Photo of Professor Chris Florakis

Professor Chris Florakis PhD, MSc, BSc (Hons)

Professor of Finance Finance and Accounting

    Publications

    Selected Publications

    1. CEO compensation and future shareholder returns: Evidence from the London Stock Exchange (Journal article - 2014)
    2. Stock market liquidity and macro-liquidity shocks: Evidence from the 2007–2009 financial crisis (Journal article - 2014)
    3. Boards of Directors and Financial Risk during the Credit Crisis (Journal article - 2013)
    4. Do Stock Returns Really Decrease with Default Risk? New International Evidence (Journal article - 2018)

    2021

    Can CFOs Resist Undue Pressure from CEOs to Manage Earnings? (Journal article)

    Sainani, S., & Florakis, C. (n.d.). Can CFOs Resist Undue Pressure from CEOs to Manage Earnings?. Journal of Corporate Finance. doi:10.1016/j.jcorpfin.2020.101859

    DOI: 10.1016/j.jcorpfin.2020.101859

    2020

    Idiosyncratic risk, risk-taking incentives and the relation between managerial ownership and firm value (Journal article)

    Florakis, C., Kanas, A., Kostakis, A., & Sainani, S. (2020). Idiosyncratic risk, risk-taking incentives and the relation between managerial ownership and firm value. European Journal of Operational Research, 283(2), 748-766. doi:10.1016/j.ejor.2019.11.027

    DOI: 10.1016/j.ejor.2019.11.027

    2018

    How do chief financial officers influence corporate cash policies? (Journal article)

    Florackis, C., & Sainani, S. (2018). How do chief financial officers influence corporate cash policies?. JOURNAL OF CORPORATE FINANCE, 52, 168-191. doi:10.1016/j.jcorpfin.2018.08.001

    DOI: 10.1016/j.jcorpfin.2018.08.001

    Do Stock Returns Really Decrease with Default Risk? New International Evidence (Journal article)

    Aretz, K., Florakis, C., & Kostakis, A. (2018). Do Stock Returns Really Decrease with Default Risk? New International Evidence. Management Science, forthcoming, 64(8), 3469-3970. doi:10.1287/mnsc.2016.2712

    DOI: 10.1287/mnsc.2016.2712

    Monetary policy shocks and financially constrained stock returns: The effects of the financial crisis (Journal article)

    Balafas, N., Florackis, C., & Kostakis, A. (2018). Monetary policy shocks and financially constrained stock returns: The effects of the financial crisis. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 58, 69-90. doi:10.1016/j.irfa.2018.05.001

    DOI: 10.1016/j.irfa.2018.05.001

    2017

    Liquidity Shocks and Real GDP Growth: Evidence from a Bayesian Time-varying Parameter VAR (Journal article)

    Ellington, M. T., Milas., & Florakis. (2017). Liquidity Shocks and Real GDP Growth: Evidence from a Bayesian Time-varying Parameter VAR. Journal of International Money and Finance, 72, 93-117. doi:10.1016/j.jimonfin.2016.12.002

    DOI: 10.1016/j.jimonfin.2016.12.002

    2016

    Disappointment aversion and the equity premium puzzle: new international evidence (Journal article)

    Xie, Y., Florakis, C., & Pantelous, T. (2014). Disappointment aversion and the equity premium puzzle: new international evidence. The European Journal of Finance, 22(12), 1189-1203. doi:10.1080/1351847X.2014.946529

    DOI: 10.1080/1351847x.2014.946529

    Advancing the Corporate Governance Research Agenda (Journal article)

    Aguilera, R., Florackis, C., & Kim, H. (2016). Advancing the Corporate Governance Research Agenda. Corporate Governance: An International Review, 24(3), 172-180. doi:10.1111/corg.12167

    DOI: 10.1111/corg.12167

    2015

    Dividend Policy, Managerial Ownership and Debt Financing: A Non-Parametric Perspective (Journal article)

    Florakis, C., Kanas, A., & Kostakis, A. (2015). Dividend Policy, Managerial Ownership and Debt Financing: A Non-Parametric Perspective. European Journal of Operational Research, 241(3), 783-795. doi:10.1016/j.ejor.2014.08.031

    DOI: 10.1016/j.ejor.2014.08.031

    2014

    Financial flexibility, corporate investment and performance: evidence from financial crises (Journal article)

    Arslan-Ayaydin, Ö., Florackis, C., & Ozkan, A. (2014). Financial flexibility, corporate investment and performance: evidence from financial crises. Review of Quantitative Finance and Accounting, 42(2), 211-250. doi:10.1007/s11156-012-0340-x

    DOI: 10.1007/s11156-012-0340-x

    CEO compensation and future shareholder returns: Evidence from the London Stock Exchange (Journal article)

    Balafas, N., & Florackis, C. (2014). CEO compensation and future shareholder returns: Evidence from the London Stock Exchange. Journal of Empirical Finance, 27, 97-115. doi:10.1016/j.jempfin.2013.10.011

    DOI: 10.1016/j.jempfin.2013.10.011

    On Stock Market Illiquidity and Real-Time GDP Growth (Journal article)

    Florackis, C., Giorgioni, G., Kostakis, A., & Milas, C. (2014). On Stock Market Illiquidity and Real-Time GDP Growth. Journal of International Money and Finance, 44, 210-229. doi:10.1016/j.jimonfin.2014.02.006

    DOI: 10.1016/j.jimonfin.2014.02.006

    Stock market liquidity and macro-liquidity shocks: Evidence from the 2007–2009 financial crisis (Journal article)

    Florakis, C., Kontonikas, A., & Kostakis, A. (2014). Stock market liquidity and macro-liquidity shocks: Evidence from the 2007–2009 financial crisis. Journal of International Money and Finance, 44, 97-117. doi:10.1016/j.jimonfin.2014.02.002

    DOI: 10.1016/j.jimonfin.2014.02.002

    2013

    Boards of Directors and Financial Risk during the Credit Crisis (Journal article)

    McNulty, T., Florackis, C., & Ormrod, P. (2013). Boards of Directors and Financial Risk during the Credit Crisis. Corporate Governance: An International Review, 21(1), 58-78. doi:10.1111/corg.12007

    DOI: 10.1111/corg.12007

    2012

    Corporate Governance and Risk: A Study of Board Structure and Process (Journal article)

    McNulty, T., Florackis, C., & Ormrod, P. (2012). Corporate Governance and Risk: A Study of Board Structure and Process. Unknown Journal, ACCA R(1-33).

    2011

    Trading frequency and asset pricing on the London Stock Exchange: Evidence from a new price impact ratio (Journal article)

    Florackis, C., Gregoriou, A., & Kostakis, A. (2011). Trading frequency and asset pricing on the London Stock Exchange: Evidence from a new price impact ratio. Journal of Banking & Finance, 35(12), 3335-3350. doi:10.1016/j.jbankfin.2011.05.014

    DOI: 10.1016/j.jbankfin.2011.05.014

    2009

    Managerial ownership and performance (Journal article)

    Florackis, C., Kostakis, A., & Ozkan, A. (2009). Managerial ownership and performance. Journal of Business Research, 62(12), 1350-1357. doi:10.1016/j.jbusres.2008.12.001

    DOI: 10.1016/j.jbusres.2008.12.001

    Managerial incentives and corporate leverage: evidence from the United Kingdom (Journal article)

    Florackis, C., & Ozkan, A. (2009). Managerial incentives and corporate leverage: evidence from the United Kingdom. Accounting & Finance, 49(3), 531-553. doi:10.1111/j.1467-629x.2009.00296.x

    DOI: 10.1111/j.1467-629x.2009.00296.x

    The Impact of Managerial Entrenchment on Agency Costs: An Empirical Investigation Using UK Panel Data (Journal article)

    Florackis, C., & Ozkan, A. (2009). The Impact of Managerial Entrenchment on Agency Costs: An Empirical Investigation Using UK Panel Data. European Financial Management, 15(3), 497-528. doi:10.1111/j.1468-036x.2007.00418.x

    DOI: 10.1111/j.1468-036x.2007.00418.x