Mario Levis

Professor Mario Levis is known for his academic and professional work on IPOs, private equity and equity trading strategies. He has published in these areas in leading academic journals and is the author of a North Holland book on 'Empirical Issues in Raising Equity Capital'. His work has attracted national press coverage and numerous academic citations. He teaches corporate finance and asset management at various postgraduate and executive programmes. Professor Levis has worked as a consultant for a major bank on corporate finance and has also advised a number of leading fund management houses on the formulation of equity trading strategies and portfolio performance attribution. He has served as President of European Financial Management Association and he is on the editorial boards of the Journal of Banking and Finance, European Financial Management and Omega.

Qualifications

BA, MSc and PhD.

Memberships of Professional Organisations

• Chair of Board of Studies, Association of Corporate Treasurers (ACT), Feb 2008 – present
• Member of Governing Board, International Hellenic University, Jun 2007 – present

Languages

Greek, Modern (1453-).

Expertise

Primary Topics

• Asset Pricing
• Asset Valuation
• Capital Markets
• Corporate Finance
• Fund Management
• Private Equity

Research Topics

• Financial Distress: Private vs Public Firms
• Cash Holdings: Private vs Public Firms
• 1,000 Days in the Life of an IPO
• Underwriting Costs for Seasoned Equity Offerings

Books (2)

• Levis, M. and Vismara, S. (2013). Handbook of Research on IPOs. Edward Elgar Publishing. ISBN 978-1-78195-537-6.
• Levis, M. (1996). Empirical Issues in Raising Equity Capital. Elsevier Science Ltd. ISBN 978-0-444-82469-1

Chapters (3)

• Appadu, N., Faelten, A. and Levis, M. (2013). Acquisitions, SEOs, Divestitures and IPO Performance. In levis, M. and Vismara, S. (Eds.), Handbook of Research on IPOs (pp. 347–374). Edward Elgar Publishing. ISBN 978-1-78195-537-6.
• Levis, M. (1996). Alternative International Equity Offering Methods and their Impact on Liquidity. In Levis, M. (Ed.), Empirical Issues in Raising Equity Capital (Advances in Finance, Investment and Banking) (pp. 357–378). North-Holland. ISBN 978-0-444-82469-1.
• Levis, M. (1993). Management of interest rate swaps under the new capital adequacy guidelines. In Flavell Richard, (Ed.), Modelling Reality and Personal Modelling Heidelberg: Physica-Verlag. ISBN 3-7908-0682-X.

Journal Articles (20)

• Levis, M., Muradoǧlu, Y.G. and Vasileva, K. (2016). Home bias persistence in foreign direct investments. European Journal of Finance, 22(8-9), pp. 782–802.
• Levis, M., Meoli, M. and Migliorati, K. (2014). The rise of UK Seasoned Equity Offerings (SEOs) fees during the financial crisis: The role of institutional shareholders and underwriters. Journal of Banking and Finance, 48, pp. 13–28.
• Levis, M. (2011). The Performance of Private Equity-Backed IPOs. Financial Management, 40(1), pp. 253–277.
• Levis, M. and Anagnostopoulou, S.C. (2008). R&D and performance persistence: Evidence from the United Kingdom. International Journal of Accounting, 43(3), pp. 293–320.
• Levis, M. (2008). Private Equity: The Elusive Asset Class. The Investors Journal, 1(12), pp. 13–16.
• Levis, M. and Tessaromatis, N. (2004). Style Rotation Strategies. Journal of Portfolio Management, 30(4), pp. 160–169.
• Levis, M. (2002). The Record on Small Companies: A Review of the Evidence. Journal of Asset Management, 2(4), pp. 368–397.
• Levis, M. and Liodakis, M. (2001). Contrarian Strategies and Investor Expectations: The U.K. Evidence. Financial Analysts Journal, 57(5), pp. 43–56.
• Levis, M. and Liodakis, M. (1999). The Profitability of Style Rotation Strategies in the United Kingdom. The Journal of Portfolio Management, 26(1), pp. 73–86.
• Levis, M., Gerbich, M. and Venmore Rowland, P. (1999). Property Investment and Property Development Firm Performance Around Initial Public Offerings and Rights Offerings: U.K. Evidence. Journal of Real Estate and Finance and Economics, 18(2), pp. 207–238.
• Lasfer, M.A. and Levis, M. (1998). The Determinants of the Leasing Decision of Small and Large Companies. European Financial Management, 4(2), pp. 159–184.
• Levis, M. (1995). Seasoned equity offerings and the short-and long-run performance of initial public offerings in the UK. European Financial Management, 1(2), pp. 125–146.
• Levis, M. and Thomas, D.C. (1995). Investment trust IPOs: Issuing behaviour and price performance. Journal of Banking and Finance, 19(8), pp. 1437–1458.
• Levis, M. and Thomas, D.C. (1995). New investment trust offerings: behaviour and price performance. Professional Investor, March, pp. 28–30.
• Levis, M. and Kazantzis, C. (1995). Price support and initial public offerings: evidence from the Athens Stock Exchange. Research in International Business and Finance, 12, pp. 185–202.
• Gerbich, M., Levis, M. and Venmore Rowland, P. (1995). Property initial public offerings: regulations, costs and price reactions. Journal of Property Finance, 6(1), pp. 38–54.
• Levis, M. and Suchar, V. (1994). Capital adequacy guidelines and interest rate swaps. , 22(5), pp. 415–426.
• Levis, M. (1990). The Winner's Curse Problem, Interest Costs and the Underpricing of Initial Public Offerings. The Economic Journal, 100(399), pp. 76–89.
• Levis, M. (1989). Stock market anomalies: A re-assessment based on the UK evidence. , 13(4-5), pp. 675–696.
• Levis, M. The Long-Run Performance of Initial Public Offerings: The UK Experience 1980-1988. Financial Management, 22(1), pp. 28–28.

Editorial Activities (2)

• European Financial Management, Member of Editorial Board, 1995 – present.
• Journal of Banking and Finance, Member of Editorial Board, 1993 – present.