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Home News Research seminar 10
Research seminar 10

IHU 
School of Economics and Business Administration
International Hellenic University

Research Seminar Series

Friday, February 10, 2012,
Time: 16:00-17:00
International Hellenic University, Lecture Room A1

Seminar Title
"EFFICIENT CORPORATE GOVERNANCE MECHANISMS
An Application to the Shipping Business"


Associate Professor Theodoros Syriopoulos
School of Business Studies, University of the Aegean

The School of Economics and Business Administration of the International Hellenic University (IHU) would like to invite you to the next presentation in the Research Seminar Series. Theodoros Syriopoulos, Associate Professor at the University of the Aegean, School of Business Studies, will provide a talk on “Efficient Corporate Governance Mechanisms – An Application to the Shipping Business”.

The purpose of the Research Seminar Series is to bring together the academic and business community by presenting contemporary research topics in Finance, Business, Marketing, Accounting and Economics, among others. Through these seminars, as an international centre of knowledge, innovation and research, at the crossroads of Southern Europe, the IHU attempts to further strengthen its strategic role in academic excellence. Drawing on the experience of outstanding Greek and international academics, working papers are presented on a regular basis, with the aim of establishing a meeting point for active researchers.

 

Speaker information:

Prof. Theodore Syriopoulos is currently Associate Professor of Finance at the University of Aegean, School of Business Studies, Shipping, Trade & Transport Dpt. (since 2003). He holds the same post at Audencia Nantes Ecole de Management (Finance Dpt.), France, since 2009. He is also Visiting Professor of Finance at the University of Newcastle, UK; Athens University of Economics and Business; Hellenic Open University and the International Hellenic University. He holds a Ph.D. in Economics and M.A. in Development Economics, both from the University of Kent at Canterbury, UK; and a B.A. in Economics, University of Piraeus.

Prior to embarking upon his academic career path, Prof. Th. Syriopoulos has gained professional experience, for more than fifteen years, serving in a number of top managerial positions in banking, investment, asset management and corporate finance business. He has served as the Athens Stock Exchange Representative in the Federation of European Stock Exchanges and the International Money Laundering Committee and FATF Organizations. He participates as a Finance Expert in international round tables, workgroups, conferences and venues and has delivered executive lectures to capital market managers. He publishes regularly in international academic journals, including Journal of International Financial Markets, Institutions & Money, Journal of Multinational Financial Management, Applied Financial Economics, International Review of Financial Analysis, European Journal of Economics and Finance, Journal of Economics and Finance, Maritime Policy & Management, and Applied Economics, inter alia. He has also contributed in a number of books and chapters in edited volumes and is a frequent financial press correspondent. Academic fields of interest include applied corporate financial management, shipping finance, capital markets and fund raising, portfolio allocation and risk management, mergers & acquisitions and corporate governance.

 

Working paper's short abstract:

The paper examines the impact of efficient corporate governance mechanisms on the financial performance of the shipping firms. Further, attention is paid to the mechanism of CEO duality / separation (that is separation or not of the Board of Directors' Chairman and CEO positions). The agency theory of the firm and the stewardship theory suggest diverging arguments as to the implications of the duality / separation governance mechanism. Based on this framework, the paper investigates the hypothesis of CEO duality /separation as an efficient governance mechanism and its impact on shipping firms' financial performance. This issue has not been investigated in the shipping sector before. A cross-section panel data methodology is employed. It is found that a number of shipping firms adopt the separation of CEO and Chairman positions as a governance measure which can exert a positive impact on firms’ financial performance. Further empirical research on these issues would be useful.

If you wish to download the working paper’s extended abstract and presentation please follow the two links:

Extended abstract

Presentation

 

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