Dr Christos ALEXAKIS

Associate Professor

Pôle : Finance and Accounting

Nationalités :

Qualifications

  • Doctor of Philosophy (Ph.D.)
  • Master of Science (M.Sc.)
  • Bachelor of Science (B.Sc.)

Teaching

  • Financial Accounting
  • Corporate Finance
  • Capital Markets
  • Behavioral Finance
  • Financial Analysis
  • Commercial & Investment Banking
  • Portfolio Theory
  • Banking

Teaching at undergraduate level

  • Associate Professor, Department of Economics, University of Piraeus, (2011-2015)
  • Assistant Professor, Department of Economics, University of Piraeus, (2005-2011)
  • Lecturer, Department of Economics, University of Athens, (1999–2005)
  • Lecturer, Department of Economics, University of Leeds, (1989-1990)
  • Lecturer, Department of Economics, Bradford University, (1990-1991)
  • Tutor, Department of Economics, University of York, (1989-1990)

Teaching in Graduate Level

  • Postgraduate Program Banking and Finance, International Hellenic University (English) (2004 – 2015)
  • Postgraduate Programme Economic and Business Strategy, Department of Economics, University of Piraeus (2004 – 2015)
  • Postgraduate Programme Health Economics, Department of Economics, University of Piraeus, (2004 – 2015)
  • Postgraduate Programme Banking, Hellenic Open University, (2004-2015)
  • Graduate Programme Health Economics, Department of Economics, University of Athens, (2002-2006)
  • Graduate Programme Mathematic Modeling in Economics, Athens Polytechnic, (2004 -2006)

Work Experience

Christos Alexakis is Associate Professor in the Department of Finance and Accounting at Rennes School of Business, France. He has written a number of scientific papers published in high quality referred academic journals, as well as several books related to finance.
Christos Alexakis has worked as CEO from 1999 to 2005 in Marfin Investment Group SA (a big Investment Company listed in the Athens Stock Exchange). He was responsible for the open-end and closed-end end funds of the company. He also served as a member of the Board of Marfin Bank. Christos Alexakis was one of the pioneers of Relationships with Investors (Investors Relations) in Greece and developed this important activity for the company.
Since April 2010 until end 2011, he was CEO in Invest in Greece SA. Invest in Greece SA is the official investment promotion agency for Greece, (www.investingreece.gr). He was responsible for the Fast-Track Investment Law in Greece. During the period he was CEO, and according to the World Bank Group’s Global Investment Promotion Best Practices 2012 Report, April 2012, Invest in Greece Agency SA systematically presented “a solid business case” and “leapt from being an average facilitator in 2009 to one of the world’s best practice agencies in 2012”.
For the period 2016-2020 he was a member of the Stakeholders Group of the European Securities and Markets Authority (ESMA) as a top ranking academic in the field of finance in Europe. In 2017 he was appointed as the representative of the Bank of Greece (the Greek central bank) in the Selection Committee of the Hellenic Financial Stability Fund (HFSF).

Academic

  • Associate professor, Finance & Accounting Academic Area, Rennes School of Business (August 2015 – Present)
  • Associate Professor, University of Piraeus (June, 2005 – August, 2015), Piraeus, Greece
  • Lecturer, University of Athens (January, 1999 – May, 2005), Athens, Greece

Non-Academic

  • CEO, Invest in Greece SA (April, 2010 – September, 2011), Athens, Greece
  • CEO, Marfin Financial Group (January, 1999 – January, 2005), Athens, Greece

Research Interests

  • Asset Pricing
  • Behavioral Finance
  • Corporate Finance
  • Islamic Finance
  • Health Economics
  • Tourism Economics

Academic Background

  • Doctor of Philosophy (Ph.D.), Department of Economics, University of York, U.K. (1992)
  • Master of Science (M.Sc.), Department of Economics, University of York, U.K. (1988)
  • Bachelor of Science (B.Sc.), Department of Economics, University of Piraeus, Greece

Service

Service to the profession

Referee in Academic Journals – Member in Editorial Boards

  • Referee for the Academic Journals: Journal of Banking and Finance, Applied Financial Economics, Empirical Economics, Multinational Finance Journal, Managerial Finance, European Research Studies, Spoudai. Member of the Editorial Boards: Journal of Money Investment and Banking και The Review of Financial and Accounting Studies. Emerging Markets Finance and Trade, Journal of Economic Behavior and Organization.

Membership in Scientific Organisations

  • Member of European Finance Association, Member of Eastern Finance Association,
    Member of Multinational Finance Society, Member of European Accounting Association, Member of Atlantic Economic Society

Ph. D Supervising

  • Successful supervision of three Ph.D theses. Supervision of more than one hundred M.Sc dissertations.

Honours/Awards

  • International Visitor Leadership Program (IVLP)
    2013 – U.S. Government – Department of State
  • Honourary Degree in Maritime Economics, Greek Chamber of Maritime Affairs (1987)
  • Ellis Hunter Scholarship, University of York (1989-1992)

Intellectual contributions

Refereed Articles Discipline-Based Scholarship

  • Christos Alexakis, Giulio Anselmi, Giovanni Petrella, 2024, Flight to cryptos: Evidence on the use of cryptocurrencies in times of geopolitical tensions., International Review of Economics & Finance, Volume 89, Part A, 2024, pp 498-523″
  • Mamatzakis, E., Alexakis, C., Yahyaee, K.A., Pappas, V., Mobarek, A. and Mollah, S., 2023, Does corporate governance affect the performance and stability of Islamic banks?, Corporate Governance, Vol 23 N. 4 2023, pp. 888-919
  • Christos Alexakis, Antonios Chantziaras, Fotini Economou, Konstantinos  Eleftheriou, Christos Grose, 2023, Animal Behavior in Capital markets: Herding formation dynamics, trading volume, and the role of COVID-19 pandemic., The North American Journal of Economics and Finance, Volume 67, 2023, 101946
  • Pavan Kumar Nagula, Christos Alexakis, 2022, A new hybrid machine learning model for predicting the bitcoin (BTC-USD) price., Journal of Behavioral and Experimental Finance, Volume 36, 2022, 100741
  • Nagula, P.K., Alexakis, C., 2022, A Novel Machine Learning Approach for Predicting the NIFTY50 Index in India., International Advances in Economic Research . Volume 28, issue 3-4, pp 155–170
  • Alexakis, C., Vasilis Pappas, Manolis Skarmeas, 2021, Market abuse under different close price determination mechanisms: A European case, International Review of Financial Analysis 74 (March 2021) 101707
  • Christos Alexakis, Dimitris Kenourgios, Vasileios Pappas, Athina Petropoulou, 2021, From dotcom to Covid-19: A convergence analysis of Islamic investments, Journal of International Financial Markets, Institutions and Money, Volume 75, 2021, 101423
  • Alexakis, Christos; Dowling, Michael; Pappas, Vasileios; Ramachandiran, Manimozhi; Sklavos, Favianos, 2021, Do hotel financial factors influence satisfaction?, Annals of Tourism Research, Volume 90, 2021, 103128
  • Christos Alexakis, Ezzedine Ghlamallah, Michael Dowling, Anke Piepenbrink, 2021, The topics of Islamic economics and finance research, International Review of Economics & Finance, Volume 75, Pages 145-160
  • Alexakis, Christos; Eleftheriou, Konstantinos; Patsoulis, Patroklos, 2021, COVID-19 containment measures and stock market returns: An international spatial econometrics investigation, Journal of behavioral and experimental finance, Volume 29 (March 2021) 100428
  • Alexakis, Christos; Dowling, Michael; Eleftheriou, Konstantinos; Polemis, Michael, 2021, Textual Machine Learning: An Application to Computational Economics Research, Computational Economics, 57 (1), pp. 369–385 (2021)
  • Alexakis, C., Izzeldin, M., Johnes, J., Pappas, V., 2019, Performance and productivity in Islamic and conventional banks: Evidence from the global financial crisis., Economic Modelling, Volume 79 (2019), pp. 1-14
  • Alexakis, C., Cummins, M., Dowling, M., Pappas, V., 2018, A high-frequency analysis of price resolution andpricing barriers in equities on the adoption of a new currency, Applied Economics, Vol. 50, No. 36, 2018, pp. 3949-3965
  • Alexakis, C., Pappas, V., 2018, Sectoral dynamics of financial contagion in Europe – The cases of the recent crises episodes, Economic Modelling, Vol. 73, pp. 222-239
  • Alexakis, Christos , Guillaume Bagnarosa, and Michael Dowling, 2017, Do Cointegrated Commodities Bubble Together? The Case of Hog, Corn, and Soybean, Finance Research Letters Vol. 23 (2017), pp. 96-102
  • Alexakis, Christos A, Mavrakis, E., 2018, Statistical Arbitrage Strategies under Different Market Conditions: The Case of the Greek Banking Sector, Journal of Emerging Market Finance Vol. 17 (2), pp. 1–27
  • Alexakis, Christos A, Pappas, V., Tsikouras, A, 2017, Hidden cointegration reveals hidden values in Islamic investments, Journal of International Financial Markets, Institutions & Money, Vol. 46 (2017), pp. 70-83
  • Alexakis, C., A. Dasilas and C. Grose, 2014, Performance persistence in fixed interest funds: with an eye on the post debt crisis period, Journal of International Financial Markets, Institutions & Money
  • Alexakis, C., A. Dasilas and C. Grose, 2013, Asymmetric dynamic relations between stock prices and mutual fund units in Japan. An application of hidden cointegration technique, International Review of Financial Analysis, vol. 28, 1-8. ABDC List A, ABS List 3. (2013)
  • Alexakis, C., 2011, Financial Crisis, Ownership Effect and Investors Sentiment. Empirical Evidence from the Banking Sector in Greece, European Research Studies, issue 3. 3-18. (2011)
  • Alexakis, C., 2011, Long-run Relations among Equity Indices under Different Market Conditions: Implications on the Implementation of Statistical Arbitrage Strategies, Journal of International Financial Markets, Institutions & Money, Vol. 20, I 14, 389-403. ABDC List A, ABS List 3. (2011)
  • Alexakis, C., Patra. T. and Poshakwale. S., 2010, Predictability of stock returns using financial statement information: evidence on the semistrong efficiency of emerging Greek stock market, Applied Financial Economics
  • Alexakis, C., Mavrakis. E., 2010, Is Moderate Market Performance in the U.S. a Sufficient Condition for Abnormal Returns on CEFs?, International Advances in Economic Research, Vol. 16 (1), 80-95. ABDC List C. (2010)
  • Alexakis, C., A. Tsikoura, 2009, Islamic finance: regulatory framework – challenges lying ahead, International Journal of Islamic and Middle Eastern Finance and Management
  • Alexakis, C., M. Xanthaki and M. Kolomitsini, 2008, Empirical Tests on the Stock Price Behavior of Privatized Enterprises in Greece, Journal of Money Investment and Banking, Issue 6, 2008, 5-16. (2008)
  • Alexakis, C., E. Mavraki, 2008, Stock Markets’ Linkages: An Empirical Investigation for Long-term International Diversification Benefits, International Research Journal of Finance and Economics, Issue 21, 163-178. ABDC List C,
  • Alexakis, C., 2008, Market Efficiency and Company Size. Empirical Evidence from the Athens Stock Exchange, European Journal of Economics Finance and Administrative Studies
  • Alexakis, C., D. Balios, 2008, Investigating the effects of market microstructure on stock price formation and volatility: evidence from the Athens Stock Exchange, Applied Financial Economics Letters, 2008, Vol. 4, Issue 3, 225-231. ABDC List C. (2008)
  • Alexakis, C., D. Balios and S. Stavraki, 2007, A Dynamic Approach for the Evaluation of Portfolio Performance Under Risk Conditions, Investment Management and Financial Innovations, 2007, Vol. 4, Issue 4, 16-24. ABDC List C, ABS List 1. (2007)
  • Alexakis, C., J. Paleolaiologo, 2007, An Empirical Investigation of the Stock Price Dynamics Between Athens, Istanbul and London, Rivista Interantionale, 2007, Vol. LX, No 3, 293-304. (2007)
  • Alexakis, C., E. Xanthaki, D. Balio and G. Papageli, 2006, An Empirical Investigation of the Visible Effects of Corporate Governance: The Case of Greece, Managerial Finance, 2006, Vol. 32, Issue 8, 673-684. ABDC List B, ABS List 1. (2006)
  • Alexakis, C., N. Niarcho, T. Patra and S. Poshakwale, 2005, The dynamics Between Stock Returns and Mutual Fund Flows. Empirical Evidence from the Greek Market, International Review of Financial Analysis, 2005, 14(5), 559-569. ABDC List A, ABS List 3. (2005)
  • Alexakis, C., E. Xanthaki, 2003, Market Trend, Company Size and Microstructure Characteristics of Intraday Price Formations, European Research Studies, 2003, Vol. VI, Issue 1-2, 81-96. (2003)
  • Alexakis, C., N. Niarcho, 2003, Intraday Stock Market Patterns in the Greek Stock Exchange, Applied Financial Economics, 2003, Vol. 13, Issue 1, 13-22. ABDC List B, ABS List 1. (2003)
  • Alexakis, C., N. Niarcho, 2000, The long Term Dynamics of the European Stock Exchanges: Leaders and Followers, European Research Studies, 2000, Vol. III, Issue 1-2, 57-66. (2000)
  • Alexakis, C., I. PAnagopoulo and A. Spiliotin, 2000, A Granger – Causality Analysis of the Public Deficit Money Supply Relationship: Some Evidence from Greecen SPOUDAI, 2000, Vol. 50, No 3-4, 3-18. (2000)
  • Alexakis, C., N. Niarcho, 2000, The Predictive Power of Macroeconomic Variables on Stock Market Returns. The Case of the Athens Stock Exchange, SPOUDAI, 2000, Vol. 50, No 1-2, 74-86. (2000)
  • Alexakis, C., N. Niarcho, 1998, Stock Market Prices Causality and Efficiency. Evidence from the Athens Stock Exchange, Applied Financial Economics, 1998, Vol. 8, Issue 2, 167-174. ABDC List B, ABS List 1. (1998)

Refereed Proceedings Discipline-Based Scholarship

  • Alexakis, C., Michael Dowling, Essedine Ghlamallah, and Anke Piepenbrink, 2019, Topics in Islamic finance, Society for the Advancement of Socio-Economics (SASE) , New York, United States of America, June 2019
  • Alexakis, C., Kenourgios, Pappas, V., 2018, Finance islamique et inclusion financière, Symposium algérien de l’Assurance et de la Finance Islamiques, Alger, Algeria, November 2018
  • Alexakis, C., 2014, Long-Run Asymmetric Relationships between Islamic and Conventional Equity Indices, 4thConference of the European Asian Economics, Finance &Accounting and Econometric Association
  • Alexakis, C., 2012, Asymmetries of Stock Price Dynamics in U.K. An Application of Hidden Co-Integration Technique, The 73rd International Atlantic Economic Conference
  • Alexakis, C., 2009, Stock Prices, Net Asset Values and Investors’ Sentiment, The 67th International Atlantic Economic Conference
  • Alexakis, C., 2006, An Empirical Investigation of the Links between South-East Mediterranean Sea Stock Market, Yasar University Economics Conference
  • Alexakis, C., 2004, Empirical Tests of the Stock Price Behavior of Privatized Enterprises in Greece”, Multinational Finance Society

Books, Monographs, Compilations, Manuals Book (in Greek)

  • Mohd Ma’Sum Billah, Ezzedine GhlamAllah, Christos Alexakis, 2019, Encyclopedia of Islamic Insurance, Takaful and Retakaful, Edward Elgar Publishing Limited, Cheltenham, 448
  • A. Tsikouras, Alexakis, C., 2010, Islamic Banking and Finance
  • Alexakis, C., E. Xantaki, Prologue by N. Barberis, 2008, Behavioral Finance. An Introduction, Yale University (2008)
  • Alexakis, C., N. Niarchos and N. Iriotis, 2006, Financial Accounting
  • Alexakis, C., E. Xanthakis, 2006, Corporate Finance
  • Alexakis, C., 2003, Stock Market Economics
  • Alexakis, C., 2000, Capital Markets and Stock Market Investments, Greek Open University
  • Alexakis, C., Brealey, Myers and, Allen, 2013, “Corporate Finance”, McGrawHill. (Greek Edition), Chief Editor