Educational Background.
He holds a Ph.D. in Business Administration (Finance/Quantitative Methods, 1995) from the George Washington University, U.S.A., an M.B.A. (Finance, 1989) from U. of Rhode Island, U.S.A., and a B.Sc./M.Sc. (1982) from the National Technical University, Greece.

Positions Held.
He has been teaching finance at the undergraduate and graduate level in the University of Cyprus (since 1998) where he also serves as a coordinator of the MSc in Finance program; and the George Washington University. He has been an academic visitor to U. of Cambridge and ETH-Zurich, and has also acted as a consultant for the World Bank and the international banking sector.

Academic Recognition.
He has participated in the organization of many international conferences and has refereed for many journals, including Management Science, J. of Economic Dynamics and Control, J. of Banking and Finance, Financial Management, European J. of Operational Research, etc. He has also been coordinator of several research projects funded from the U. of Cyprus and the Cyprus Research Promotion Foundation and has been academic (thesis) advisor for three PhD students and many master students. His research has been referenced in many academic journals, technical reports and PhD dissertations and has been invited for presentation in many Universities including U. of Cambridge, ETH-Zurich, U. of Manchester, the Newton Institute at the U. of Cambridge, and Institutions like the Office of Naval Research, USA, the World Bank, FHLMC, USA.

His main area is in Real Options (Valuation of Investment Options and Optimal Decision-Making) with specific interests in Conditions of Incomplete Information (Noisy Assets), Learning-like Exploration, R&D, Experimentation, and/or Control Resulting from Strategic Managerial Actions; Game Theoretic Approaches to R&D and Strategic Expansion Decisions; The Impact of Hysteresis (Path-Dependency) Inducing Switching Costs; Debt/Equity Valuation, Capital Structure, and Interaction with Managerial Control Actions and (Endogenous/Exogenous) Debt Constraints with Differential Information.

He is also interested in Financial Option Pricing (Computational Finance, Financial Engineering, and Empirical Derivatives Research) with specific interests in Complex Option Contracts with Exchange Rate Risks; Multivariate Contingent Claims (Real and Financial Options) on Foreign Assets with Jump-diffusion Processes; Empirical Option Pricing Combining Parametric and Non Parametric Methods, Optimization and Implied Parameters; Smile-Consistent Implied Trees and Implied Trees for Non-Markovian Processes; and Interest Rate Contingent Claims (Riskless and Credit-Risky Option Embedded Bonds) with Imperfect Markets (Transaction Costs of Refinancing).

Selected Recent Journal Articles.

Multi-Stage Product Development with Exploration, Value-Enhancing, Pre-Emptive and Innovation Options (2012). Conditionally accepted, Journal of Banking and Finance, (with Nicos Koussis and Lenos Trigeorgis).

Real Option Games with Incomplete Information and Spillovers (2012). Conditionally accepted, OMEGA (with Eleftherios Zacharias).

Generalized Parameter Functions for Option Pricing. Journal of Banking and Finance 34, 633-646, 2010(with Panayiotis Andreou and Chris Charalambous).

Real R&D Options with Incomplete Information and Optimal Activation of Two-dimensional Random Controls. Journal of the Operational Research Society 60, 843-858, 2009.

Implied Non-recombining Trees and Calibration for the Volatility Smile. Quantitative Finance 7, 459-472, 2007 (with Chris Charalambous, Nikos Christofides, and Eleni Constandinide). Reprinted in “Quantitative Fund Management”, editors Dempster, Pflug and Mitra, Taylor & Francis, ch. 20, 425-450, 2008.

Pricing and Trading European Options by Combining Artificial Neural Networks and Parametric Models with Implied Parameters. European Journal of Operational Research 185, 1415-1433, 2008 (with Panayiotis Andreou and Chris Charalambous).

Real R&D Options with Time-to-Learn and Learning-by-doing. Annals of Operations Research 151, 29-55, 2007, (with Nicos Koussis and Lenos Trigeorgis).

Robust Artificial Neural Networks for Pricing of European Options. Computational Economics 27, 329-351, 2006, (with Panayiotis Andreou and Chris Charalambous).

Hybrid Artificial Neural Networks for Efficient Valuation of Real Options and Financial Derivatives. Computational Management Science 2, 155-161, 2005, (with Chris Charalambous).

Contingent Claims on Foreign Assets Following Jump-diffusion Processes. Review of Derivatives Research 6, 27-46, 2003. The paper was included in the free promotion issue of the journal (2003).


Monographs

Decision Making under Uncertainty – An Option Valuation Approach to Power Planning. PRE Energy Series Paper 39, The World Bank, 1991, (with Enrique Crousillat).

In Edited Books

Real Options with Random Controls, Rare Events, and Risk-to-Ruin (2007). In Optimization, Econometric and Financial Analysis. Springer – Advances on Computational Management Science Series, Vol. 9 (with Nicos Koussis and Lenos Trigeorgis).

Real R&D Options with Endogenous and Exogenous Learning. In Dean Paxson (ed.) Real R&D Options, Butterworth-Heinemann (Quantitative Finance Series), Oxford, 111-129, 2003.