Dr Christos P. Mavis

Senior Lecturer in Finance and Accounting
BSc, MSc (Dunelm), PhD
60 MS 02
Mondays: 09-11:00; Wednesdays: 11-13:00; Office hours by appointment only

Academic and research departments

Department of Finance and Accounting, Surrey Business School.


Areas of specialism

Corporate Finance; Mergers and Acquisitions; Corporate Governance

University roles and responsibilities

  • Programme Director of MSc in 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

Programme Director of MSc in International Financial Management, 2015 - 2017
Department Website Coordinator, 2012 - 2015
PGR Summer School Tutor, 2013 - 2015


Research interests

Indicators of esteem

  • 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

My teaching

Courses I teach on

Postgraduate taught

Postgraduate research

Management and Business PhD


Postgraduate research supervision

My publications


To view the full list of my publications and working papers please see the links below:


Most recent

Does Firing a CEO Pay Off?

Financial Management, Vol. 48 (1), pp. 3-43, 2019

We examine whether involuntary chief executive officer (CEO) replacements pay off by improving firm prospects. We find CEO successors’ acquisition investments to be associated with significantly higher shareholder gains relative to their predecessors and the average CEO. This improvement in postturnover acquisition performance appears to be a function of board independence, hedge fund ownership, and the new CEO's relative experience. CEO successors also create sizable shareholder value by reversing prior investments through asset disposals and discontinuing operations and by employing more efficient investment strategies. Our evidence suggests that firing a CEO pays off.