Papers by Evangelos Poutos
Accounting Technology & Information Systems eJournal, 2018
This study examines the relationship between management accounting and integrated information sys... more This study examines the relationship between management accounting and integrated information systems by investigating the existing literature on the subject. The current research has been uncovered, classified and interpreted in order to provide an understandable illustration of the findings of previous studies and to show in what aspects more research is required. This paper also provides a new theoretical framework which enables a structured classification of the reviewed literature
Energies
This paper aimed to research the interrelation between capital structure, corporate governance, e... more This paper aimed to research the interrelation between capital structure, corporate governance, equity ownership, and how they affect firm performance. The sample used consisted of 10 leading-energy-sector companies traded in the NYSE, most of which rank among the largest companies in the world by market capitalization, while the US-based ones are also Fortune 500 companies. Over the eleven-year period examined, from 2009 to 2019, a sampling frame of 110 data series was gathered and analyzed using panel data methodologies. The impact of the key parameters of capital structure, corporate governance, and equity ownership was tested using regression analysis (panel data method) on firm performance, measured by profitability. Our results support a significant relation among major capital structure and corporate governance parameters and firm performance, whereas no evidence was found to support a significant impact of equity ownership on the dependent variable found ascertained. Further...
This paper investigates the possible existence of Granger-causal relationships in the behavior of... more This paper investigates the possible existence of Granger-causal relationships in the behavior of sovereign bond markets within the European Monetary Union (EMU), with special focus on higher order causality accounting for nonlinear dependence between the variables. With the above in mind both traditional linear and the nonlinear variants of the Granger causality test are conducted. An extensive sample of yields on 10-year sovereign bonds issued by 12 EMU countries and USA over the period running from January 2000 to June of 2014 is employed. Our findings reveal interesting causality patterns both at first and second order moment of sovereign yields. In particular, a bi-directional causality in mean and variance within the group of the southern Europe countries and a weak evidence of causality both in mean and variance running from southern to northern Europe sovereign yields is observed. Our results entail significant policy implications for market regulators and bond portfolio inv...
American Journal of Economics and Business Administration, 2013
This study presents, analyzes and compares the factors affecting the dividend policy of the Greek... more This study presents, analyzes and compares the factors affecting the dividend policy of the Greek listed firms, prior to the Greek economic crises, to NYSE, NASDAQ, Norwegian and U.K. firms. Our empirical investigation has a dual objective, to record the dividend policy of the Greek firms and to compare their dividend choices to other, more financially mature, markets. We sent to all Athens Exchange listed firms a detailed questionnaire concerning their dividend choices. Our findings proved to be very interesting since the average listed Greek firm shares the same opinion with the average firm of the compared studies in the following areas: Price affection, risk bearing, past dividends’ pattern and agency costs. Some of our findings proved to be quite close with some of the results of the compared studies in the following subjects: The sector of the company, the target payout ratio, the financing ability and the information content of dividends. Finally, some of our findings are in ...
International Journal of Economy, Management and Social Sciences, 2013
Abstract: The present study analyzes the impact of the Greek economic crisis on the construction ... more Abstract: The present study analyzes the impact of the Greek economic crisis on the construction industry, using variables which depict both the Greek economic environment and the corporate income – expenditure management by the Greek construction firms. We hypothesize that in a weak economic environment, with negative perspectives, the earnings of the companies traded in the economy are affected by both corporate parameters and the general country’s economic trend. Our findings support this hypothesis, since the earnings of the firm are affected by the firm’s efficient income – expenditures management and by the country’s economic environment. Furthermore, our analysis shows that the gap between operating income and operating expenditure acts as a pillow when economy shrinks. In the Greek case it seems that this gap was not enough to absorb the negative effect of the Greek economic crisis on the construction sector, which now faces negative results.
In recent decades the international community has demonstrated a growing concern and tendency to ... more In recent decades the international community has demonstrated a growing concern and tendency to halt adverse environmental impacts generated by business activities. Among a plethora of regulatory initiatives and collaborations, the 2030 Agenda, and incorporated 17 Sustainable Development Goals (SDGs), represent United Nations recent remarkable development toward this direction. The International Maritime Organization (IMO), as the United Nations (UNs) specialized Agency to deal with safety at sea and protection of the marine environment has been, actively, engaged and harmonized its strategy with global sustainability mandates. Similarly, a great deal of research and motivation has been placed on corporate social responsibility (CSR), as a business operating model that goes beyond regulatory compliance and integrates sustainability challenges. In view of the limited amount of related research in the tanker and dry bulk sector, the purpose of this paper is to investigate and provide...
Journal of Accounting, Business and Finance Research, 2018
This study examines the relationship between management accounting and integrated information sys... more This study examines the relationship between management accounting and integrated information systems by investigating the existing literature on the subject. The current research has been uncovered, classified and interpreted in order to provide an understandable illustration of the findings of previous studies and to show in what aspects more research is required. This paper also provides a new theoretical framework which enables a structured classification of the reviewed literature Keywords: Accounting information systems Management accounting Enterprise resource planning Integrated information systems.
Perspectives, Trends, and Applications in Corporate Finance and Accounting
This chapter examines the impact of banks and stock markets on economic growth for a panel that i... more This chapter examines the impact of banks and stock markets on economic growth for a panel that includes the 28 EU member states. The originality of this study lies in that it tests these relationships by employing sub-regional panels based on the geographical distribution of EU countries and by clustering EU member states in Eurozone and non-Euro countries. Results support the stock market-led growth hypothesis only for the case of the full sample panel. Furthermore, both the full panel results and Eurozone panel results fail to support the bank credit-led growth hypothesis. These results are inconsistent with other studies, which however employ only full regional panels.
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Papers by Evangelos Poutos