Dr Christos P. Mavis
Biography
Christos is a Senior Lecturer (Associate Professor) of Finance and has been in the Surrey Business School since 2012. He graduated from the National Kapodistrian University of Athens with a BSc degree in Economics and holds an MSc degree from Durham Business School in the field of Corporate and International Finance. He completed his 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. Christos is also the Programme Director of the MSc in International Corporate Finance and a Fellow of the Higher Education Academy.
His main research interests lie in merger waves, CEO turnovers, CEO overconfidence, asset sales, and CEO acquisitiveness and their impact on shareholder value creation. His research is presented every year in North American and European Conferences and his most current work was published in the Journal of Corporate Finance. Christos currently teaches 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; CEO Overconfidence; 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 (completed)
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
A New Method for Measuring CEO Overconfidence: Evidence from Acquisitions
International Review of Financial Analysis, forthcoming
This study proposes a new direct method of measuring managerial overconfidence using an acquisition setting. CEOs with significantly higher synergies forecast error (SFE), measured as the deviation between acquisition forecasted operating synergies and actual realized operating synergies, are more likely to exhibit traits of overconfidence. In support of this view, we find that synergies forecast error is positively related to takeover premium and negatively related to acquirer returns. Additionally, validation tests confirm that high SFE firms conduct more diversifying acquisitions. Reflecting, as well, the ex-ante power of the overconfidence measure in other settings, high SFE firms have a positive relation with capital expenditures, leverage, and innovation, and negative relation with equity issues.