Dr Christos P. Mavis

Senior Lecturer in Finance and Accounting
BSc, MSc (Dunelm), PhD
60 MS 02
Mon: 13-14:00; Thu: 12-14:00; Feedback & Consultation hours are held online


Areas of specialism

Corporate Finance; Mergers and Acquisitions; Corporate Governance

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

    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 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


    Postgraduate research supervision

    My teaching

    Courses I teach on

    Postgraduate taught

    Postgraduate research

    My publications


    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.