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Personal profile

Research Interests

My main research field is empirical finance.  Almost all of my published work is on different aspects of asset pricing models, volatility and of macro-finance, the study of the interactions between the financial and 'real' markets. Further in the theme of macro-finance my recent publications are addressing the implications of exogenous factors in bond risk premia, and the importance of financial market developments for the macroeconomic outlook adopted by professional forecasters.

In the light of the traumatic experiences of 2008 this is now a very promising area of research interest having enjoyed very rapid growth.

 

The recent crisis highlighted the possible inadequacies of the dominant pricing models and our lack of understanding of governance of financial institutions. With one of my current PhD students we are working in this area as bank governance, risk taking and credit rating agencies as their interaction was deemed a major issue during the crisis.

  I am also working in refining linear pricing models by establishing the factor’s structure necessary for efficient pricing under different imperfections and limitations. 

 

I have developed an interest in the economics of information security, with emphasis on the issues of cyber-security. With my colleagues from the Departments of Computer Science (UCL, Bath) we were able to develop behavioural models, addressing the issues of cybersecurity, leading to the development of improved security policies and institutional regulatory design

Qualifications

BA (Hons) Economics (Athens)

MSc Economics (London)

MA Econometrics (Manchester) 

Ph.D. (Liverpool) 

General

Christos Ioannidis joined the Department of Economics, Finance and Entrepreneurship at Aston Business School as Professor of Entrepreneurial Finance in 2016. He has previously held posts at The University of Bath, Cardiff Business School, University of Liverpool and Brunel University.

He held the position of Head of Department of Economics and Finance from 2000-2004 in Brunel and subsequently became Head of Section Accounting and Finance in the School of Management of the University of Bath until 2009. From 2010-2014 he served as Head of the Department of Economics of the University of Bath.

 

He is an honorary Professor in the Department of Computer Science in UCL and adjunct Professor in the “École Nationale Supérieure du Pétrole et des Moteurs” IFP in Franceand “Vienna University of Economics and Business” WU. He has served a consultant to the ‘Hellenic Quality Assurance and Accreditation Agency ‘HQA. He is a member of the college reviewers for the ESRC and reviews occasionally for EPSRC and other funding organisations.

His publications current and forthcoming cover international transmission of economic shocks, inflation, macroeconomic forecasting, financial and credit markets, liquidity and models of asset price volatility. They are in journals such as Journal of Econometrics,  The Journal of Money Credit and Banking, Journal of Financial and Quantitative Analysis, The European Journal of Operations Research, Economics Letters, Journal of Futures Markets, Journal of Forecasting, Omega, The European Journal of Finance, International  Journal Forecasting  and others. He has attracted in excess of £300k of grants and acted as consultant to private enterprises.

He has taught modules in Financial Management, Business and Government, Finance and Financial Econometrics at Undergraduate, MSc and MBA levels whist in the University of Bath , Brunel and Cardiff

 

He has supervised a number of graduate students who have completed their theses at the PhD level.

 

Research Projects/Collaborations

Recent publications include:

Ioannidis (with I. Tonks T. Caulfield and D.Blake, (2017)) “New Evidence on Mutual Fund Performance: A Comparison of Alternative Bootstrap Methods” Journal of Financial and Quantitative Analysis

Ioannidis (with G. Calice and R. Miao (2016)) “A Markov Switching Unobserved Component Analysis of the CDX Index Term Premium” Journal of International Financial Analysis

Ioannidis (With Julian Williams, and David Pym (2017)), Contagion in Cybersecurity AttacksJournal of the Operations Research Society

Ioannidis (with Julian Williams and David Pym (2018)) “Resilience in Information Stewardship” accepted European Journal of Operations Research

Ioannidis (with Kook Ka (2018)) “The impact of oil price shocks on the term structure of interest rates” Energy Economics

Ioannidis (with G. Diakogiannis (2019)):Linear Beta Pricing with Inefficient Benchmarks in a Given Factor Structure“. European Journal of Finance

Ioannidis(with Kook Ka and Bruno Deschamps (2019)) “High-Frequency Financial Information and Macroeconomic Forecast Revision” International Journal of Forecasting

Ioannidis (with Kook Ka (2019)): “Economic Policy Uncertainty and Bond Risk Premia”

Teaching Activity

BFM 166 Financial Econometrics (MSc)

BNM 839 Quantitative Methods (PhD)

External Connections and Partnerships

He is an honorary Professor in the Department of Computer Science in UCL and adjunct Professor in the “École Nationale Supérieure du Pétrole et des Moteurs” IFP in Franceand “Vienna University of Economics and Business” WU. He has served a consultant to the ‘Hellenic Quality Assurance and Accreditation Agency ‘HQA. He is a member of the college reviewers for the ESRC and reviews occasionally for EPSRC and other funding organisations.

Consulting

Christos Ioannidis has acted as concultant to banks and professional associations in the private sector and public organisations

Contact Details

Phone: +44(0)121 204 3298
Email: c.ioannidis@aston.ac.uk
Room: SW907A

Fingerprint Dive into the research topics where Christos Ioannidis is active. These topic labels come from the works of this person. Together they form a unique fingerprint.

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Information security Business & Economics
Factors Business & Economics
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Finance Business & Economics
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Asset prices Business & Economics
Financial institutions Business & Economics

Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Research Output 2000 2019

High-frequency credit spread information and macroeconomic forecast revision

Deschamps, B., Ioannidis, C. & Ka, K., 4 Oct 2019, In : International Journal of Forecasting.

Research output: Contribution to journalArticle

Credit spreads
Forecast revisions
Macroeconomic forecasts
Credit
Economic conditions

Linear beta pricing with inefficient benchmarks in a given factor structure*

Diacogiannis, G. & Ioannidis, C., 16 Jul 2019, In : European Journal of Finance. 25, 16, p. 1551-1571 21 p.

Research output: Contribution to journalArticle

Open Access
Pricing
Risk factors
Benchmark
Factors
Expected returns

Resilience in Information Stewardship

Ioannidis, C., Pym, D., Williams, J. & Gheyas, I., 16 Oct 2018, In : European Journal of Operational Research.

Research output: Contribution to journalArticle

Resilience
Externalities
Target
Attribute
Critical Infrastructure

The Impact of Oil Price Shocks on the Term Structure of Interest Rates

Ioannidis, C. & Ka, K., 1 May 2018, In : Energy Economics. 72, p. 601-620

Research output: Contribution to journalArticle

Open Access
File
Oil price shocks
Oil markets
Oil
Term structure of interest rates
Oils

Contagion in cybersecurity attacks

Baldwin, A., Gheyas, I., Ioannidis, C., Pym, D. & Willams, J., Jul 2017, In : Journal of the Operational Research Society. 68, 7, p. 780-791 12 p.

Research output: Contribution to journalArticle

Open Access
File
Security of data
Security systems
Information systems
Managers
Servers