Dr Christos P. Mavis
Biography
I am a Senior Lecturer (Associate Professor) of Finance and have been in the Surrey Business School since 2012. I graduated from the National Kapodistrian University of Athens with a BSc degree in Economics and hold an MSc degree from Durham Business School in the field of Corporate and International Finance. I completed my PhD in the area of Corporate Finance and, more specifically, in Mergers and Acquisitions (M&As) at the ICMA Centre in the University of Reading. I am also the Programme Director of the MSc in International Corporate Finance and a Fellow of the Higher Education Academy.
My main research interests lie in merger waves, CEO turnovers, asset sales, and CEO acquisitiveness and their impact on shareholder value creation. My research is presented every year in North American and European Conferences and my most current work was published in the Journal of Corporate Finance. I currently teach finance related modules in the PhD, MSc, and BSc programmes.
Areas of specialism
University roles and responsibilities
- Programme Director of MSc in International Corporate Finance, 2016 - Present
- Internal Examiner of PhD Theses, 2013 - Present
- Task force member of the University of Surrey Business and Economics Experiment (USBEE), 2017 - Present
- Supervisor of MSc students, 2012 - Present
- Personal Placement Tutor, 2012 - Present
- Personal Academic Tutor, 2012 - Present
Previous roles
News
In the media
Research
Research interests
Mergers and Acquisitions; Merger Waves; CEO Turnovers; Corporate Governance; Asset Sales
Indicators of esteem
Referee for the Journal of Corporate Finance
Referee for European Financial Management
Referee for Corporate Governance: An International Review
Referee for European Journal of Finance
Referee for International Journal of the Economics of Business
Referee for International Journal of Banking, Accounting and Finance
Referee for International Review of Financial Analysis
Invited Presentations
Indian Institute of Management Ahmedabad (IIMA), Gujarat, India, 2020
Management School, University of Liverpool, Liverpool, UK, 2019
Indian Institute of Management Ahmedabad (IIMA), Gujarat, India, 2019
School of Business, Management, and Economics, University of Sussex, Sussex, UK, 2017
ICMA Centre, University of Reading, Reading, UK, 2017
Strathclyde Business School, University of Strathclyde, Glasgow, UK, 2016
Adam Smith Business School, University of Glasgow, Glasgow, UK, 2014
External Examiner
- University of Hertfordshire, Hertfordshire, UK - BA (Hons) Finance, Accounting, 2015 - Present
Supervision
Postgraduate research supervision
PhD Students
Tung Duy Nguyen (Viva exp May 2021)
Soheila Malekpour (completed)
Tianjiao Yuan: University of Reading (completed)
Nathan McNamee: University of Surrey (completed)
PGR Summer School Tutor, 2013 - 2015
My teaching
Current modules
- Corporate Finance (MSc)
- Finance (PhD, contributor)
- Topics in Finance (BSc)
Previous modules
- Portfolio Management (MSc)
- Corporate Finance (BSc)
- Microeconomics (BSc)
Teaching Awards
- 2013-14 Annual Award for Teaching Excellence in Finance and Accounting
- 2012-13 Top 20 Teachers in the Faculty of Business, Economics, and Law
- 2012-13 Annual Award for Teaching Excellence in Finance and Accounting
Students' Evaluation 2019-20
4.2/5.0 in Corporate Finance
Courses I teach on
Postgraduate taught
Postgraduate research
My publications
Highlights
To view the full list of my publications and working papers please see the links below:
Most recent
Selling to Buy: Asset Sales and Acquisitions
Journal of Corporate Finance, Vol. 62, pp. 1-17, 2020
This study explores the impact of joint corporate asset restructuring decisions where firms sell an asset in order to fund a subsequent acquisition (selling-to-buy). We find that firms with asset sales are associated with increased acquisition probability. The effect is more pronounced for financially constrained firms. We also show that, in addition to the established improved firm efficiency from focus-increasing asset sales, financially constrained firms obtain the necessary funds to conduct focus-increasing acquisitions, improving further their efficiency. This translates into both higher long-run operating performance and stock abnormal returns at the asset sale announcement.