All Outputs (4)

Financial knowledge among university students and implications for personal debt and fraudulent investments (2018)
Journal Article
Andreou, P., & Philip, D. (2018). Financial knowledge among university students and implications for personal debt and fraudulent investments. Cyprus economic policy review, 12(2), 3-23

The study is the first attempt to examine financial literacy, financial aptitude and behaviour among university students in Cyprus. The student survey covers 881 Cypriot students, aged mostly 18-24, across the five biggest universities in Cyprus. The... Read More about Financial knowledge among university students and implications for personal debt and fraudulent investments.

Managerial overconfidence and the buyback anomaly (2018)
Journal Article
Andreou, P., Cooper, I., García de Olalla, I., & Louca, C. (2018). Managerial overconfidence and the buyback anomaly. Journal of Empirical Finance, 49, 142-156. https://doi.org/10.1016/j.jempfin.2018.09.005

While positive, long-run abnormal returns following share repurchaseannouncements are substantially lower when CEOs are overconfident. This effect is particularly strong for (i) difficult to value firms, such as small, young, non-dividend paying, dis... Read More about Managerial overconfidence and the buyback anomaly.

Differences in options investors' expectations and the cross-section of stock returns (2018)
Journal Article
Andreou, P., Kagkadis, A., Philip, D., & Tuneshev, T. (2018). Differences in options investors' expectations and the cross-section of stock returns. Journal of Banking and Finance, 94, 315-336. https://doi.org/10.1016/j.jbankfin.2018.07.016

We provide strong evidence that the dispersion of individual stock options trading volume across moneynesses (IDISP) contains valuable information about future stock returns. Stocks with high IDISP consistently underperform those with low IDISP by mo... Read More about Differences in options investors' expectations and the cross-section of stock returns.

CEO duality, agency costs, and internal capital allocation efficiency (2018)
Journal Article
Aktas, N., Andreou, P., Karasamani, I., & Philip, D. (2019). CEO duality, agency costs, and internal capital allocation efficiency. British Journal of Management, 30(2), 473-493. https://doi.org/10.1111/1467-8551.12277

This study examines the impact of CEO duality on firms’ internal capital allocation efficiency. We observe that when the CEO is also chair of the board, diversified firms make inefficient investments, as they allocate more capital to business segment... Read More about CEO duality, agency costs, and internal capital allocation efficiency.