Biography

Prior to joining the Surrey Business School, University of Surrey, Dimitrios worked for University of Manchester (Manchester Business School). He has also worked on several private companies and government consulting projects related with electronics and telecommunications. He obtained degrees in Electrical and Electronic Engineering from Universities of Bradford and Leeds. In addition he holds an MBA from Leeds University Business School and a PhD from Manchester Business School - University of Manchester. Finally he holds a Postgraduate Certificate in Academic Practice from the University of Surrey.

Dimitrios main research interest lies in the areas of Corporate Finance and International Accounting. He specializes on Initial Public Offerings (IPOs) and he is known for his continuous research involvement on this field. Dimitrios research also address issues in Bonds Structure, Corporate Governance, Executive Compensation and Earnings Management.  His work has attracted the interest of the markets and as a result of this he was honoured with a Gong Ceremony by the Oldest Stock Exchange in the world, the NYSE – Euronext Amsterdam. Further to this distinction he was invited to deliver a speech in Amsterdam Stock Exchange on the ‘Global development of IPOs Research’.  His presentation was well attended by market makers and bankers and attracted the interest of the media as he was interviewed by the main Dutch Television Network, RTL.

Dr Gounopoulos has published extensively in highly ranked international journals including the European Financial Management, Annals of Tourism Research, International Review of Financial Analysis etc. His research has been presented on various highly rated US and European conferences including the prestigious American Accounting Association Annual Conference. Special moment has been the best paper award he received by the International Association of Maritime Economist (IAME2009). He has been invited on research seminars by several institutions, in the UK and Europe. His recognition among the UK academic society appears from the fact that he has been invited 4 times as PhD External Examiner by four different UK Institutions (overall he has examined 9 PhD Thesis). He serves as an ad-hoc referee in several academic journals and is the Associate Editor of the International Journal of Behavioral Accounting and Finance.

In collaboration with a colleague Dimitrios has received a generous Research Grant on Energy Economics by the Dutch Government. In addition he received a small grant to research the first IPO ever listed in the world (maritime company VOC was listed in 1602).  This involvement intrigued him to explore IPOs on various historical perspectives by expanding in other stock markets. This experience is valuable on his role an independent Initial Public Offerings advisor. Dr Gounopoulos is a visiting-academic in several Business Schools teaching in MBA and MSc programmes. He is an independent Initial Public Offerings advisor and has strong links with markets including London and Amsterdam Stock Exchanges. 

Gong Ceremony Video (27th of May 2011) Honoured by NYSE Euronext Amsterdam can be seen in: http://www.euronext.com/bellsceremonies/BellDetail-22517-EN.html?docid=998869&sa_campaign=Amsterdam_opening_bell

Research Interests

Finance: Initial Public Offerings (IPOs); Seasoned Equity Offerings (SEOs), Corporate Governance; Executive Compensation; Bond Issues; Emerging Capital Markets; Dividend Policy; Capital Structure;

Accounting: International Accounting Issues; Earnings Management; IFRS;

Tourism: Forecasting of Arrivals

RESEARCH STUDENT SUPERVISION COMPLETIONS

Ahmad Abdellatif (Senior Lecturer in the University of Cairo)
Corporate Governance Mechanisms and Asymmetric Information: An application to the UK Capital Market

RESEARCH STUDENT SUPERVISIONS 2010/2011
Mohammed Shabeeb:  Corporate governance and pay-for-performance (Doctoral Level, Completion Stage)

Aggeliki Samara: Application of IAS in Europe (Doctoral Level, Completion Stage)

Zhan Zhe: Corporate Governance and Earnings Management in China (Doctoral Level, 3rd Year)

Isidora Metallidou: Long term operating performance and corporate event (Doctoral Level, 2nd Year)

Antony Konstadudakis: Dividend policy and regulatory issues in U.S. (Doctoral Level, 1st Year)

- 10 Dissertations (MBA & MSc Level)

Refereeing (Academic Journals)

Annals of Tourism Research 

Applied Financial Economics

Emerging Markets, Finance and Trade

International Journal of Accounting

International Review of Financial Analysis

Multinational Finance Journal

Research in International Business and Finance

Research of Quantitative Finance and Accounting

Transportation Research: Part E

Research Collaborations

Dr Gounopoulos has strong collaboration with Vrije University of Amsterdam on projects looking Energy Efficiency. 

He is also involved in the area of Shipping Finance in collaboration with Department of Maritime Studies, University of Piraeus

Publications

(since 2008)

Gounopoulos, D., P. Molyneau, S. Staikouras, J. Wilson and G. Zhao (2012) 'Do currency markets affect the equity returns of financial institutions’, International Review of Financial Analysis, forthcoming (3* ABS)

Gounopoulos, D., D. Petmezas & D Santamaria (2012) ‘Forecasting Tourist Arrivals in Greece and the Impact of Macroeconomic Shocks from the Countries of Tourists’ Origin’, Annals of Tourism Research, Vol 39, 2, 641-666 (4* ABS)

Gounopoulos, D., C. Nounis & S Thomadakis (2012) ‘Long term performance of Greek IPOs: Evidence from Athens Stock Exchange’, European Financial Management, Vol 18, 1, pp 117-141 (3* ABS)

Gounopoulos, D., A. Merikas, A. Merika, A. Triantafyllou (2012) ‘Explaining house price changes in Greece’,  Applied Financial Economics, Vol 22, 4, pp 549-561 (2* ABS)

Gounopoulos, D. & Polemis D. ‘Prediction of distress and identification of potential M&As Targets in the UK’, Managerial Finance, forthcoming

Gounopoulos, D. (2011) ‘Association between management forecast accuracy and pricing of IPOs in Athens Stock Exchange’, Multinational Finance Journal, 15 (3/4), 235-272, (2* ABS)

Gounopoulos, D., Karli, C. & Merikas, A.(2010) ‘Market performance of U.S. Listed Shipping IPOs’, Maritime Economics and Logistics, 12 (1), 36-64

Gounopoulos, D., Nounis, C. &  Merikas, A. (2009)‘Global Shipping IPOs performance’, Maritime Policy and Management, 36 (6), 481-505

Dorsman, A. & Gounopoulos, D. (2008) ‘Controlling Working Capital in Multinational Enterprises’, Corporate Treasury Management, 2 (2), 43-57

Gounopoulos, D., Nounis, C.  & Stylianides, P. (2008) The Short and Long term performance of Initial Public Offerings in the Cyprus Stock Exchange’ with, Journal of Financial Decision Making, 4 (1), 33-51

Under Review

‘Governance Quality and Information Alignment, with (A. Abdelattif and F. Skinner) Third Round

‘Price Cap Effect in the Performance of Greek IPOs’, (with S. Thomadakis, A. Merikas and C. Nounis)

‘Regulatory change, earnings management and the long term performance of IPOs'

'Accuracy of earnings management of Global Maritime IPOs', (with W.Drobetz, A.Merikas, A. Merika)

Working Papers

‘Financial contracting and re-rating experience, the cases of whole make, clawback and other wise ordinary callable bonds’, (2012), (with L.Booth, F. Skinner)

‘Mandatory vs Voluntary Management Earning Forecasts’ (2012), (with F. Skinner)‘IPO underpricing over the long term', (2011), (with S. Thomadakis and C. Nounis)

‘Corporate Structure in Shipping Industry’ (2012) (with W. Drobetz, A. Merikas and H. Schroder)

'Dividend Policy of Maritime firms' (2012) (with W. Drobetz and A. Konstadudakis)

‘Examining the effect of corporate governance on Asymmetric Information using ISS indexes’ (2011), (with A. Abdelattif and F.Skinner)

'Management Earnings Forecasts before and after IFRS adoption: Evidence from Australian IPOs' (2011)

Book Chapters (Peer-Refereed)

1.Flipping activity in fixed offer price mechanism’, in Gregoriou, C. eds (2005), ‘Initial Public Offerings’, Elsevier publications, New York, Chapter 11, pp 187-209. Foreword by (A. Ljungqvist) – peer reviewed

2.‘Cash flow planning and working capital management’ with A.Dorsman, in Van der Meer, J., and Westerman, W. eds (2007), ‘International Management Accounting and Control’.

Conference Publications

'Management Earnings Forecasts before and after IFRS adoption: Evidence from Australian IPOs'
(1) European Accounting Association (EAA), Slovenia, Ljubljana, 2012
(2) European Financial Management (EFMA), Barcelona, Spain, 2012

‘Global Shipping freight rates and their associated derivatives’
(3) Eastern Finance Association (EFA), Savannah, Georgia, USA, 2011

‘IPO underpricing above a century period’
(4) Multinational Finance Society (MFS), Rome, Italy, 2011

'Mandatory vs Voluntary Management Earning Forecasts'
(5) American Accounting Association (AAA), San Francisco, USA, 2010

(6) European Accounting Association (EAA), Istanbul, Turkey, 2010

(7) Financial Management Association (FMA), Hamburg, Germany, 2010

(8) British Accounting and Finance Association (BAFA), Manchester, U.K., 2011

'Performance of Dutch IPOs'
(9) Multinational Finance Society (MFS), Barcelona, Spain, 2010

(10) Financial Management Association (FMA), Hamburg, Germany, 2010

'Governance Quality and Information Alignment'
(11) Multinational Finance Society (MFS), Barcelona, Spain, 2010

‘Financial Contracting and Re-rating experience, the cases of whole make, clawback and other wise ordinary callable bonds’
(12) Financial Management Association (FMA), Reno, Nevada, USA, 2009

(13) European Financial Management Association (EFMA), Milan, Italy, 2009

(14) Multinational Finance Society (MFS), Rethymnon, Greece, 2009

(15) Midwest Finance Association, Las Vegas, USA, 2010

‘Global Shipping IPOs Performance’
(16) International Association of Maritime Economists (IAME), Copenhagen, Denmark, 2009Best Paper Award

(17) Multinational Finance Society (MFS), Rethymnon, Greece, 2009

‘Performance of U.S. Listed Shipping IPOs’
(18) International Conference of Applied Business & Economics (ICABE), Kavala, Greece, 2009

‘Price Cap Effect in the Performance of Greek IPO’s’
(19) European Financial Management Association (EFMA), Athens, Greece, 2008

(20) Financial Management Association (FMA), Prague, Czech Republic, 2008

(21)Global Finance Association (GFA), Hangzhou, China, 2008

(22) Hellenic Accounting & Finance Association (HFAA), Thessaloniki, Greece, 2009

‘Long Term Performance of Greek IPOs: Evidence from Athens Stock Exchange’
(23) European Financial Management Association (EFMA), Athens, Greece, 2008

(24) Multinational Finance Society Conference (MFS), Edinburgh, UK, 2006

‘Cash Flow Planning and Working Capital Management’
(25) Multinational Finance Society (MFS), Thessaloniki, Greece, 2007

‘The Short and Long term Performance of Initial Pubic Offerings in the Cyprus Stock Exchange’
(26) European Financial Management Association (EFMA), Vienna, Austria, 2007

(27) Hellenic Accounting & Finance Association (HFAA), Thessaloniki, Greece, 2006

‘Flipping Activity in Fixed Offer Price Mechanism Allocated IPOs’
(28) European Financial Management Association (EFMA), Madrid, Spain, 2006

(29) British Accounting Association Conference (BAA), Portsmouth, UK, 2006

(30) Australasian Finance and Banking Conference (AFBC), Sydney, Australia, 2005

‘Bookbuilding vs. Fixed Offer Price Mechanism: Evidence from Athens Stock Exchange’
(31) Hawaii International Conference in Business (HICB), Waikiki, Hawaii, 2005

(32) Multinational Finance Society (MFS), Athens, Greece, 2005

(33) Global Finance Association (GFA), Ireland, Dublin, 2005

Teaching

Current
Accounting  
International Financial Reporting (MSc)

Finance
Business Finance (BSc)
Corporate Finance (BSc)

Previous
Accounting  
Accounting and Control (BSc)
Company Financial Reporting (BSc)
Financial Accounting (BSc)
Management Accounting (BSc)
Managerial Accounting (BSc)

Finance
Shipping Finance (MSc)
Risk Management (BSc)
Research Methods (MSc)
Financial Analysis (BSc)
Business Control (BSc)
Computing for Business (BSc)
Financial Management (BSc)
Investment Analysis and Portfolio Management (BSc)
Financial Derivatives (BSc)

Departmental Duties

1) Founder and Program Designer of the BSc in Accounting and Finance, launched in 2007. He has been its first leader until the graduation of the first cohort in July 2010.

2) Organiser of Research Seminars in Surrey Business School.

3) Ernst & Young Award Founder for Best BSc in Accounting and Finance Student.

4) Established and kept co-operation between CIMA and the University of Surrey.

5) He has represented University of Surrey in British Council Exhibitions and MBA Fairs around the world.

6) Personal Placement Tutor.

7) Responsible for Staff-Student Exchange Programme with Free (Vrije) University of Amsterdam and the University of Piraeus, 

8) Supervisor of PhD, MSc Projects (Postgraduate), Examiner in Doctoral Thesis.

9) Students Recruitment Advisor (Undergraduate, Postgraduate)

Affiliations

MEMBERSHIPS/FELLOWSHIPS

American Accounting Association (AAA)

British Accounting & Finance Association (BAFA)

European Accounting Association (EAA)

European Finance Association (EFA)

European Financial Management Association (EFMA)

Financial Management Association (FMA)

Hellenic Finance and Accounting Association (HFAA)

Higher Education Academy Fellow 

Midwest Finance Association (MFA)

Multinational Finance Society (MFS)

Guest Speaker

NYSE-Euronext Amsterdam (27th of May 2011). Gong Ceremony 'in honour' of the speaker followed the event.  

Research Seminars / Speaker (after invitation)

Research Seminar, University of Piraeus, Department of Economics, Piraeus, Greece

Research Seminar, Athens University of Economics and Business, Department of Accounting and Finance, Athens, Greece

Speaker, 2nd Shipping Investment & Asset Management, Piraeus, Greece

Research Seminar, Vrije University of Amsterdam, Department of Economics, Amsterdam, Netherlands

Research Seminar, University of Birmingham, Birmingham Business School, Birmingham, UK

External Examiner / External Duties

University of Nottingham, Nottingham University Business School, Nottingham, UK – External Examiner in Undergraduate Courses
University of Kingston, Kingston Business School, London, UK – External Examiner in Postgraduate Courses
University of Southampton, School of Management, Southampton, UK

PhD Examinations (Nine Times)

Three times External Examiner in PhD Theses 

1) University of Durham  - Durham Business School

2) University of Kingston - Kingston Business School

3) University of Nottingham - Nottingham University Business School

Six times Internal Examiner in PhD Theses

Editorial Boards

Dr. Gounopoulos is Associate Editor of the International Journal of Behavioural Accounting and Finance.