Financial literacy for financial resilience: Evidence from Cyprus during the pandemic period
(2023)
Journal Article
Andreou, P., Anyfantaki, S., & Atkinson, A. (2023). Financial literacy for financial resilience: Evidence from Cyprus during the pandemic period. Cyprus economic policy review, 17(1), 27-54
Extremal quantiles and stock price crashes (2023)
Journal Article
Andreou, P., Anyfantaki, S., Maasoumi, E., & Sala, C. (2023). Extremal quantiles and stock price crashes. Econometric Reviews, https://doi.org/10.1080/07474938.2023.2241223We employ extreme value theory to identify stock price crashes, featuring low-probability events that produce large, idiosyncratic negative outliers in the conditional distribution. Traditional methods employ approximations under Gaussian assumptions... Read More about Extremal quantiles and stock price crashes.
Bank loan loss accounting treatments, credit cycles and crash risk (2017)
Journal Article
Andreou, P., Cooper, I., Louca, C., & Philip, D. (2017). Bank loan loss accounting treatments, credit cycles and crash risk. The British Accounting Review, 49(5), 474-492. https://doi.org/10.1016/j.bar.2017.03.002Banks that follow conditional conservatism in their loan loss accounting treatments benefit from a reduction in crash risk. The key discretionary loan loss accounting channels are provisions and allowances. We show that conditional conservatism reduc... Read More about Bank loan loss accounting treatments, credit cycles and crash risk.
Bank liquidity creation and risk-taking: Does managerial ability matter? (2016)
Journal Article
Andreou, P., Philip, D., & Robejsek, P. (2016). Bank liquidity creation and risk-taking: Does managerial ability matter?. Journal of Business Finance and Accounting, 43(1-2), 226-259. https://doi.org/10.1111/jbfa.12169This study investigates the impact of managerial ability on banks' liquidity creation and risk-taking behavior. We find that higher ability managers create more liquidity and take more risk. During financial crisis times, however, higher ability bank... Read More about Bank liquidity creation and risk-taking: Does managerial ability matter?.