Staff Catalogue


FEB 01 - Faculty of Economics and Management, 01 110
University Campus
The Pennsylvania State University Ph.D. – Business Administration (Accounting), 2000
Maastricht School of ManagementM.B.A. (Hons) - Marketing/Management, 1994
The University of HoustonBBA (Summa Cum Laude) - Accounting, 1991
Professional Certification:Certified Public Accountant, State of Texas 1995
Capital markets-based empirical research, specifically, how accounting information affects the allocation of capital within the economy. Specific interests include the valuation effects of accounting disclosures and the role of regulation and financial intermediation, in both the domestic (US) and international markets.
Charitou, A., and I. Karamanou. "Sleeping with the enemy: Should Investment banks be allowed to engage in prop trading?"  Review of Accounting Studies, forthcoming
Charitou, A., I. Karamanou and N. Lambertides. “Analysts to the rescue?” Journal of Corporate Finance,  56, 2019: 108-128.
Charitou, A., N. Floropoulos, I. Karamanou and G. Loizides.  “Non-GAAP earnings disclosures on the face of the income statement: An Empirical investigation for the UK” The International Journal of Accounting, 55, 2018: 183-202.
Charitou, A., I. Karamanou and A. Kopita. “The determinants and valuation effects of classification choice on the statement of cash flows”,  Accounting and Business Research, 48, 2018: 613-650.
Charitou, A., I. Karamanou and A. Kopita.  “Are analyst stock recommendation revisions more informative in the post-IFRS period?” Journal of Business, Finance and Accounting, 45, 2018: 115-139.
Karamanou, I., A. Kopita and L. Lemessiou.  “The role and current status of IFRS in the completion of national accounting rules: Evidence on Cyprus”. Accounting in Europe, 14, 2017: 49-55.
Charitou A., I. Karamanou and N. Lambertides, “Who are the losers of IFRS adoption in Europe? An empirical examination of the cash flow effect of increased disclosure”, Journal of Accounting, Auditing and Finance 30, 2015: 150-180.
Karamanou I., The value relevance of analyst earnings forecasts in emerging markets, Advances in Accounting Incorporating Advances in International Accounting 28, 2012.
Karamanou I., On the determinants of optimism in financial analyst earnings forecasts: The effect of the market’s ability to adjust for the bias, Abacus 47,2011: 1-26. (Best paper Award)
Karamanou, I., and G. Nishiotis, Disclosure and the cost of capital: Evidence from the market’s reaction to firm voluntary adoption of IAS”, Journal of Business, Finance and Accounting 36, 2009:793-821
Karamanou, I. and N. Vafeas. 2005. The association between corporate boards, audit committees and management earnings forecasts: An empirical analysis. Journal of Accounting Research 43: 453-486.
Irani, A. and I. Karamanou, “A study of the economic consequences of Regulation FD (Fair Disclosure)”, 2004, Research in Accounting Regulation 17: 195-212.
Irani, A. J. and I. Karamanou. 2003. Regulation Fair Disclosure, analyst following, and analyst forecast dispersion. Accounting Horizons 17: 15-29.