Selected Recent Journal Articles.
While Associate Profesor
Credit Line Pricing under Heterogeneous Risk Beliefs. International Journal of Production Economics, 2022 (with Nicos Koussis).
Estimating Corporate Bankruptcy Forecasting Models by Maximizing Discriminatory Power. Review of Quantitative Finance and Accounting, 2022 (with Chris Charalambous and Zenon Taoushianis).
Bank Distress in the European Union 2008-2015: A Closer Look at Capital, Size and Revenue Diversificatio. International Journal of Finance & Economics, 2021 (with Stelios Markoulis and Panagiotis Ioannou).
Predicting Corporate Bankruptcy using the Leland and Toft Framework: Evidence from the US. Quantitative Finance 20, 329-346, 2020 (with Chris Charalambous and Zenon Taoushianis).
Corporate Liquidity and Dividend Policy under Uncertainty. Journal of Banking and Finance 75, 200-214, 2017 (with Nicos Koussis and Lenos Trigeorgis).
Assessing the Performance of Symmetric and Asymmetric Implied Volatility Functions (2014). Review of Quantitative Finance and Accounting 42, 373-397 (with Chris Charalambous and Panayiotis Andreou).
Multi-Stage Product Development with Exploration, Value-Enhancing, Pre-Emptive and Innovation Options (2013). Journal of Banking and Finance 37, 174-190 (with Nicos Koussis and Lenos Trigeorgis).
Real Option Games with Incomplete Information and Spillovers (2013). OMEGA - The International Journal of Management Science 41, 236-249 (with Eleftherios Zacharias).
Investment and Financing Options with Capital Constraints (2012). European Journal of Finance 18, 619-637 (with Nicos Koussis).
Generalized Parameter Functions for Option Pricing. Journal of Banking and Finance 34, 633-646, 2010(with Panayiotis Andreou and Chris Charalambous).
Real R&D Options with Incomplete Information and Optimal Activation of Two-dimensional Random Controls. Journal of the Operational Research Society 60, 843-858, 2009.
While Assist. Professor and earlier
Real R&D Options and Optimal Activation of Two-dimensional Random Controls. Journal of the Operational Research Society, 60, 843-858, 2009.
Implied Non-recombining Trees and Calibration for the Volatility Smile. Quantitative Finance 7, 459-472, 2007 (with Chris Charalambous, Nikos Christofides, and Eleni Constandinide). Reprinted in “Quantitative Fund Management”, editors Dempster, Pflug and Mitra, Taylor & Francis, ch. 20, 425-450, 2008.
Pricing and Trading European Options by Combining Artificial Neural Networks and Parametric Models with Implied Parameters. European Journal of Operational Research 185, 1415-1433, 2008 (with Panayiotis Andreou and Chris Charalambous).
Real R&D Options with Time-to-Learn and Learning-by-doing. Annals of Operations Research 151, 29-55, 2007, (with Nicos Koussis and Lenos Trigeorgis).
Hybrid Artificial Neural Networks for Efficient Valuation of Real Options and Financial Derivatives. Computational Management Science 2, 155-161, 2005, (with Chris Charalambous).
Contingent Claims on Foreign Assets Following Jump-diffusion Processes. Review of Derivatives Research 6, 27-46, 2003. The paper was included in the free promotion issue of the journal (2003).
Real (Investment) Options with Multiple Sources of Rare Events. European Journal of Operational Research 136, 696-706, 2002 (with L. Trigeorgis).
Hysteresis Models of Investment with Exchange Rate and Exercise Price Risk. Review of Quantitative Finance and Accounting 16, 251-267, 2001.
The Option on n Assets with Exchange Rate and Exercise Price Risk. Journal of Multinational Financial Management 11, 1-15, 2001.
Real Options with Random Controls and the Value of Learning. Annals of Operations Research 99, 305-323, 2000.
The Survival Zone for a Bond with both a Call and Put Options Embedded. Journal of Financial Research XXI, 419-430, Winter 1998 (with Τ. Barnhill).
Optimal Timing of Transmission Line Investments in the Face of Demand Uncertainty - An Option Valuation Approach. Energy Economics 8, 3-10, 1992, (with W. Teplitz-Sembitzky).
Monographs
Decision Making under Uncertainty – An Option Valuation Approach to Power Planning. PRE Energy Series Paper 39, The World Bank, 1991, (with Enrique Crousillat).
In Edited Books
Real Options with Random Controls, Rare Events, and Risk-to-Ruin (2007). In Optimization, Econometric and Financial Analysis. Springer – Advances on Computational Management Science Series, Vol. 9 (with Nicos Koussis and Lenos Trigeorgis).
Real R&D Options with Endogenous and Exogenous Learning. In Dean Paxson (ed.) Real R&D Options, Butterworth-Heinemann (Quantitative Finance Series), Oxford, 111-129, 2003.