Staff

Before joining the School of Economics & Finance at the University of St Andrews, Leonidas worked as a member of the Academic 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.

• 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.

• Higher Education Academy
• European Financial Management Association (EFMA)
• Southwestern Finance Association (SWFA)
• Western Finance Association (WFA)

European Financial Management Association (EFMA), Vienna, Austria, June 2007 | Durham International Symposium on Financial Modelling, Institute of Advanced Study, Durham, UK, September 2007 | European Financial Management Association (EFMA), Athens, Greece, June 2008 | European Financial Management Association (EFMA), Milan, Italy, June 2009 | Audencia School of Management, Nantes, France, July 2009 | INFINITI Conference in International Finance, Dublin, Ireland, June 2010 | Multinational Finance Society (MFS), Barcelona, Spain, June 2010 | European Financial Management Association (EFMA), Aarhus, Denmark, June 2010 | International Conference in Global Trends in the Efficiency and Risk Management of Financial Services, Chania, Greece, July 2010 | Business and Economics Society International (BESI), Athens, Greece, July 2010 | University of Glasgow, Business School, Accounting and Finance Division, Glasgow, UK, November 2010 | INFINITI Conference in International Finance, Dublin, Ireland, June 2011 | World Finance Conference (WFC), Rhodes, Greece, June 2011 | European Financial Management Association (EFMA), Braga, Portugal, June 2011 | Financial Management Association (FMA), Denver, Colorado (CO), USA, October 2011 | INFINITI Conference in International Finance, Dublin, Ireland, June 2012 | 4th International IFABS Conference, Valencia, Spain, June 2012 | Behavioural Finance Working Group and M&A Research Centre Conference, Cass Business School, London, UK, July 2012 | Computational and Financial Econometrics, December 2012, Oviedo, Spain | King’s College London, School of Management, London, UK, January 2013 | Luxembourg School of Finance (LSF), Luxembourg, March 2013 | Southwestern Finance Association (SWFA), Albuquerque, New Mexico (NM), USA, March 2013 (Best Paper Award in Corporate Finance) | INFINITI Conference in International Finance, Marseille, France, June 2013 | Western Finance Association (WFA), Incline Village, Nevada (NV), USA, June 2013.