Staff profile

I joined the Business School at Durham University as a Lecturer in Finance in 2008. I completed my PhD at the University of Cyprus, where I also worked as a Research Associate. I teach Derivatives Markets for postgraduate programs and Financial Theory and Corporate Policy for undergraduate programs.

Chapter in book

• Option Pricing and Trading with Artificial Neural Networks and Advanced Parametric Models with Implied Parameters.
  
  Andreou, P., Charalambous, C., & Martzoukos, S. (2004). Option Pricing and Trading with Artificial Neural Networks and Advanced Parametric Models with Implied Parameters. In Proceedings of the IEEE International Joint Conference on Neural Networks, 2004.. Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/ijcnn.2004.1381086
• Critical Assessment of Option Pricing Methods Using Artificial Neural Networks.
  
  Andreou, P., Charalambous, C., & Martzoukos, S. (2002). Critical Assessment of Option Pricing Methods Using Artificial Neural Networks. In J. Dorronsoro (Ed.), Artificial Neural Networks — ICANN 2002 (pp. 1131-1136). Springer Verlag. https://doi.org/10.1007/3-540-46084-5_183

Conference Paper

• European Option Pricing by Using the Support Vector Regression Approach
  
  Andreou, P., Charalambous, C., & Martzoukos, S. (2009). European Option Pricing by Using the Support Vector Regression Approach. In Artificial neural networks – ICANN 2009 : 19th international conference, Limassol, Cypros, September 14-17, 2009 : proceedings. Part I. (pp. 874-883). Springer Verlag. https://doi.org/10.1007/978-3-642-04274-4_90

Journal Article

• Customer Orientation and Stock Resilience During Adversity Periods
  
  Andreou, P., Lambertides, N., Trigeorgis, L., & Tuneshev, R. (2025). Customer Orientation and Stock Resilience During Adversity Periods. Journal of Corporate Finance, 93, Article 102780. https://doi.org/10.1016/j.jcorpfin.2025.102780
• Technology rhetoric and institutional ownership
  
  Andreou, P. C., Drivas, K., Philip, D., & Wood, G. (2025). Technology rhetoric and institutional ownership. Cambridge Journal of Economics, 49(1), 67-93. https://doi.org/10.1093/cje/beae035
• Financial literacy for financial resilience: Evidence from Cyprus during the pandemic period
  
  Andreou, P., Anyfantaki, S., & Atkinson, A. (2023). Financial literacy for financial resilience: Evidence from Cyprus during the pandemic period. Cyprus Economic Policy Review, 17(1), 27-54.
• A critique of the agency theory viewpoint of stock price crash risk: The opacity and overinvestment channels
  
  Andreou, P. C., Lambertides, N., & Magidou, M. (2023). A critique of the agency theory viewpoint of stock price crash risk: The opacity and overinvestment channels. British Journal of Management, 34(4), 2158-2185. https://doi.org/10.1111/1467-8551.12693
• Extremal quantiles and stock price crashes
  
  Andreou, P., Anyfantaki, S., Maasoumi, E., & Sala, C. (2023). Extremal quantiles and stock price crashes. Econometric Reviews, 42(9-10), 703-724. https://doi.org/10.1080/07474938.2023.2241223
• Institutional ownership and firms’ thrust to compete
  
  Andreou, P. C., Fiordelisi, F., Harris, T., & Philip, D. (2022). Institutional ownership and firms’ thrust to compete. British Journal of Management, 33(3), 1346-1370. https://doi.org/10.1111/1467-8551.12496
• Financial literacy and its influence on internet banking behaviour
  
  Andreou, P. C., & Anyfantaki, S. (2021). Financial literacy and its influence on internet banking behaviour. European Management Journal, 39(5), 658-674. https://doi.org/10.1016/j.emj.2020.12.001
• Corporate Environmental Proactivity: Evidence from the European Union’s Emissions Trading System
  
  Andreou, P., & Kellard, N. (2021). Corporate Environmental Proactivity: Evidence from the European Union’s Emissions Trading System. British Journal of Management, 32(3), 630-647. https://doi.org/10.1111/1467-8551.12356
• Financial Distress Risk and Stock Price Crashes
  
  Andreou, C. K., Andreou, P. C., & Lambertides, N. (2021). Financial Distress Risk and Stock Price Crashes. Journal of Corporate Finance, 67, Article 101870. https://doi.org/10.1016/j.jcorpfin.2020.101870
• Dispersion in options investors' versus analysts' expectations: Predictive inference for stock returns
  
  Andreou, P., Kagkadis, A., Maio, P., & Philip, D. (2021). Dispersion in options investors’ versus analysts’ expectations: Predictive inference for stock returns. Critical Finance Review, 10(1), 65-81. https://doi.org/10.1561/104.00000091
• Measuring firms' market orientation using textual analysis of 10-K filings
  
  Andreou, P., Harris, T., & Philip, D. (2020). Measuring firms’ market orientation using textual analysis of 10-K filings. British Journal of Management, 31(4), 8725-895. https://doi.org/10.1111/1467-8551.12391
• The information content of forward moments
  
  Andreou, P., Kagkadis, A., Philip, D., & Taamouti, A. (2019). The information content of forward moments. Journal of Banking and Finance, 106, 527-541. https://doi.org/10.1016/j.jbankfin.2019.07.021
• CEO duality, agency costs, and internal capital allocation efficiency
  
  Aktas, N., Andreou, P., Karasamani, I., & Philip, D. (2019). CEO duality, agency costs, and internal capital allocation efficiency. British Journal of Management, 30(2), 473-493. https://doi.org/10.1111/1467-8551.12277
• Valuation Effects of Overconfident CEOs on Corporate Diversification and Refocusing Decisions
  
  Andreou, P. C., Doukas, J. A., Koursaros, D., & Louca, C. (2019). Valuation Effects of Overconfident CEOs on Corporate Diversification and Refocusing Decisions. Journal of Banking and Finance, 100, 182-204. https://doi.org/10.1016/j.jbankfin.2019.01.009
• Financial knowledge among university students and implications for personal debt and fraudulent investments
  
  Andreou, P., & Philip, D. (2018). Financial knowledge among university students and implications for personal debt and fraudulent investments. Cyprus Economic Policy Review, 12(2), 3-23.
• Managerial overconfidence and the buyback anomaly
  
  Andreou, P., Cooper, I., García de Olalla, I., & Louca, C. (2018). Managerial overconfidence and the buyback anomaly. Journal of Empirical Finance, 49, 142-156. https://doi.org/10.1016/j.jempfin.2018.09.005
• Differences in options investors' expectations and the cross-section of stock returns
  
  Andreou, P., Kagkadis, A., Philip, D., & Tuneshev, T. (2018). Differences in options investors’ expectations and the cross-section of stock returns. Journal of Banking and Finance, 94, 315-336. https://doi.org/10.1016/j.jbankfin.2018.07.016
• The impact of managerial ability on crisis-period corporate investment
  
  Andreou, P., Karasamani, I., Louca, C., & Ehrlich, D. (2017). The impact of managerial ability on crisis-period corporate investment. Journal of Business Research, 79, 107-122. https://doi.org/10.1016/j.jbusres.2017.05.022
• CEO Age and Stock Price Crash Risk
  
  Andreou, P., Christodoulos, L., & Andreas, P. (2017). CEO Age and Stock Price Crash Risk. Review of Finance, 21(3), 1287-1325. https://doi.org/10.1093/rof/rfw056
• Bank loan loss accounting treatments, credit cycles and crash risk
  
  Andreou, P., Cooper, I., Louca, C., & Philip, D. (2017). Bank loan loss accounting treatments, credit cycles and crash risk. British Accounting Review, 49(5), 474-492. https://doi.org/10.1016/j.bar.2017.03.002
• Corporate Governance and Firm-specific Stock Price Crashes
  
  Andreou, P., Antoniou, C., Horton, J., & Louca, C. (2016). Corporate Governance and Firm-specific Stock Price Crashes. European Financial Management, 22(5), 916-956. https://doi.org/10.1111/eufm.12084
• Short‐Horizon Event Study Estimation with a STAR Model and Real Contaminated Events
  
  Andreou, P., Louca, C., & Savva, C. (2016). Short‐Horizon Event Study Estimation with a STAR Model and Real Contaminated Events. Review of Quantitative Finance and Accounting, 47(3), 673-697. https://doi.org/10.1007/s11156-015-0515-3
• Organizational Learning and Corporate Diversification Performance
  
  Andreou, P., Louca, C., & Petrou, A. (2016). Organizational Learning and Corporate Diversification Performance. Journal of Business Research, 69(9), 3270-3284. https://doi.org/10.1016/j.jbusres.2016.02.022
• Bank liquidity creation and risk-taking: Does managerial ability matter?
  
  Andreou, P., Philip, D., & Robejsek, P. (2016). Bank liquidity creation and risk-taking: Does managerial ability matter?. Journal of Business Finance and Accounting, 43(1-2), 226-259. https://doi.org/10.1111/jbfa.12169
• Effects of market default risk on index option risk-neutral moments
  
  Andreou, P. (2015). Effects of market default risk on index option risk-neutral moments. Quantitative Finance, 15(12), 2021-2040. https://doi.org/10.1080/14697688.2014.1000367
• Assessing the performance of symmetric and assymetric implied volatility functions
  
  Andreou, P., Charalambous, C., & Martzoukos, S. (2014). Assessing the performance of symmetric and assymetric implied volatility functions. Review of Quantitative Finance and Accounting, 42(3), 373-397. https://doi.org/10.1007/s11156-013-0346-z
• Generalized parameter functions for option pricing
  
  Andreou, P., Charalambous, C., & Martzoukos, S. (2010). Generalized parameter functions for option pricing. Journal of Banking and Finance, 34(3), 633-646. https://doi.org/10.1016/j.jbankfin.2009.08.027
• Empirical Investigation of Stock Index Futures Market Efficiency: The Case of the Athens Derivatives Exchange
  
  Andreou, P., & Pierides, Y. (2008). Empirical Investigation of Stock Index Futures Market Efficiency: The Case of the Athens Derivatives Exchange. European Journal of Finance, 14(3), 211-223. https://doi.org/10.1080/13518470801890768
• Pricing and Trading European Options by Combining Artificial Neural Networks and Parametric Models with Implied Parameters
  
  Andreou, P., Charalambous, C., & Martzoukos, S. (2008). Pricing and Trading European Options by Combining Artificial Neural Networks and Parametric Models with Implied Parameters. European Journal of Operational Research, 185(3), 1415-1433. https://doi.org/10.1016/j.ejor.2005.03.081
• Robust Artificial Neural Networks for Pricing of European Options.
  
  Andreou, P., Charalambous, C., & Martzoukos, S. (2006). Robust Artificial Neural Networks for Pricing of European Options. Computational Economics, 27(2-3), 329-351. https://doi.org/10.1007/s10614-006-9030-x
• Trade Opportunities for the Athens Derivatives Exchange.
  
  Andreou, P., & Pierides, Y. (2004). Trade Opportunities for the Athens Derivatives Exchange. Derivatives Use Trading & Regulation, 10(3), 268-282.

Working Paper

• Financial literacy and its influence on consumers’ internet banking behaviour
  
  Andreou, P. C., & Anyfantaki, S. (2019). Financial literacy and its influence on consumers’ internet banking behaviour.