Staff

Before joining the School of Economics & Finance at the University of St Andrews, Leonidas worked as a member of Teaching Faculty at the University of Durham, whilst studying for his PhD in Economics. Leonidas 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)
• EC5611 Portfolio Theory and Management (PMT)

Applied Time Series Econometrics; Asset Pricing; 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 indicators 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 65, 2012, 1301-1312.

1. 'The Valuation Effects of Earnouts in Mergers and Acquisitions of US Financial Institutions', (with John O.S. Wilson), Under Revision.
2. 'Determinants of Gains from FDI in Emerging Markets', (with Andrew Marshall, Cameron MacInnes and Patrick McColgan), Under Revision.
3. 'Earnout Agreements in Corporate Acquisitions and Bidders’ Gains', (with Krishna Paudyal and Sudi Sudarsanam), Under Review.
4. 'Relative equity market valuations conditions and bidder’s returns', (with Gioia Pescetto), Under Review.
5. 'The Presence and Terms of Deferred Payments in M&A: Real Options as a Payment Currency', (with Samer Adra), Under Review.
6. 'Regulations and CBA Premium', (with Andrew Marshall and Krishna Paudyal), Working Paper.
7. 'On the Characteristics and Behaviour of Metal Prices on the LME: A Non-Parametric Assessment of Market Efficiency' (with Everton Dockery), Working Paper.
8. 'Value Ambiguity and Gains from Acquisitions with Unlisted Targets' (with Krishna Paudyal and Gioia Pescetto),Working Paper, CRIEFF Discussion Paper 0810.