Risk Management: Theory and Practice. Oxford, UK: John Wiley & Sons, Inc.

2014

GALARIOTIS, E. (2014). Contrarian trading. In K. PAUDYAL (Ed.), Wiley Encyclopedia of Management (3rd ed., Vol. 4). Oxford, UK: John Wiley & Sons, Ltd.

Nombreuses communications au sein de : 

  • Annual IAEE International Conference
  • Portsmouth-Fordham Conference on Banking and Finance
  • Paris Financial Management Conference
  • Financial Management Association (FMA)
  • Asia Financial Management Association (FMA Asia)
  • European Financial Management Association (EFMA)
  • Southwestern Finance Association (SWFA)
  • Financial Engineering and Banking Society (FEBS)
  • Multinational Finance Society (MFS)
  • European Applied Business Research (EABR)
  • Hellenic Finance and Accounting Association (HFAA)
  • Swiss Society for Financial Market Research (SGF)

Encadrement Doctoral

Maria Tselika: Behavioral Economics, Finance & Financial Vulnerability
Audencia business School and University of Nantes

Jérôme Monne: Financial Institutions and Individuals's Financial Vulnerability: a Behavioral Approach
Audencia business School and University of Nantes

Kostas Karagiannis: Behavioural finance and investment strategies
Audencia Business School and University of Nantes

George Manthoulis: Bankruptcy Prediction in the Banking Sector
Technical University of Crete

Athansasios Pliousis: An integrated approach for country level energy performance analysis
Technical University of Crete

Stylia Krokida (completed): Herding in financial markets
Athens University of Economics & Business

Panagiota Makrichoriti (completed): Sovereign CDS Spread Determinants During Financial Crises
Athens University of Economics & Business

Evi Zervoudi (completed): Portfolio Optimization for Prospect Theory Investors
Athens University of Economics & Business

Wu Rong (completed): Equity Style Investing
Durham University

Sina Badreddine (completed): Sources and Practicality of Momentum profits: evidence from the UK market
Durham University

Activités scientifiques

Revues à comité de lecture

Editeur associé de Int. Journal of Financial Engineering & Risk Management (depuis 2011)

Editeur numéros spéciaux :

  • Journal of Financial Stability 2015
  • Int. Review of Financial Analysis 2015

Membre du Comité éditorial :

  • Review of Behavioral Finance (depuis 2012)
  • Journal of Accounting & Marketing (depuis 2012)                              
  • Int. Journal of Economics & Management Sciences (depuis 2011)
  • Public and Municipal Finance (depuis 2011)
  • Journal of Computational Optimization in Economics and Finance (depuis 2011)
  • Journal of Business & Financial Affairs (depuis 2011)
  • Journal of Money, Investment and Banking (depuis 2007)

 

Reviewer régulier :

Revues à comité de lecture :

  • Journal of Financial Stability
  • Energy Economics
  • Review of Finance
  • Journal of Banking and Finance
  • Journal of Business Finance and Accounting
  • International Review of Financial Analysis
  • International Journal of the Economics of Business
  • The European Journal of Finance
  • Journal of Economic Psychology
  • International Journal of Banking, Accounting and Finance
  • International Review of Economics and Finance
  • Financial Markets, Institutions and Instruments
  • Omega
  • Review of Behavioral Finance
  • Journal of Behavioral and Experimental Finance
  • Applied Economics
  • Applied Financial Economics
  • Frontiers in Finance and Economics
  • International Journal of Financial Engineering and Risk Management
  • Journal of Computational Optimization in Economics and Finance
  • Scottish Journal of Political Economy

Comités scientifiques :

  • Financial Management Association (FMA) European Conference, 2018
  • Conference Chair: 3rd Hellenic Association for Energy Economics (HAEE), 2018, "Energy transition: European and Global Perspectives"
  • Scientific committee Chair: 1st Hellenic Association for Energy Economics (HAEE), 2017 conference on “The landscape in the new era of energy transition: challenges, investment opportunities & technological innovations". 18-20 May, Athens, Hellas.
  • Financial Management Association (FMA) European Conference, June 22 & 23, 2017, (ISEG) Lisbon School of Economics & Management, Universidade de Lisboa, Lisbon, Portugal.
  • European Financial Management Association (EFMA) International Annual Conference, June 28-July 1st, 2017, the American College of Greece, Athens, Hellas.
  • Financial Management Association (FMA) European Conference, June 10 & 11, 2016, Hanken School of Economics, Helsinki, Finland.
  • Portsmouth-Fordham Conference on Banking and Finance, September 24 & 25, 2016, University of Portsmouth, Portsmouth, UK.
  • Euro Working Group for Commodities and Financial Modelling 57st meeting, May 12-14, 2016, Faculty of Economics, University of Coimbra, Coimbra, Portugal.
  • Financial Management Association (FMA) Annual Meeting Competitive Paper Award committee in Derivatives, October 14 - 17, 2015, Hilton Bonnet Creek - Orlando, Florida, USA.
  • Financial Engineering and Banking Society (FEBS) International Conference, June 10-12, 2016, University of Malaga, Malaga, Spain.
  • Financial Engineering and Banking Society (FEBS) National Conference, December 18-19, 2015, University of Piraeus, Piraeus, Hellas.
  • European Financial Management Association (EFMA) International Annual Conference, June 24-27, 2015, Nyenrode Business University, Netherlands.
  • Financial Engineering and Banking Society (FEBS) International Conference, June 11-13, 2015, Audencia Nantes School of Management, Nantes, France.
  • European Financial Management Association (EFMA) International Annual Conference, June 25-28, 2014, Rome, Italy.
  • Financial Engineering and Banking Society (FEBS) International Conference, June 21-23, 2014, University of Surrey, Guildford, UK.
  • International conference on modelling and simulation organised by the Association for Modelling and Simulation in Enterprises (AMSE), November 7-8, 2013, Mediterranean Agronomic Institute of Chania, Chania, Crete, Hellas.
  • FEBS National Conference, December 20-21, 2013, Intercontinental Hotel, Athens, Hellas.
  • Conference on Banking, Finance, Money and Institutions: The Post Crisis Era (co organised by the University of Surrey, UK and Fordham University, USA), November 2-3, 2013, University of Surrey, Surrey, UK
  • European Financial Management Association (EFMA) International Annual Conference, June 26-29, 2013, Reading, UK.
  • International Conference on Governance “Impacts of new standards and rules on the governance of organizations”, May 2-3, 2013, AUDENCIA School of Management, Nantes, France.
  • Financial Engineering and Banking Society (FEBS) International Conference organized, June 6-8, 2013, ESCP Europe campus, Paris, France.
  • Euro Working Group on Financial Modelling (EWGFM) 51st meeting, May 16-18, 2013, ESCP Europe, London, UK.
  • FEBS National Conference, December 17-18, 2012, Athens, Hellas.
  • FEBS International Conference, June 7-8, 2012, ESCP Europe, London, UK.
  • FEBS National Conference, December 2-4, 2011, Athens, Hellas.
  • FEBS International Conference, June 10-11, 2011, in Chania, Hellas

Projets gouvernementaux et institutionnels

  • United Arab Emirates National Research Foundation (AED 200k)
  • Reviewer of Projects submitted to the Hellenic republic (Euro 600k)
  • End of award rapporteur ESRC (UK Economic & Social Research Council) (Pound 100k)
  • Discipline reviewer for the University College Cork, Ireland
  • Institution reviewer for the HQA (Hellenic Quality Assurance and Accreditation Agency)

Membre du comité de direction : Financial Engineering and Banking Society (depuis 2012)

Membre fondateur du comité de direction : Hellenic Association for Energy Economics (affiliate of the International Association for Energy Economics) (depuis 2015)

Chercheur associé international : Research Centre for Energy Management, ESCP Europe Business School, London, UK (depuis 2012)

Chercheur associé senior : Financial Engineering Laboratory, Technical University of Crete, Greece (depuis 2011)

Fondateur et Directeur : Centre for Financial and Risk Management, Audencia Business School, France (2010-2015)

Chercheur associé : Centre for Empirical Research in Finance, Durham University, UK (2000-2008)

Membre de nombreuses associations académiques : EFMA, HFAA, MFS, FEBS, IAAE etc

Projet Panorisk multi-institutions, dont Audencia Business school 2016-2020 (€1,325,000)

Distinctions

Best Paper Award: European Applied Business Research international conference 2003 for “Return Predictability & Market Microstructure” Venice, Italy, June 9 – 13

Announced as New decision makers of the west of France by the “Centre de Communication de l’Ouest” 2009

Exemplary scientist status: by the Hellenic Armed Forces

More than 65 cases of media work and coverage