11 ο Ετήσιο Συνέδριο Συνδέσμου Επιστημόνων Χρηματοοικονομικής και 19 Δεκεμβρίου 2015 υπό την αιγίδα
ΑΝΑΛΥΤΙΚΟ ΠΡΟΓΡΑΜΜΑ Session 1: Banks II 09:00-10:15 Αμφιθέατρο "Σάκης Καράγιωργας ΙΙ" Anastasios Tsamis, Panteion University of Social and Political Studies, Determinants of Risk-to-Default in European Banking Sector Maria-Eleni K. Agoraki, Panteion University of Social and Political Studies, Anastasios Tsamis, Panteion University of Social and Political Studies, Ioannis Filos, Panteion University of Social and Political Studies, Andreas Georgantopoulos, Panteion University of Social and Political Studies, Loan Loss Impairments and Profit Analysis of Greek Banks: New Credit Policy Aspects using Bootstrap DEA Eleftherios Aggelopoulos, University of Patras, Antonios Georgopoulos, University of Patras, Vasilios Giannopoulos, University of Patras, Non-Performing Loans during the Greek Crisis. The Challenges for the Creditworthiness of SMEs and the Banking Management Vasileios Giannopoulos, University of Patras, Eleftherios Aggelopoulos, University of Patras, Antonios Georgopoulos, University of Patras, The Impact of Country Risk on the Bank Borrowing Cost Dispersion within the Euro Area in the Period of Financial Crisis Konstantinos Tsermenidis, University of Macedonia, George Michalopoulos, University of Macedonia, Session 2: Auditing 09:00-10:15 Αμφιθέατρο 2 Panayiotis Tachinakis, University of Macedonia, Assessing the Effects of Various Country Indicators on Audit Quality Panayiotis Tachinakis, University of Macedonia, Michalis Samarinas, University of Macedonia, and The University of Sheffield, UK Internationalization in Auditing Research Andreas Andrikopoulos, University of the Aegean, Michalis Bekiaris, University of the Aegean, Christina Vadasi, University of the Aegean, Stella Zounta, University of the Aegean, Ποιότητα Ελέγχου και Μη Ελεγκτικές Αμοιβές σε Περίοδο Χρηματοοικονομικής Κρίσης Μαρία Κυριακού, Ελληνικό Ανοικτό Πανεπιστήμιο, Ελλάδα Αυγουστίνος Ι. Δημητράς, Ελληνικό Ανοικτό Πανεπιστήμιο, Ελλάδα 14
ΣΑΒΒΑΤΟ 19 ΔΕΚΕΜΒΡΙΟΥ 2015 Session 3: Financial Accounting I 09:00-10:15 Αμφιθέατρο 3 Ioannis Filos, Panteion University of Social and Political Studies, Implications of the Cash Component of Earnings for Earnings Persistence and Stock Returns Panagiotis Artikis, University of Piraeus, Georgios Papanastasopoulos, University of Piraeus, Χειραγώγηση Κερδών και Κεφαλαίου μέσω των Προβλέψεων για Ζημιές από Δάνεια (LLP s) στις Εισηγμένες Τράπεζες των 7 πιο Αναπτυγμένων Χωρών του Πλανήτη (G7) Γεωργία Παζαρζή, Business College of Athens, Ελλάδα Ιωάννα Μπράτου, Business College of Athens, Ελλάδα Δημήτριος Χατζησπυρέλλης, Business College of Athens, Ελλάδα The Valuation Implications of Strategy in R&D-Intensive Industries Apostolos Ballas, Athens University of Economics & Business, Efthimios Demirakos, Athens University of Economics & Business, Does the Risk in Profit Margin and Asset Turnover Inform About Future Operating Performance? A Quantile Regression Approach Panagiotis Loukopoulos, University of Patras, Costas Siriopoulos, Zayed University, UAE Spyridon Kariofyllas, University of Patras, Session 4: Financial Reporting I 09:00-10:15 Αίθουσα Α-1 Ioannis Tsalavoutas, University of Glasgow, UK How Informative is Deferred Taxation in the Banking Sector Anestis Ladas, University of Macedonia, Christos I. Negkakis, University of Macedonia, Angeliki Samara, University of Macedonia, Goodwill Related Mandatory Disclosure and the Cost of Equity Capital Francesco Mazzi, The University of Florence, Italy Paul André, ESSEC Business School, France Dionysia Dionysiou, The University of Stirling, UK Ioannis Tsalavoutas, University of Glasgow, UK Voluntary Disclosure Of Companies Listed On The Athens Stock Exchange Stergios Tasios, University of the Aegean, Michalis Bekiaris, University of the Aegean, 15
ΑΝΑΛΥΤΙΚΟ ΠΡΟΓΡΑΜΜΑ Session 5: Financial Crisis 09:00-10:15 Αίθουσα Α-2 Aristeidis Samitas, University of the Aegean, On Identifying Efficiency Gains or Losses of Prospective Systemic Banks' M&A under Heterogeneous Production Technologies: Policy Implications in the Era of the Financial Crisis Konstantinos Baltas, London School of Economics & Political Science, UK George Kapetanios, Queen Mary University of London, UK Efthymios Tsionas, Athens University of Economics and Business, How Financial Contagion Leads to a Political End: The Political Contagion Case Aristeidis Samitas, University of the Aegean, Elias Kampouris, University of the Aegean, Corporate Failures and the Denomination of Corporate Bonds: Evidence from Emerging Asian Economies over Two Financial Crises Marina-Eliza Spaliara University of Glasgow, UK Serafeim Tsoukas, University of Glasgow, UK Coffee Break 10:15-10:30 Session 6: Asset Pricing I 10:30-11:45 Αμφιθέατρο "Σάκης Καράγιωργας ΙΙ" Neophytos Lambertides, Cyprus University of Technology, Cyprus The Risk and Return Puzzle in International Financial Markets Christos Savva, Cyprus University of Technology, Cyprus Panayiotis Theodossiou, Cyprus University of Technology, Cyprus Distress vs Growth: The Impact of Pure Growth Options on Stock Returns Christoforos Andreou, Cyprus University of Technology, Cyprus Neophytos Lambertides, Cyprus University of Technology, Cyprus Lenos Trigeorgis, University of Cyprus, Cyprus Photis Panayides, Cyprus University of Technology, Cyprus Liquidity Patterns in the U.S. Corporate Bond Market Stephanie Heck, University of Liege, Belgium Dimitri Margaritis, University of Auckland Business School, New Zealand Aline Muller, University of Liege, Belgium Cross-Sectional Conditional Risk Return Analysis in the Sorted Beta Framework: A Novel Two Factor Model Petros Messis, University of Macedonia, Antonis Alexandridis, University of Kent, UK Achilleas Zapranis, University of Macedonia, 16
ΣΑΒΒΑΤΟ 19 ΔΕΚΕΜΒΡΙΟΥ 2015 Session 7: Asset Pricing II 10:30-11:45 Αμφιθέατρο 2 Dimitris Petmezas, University of Surrey, UK Selling to Buy: Asset Sales and Method of Payment in M&As Christos Mavis, University of Surrey, UK Nathan Mcnamee, University of Surrey, UK Dimitris Petmezas, University of Surrey, UK Nickolaos Travlos, ALBA Graduate Business School, Allocating the Reaction Effects of the Institutional Investors to the Bailout Programs of the European Sovereign Debt Crisis of 2007-2014 Dimitrios Kousenidis, Aristotle University of Thessaloniki, Tryfon Papapanagiotou, Aristotle University of Thessaloniki, Coverage Termination due to Resources Constraints: Cheap talk or Euphemism for Bleak Business Prospects? Andreas Charitou, University of Cyprus, Cyprus Irene Karamanou, University of Cyprus, Cyprus Anastasia Kopita, University of Essex, UK The Presence of Calendar Anomalies in the Balkan Region during Crisis Period Andreas Georgantopoulos, Panteion University of Social and Political Sciences, Maria-Eleni Agoraki, Panteion University of Social and Political Sciences, Anastasios Tsamis, Panteion University of Social and Political Sciences, Session 8: Banks I 10:30-11:45 Αμφιθέατρο 3 Kyriaki Kosmidou, Aristotle university of Thessaloniki Bank Market Power and Firm Performance Manthos Delis University of Surrey, UK Sotirios Kokas, University of Essex, UK Steven Ongena, University of Zurich, CH Banks Accounting Policy Decisions in the Basel Period: The Case of European Union Debt Crisis Konstantinos Vasilacopoulos, Athens University of Economics and Business, Christos Tzovas, Athens University of Economics and Business, Apostollos Ballas, Athens University of Economics and Business, Assessing Bank Efficiency and Stability Konstantinos Baltas, London School of Economics & Political Science, UK George Kapetanios, Queen Mary University of London, UK Leone Leonida, Queen Mary University of London, UK Damiano Silipo, University of Calabria, Italy Bank M&A s in the Post Dodd-Frank Act Era:Do they Create Value? Emmanouil Pyrgiotakis, Athens University of Economics and Business, George Leledakis, Athens University of Economics and Business, 17
ΑΝΑΛΥΤΙΚΟ ΠΡΟΓΡΑΜΜΑ Session 9: Financial Risk and Risk Management 10:30-11:45 Αίθουσα Α-1 Andreas Merikas, University of Piraeus, Determining the Probability of Default: The Case of the Internationally Listed Shipping Corporations Andreas Merikas, University of Piraeus, Anna Merika, Deree College, Henry Penikas, National Research University, Russia Igor Kiselev, National Research University, Russia CEO Career Horizon and Stock Price Crashes Panayiotis C. Andreou, Cyprus University of Technology, Cyprus and Durham University Business School, UK Christodoulos Louca, Cyprus University of Technology, Cyprus and Durham University Business School, UK Andreas P. Petrou, Cyprus University of Technology, Cyprus Analysing the Multiscale Systematic Risk During the Global Financial Crisis: Evidence from Selected European Stock Markets Antonios Alexandridis, University of Kent, UK Mohammad Hasan, University of Kent, UK Establishing a Risk Management Framework for the Spot and Futures Tanker Markets using the Value at Risk Approach Alexandros Gkolfinopoulos, National Technical University of Athens, Haralampos Mpasdekis, Ministry of Finance, and University of Athens, Ioannis Katsampoxakis, University of Athens, Session 10: Financial Markets 10:30-11:45 Αίθουσα Α-2 Dimitrios Gounopoulos, University of Sussex, UK Do Multiple Credit Ratings Facilitate the Going Public Process? Evidence from the US Marc Goergen, Cardiff University, UK Dimitrios Gounopoulos, University of Sussex, UK Antonios Kallias, University of Portsmouth, UK Testing Price Integration between US and Emerging ETF Markets from a Law of One Price Perspective Gerasimos G. Rompotis, National and Kapodistrian University of Athens, The Stochastic Behavior of the Systematic Risk. Evidence from the US Stock Market Konstantinos Gillas, University of Patras, Athanasios Tsagkanos, University of Patras, Costas Siriopoulos, Zayed University, UAE 18
ΣΑΒΒΑΤΟ 19 ΔΕΚΕΜΒΡΙΟΥ 2015 Coffee Break 11:45-12:00 Panel Session: Improving Research in Accounting and Finance 12:00-13:30 Αμφιθέατρο "Σάκης Καράγιωργας ΙΙ" UK Seasoned Equity Offerings and Misvaluation: The Case of Private Placements Jerry Coakley, University of Essex, UK Sofia Stamou, University of Essex, UK Hardy Thomas, University of Essex, UK Manthos Delis, University of Surrey, UK Dimitrios Gounopoulos, University of Sussex, UK Dimitri Margaritis, University of Auckland Business School, New Zealand Dimitris Petmezas, University of Surrey, UK Panayiotis Theodossiou, Cyprus University of Technology, Cyprus Dimosthenis Hevas, Athens University of Economics and Business Lunch 13:30-14:30 Session 11: Financial Accounting II 14:30-15:45 Αμφιθέατρο "Σάκης Καράγιωργας ΙΙ" Evangelos Koumanakos, University of Ioannina, Cross Firm Earnings Management: Μελέτη Περίπτωσης σε Επιχειρήσεις της Γαλλίας Γεωργία Παπαζώη, Οικονομικό Πανεπιστήμιο Αθηνών, Ελλάδα Αφροδίτη Παπαδάκη, Οικονομικό Πανεπιστήμιο Αθηνών, Ελλάδα Earnings vs Sales: The Bradefer of Manipulation Evangelos Koumanakos, University of Ioannina, Georgios, Peppas, University of Patras, Deferred Taxation and Earnings Management Stergios Athianos, Technological Education Institute of Central Macedonia, Ioannis Samaras, Technological Education Institute of Central Macedonia, Tasos Stylianou, Technological Education Institute of Central Macedonia, Accounting Adjustments for Valuation Purpose of Private Firms Statements in Athanasios D. Karampouzis, University of Macedonia, Dimitrios Ginoglou, University of Macedonia, 19
ΑΝΑΛΥΤΙΚΟ ΠΡΟΓΡΑΜΜΑ Session 12: Corporate Finance 14:30-15:45 Αμφιθέατρο 2 George Leledakis, Athens University of Economics and Business, Policy Making Using AFN Formula: A Technical Approach Anastasios Tsamis, Panteion University of Social and Political Sciences, Konstantinos Liapis, Panteion University of Social and Political Sciences, Panagiotis Spanos, Panteion University of Social and Political Sciences, Corporate Liquidity, Firm Size and the Impact of Financial Crisis in UK Market Efstathios Magerakis, University of Patras, Athanasios Tsagkanos, University of Patras, Costas Siriopoulos, Zayed University, UAE Αγορά Ιδίων Μετοχών στην Ελλάδα: Η Αντίδραση της Κεφαλαιαγοράς και η Θεωρία Σηματοδότησης Αγγελική Δρούσια, Οικονομικό Πανεπιστήμιο Αθηνών, Ελλάδα Αθανάσιος Επίσκοπος, Οικονομικό Πανεπιστήμιο Αθηνών, Ελλάδα Γεώργιος Λελεδάκης, Οικονομικό Πανεπιστήμιο Αθηνών, Ελλάδα An Integrated Project-Based Holistic Methodology for the Financial Management Of Building Assets Konstantinos J. Liapis, Panteion University of Social and Political Sciences, Dimitrios D. Kantianis, Panteion University of Social and Political Sciences, Christos L. Galanos, Panteion University of Social and Political Sciences, Session 13: Financial Reporting II 14:30-15:45 Αμφιθέατρο 3 Augoustinos Dimitras, Hellenic Open University, Beneish Model and Corporate Financial Statement Fraud in Spyridon Repousis, University of Peloponnese, Impairment Accounting the Key Requirements of IAS 36: An Empirical Research for Companies Listed on Athens Stock Exchange Olympia Gkouma, Panteion University of Social and Political Sciences, Ioannis Filos, Panteion University of Social and Political Studies, Athens, Η Εναρμόνιση των Λογιστικών Προτύπων και η Εισαγωγή των Ελληνικών Λογιστικών Προτύπων Μαριλένα Αθανασάκη, Ελληνικό Ανοιχτό Πανεπιστήμιο, Ελλάδα Αυγουστίνος Δημητράς, Ελληνικό Ανοιχτό Πανεπιστήμιο, Ελλάδα Κωνσταντίνος Στεφάνου, ΤΕΙ Θεσσαλονίκης, Ελλάδα 20
ΣΑΒΒΑΤΟ 19 ΔΕΚΕΜΒΡΙΟΥ 2015 Reporting Delay for Start-up Firms: Evidence from Greek Firms Vasileios Zisis, University of Piraeus, Session 14: Financial Economics 14:30-15:45 Αίθουσα Α-1 Stephanos Papadamou, University of Thessaly, Assessing Variations in Foreign Direct Investments under IFRS Adoption, Macro-Financial Developments and Credit Ratings Evangelos Daskalopoulos, University of Patras, Athanasios Tsagkanos, University of Patras, Anastasios Evgenidis, University of Patras, Costas Siriopoulos, Zayed University, UAE Quantitative Easing Effects on Commercial Bank Liability and Government Yields in UK: A Threshold Cointegration Approach Stephanos Papadamou, University of Thessaly, Eleftherios Spyromitros, Democritus University of Thrace, Nikolaos A. Kyriazis, University of Thessaly, Unconventional Monetary Policy Announcements and Risk Aversion: Evidence from US and European Equity Markets Athanasios P. Fassas, City College, Stephanos Papadamou, University of Thessaly, Session 15: Managerial Accounting 14:30-15:45 Αίθουσα Α-2 Apostolos Ballas, Athens University of Economics & Business, A Survey of Factors Influencing Strategic Management Accounting System Design in a Service Context Odysseas Pavlatos, Hellenic Open University, The Effect of Strategy and Managerial Ability on Asymmetric Cost Behavior Apostolos Ballas, Athens University of Economics & Business, Vassilios-Christos Naoum, Athens University of Economics & Business, Orestes Vlismas, Athens University of Economics & Business, Προϋποθέσεις Επιτυχημένης Επιλογής Κοστολογικής Προσέγγισης Μελέτη Ελληνικών Βιομηχανικών Επιχειρήσεων Ευδοκία Τσιφόρα, Τεχνολογικό Εκπαιδευτικό Ίδρυμα Θεσσαλίας, Ελλάδα Πρόδρομος Χατζόγλου, Δημοκρίτειο Πανεπιστήμιο Θράκης, Ελλάδα 21
ΑΝΑΛΥΤΙΚΟ ΠΡΟΓΡΑΜΜΑ Session 16: Special Issues in Accounting 15:45-17:00 Αμφιθέατρο "Σάκης Καράγιωργας ΙΙ" Konstantinos Liapis, Panteion University of Social and Political Sciences, Accounting Information System vs Techno-Economic Aspects [challenges, new trends & hypes (CC, BYOD, IoT)] Stamatios Passas, Panteion University of Social and Political Sciences, Ioannis Filos, Panteion University of Social and Political Studies, Athens, IFRS Framework/ EU Directives and their Effect in Investment Decisions: Evidence from the Greek Food & Drink Sector on the Athens Stock Exchange Maria Dimitriou, University of Macedonia, Factors affecting the Risk of Material Misstatement Stamatios Dritsas, Panteion University of Social and Political Sciences, George Petrakos, Panteion University of Social and Political Sciences, Elementary Counting and Recording Systems In Greek Neolithic? Marie Pyrgaki, Panthéon - Sorbonne, Paris and Hellenic Open University, Session 17: Special Issues in Finance 15:45-17:00 Αμφιθέατρο 3 Andreas Andrikopoulos, University of the Aegean, Social Networks in Finance: Coauthors and Subauthors in the Journal of Finance Andreas Andrikopoulos, University of the Aegean, Labriana Economou, University of the Aegean, Latent Semantic Analysis of Corporate Social Responsibility Reports (with an Application to Hellenic firms) Ioanna Kountouri, Athens University of Economics and Business, Eleftherios Manousakis, Athens University of Economics and Business, Andrianos E. Tsekrekos, Athens University of Economics and Business, Η Θέση των Ελληνικών Περιφερειών σε Σχέση με τις Περιφέρειες της ΕΕ μέσα από ένα Σύστημα Δεικτών Φωτεινή Οικονόμου, Κέντρο Προγραμματισμού και Οικονομικών Ερευνών (ΚΕΠΕ), Ελλάδα Involuntary Delisting in the Athens Stock Exchange. Initial Public Offerings (I.P.O.) 1996-2006 and the International and Greek Debt Crisis Effect in Year 2010 Ioannis K. Giannoulis, Technological Educational Institute of Crete, 22
ΣΑΒΒΑΤΟ 19 ΔΕΚΕΜΒΡΙΟΥ 2015 Session 18: Taxation 15:45-17:00 Αμφιθέατρο 3 Prodromos Chatzoglou, Democritus University of Thrace, Η Σπουδαιότητα του Παράγοντα Εμπιστοσύνη στην Φορολογική Ηθική των Ελλήνων Φορολογουμένων. Εμπειρική Μελέτη Κωνσταντίνος Φωτιάδης, Δημοκρίτειο Πανεπιστήμιο Θράκης, Ελλάδα Πρόδρομος Χατζόγλου, Δημοκρίτειο Πανεπιστήμιο Θράκης, Ελλάδα Tax Credit Carryforwards and Corporate Governance Attributes: Evidence from the Athens Stock Exchange Evangelos Chytis, Technological Educational Institute of Epirus, Mihalis Diakomihalis, Technological Educational Institute of Epirus, Διερεύνηση της Φορολογικής Πολιτικής των Επιχειρήσεων με βάση τα Στοιχεία των Οικονομικών Καταστάσεων: Η Περίπτωση των Εισηγμένων Εταιριών στο Χ.Α. Αναστασία Ζέρβα, Πάντειο Πανεπιστήμιο Κοινωνικών και Πολιτικών Επιστημών, Ελλάδα Αναστάσιος Τσάμης, Πάντειο Πανεπιστήμιο Κοινωνικών και Πολιτικών Επιστημών, Ελλάδα Ιωάννης Φίλος, Πάντειο Πανεπιστήμιο Κοινωνικών και Πολιτικών Επιστημών, Ελλάδα Μαρία-Ελένη Αγοράκη, Πάντειο Πανεπιστήμιο Κοινωνικών και Πολιτικών Επιστημών, Ελλάδα Session 19: PhD Session 15:45-17:00 Αίθουσα Α-1 Michalis Bekiaris, University of the Aegean, Could even the Simplest Trading Rules Improve the Value At Risk Estimations? A Note and Empirical Evidence from the Greek Stock Market. Evangelos Vasileiou, University of the Aegean, Fraud Gaps in Audit Expectations. Is it a Past Story or to be Continued? Konstantinos A. Papastergiou, Athens University of Economic and Business, Εκτίμηση της Αξίας σε Κίνδυνο και του Συστηματικού Κινδύνου του Ελληνικού Τραπεζικού Συστήματος: "Επενδυτική Ευκαιρία ή Επενδυτικό Ναρκοπέδιο" Απόστολος Ζήνας, Αριστοτέλειο Πανεπιστήμιο Θεσσαλονίκης, Ελλάδα Χρήστος Κυπραίου, Αριστοτέλειο Πανεπιστήμιο Θεσσαλονίκης, Ελλάδα 23
Αίθουσα Τελετών "Αριστοτέλης" Αμφιθέατρο "Σάκης Καράγιωργας ΙΙ" Κτίριο Διοίκησης (Κτίριο 1) Νέο Κτήριο (Κτήριο3) Αμφιθέατρο 2 Νέο Κτήριο (Κτήριο 3) Αμφιθέατρο 3 Νέο Κτήριο (Κτήριο 3) Αίθουσα Α-1 Νέο Κτήριο (Κτήριο 3) (Α όροφος) Αίθουσα Α-2 Νέο Κτήριο (Κτήριο 3) (Α όροφος) Τόπος Διεξαγωγής Τμήμα Δημόσιας Διοίκησης Σχολή Επιστημών Οικονομίας και Δημόσιας Διοίκησης 24