Stefanos Delikouras

Research interests:

Asset Pricing, Behavioral Finance, Financial Macroeconomics, Household Finance, Investor Behavior

Education

• Doctor of Philosophy (Ph.D.) University of Michigan - Stephen M. Ross School of Business (2008 — 2013)
• Master's Degree University of Michigan (2004 — 2005)
• Bachelor's Degree University of Piraeus (1999 — 2003)

Companies

• Associate Professor of Finance University of Miami (2020)
• Assistant Professor of Finance University of Miami (2013 — 2020)
• Graduate Research and Teaching Assistant University of Michigan Ross School of Business (2008 — 2013)
• Sales N.S. Delikouras & Co. (2006 — 2008)

Publications

• Do investment-based models explain equity returns? Evidence from Euler equations, with Robert Dittmar, Review of Financial Studies, Forthcoming, presented at the New Methods for the Cross Section of Returns Conference at the University of Chicago
  
• Underreaction to political information and price momentum, with Jawad Addoum, Da Ke, and Alok Kumar, Financial Management, 48(3), 2019, pp. 773 - 804, selected by the editorial team as one of the best 3 papers of the Fall 2019 issue
  
• Income hedging, dynamic style preferences, and return predictability, with Jawad Addoum, George Korniotis, and Alok Kumar, Journal of Finance, 74(4), 2019, pp. 2055 - 106
  
• Consumption-income sensitivity and portfolio choice, with Jawad Addoum and George Korniotis, Review of Asset Pricing Studies, 9(1), 2019, pp. 91 - 136
  
• A single-factor consumption-based asset pricing model, with Alexandros Kostakis, Journal of Financial and Quantitative Analysis, 54(2), 2019, pp. 789 - 827
  
• Where's the kink? Disappointment events in consumption growth and equilibrium asset prices, Review of Financial Studies, 30(8), 2017, pp. 2851 - 89
  
• The human capital that matters: Expected returns and high-income households, with Sean Campbell, Danling Jiang, and George Korniotis, Review of Financial Studies, 29(9), 2016, pp. 2523 - 63

Other Publications

• Backorder cost coefficient "b", what could it be? with George Liberopoulos and Isidoros Tsikis, International Journal of Production Economics, 123(1), 2010, pp. 166 - 78

Submitted Papers

• Industry clusters and the geography of portfolio choice, with Jawad Addoum, Da Ke, and George Korniotis, R&R
  
• Geography of firms and propagation of local economic conditions, with Gennaro Bernile, George Korniotis, and Alok Kumar, R&R
  
• Blockchain characteristics and the cross-section of cryptocurrency returns, with Sidd Bhambhwani and George Korniotis
  

Working Papers

• Why corporate bonds may disappoint: Disappointment aversion and the credit spread puzzle
  
• Do dollar-denominated emerging market corporate bonds insure foreign exchange risk? with with Robert Dittmar and Haitao Li, presented at the 2013 WFA and EFA Meetings and 2016 AFA Meetings
  
• Asset pricing with and without garbage: Testability of consumption-based models, with George Korniotis
  
• Mutual fund performance when it really matters most, with Alexadros Kostakis
  

Work In Progress

• Disappointment aversion preferences and the expectation hypothesis in bond and currency markets
  
• Are fund managers effective mondey doctors? Evidence from shareholder letters, with Krystyna Bochkay and Tim Burch