Efstathios (Stathis) Magerakis is a teaching fellow at the Department of Economics of the University of Patras. He holds a holds a PhD in Economics from the same university, with dissertation title “Essays in financial accounting and corporate finance. Following a Bachelor’s degree in Economics, he has also obtained an MBA and a Master’s degree in Applied Economics and Data Analysis from the University of Patras, both awarded with distinction.
Stathis’ research interests sit at the intersection of accounting and finance, with a focus on how institutional, managerial, or firm-specific factors influence corporate policies and performance outcomes. His work has been published in referred journals such as the Journal of Corporate Finance, Journal of Applied Accounting Research, International Review of Finance, and Journal of Cleaner Production. He presents his research at several conferences such as the European Accounting Association (EAA), Financial Engineering & Banking Society (FEBS), and Hellenic Finance and Accounting Association (HFAA).
Stathis has experience teaching accounting and financial analysis at both undergraduate and graduate levels in classroom and online formats. He is a licensed certified accountant, experienced in accounting principles, and tax legislation, with proficiency in statistical data analysis packages (R, Stata, Excel), business intelligence software (Targit), accounting (SingularLogic and OTS family of applications), typesetting and markup language (Latex, Markdown). With professional experience as an accountant and financial consultant, he brings real-world insight into his teaching.
Stathis is a member of European Accounting Association, European Economic Association, British Accounting & Finance Accociation, and Financial Management Association.
PhD in Economics, 2022
University of Patras
Msc in Applied Economics and Data Analysis, 2017
University of Patras
Master in Business Administartion (MBA), 2015
University of Patras
BSc in Economics, 2005
University of Patras
Summary:
AJG (2024): One [ABS 4 ★★★★ ], Two [ABS 3 ★★★ ], Six [ABS 2 ★★], One [ABS1 ★].
ABDC (2022): One [A*], Four [A], Six [B], One [C].
Magerakis, E., & Habib, A. (2024). Organizational strategy, abnormal cash holdings, and future operating returns. Journal of Accounting Literature, ahead-of-print (ahead-of-print). https://doi.org/10.1108/JAL-03-2024-0036 (IF: 1.1, ABS: 3, ABDC: A).
Floros, C., Galariotis, E., Gkillas, K., Magerakis, E., & Zopounidis, C. (2024). Time-varying firm cash holding and economic policy uncertainty nexus: a quantile regression approach. Annals of Operations Research, 1-37. https://doi.org/10.1007/s10479-024-06176-1 (IF: 4.4, ABS: 3, ABDC: A).
Magerakis, E. , Pantzalis, C., & Park, J. C. (2023). The effect of proximity to political power on corporate cash policy. Journal of Corporate Finance, 82, 102448. https://doi.org/10.1016/j.jcorpfin.2023.102448 (IF: 6.1, ABS: 4, ABDC: A)*.
Magerakis, E. & Tzelepis, D. (2023). Corruption, cash holdings and firm performance: empirical evidence from an emerging market. Journal of Applied Accounting Research, 24(3), 483-507. https://doi.org/10.1108/JAAR-11-2021-0310 (IF: 3.0, ABS: 2, ABDC B).
Magerakis, E. (2022). The importance of managerial discretion on managerial ability–firm cash holding nexus. Management Decision, 60(12), 3275-3303. https://doi.org/10.1108/MD-07-2021-0991 (IF: 4.6, ABS: 2, ABDC: B).
Magerakis, E. (2022). Chief executive officer ability and cash holding decision. Review of Accounting and Finance, 21(5), 449-485. https://doi.org/10.1108/RAF-10-2021-0284 *(IF: 2.4, 2ABS- ABDC B).
Magerakis, E., & Habib, A. (2022). Environmental uncertainty and corporate cash holdings: The moderating role of CEO ability. International Review of Finance, 22(3), 402-432. https://doi.org/10.1111/irfi.12355 (IF: 1.7, ABDC: A).
Magerakis, E., Gkillas, K., Floros, C., & Peppas, G. (2021). Corporate R&D intensity and high cash holdings: post-crisis analysis. Operational Research, 22, 3767–3808. https://doi.org/10.1007/s12351-021-00660-3 (IF: 2.7, ABS: 1, ABDC: C).
Magerakis, E., & Habib, A. (2021). Business strategy and environmental inefficiency. Journal of Cleaner Production, 302, 127014. https://doi.org/10.1016/j.jclepro.2021.127014 (IF: 11.1, ABS: 2, ABDC A)
Magerakis, E. & Tzelepis, D. (2020). The impact of business strategy on corporate cash policy. Journal of Applied Accounting Research, 21(4), 677-699. https://doi.org/10.1108/JAAR-05-2019-0077 (IF: 3.0, ABS: 2, ABDC: B).
Magerakis, E., Gkillas, K., Tsagkanos, A., & Siriopoulos, C. (2020). Firm size does matter: New evidence on the determinants of cash holdings. Journal of Risk and Financial Management, 13(8), 163. MDPI AG. https://doi.org/10.3390/jrfm13080163 (IF: 2.8, ABDC B).
Magerakis, E. (2020). Corporate cash holdings and financial crisis: Evidence from the emerging market of Greece. International Journal of Managerial and Financial Accounting, 12(2), 186-215. https://doi.org/10.1504/IJMFA.2020.10031398 (IF: 1.4, ABS: 2, ABDC: B).
Magerakis, E., Siriopoulos, C., & Tsagkanos A. (2015). Cash holdings and firm characteristics: Evidence from UK market. Journal of Risk and Control, 2(1), 19-43.
Magerakis, E. (2024). Corporate tax avoidance under economic policy uncertainty. Does the quality of institutional governance matter?. https://www.researchsquare.com/article/rs-4609962/v1 (Under Review)
Magerakis, E. & Theodoraki, C. (2024). Environmental uncertainty and corporate performance: Can R&D investments provide a silver lining to this cloud? (Under Review)
Magerakis, E. (2024). Industry differences and their influence on why companies retain cash: The impact of the COVID-19 pandemic. (Under Review)
Magerakis, E. (2022). Essays in financial accounting and corporate finance (Doctoral dissertation, University of Patras, Greece. School of Economics and Business. Department of Economics).
Magerakis, E. (2017). The role of business strategy in corporate liquidity: Evidence from US firms (MSc Thesis, University of Patras, Greece. School of Economics and Business. Department of Economics).
Magerakis, E. (2015). Cash holdings and firm characteristics: Evidence from UK market (MBA Thesis, University of Patras, Greece. School of Economics and Business. Department of Business Administration.
Magerakis, E. (2024). Corporate tax avoidance under economic policy uncertainty: Does the quality of institutional governance matter? International Conference on Business & Economics 2024, Hellenic Open University, Athens, Greece, September 27-28.
Seremetis, K., Dimitras, A. A., Peppas, G., & Magerakis, E. (2024). Cash flows, accruals and corporate returns. International Conference on Business & Economics 2024, Hellenic Open University, Athens, Greece, September 27-28. *
Gkillas, K., Floros, C., Magerakis, E. (2022). Time-varying firm cash holding and economic policy uncertainty nexus: a quantile regression approach. 12th National Conference of the Financial Engineering and Banking Society (FEBS), Athens, Greece, December 19-20.*
Gkillas, K., Floros, C., Magerakis, E. (2022). Time-varying firm cash holding and economic policy uncertainty nexus: a quantile regression approach. The 94th meeting of the EURO working group on Multiple Criteria Decision Aiding (EWG-MCDA 94), Agios Nikolaos, Greece, September 15-17.*
Magerakis, E. & Tzelepis, D. (2021). Corruption, cash holdings and firm performance: Evidence from an emerging market. European Accounting Association 2020 Conference, Bucharest, Romania (postponed), Brussels, Belgium, Virtual Congress, 26 - 28 May 2021.
Magerakis, E. and Tzelepis, D. (2019). Corruption, cash holdings and firm performance: Evidence from an emerging market. 18th HFAA Conference, Athens, Greece, December 13-14.
Magerakis, E. and Tzelepis, D. (2018). Making the link: Cash holdings, managerial ability and discretion. 17th HFAA Conference, Athens, Greece, December 14-15.
Magerakis, E. and Tzelepis, D. (2018). The role of business strategy in corporate liquidity: Evidence from US firms. 7th IMAEF Meeting, Corfu, Greece, June 20-22.
Magerakis, E. and Tzelepis, D. (2017). The determinants of corporate cash holdings: Evidence from Greece. 16th HFAA Conference, Athens, Greece, December 15-16.
Magerakis, E. and Loukopoulos, P. (2016). Cash reserves and R&D investment effect: A UK intra-industry overview. 15th HFAA Conference, Athens, Greece, December 16-17.
Magerakis, E. (2015). Leadership ethics, CSR & change management. 12th Student Conference on Management Science and Technology, pp. 178–187, Athens, Greece, May 14.
Magerakis, E., Tsagkanos, A., and Siriopoulos, C. (2015). Corporate liquidity, firm size and the impact of financial crisis in UK market. 14th HFAA Conference, Athens, Greece, December 18-19.
Magerakis, Ε., Beretoulis, P., Karabagias, S., and Gavrilakis, N. (2009). The Greek reality of the Photovoltaic market: Future trends and incentives in energy development. Proceedings of the 2nd International Conference on Environmental Management, Engineering, Planning and Economics (CEMEPE 09) & SECOTOX Conference, pp. 667-673, Mykonos, Greece, 21-26 June, 2009.*
Note: “*” indicates presentation by coauthor.
Welcome to the audio versions of my papers and featured podcasts. Here you can listen to narrated versions of my publications generated using NotebookLM.
Briefing Doc: The Effect of Proximity to Political Power on Corporate Cash Policy
Source: Magerakis, E., Pantzalis, C., & Park, J. C. (2023). The effect of proximity to political power on corporate cash policy. Journal of Corporate Finance, 82, 102448.
Main Theme: This study examines how a firm’s proximity to political power, specifically its location within the US political landscape, influences its cash holding decisions. The authors argue that firms headquartered in states with a higher degree of political alignment with the President’s party face elevated policy risk, leading them to adopt more conservative cash policies as a hedging mechanism.
You can listen to the audio version of this paper here.
2022-2023: Adjunct Lecturer, Department of Economics, University of Patras. Accounting I | Accounting II | Financial Analysis and Management
2017-2021: Teaching Assistant, Department of Economics, University of Patras (Bachelor). Accounting I | Accounting II
2019-2020: Teaching Assistant, Department of Economics, University of Patras (Master). Business Financial Analysis
Literature Links
Google Scholar | SSRN | EconLit | NBER
Financial Data
Economic Data FRED | Fama/French’s Data Library | Hoberg-Phillips Text-based Industry Classifications | Baker, Bloom and Davis’ Policy Uncertainty Index | Demerjian, Lev, and McVay’s Managerial Ability
Programming and Tools
Stata | R-Project | Latex Project | Overleaf | Markdown | Mendeley | Github
Finance News
Google Finance | Yahoo Finance | Bloomberg | WSJ