Emilios Galariotis PhD Dunelm, HDR.
Brief Bio
I sit on the Management Board of the Independent Authority for Public Revenue of the Hellenic Republic since 2022. I am also a member of the boards of directors of academic associations such as the Financial Engineering and Banking Society, where I am Assistant General Secretary; the Hellenic Association for Energy Economics, and the leading global francophone association, the French Finance Association (Affi) where I have also served in the past as VP and President.
I have served in various positions in the Academia. As an administrator I have had the following key responsibilities: Associate Dean for Research, Director of Research Laboratory; Institute Director; Research Centre Director; Research Axis Head; Masters’ Programmes Director, and Head of Department. In terms of broader service, I have experience as Associate Editor and Editorial Board Member for several Journals and have acted as a rapporteur and reviewer for funding applications, organisations, journals, conferences etc. As an Academic, I have achieved the rank of a full Professor of Finance and have served full time at Audencia Business School (2008-2023), and before that at Durham University (2002-2008 and earlier as part time), while I have held several visiting positions.
As a researcher, I am Senior Research Fellow at the Financial Engineering Laboratory of the Technical University of Crete (2013-date); and an Economic Researcher at the Hellenic Association for Energy Economics (2023-date). My research is mainly on behavioral issues and efficiency applied to different areas (local governments, the economy, finance, banking, sports, energy, and decision making), as well as on social and green finance issues.
IMPACT
IMPACT ON SOCIETY & BUSINESS
Board of Directors: I sit on the management board of the Independent Authority for Public Revenue of the Hellenic Republic (IAPR). A 63 billion Euro organisation with 12000 employees. "The mission of IAPR is to safeguard public revenue, by promoting tax compliance and combating tax evasion and smuggling, while providing high quality services to citizens and businesses" (IAPR website). The role involves approving and monitoring the execution of the Budget of 500 million Euros p.a., approving and overseeing the Annual Strategic Plan, providing advice upon the HR formulations, approving procurements over 200.000 Euros and nominating the candidate for the Governor of the Organization.
Press: I have had more than 190 articles in professional and mainstream press that I wrote or that are about me and my work (mainly Greek see for example Oikonomikos Taxydromos but including The Times newspaper; Kommersant; but also taking the example of sports and financial efficiency see: Les Echos; Le Figaro, étudiant; BFM Business, yahoo.com that reproduced an article from Challenges etc.). Details provided on full CV.
Public Funding: I have successfully led for my institution (as part of larger outside-led consortia), public research bids with an aim to resolve issues pertinent to Business and Society, such as water safety for example, and of above a million Euro per bid:
IMPACT ON ACADEMIA
FULL TIME ACADEMIC POSITIONS
Professor, Audencia Business School (EQUIS, AMBA, AACSB), France. 2010-2023
Associate Professor, Audencia Business School (EQUIS, AMBA, AACSB), France. 2008-2010
Senior Lecturer, Durham University Business School (EQUIS, AMBA, AACSB), UK. 2007-2008
Lecturer, Dept. of Econ. & Finance, Durham University; UK. 2002-2007
Tutor, as above. UK. 2000-2002
KEY MANAGERIAL POSITIONS
Associate Dean for Research. 2020-2023; and
Director of Research Laboratory. 2018-2020.
During the above two positions I designed paperless and transparent processes; reduced research activity footprint; initiated public funding and other support and designed renumeration and evaluation policies aligned with the school’s aspirations and taking onboard accreditation and other stakeholders; feedback, represent the school’s research to all major accreditation and evaluations.
Results (exact figures in detailed cv):
The per faculty-member new public research funding income in 2018-2023Q3 more than trebled compared to 2012-2017 increasing by an additional 219%, while total research funding in 2018-2023Q3 more than quadrupled from 2012-2017 increasing by an additional 323%.
The per faculty-member productivity in listed journal publications more than trebled, increasing by an additional 233%, while total research output more than doubled in quantity, increasing by an additional 120%, and more than quadrupled in quality with total listed articles increasing by an additional 362%, while the output per department was progressively balanced.
Director - the institute of Finance. 2016-2018;
Head of Department. 2015-2018;
Head of Research Axis. 2012-2016; and
Director of Research Centre. 2010-2016
During the above positions starting for 2010, I tried to enhance research culture in my area and at school level given my participation in the research and academic committees. Some examples: I successfully initiated a research seminar series; created a group of high standing visiting professors; helped recruit research-oriented faculty. I successfully proposed: research Thursdays (half days dedicated to research that were adapted School wide); the adoption of the ABS list to align our practices with our strategy for internationalisation; the adoption of DataStream database and initiated the demand for online Journal Access; circulated funding and research opportunities, organised and supported the organisation of events and visits, bringing in as much as I could my networks and those of colleagues, to enhance the academic dialogue and networking.
The faculty in the broad area of finance not only became international, but also more visible, with a very strong research culture and contribution in teaching and research at school wide level. For example, it attracted a relatively large percentage the flagship programme students, had school wide initiatives but also produced most and in some years all of high-level outputs of the school.
Director of masters programmes. 2003-2008
I revamped all existing programmes and created new ones and a spinoff; achieved FT-Listing; CFA partnership and ESRC accreditation; grew student numbers by more than 6 times while maintaining student quality; as a result offered very large net profits to the School; created processes; offered faculty and student trainings, trading simulations and support, a parallel programme of practitioner inputs, awards etc. that improved student experience and results.
RESEARCH IMPACT
My research is mainly on efficiency, applied to investments; funds and portfolio management; financial and banking markets; energy and energy markets; local governments, sports, different industries etc. A large part of it involves behavioral finance themes and social finance.
Researcher positions
Senior Research Fellow, Financial Engineering Laboratory - Technical University of Crete, Greece 2013-date
Economic Researcher, Hellenic Association for Energy Economics, Athens Greece 2023-date
Research visiting positions
National and Kapodistrian University of Athens, Ports Management and Shipping Department 2023-date
ESCP-EUROPE, Energy Management Centre, Paris France, 2013-2021
EADA , Barcelona, Spain, 2009-2022
HAU, Athens Greece, 2007-date
CUFE, Beijing, 2007-2008
Citations: >2554, h-index: 28, i10-index: 50. See: Google Scholar,
Conferences: I have participated in more than 90 conferences, while I have chaired 14 conferences, and 3 scientific committees and participated in the committees of more than 40 conferences.
Refereed Journal Articles: I have published 79 refereed Articles, of which: 20 are Category 1 CNRS(up to 2023)/FNEGE or 4star ABS or ABDC A* or FT-50; 42 are Category 2 CNRS(up to 2023)/FNEGE or 3star ABS of A ABDC; 9 are Category 3 CNRS/FNEGE or 2star ABS or B ABDC; 04 are Category 4 CNRS(up to 2023)/FNEGE or 1star ABS or C ABDC; and 04 are in professional and/or unlisted Journals. Below are some selected outputs (for all article outputs see research page, or ask for full CV see footer).
Selected outputs:
Galariotis, Ε., Miffre, J., and B. Sévi, (2024) “Editorial for the special issue of the journal of banking & finance on asset pricing and factor investing”, Journal of Banking & Finance, 162, May 2024, 107166, https://doi.org/10.1016/j.jbankfin.2024.107166. IF: 3.539
Galariotis, E., Louca, C, Petmezas, D., and Wang, S., (2023) “CEO Overconfidence and Inside Debt, British Journal of Management, Vol. 34, Issue 3, pp. 1606-1631, IF: 7.450
Basnet, A., Blomkvist, M., and Galariotis, E., (2022) “The Role of ESG in the Decision to Stay or Leave the Market of an Invading Country: The Case of Russia” Economics Letters 216, 110636, https://doi.org/10.1016/j.econlet.2022.110636 IF: 2.0
Pasiouras, F., Bouri, E, Roubaud, D., Galariotis. E., (2021) “Culture and multiple firm-bank relationships: a matter of secrecy and trust?” Journal of Business Ethics, 174, pp. 221–249; IF: 6.331.
Delis, M., Galariotis E., Monne, J., (2021) “Economic condition and financial cognition” Journal of Banking and Finance. 123, February 2021, 106035. IF: 3.539
Manthoulis, G., Doumpos, M., Zopounidis, C., Galariotis, E., (2020) “Developing a predictive model for US bank failures: An empirical analysis using machine learning approaches”, European Journal of Operational Research. 282 (2), pp. 786-801 IF: 6.363.
Galariotis E., Kalaitzoglou I., Kosmidou, K., Papaefthimiou, S., and S.I. Spyrou (2019) “Could Market Making be Profitable in The European Carbon Market?” The Energy Journal. 40 (SI1), 5-28 IF: 3.494. IF: 2.414
Galariotis E., Makrichoriti, P., Spyrou, S., (2018) “The Impact of Conventional and Unconventional Monetary Policy on Expectations and Sentiment. Journal of Banking and Finance 86, pp. 1-20. Lead Article. IF: 3.539.
Doumpos M., Andriosopoulos K., Galariotis E., Makridou G., and Zopounidis, K., (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), pp. 347-360. IF: 6.4. 4-star CABS.
Galariotis E., Guyot, A., Doumpos, M. and 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, pp. 301-317. IF: 6.363.
Galariotis E.C., Rong, W. and Spyrou S.I. (2015) "Herding on fundamental information: A comparative study", Journal of Banking and Finance, 50, pp. 589-598. IF: 3.539.
Antoniou C., Galariotis E.C., and Read D. (2014) "Ambiguity Aversion, Company Size and the Pricing of Earnings Forecasts", European Financial Management, 20, pp. 633-651. IF: 2.295.
Galariotis E.C. (2013) "Mesdames et Messieurs, momentum performance is not so abnormal after all!" Applied Economics, 45, p. 3871-3879. IF: 1.916.
Galariotis E.C. (2012) "Recent evidence on the performance and riskiness of contrarian portfolios", European Journal of Finance, 18, pp. 603-617. Lead Article. IF: 1.903.
Galariotis E.C., Yusupov, N., and C. Villa, (2011) "Recent advances in lending to the poor with asymmetric information", Journal of Development Studies, 47, pp. 1371-1390. IF: 2.519.
BoD: I sit on the board of Directors of the following Scientific Associations:
Editorial Boards: I serve on the committees of various journals including
Assessor: I have been invited to review research and research funding applications for governments, institutions and organisations
ESRC UK
UAE National Research Foundation
The Hellenic Republic
University College Cork, Ireland, etc.
PhD supervisor: 13 completed and 2 ongoing PhD supervisions
PEDAGOGIC IMPACT
Books: 4 (see here)
Book Chapters: 13
Creation of pedagogic material: I have created and led numerous programmes and courses
Teaching:
I have taught 14 different courses at BA(HONS), MA, MSc, MBA, Exec. ED, DBA and PhD Level.
I have received excellent feedbacks from students with several commenting that I am the best professor they ever had anywhere in their studies or at the school, and feedback scores that range from 9.38/10 to 9.88/10 in EADA; while the at Audencia up to 2022, scores ranged from 9.11/10 to 9.85/10; 4.2/5 to 4.9/5 for lecturing at Durham, for example 4.6/5 in managing finance in Exec. Ed. and 4.9/5 in the MBA key skills etc. Here are the courses:
Portfolio Management
Behavioural Finance
Advanced Financial Theory
Advanced Financial Theory and Corporate Policy
Security Investment Analysis
Research Methods
Dissertation
Managing Finance
Key Skills
Empirical Finance
Introduction to Financial Econometrics
Economic Data Analysis
Data Analysis for Finance
Quantitative Methods
Teaching visiting positions
National and Kapodistrian University of Athens, Ports Management and Shipping Department, 2023-date
ESCP-EUROPE, Paris France, 2014-date
EADA , Barcelona, Spain, 2009-2022
HAU, Athens Greece, 2007-date
Supervisions: more than 120 internship and theses supervisions at BSc, MSc, MBA, MA level
DL Tutoring: SOAS University of LONDON
College Tutoring: St. Aidans and Ustinov College
External Examiner: UG (Notitngham Trend University) PG (University of Greenwich London; and University of Dublin, Trinity College, Dublin).
Programme Study Expert: Russell Group (Leeds University; Durham and FUDAN University)
Summer School Organisation: EURO PhD Summer School on MCDA/MCDM