Professor Lenos Trigeorgis' Outputs (3)

CEO personality traits, strategic flexibility, and firm dynamics (2023)
Journal Article
Aabo, T., Pantzalis, C., Park, J. C., Trigeorgis, L., & Wulff, J. N. (2024). CEO personality traits, strategic flexibility, and firm dynamics. Journal of Corporate Finance, 84, Article 102524. https://doi.org/10.1016/j.jcorpfin.2023.102524

Reexamining CEO personality traits from a real options theory perspective, we suggest that the firm's strategic flexibility can be worsened by CEO conscientiousness and neuroticism. We use a measure of strategic flexibility as the firm's ability to t... Read More about CEO personality traits, strategic flexibility, and firm dynamics.

Value Uncertainty (2023)
Journal Article
Bali, T. G., Del Viva, L., Hefnawy, M. E., & Trigeorgis, L. (online). Value Uncertainty. Management Science, 70(7), 4167-4952. https://doi.org/10.1287/mnsc.2023.4888

We examine how time-series volatility of book-to-market (UNC) is priced in equity returns and the relative contributions of its book volatility (variations in earnings and book value) and market volatility components (shocks in required return). UNC... Read More about Value Uncertainty.

Enhancement in a firm's information environment via options trading and the efficiency of corporate investment (2023)
Journal Article
Anagnostopoulou, S. C., Trigeorgis, L., & Tsekrekos, A. E. (2023). Enhancement in a firm's information environment via options trading and the efficiency of corporate investment. Journal of Banking and Finance, 149, Article 106809. https://doi.org/10.1016/j.jbankfin.2023.106809

We examine the association between enhancement in a firm's information environment via options trading and firm investment efficiency. Investment inefficiency is partly driven by information asymmetries between firm managers and capital providers, ag... Read More about Enhancement in a firm's information environment via options trading and the efficiency of corporate investment.