Staff

Dr Leonidas Barbopoulos joined the School of Economics and Finance at the University of St Andrews as a Lecturer in September 2008. Prior to this he worked as a member of Teaching Faculty at the University of Durham, whilst studying for his PhD in Economics. He has also obtained an MSc in Economics and Finance from the University of Durham. At Durham, he taught on a wide range of courses in Economics, Finance, and Econometrics.

• EC5601 Investment Analysis
• EC5609 Financial Econometrics (PMT)
• EC5610 Mergers & Acquisitions (PMT)
• EC5701 Neoclassical Finance

Dr Barbopoulos' main research interests lie primarily in the fields of Applied Time Series Econometrics, Asset Pricing, and Foreign Direct Investment (FDI). Research in the field of Applied Time Series Econometrics concentrates on the limited distribution theory for stationary and non-stationary time series, particularly in cases of single or serial time-breaks in the innovation variance. Research in the field of FDI focuses primarily on the effects of dynamic structure of macroeconomic variables on the performance and direction of FDI. Other research interests concentrate on the theory of value ambiguity and asset pricing.

1. Barbopoulos, L., Sudarsanam, S., 'Determinants of Earnout as Acquisition Payment Currency and Bidder's Value Gains', Journal of Banking and Finance 36, 2012, 678-694.
2. Barbopoulos, L., Paudyal, K., Pescetto, G., 'Legal Systems and Gains from Cross-Border Acquisitions', Journal of Business Research, forthcoming.

1. 'The Valuation Effects of Earnouts in Mergers and Acquisitions of US Financial Institutions', (with John O.S. Wilson). Under Review.
2. 'Aggregate Economic Conditions and Gains from Acquisitions'. Working Paper.
3. 'Corporate Mergers, the Business Cycle, and Gains from Acquisitions', (with Gioia Pescetto). Working Paper.
4. 'Earnout Agreements in Domestic versus Cross-Border Acquisitions and Bidders’ Returns', (with Krishna Paudyal and Sudi Sudarsanam). Working Paper.
5. 'On the Characteristics and Behaviour of Metal Prices on the LME: A Non-Parametric Assessment of Market Efficiency' (with Everton Dockery). Working Paper.
6. 'The Presence and Terms of Earnouts in the UK Market of Corporate Control', (with Samer Adra). Working Paper.
7. 'Value Ambiguity and Gains from Acquisitions with Unlisted Targets' (with Krishna Paudyal and Gioia Pescetto). Working Paper. CRIEFF Discussion Paper 0810.