Sotiris Staikouras

Senior Lecturer in Banking & Finance and Course Director of BSc in IFRM, RAI and REFI at Bayes Business School

Schools

  • Bayes Business School

Links

Biography

Bayes Business School

Sotiris K. Staikouras serves as Senior Lecturer in Finance at Cass Business School, City University, London. He holds a BSc degree in Business Administration with major in Accounting and Finance from the University of Piraeus in Greece, an an MSc degree in Business Finance from Brunel University in London, and a PhD degree in Finance at Cass Business School.

Dr. Staikouras has published over thirty articles in the areas of asset pricing for banks and insurance, financial conglomerates, interest rate risk exposure of financial institutions, bank-insurance interface, stock market volatility and financial modelling. His research has been covered by the media and published in academic journals such as Financial Markets Institutions & Instruments, Journal of Futures Markets, Geneva Papers on Risk & Insurance, The Quarterly Review of Economics & Finance, Journal of International Financial Markets Institutions & Money, Journal of Multinational Financial Management, Journal of Applied Finance and many others.

Dr. Staikouras has worked as a research advisor at London Clearing House and as financial analyst/consultant for other institutions. He is also a member of the Chartered Insurance Institute (CII) Financial Services Accreditation Committee, and Academic Advisor of subject areas for the CII. As a freelance instructor, he delivers training courses for financial institutions and government organisations. He teaches courses in both undergraduate and postgraduate level in Asset-Liability Management, Equity Investment Analysis, Company Valuation, Risk Management of Financial Institutions, Fixed Income Securities, and Corporate Risk Management.

He is the Course Director of BSc IFRM, IAI and REFI, and he also served as Course Director of various masters' programmes. He was also one of the leading members for the restructuring of both undergraduate and postgraduate programmes during 1998-2002 at City University Business School. Dr. Staikouras had been a member of various Boards and Committees including the Senate at City University. He is a Visiting Scholar at ALBA Graduate Business School, Athens, Greece; and at the Cyprus International Institute of Management, Nicosia, Cyprus.

Dr. Staikouras serves as an Associate Editor of Accounting & Finance, Journal of Applied Finance, Review of Futures Markets, Quarterly Review of Economics & Finance, Frontiers in Finance & Economics, European Research Studies Journal, Journal of Money, Investment & Banking, Accounting & Finance, Journal of International Business & Finance, and Risk Management. He is also on the Advisory board of the Financial Markets & Institutions Special Interest Group within the British Accounting Association; and actively involved with the Financial Management Association in the USA.

Qualifications

BBA (Piraeus), MSc (Brunel) and PhD (CUBS).

Languages

Greek, Modern (1453-).

Expertise

Primary Topics

  • Asset Pricing
  • Banking
  • Financial Institutions
  • Risk Management

Additional Topics

  • Finance
  • General Financial Markets
  • Investment Banking

Industries/Professions

  • banking
  • financial services
  • insurance
  • investment banking

Geographic Areas

  • Americas - Latin
  • Americas - North
  • Asia
  • Australia & Oceania
  • Europe

Research Topics

  • The banking & insurance equity pricing function
  • Financial Conglomerates & Bank systemic risk
  • The role of regulatory dialectic in a post crisis era
  • Bank & insurer's equity performance and the term structure of interest rates
  • Behavioural finance and financial crises

Chapters (2)

  • Staikouras, S.K. and Kalotychou, E. (2009). An overview of the issues surrounding stock market volatility. In Gregoriou, G.N. (Ed.), Stock Market Volatility (pp. 3–29). Chapman Hall-CRC / Taylor Francis.
  • Dontis-Charitos, P., Staikouras, S.K. and Williams, J. Bank diversification and financial conglomerates in Europe. In Beck, T. and Casu, B. (Eds.), The Palgrave Handbook of European Banking UK, 2016: Palgrave MacMillan. ISBN 978-1-137-52143-9

Journal Articles (40)

  • Casu, B., Dontis-Charitos, P., Staikouras, S. and Williams, J. (2016). Diversification, Size and Risk: The Case of Bank Acquisitions of Nonbank Financial Firms. European Financial Management, 22(2), pp. 235–275. doi:10.1111/eufm.12061.
  • Andriosopoulos, K., Chan, K.K., Dontis-Charitos, P. and Staikouras, S.K. (2015). Wealth and risk implications of the Dodd-Frank Act on the U.S. financial intermediaries. Journal of Financial Stability . doi:10.1016/j.jfs.2016.09.006.
  • Elyasiani, E., Kalotychou, E., Staikouras, S.K. and Zhao, G. (2015). Return and Volatility Spillover among Banks and Insurers: Evidence from Pre-Crisis and Crisis Periods. Journal of Financial Services Research, 48(1), pp. 21–52. doi:10.1007/s10693-014-0200-z.
  • Elyasiani, E., Staikouras, S.K. and Dontis-Charitos, P. (2015). Cross-Industry Product Diversification and Contagion in Risk and Return: The case of Bank-Insurance and Insurance-Bank Takeovers. Journal of Risk and Insurance, 83(3), pp. 681–718. doi:10.1111/jori.12066.
  • Kalotychou, E., Staikouras, S.K. and Zhao, G. (2014). The role of correlation dynamics in sector allocation. Journal of Banking and Finance, 48, pp. 1–12. doi:10.1016/j.jbankfin.2014.06.025.
  • Gounopoulos, D., Molyneux, P., Staikouras, S.K., Wilson, J.O.S. and Zhao, G. (2013). Exchange rate risk and the equity performance of financial intermediaries. International Review of Financial Analysis, 29, pp. 271–282. doi:10.1016/j.irfa.2012.04.001.
  • Dontis-Charitos, P., Molyneux, P. and Staikouras, S.K. (2011). Does the Stock Market Compensate Banks for Diversifying into the Insurance Business? Financial Markets, Institutions and Instruments, 20(1), pp. 1–28. doi:10.1111/j.1468-0416.2010.00164.x.
  • Dawson, P. and Staikouras, S.K. (2009). The impact of volatility derivatives on S&P500 volatility. Journal of Futures Markets, 29(12), pp. 1190–1213. doi:10.1002/fut.20424.
  • Staikouras, S.K. (2009). An event study analysis of international ventures between banks and insurance firms. Journal of International Financial Markets, Institutions and Money, 19(4), pp. 675–691. doi:10.1016/j.intfin.2008.11.003.
  • Kalotychou, E., Staikouras, S.K. and Zagonov, M. (2009). The UK equity market around the ex-split date. Journal of International Financial Markets, Institutions and Money, 19(3), pp. 534–549. doi:10.1016/j.intfin.2008.07.001.
  • Harissis, H.F., Merikas, A., Mutenga, S. and Staikouras, S.K. (2009). Universal banks and stock‐market reaction. The Journal of Risk Finance, 10(3), pp. 244–260. doi:10.1108/15265940910959375.
  • Merikas, A. and Staikouras, S.K. (2008). The Greek bank-insurance model: A look at a not-so-new corporate structure. European Research Studies Journal, 11(3), pp. 25–34.
  • Artikis, P.G., Mutenga, S. and Staikouras, S.K. (2008). Corporate Bancassurance Structures: The Case of Greece. Risk Management, 10(2), pp. 85–103. doi:10.1057/palgrave.rm.8250041.
  • Artikis, P.G., Mutenga, S. and Staikouras, S.K. (2008). A practical approach to blend insurance in the banking network. The Journal of Risk Finance, 9(2), pp. 106–124. doi:10.1108/15265940810853896.
  • Staikouras, S.K. and Nurullah, M. (2008). The Separation of Banking from Insurance: Evidence from Europe. Multinational Finance Journal, 12(3/4), pp. 157–184.
  • DeBondt, W., Muradoglu, G., Shefrin, H. and Staikouras, S. (2008). Behavioral Finance: Quo Vadis? Journal of Applied Finance, 18(2), pp. 7–21.
  • Artikis, P.G., Kalotychou, E. and Staikouras, S.K. (2007). Interest rate fluctuations and the UK financial services industry. Applied Financial Economics Letters, 3(5), pp. 343–347. doi:10.1080/17446540601118319.
  • Mutenga, S. and Staikouras, S.K. (2007). The theory of catastrophe risk financing: A look at the instruments that might transform the insurance industry. Geneva Papers on Risk and Insurance: Issues and Practice, 32(2), pp. 222–245. doi:10.1057/palgrave.gpp.2510127.
  • Kalotychou, E. and Staikouras, S.K. (2007). De facto versus de jure bank-insurance ventures in the Greek market. Geneva Papers on Risk and Insurance: Issues and Practice, 32(2), pp. 246–263. doi:10.1057/palgrave.gpp.2510124.
  • Mutenga, S. and Staikouras, S.K. (2007). Financing MG Rover Through Bankruptcy: Some Risk Financing Lessons. Risk Management, 9(2), pp. 59–81. doi:10.1057/palgrave.rm.8250015.
  • Staikouras, S.K. (2006). Financial intermediaries and interest rate risk: II. Financial Markets, Institutions and Instruments, 15(5), pp. 225–272. doi:10.1111/j.1468-0416.2006.00118.x.
  • Kalotychou, E. and Staikouras, S.K. (2006). An empirical investigation of the loan concentration risk in Latin America. Journal of Multinational Financial Management, 16(4), pp. 363–384. doi:10.1016/j.mulfin.2005.08.005.
  • Kalotychou, E. and Staikouras, S.K. (2006). Volatility and trading activity in Short Sterling futures. Applied Economics, 38(9), pp. 997–1005. doi:10.1080/00036840500400038.
  • Staikouras, S.K. (2006). Testing the stabilization hypothesis in the UK short-term interest rates: Evidence from a GARCH-X model. Quarterly Review of Economics and Finance, 46(2), pp. 169–189. doi:10.1016/j.qref.2005.04.003.
  • Staikouras, S.K. (2006). Business opportunities and market realities in financial conglomerates. Geneva Papers on Risk and Insurance: Issues and Practice, 31(1), pp. 124–148. doi:10.1057/palgrave.gpp.2510060.
  • Kalotychou, E. and Staikouras, S.K. (2005). The banking exposure to international lending: Regional differences or common fundamentals? Financial Markets, Institutions and Instruments, 14(4), pp. 187–214. doi:10.1111/j.0963-8008.2005.00103.x.
  • Staikouras, S.K. (2005). Equity returns of financial institutions and the pricing of interest rate risk. Applied Financial Economics, 15(7), pp. 499–508. doi:10.1080/09603100500039557.
  • Staikouras, S.K. (2005). Multinational banks, credit risk, and financial crises: A qualitative response analysis. Emerging Markets Finance and Trade, 41(2), pp. 82–106.
  • Staikouras, S.K. (2004). A chronicle of the banking and currency crises. Applied Economics Letters, 11(14), pp. 873–878. doi:10.1080/1350485042000282240.
  • Staikouras, S.K. (2004). The information content of interest rate futures and time-varying risk premia. Applied Financial Economics, 14(11), pp. 761–771. doi:10.1080/0960310042000238912.
  • Staikouras, S.K. (2004). Conditional speculation in the FOREX market: Recent empirical evidence. Empirical Economics Letters, 3, pp. 207–223.
  • Staikouras, S.K. and Mutenga, S. (2004). Insurance companies and firm wide risk: A barrier option approach. Journal of Insurance Research and Practice, 19, pp. 62–70.
  • Kalotychou, E. and Staikouras, S.K. (2004). Credit Exposure and Sovereign Risk Analysis: The Case of South America. Frontiers in Finance and Economics, 1, pp. 46–56.
  • Staikouras, S.K. (2003). The Interest Rate Risk Exposure of Financial Intermediaries: A Review of the Theory and Empirical Evidence. Financial Markets, Institutions and Instruments, 12(4), pp. 257–289. doi:10.1111/1468-0416.t01-1-00002.
  • Staikouras, S.K., Mesomeris, S. and Harissis, H. (2001). Long-term trends and short-run dynamics in international stock markets. European Research Studies, 4(3-4), pp. 103–114.
  • Dinenis, E., Staikouras, A.K. and Staikouras, S. (2000). The Pricing Of Risk Factors & The UK Insurance Stocks' Performance A Nonlinear Multivariate Approach. European Research Studies Journal, 3(3-4), pp. 131–144.
  • Dinenis, E. and Staikouras, S.K. (1998). Interest rate changes and common stock returns of financial institutions: evidence from the UK. The European Journal of Finance, 4(2), pp. 113–127.
  • Nowman, K.B. and Staikouras, S.K. (1998). The Volatility of Greek Interbank Rates: A Continuous Time Analysis. European Research Studies Journal, 1(2), pp. 5–14.
  • Staikouras, S.K. (1996). Financial intermediaries and interest rate risk exposure. Quantitative Analysis, 1, pp. 69–80.
  • Elyasiani, E., Hasan, I., Kalotychou, E., Staikouras, S.K. and Pouliasis, P. The wealth effect of yield curve changes on the banking firm. .

Course Directorship

  • 1998 - present, BSc Investment & Financial Risk Management, Director
  • 1998 - present, BSc Investment Analysis & Insurance, Director
  • 1998 - present, BSc Real Estate Finance & Investment, Director

Editorial Activities (9)

  • International Journal of Banking, Accounting and Finance, Member of Editorial Board, 2007 – present.
  • Journal of International Business and Finance, Member of Editorial Board, 2007 – present.
  • Risk Management, Member of Editorial Board, 2007 – present.
  • Journal of Applied Finance, Member of Editorial Board, 2006 – present.
  • Journal of Money, Investment and Banking, Member of Editorial Board, 2006 – present.
  • Quarterly Review of Economics and Finance, Member of Editorial Board, 2006 – present.
  • Accounting and Finance, Member of Editorial Board, 2005 – present.
  • Review of Futures Markets, Member of Editorial Board, 2005 – present.
  • Frontiers in Finance and Economics, Member of Editorial Board, 2003 – present.

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