Profile
College / Department
Teaching areas
Risk Management, Financial Derivatives, Shipping Finance, Economic Modelling
Research areas
Financial Management, Investments, Financial Derivatives, Risk Management, Shipping Finance, Shipping Derivatives
Education
Bachelor, 1997, Business Administration, University of Aegean, Chios Island, Greece
MS, 1998, International Financial Markets, University of Southampton, Southampton, United Kingdom
MS, 1999, International Shipping, University of Plymouth, Plymouth, United Kingdom
PhD, 2002, Finance Cass Business School, City University London, United Kingdom
Professional experience
Professor of Finance, American University of Sharjah, UAE 09, 2017 - present
Professor of Shipping Finance, World Maritime University, Sweden 04, 2015 - 09, 2017
Associate Professor of Shipping Finance, World Maritime University, Sweden 09, 2012 03, 2015
Associate Professor of Finance, ALBA Graduate Business School, Greece 09, 2011 - 08, 2012
Assistant Professor of Finance, ALBA Graduate Business School, Greece 01, 2005 - 08, 2011
Contact
ivisvikis@aus.edu
+971 6 515 4717
Dr. Ilias Visvikis
Professor
and Director, Center for Executive and Professional Education
PhD, Finance Cass Business School, City University London, United Kingdom
Prof. Ilias Visvikis (BA, MSc, MSc, PhD) joined the American University of Sharjah in September 2017 as Professor of Finance and Director of the Center for Executive and Professional Education (CEPE). He is Associate Editor of "Transportation Research Part E: Logistics and Transportation Review" and "Multinational Finance Journal". He is Visiting Professor at ICMA Centre at Henley Business School, University of Reading (UK). Previously he was Professor and Director of Executive Education and Professional Development at World Maritime University in Sweden (2012-2017). Before that he was Associate Professor and Academic Director of graduate shipping programs (MBA & MSc) at ALBA Graduate Business School at the American College of Greece (2005-2012). He has taught at several universities around the world, while he has an extensive international experience in consultancy and executive education. His research interests are on financial management and investments, shipping finance, financial and shipping derivatives and risk management. His research work has been published in international refereed scientific journals, books and magazines, and has received numerous citations. He is co-author of the Derivatives and Risk Management in Shipping (2006), co-editor of the Theory and Practice of Shipping Freight Derivatives (2011), co-editor of the The International Handbook of Shipping Finance (2016), and co-editor of the Shipping Operations Management (2017). He has extensively presented his work in international academic and business conferences held in USA, Europe and Asia. He serves as Editorial Board Member of scientific journals, member of conference steering committees and reviewer for scientific journals. He has held posts in the Central Securities Depository of Greece and in the derivatives market of the Athens Exchange.
Dr. Visvikis's bio is available here.
Publications
Angelopoulos J., Sahoo, S., Visvikis I. “Commodity and Transportation Economic Market Interactions Revisited: New Evidence from a Dynamic Factor Model”, Transportation Research Part E: Logistics and Transportation Review, Forthcoming 2020, [Comment: ACCEPTANCE DATE 30 December 2019, IMPACT FACTOR: 4.253; ABDC RANK: A*]
Alexandridis, G., Antypas N., Gulnur, A. Visvikis, I. “Corporate Financial Leverage and M&As Choices: Evidence from the Shipping Industry”, Transportation Research Part E: Logistics and Transportation Review, Forthcoming 2020 [Comment: ACCEPTANCE DATE 18 December 2019, IMPACT FACTOR: 4.253; ABDC RANK: A*]
Pouliasis, P., Visvikis, I., Papapostolou, N. Kryukov, A. “A Novel Risk Management Framework for Natural Gas Markets, The Journal of Futures Markets”, Forthcoming 2020, [Comment: ACCEPTANCE DATE: 15 October 2019, IMPACT FACTOR: 1.449; ABDC RANK: A]
Pouliasis, P., Papapostolou, N., Kyriakou, I., Visvikis, I.. "Shipping Equity Risk Behavior and Portfolio Management." Transportation Research Part A: Policy and Practice116 (October, 2018): 178-200. [Comment: ACCEPTANCE DATE: JUNE, 2018. IMPACT FACTOR: 2.609; ABDC RANK: A*] [ABDC Rank: A*]
Alexandridis, G., Kavussanos, M. G., Kim, C. Y., Tsouknidis, D. A., Visvikis, I. D.. "A Survey of Shipping Finance Research: Setting the Future Research Agenda." Transportation Research Part E: Logistics and Transportation Review 115 (July, 2018): 164-212. [Comment: ACCEPTANCE DATE: APRIL, 2018. IMPACT FACTOR: 2.974; ABDC RANK: A*]
Alexandridis, G., Sahoo, S., Song, D.W., Visvikis, I.D.. "Shipping Risk Management Practice Revisited: A New Portfolio Approach." Transportation Research Part A: Policy and Practice 110 (April, 2018): 274-290. [Comment: ACCEPTANCE DATE: NOVEMBER, 2017. IMPACT FACTOR: 2.609; ABDC RANK: A*]
Alexandridis, G., Sahoo, S. and Visvikis, I.D.. "Economic Information Transmissions and Liquidity between Shipping Markets: New Evidence from Freight Derivatives." Transportation Research Part E: Logistics and Transportation Review 98 (February, 2017): 82-104. [Comment: IMPACT FACTOR: 2.974; ABDC RANK: A*]
Alizadeh, A., Kappou, N., Tsouknidis, D. and Visvikis, I.D.. "Liquidity Risk Premia in the International Shipping Derivatives Market." Transportation Research Part E: Logistics and Transportation Review 76 (April, 2015): 58-75. [Comment: IMPACT FACTOR: 2.974; ABDC RANK: A*]
Kavussanos, M.G., Visvikis, I.D. and Dimitrakopoulos, D.N.. "Economic Spillovers between Related Derivatives Markets: The Case of Commodity and Freight Markets." Transportation Research Part E: Logistics and Transportation Review 68 (August, 2014): 79-102. [Comment: IMPACT FACTOR: 2.974; ABDC RANK: A*]
Axarloglou, K., Visvikis, I.D. and Zarkos, S.. "The Time Dimension and Value of Flexibility in Resource Allocation: The Case of the Maritime Industry." Transportation Research Part E: Logistics and Transportation Review 52 (June, 2013): 35-46. [Comment: IMPACT FACTOR: 2.974; ABDC RANK: A*]
Kavussanos, M.G., Visvikis, I.D.. "The Predictability of Non-Overlapping Forecasts: Evidence from a New Market." Multinational Finance Journal 15, no. 1/2 (March, 2011): 125-156. [Comment: IMPACT FACTOR: 0.630; ABDC RANK: B]
Kavussanos, M.G., Visvikis, I.D. and Dimitrakopoulos, D.N.. "Information Linkages between Panamax Freight Derivatives and Commodity Derivatives Markets." Maritime Economics and Logistics 12, no. 1 (March, 2010): 91-110. [Comment: IMPACT FACTOR: 0.939; ABDC RANK: B]
Kavussanos, M.G., Visvikis, I.D. and Alexakis, P.. "The Lead-Lag Relationship between Cash and Stock Index Futures in a New Market." European Financial Management 14, no. 5 (November, 2008): 1007-1025. [Comment: IMPACT FACTOR: 1.236; ABDC RANK: A]
Kavussanos, M.G., Visvikis, I.D.. "Hedging Effectiveness of the Athens Stock Index Futures Contracts." The European Journal of Finance 14, no. 3 (April, 2008): 243-270. [Comment: IMPACT FACTOR: 0.795; ABDC RANK: B]
Kavussanos, M.G., Visvikis, I.D. and Goulielmou, M.. "An Investigation of the Use of Risk Management and Shipping Derivatives: The Case of Greece." International Journal of Transport Economics XXXIV, no. 1 (February, 2007): 49-68. [Comment: IMPACT FACTOR: 0.22; ABDC RANK: C]
Batchelor, R.A., Alizadeh, A.H. and Visvikis, I.D.. "Forecasting Spot and Forward Prices in the International Freight Market." International Journal of Forecasting 23 (January, 2007): 101-114. [Comment: IMPACT FACTOR: 2.642; ABDC RANK: A]
Kavussanos, M.G., Visvikis, I.D.. "Shipping Freight Derivatives: A Survey of Recent Evidence." Maritime Policy and Management 33, no. 3 (July, 2006): 233-255. [Comment: IMPACT FACTOR: 1.22]
Batchelor, R.A., Alizadeh, A.H. and Visvikis, I.D.. "The Relation between Bid-Ask Spreads and Price Volatility in Forward Markets." Journal of Derivatives and Hedge Funds 11, no. 2 (September, 2005): 105-125. [Comment: (FORMERLY DERIVATIVES USE, TRADING & REGULATION); ABDC RANK: C]
Kavussanos, M.G., Visvikis, I.D. and Menachof, D.. "The Unbiasedness Hypothesis in the Freight Forward Market." Review of Derivatives Research 7, no. 3 (December, 2004): 241-266. [Comment: IMPACT FACTOR: 0.739; ABDC RANK: B]
Kavussanos, M.G., Visvikis, I.D. and Menachof, D.. "The Unbiasedness Hypothesis in the Freight Forward Market." Review of Derivatives Research 7, no. 3 (December, 2004): 241-266. [Comment: IMPACT FACTOR: 0.739; ABDC RANK: B]
Kavussanos, M.G., Visvikis, I.D.. "Market Interactions in Returns and Volatilities between Spot and Forward Shipping Markets." Journal of Banking and Finance 28, no. 8 (August, 2004): 2015-2049. [Comment: IMPACT FACTOR: 1.776; ABDC RANK: A*] [ABDC Rank: A*]
Kavussanos, M.G., Visvikis, I.D. and Batchelor, R.A.. "Over-the-Counter Forward Contracts and Spot Price Volatility in Shipping." Transportation Research Part E: Logistics and Transportation Review 40, no. 4 (July, 2004): 273-296. [Comment: IMPACT FACTOR: 2.974; ABDC RANK: A*] [ABDC Rank: A*]
Conference Presentations
Pouliasis, P, Papapostolou, N., Kyriakou, I. and Visvikis, I.D. "Tail Risk and the Asset Allocation Problem in Shipping Equity Portfolios." Paper presented at the Annual Conference of International Association of Maritime Economists (IAME), Kyoto, Japan, June 27-30, 2017.
Alexandridis, G, Sahoo., S. and Visvikis I.D. "The Risk Management Function of Freight Derivatives Revisited: The Case of Different Vessel Sectors." Paper presented at the Annual Conference of International Association of Maritime Economists (IAME), Kyoto, Japan, June 27-30, 2017.
Alexandridis, G, Sahoo., S. and Visvikis I.D. "Economic Information Transmissions between Shipping Markets: New Evidence from Freight Derivatives Markets." Paper presented at the Annual Conference of International Association of Maritime Economists (IAME), August 23-26, 2016.
Alexandridis, G, Sahoo., S. and Visvikis I.D. "Economic Information Transmissions within Shipping Derivatives Markets." Paper presented at the 6th National Conference of the Financial Engineering and Banking Society (FEBS), Piraeus, Greece, December 20-21, 2015.
Alizadeh, A.H, Kappou, N., Tsouknidis, D. and Visvikis I.D. "Liquidity Risk Premia in the International Shipping Derivatives Market." Paper presented at the Winter Conference of Multinational Finance Society (MFS), Athens, Greece, December 14-16, 2014.
Alizadeh, A.H, Kappou, N., Tsouknidis, D. and Visvikis I.D. "Liquidity Risk Premia in the International Shipping Derivatives Market." Paper presented at the Annual Conference of Norfolk, International Association of Maritime Economists (IAME), Norfolk, Virginia, USA, July 15-18, 2014.
Alizadeh, A.H, Kappou, N., Tsouknidis, D. and Visvikis I.D. "Liquidity Risk Premia in the International Shipping Derivatives Market." Paper presented at the Annual Conference of Multinational Finance Society (MFS), Prague, Czech Republic, June 29-2, 2014.
Axarloglou, K, Visvikis, I.D. and Zarkos, S. "The Time Dimension and Value of Flexibility in Resource Allocation: The Case of the Maritime Industry." Paper presented at the National Conference of Financial Engineering and Banking Society, Athens, Greece, December 17-18, 2012.
Kavussanos, M.G, Visvikis, I.D. and Dimitrakopoulos, D.N. "Economic Spillovers between Related Derivatives Markets: The Case of Commodity and Shipping Markets." Paper presented at the Annual Conference of International Association of Maritime Economists (IAME), Taipei, Taiwan, September 6-8, 2012.
Axarloglou, K, Visvikis, I.D. and Zarkos, S. "The Time Dimension and Value of Flexibility in Resource Allocation: The Case of the Maritime Industry." Paper presented at the Annual Conference of International Association of Maritime Economists (IAME), Taipei, Taiwan, September 6-8, 2012.
Kavussanos, M.G, Visvikis, I.D. and Dimitrakopoulos, D.N. "Economic Spillovers between Related Derivatives Markets: The Case of Commodity and Shipping Markets." Paper presented at the International Symposium on Ship Operations, Management and Economics, The Greek Section of the Society of Naval Architects and Marine Engineers (SNAME), Athens, Greece, October 7-8, 2010.
Kavussanos, M.G, Visvikis, I.D. "The Hedging Effectiveness of Non-Storable Commodity Derivatives." Paper presented at the Annual Conference of Multinational Finance Society (MFS), Rethymno, Crete, Greece, June 28-1, 2009.
Kavussanos, M.G, Visvikis, I.D. and Dimitrakopoulos, D.N. "Volatility Spillovers across Shipping and Commodity Derivatives Markets." Paper presented at the Annual Conference of International Association of Maritime Economists (IAME), Copenhagen, Denmark, June 24-26, 2009.
Kleindorfer, P, Visvikis, I.D. "Integration of Financial and Physical Networks in Global Logistics, Network-based Strategies and Competencies." Paper presented at The Wharton-INSEAD Alliance Conference, Philadelphia, US, November 9, 2007.
Kavussanos, M.G, Visvikis, I.D. "Hedging with Stock Index Futures Contracts in the Athens Derivatives Exchange." Paper presented at the Research on Economic Theory and Econometrics, Chora Naxos, Greece, July 9-12, 2007.
Awards and Honors
Certificate of Excellence in Reviewing, awarded by Transportation Research Part E (Elsevier) in recognition of an outstanding contribution to the quality of the Journal June 19, 2014
One of the Best Five Papers, Annual Conference of International Association of Maritime Economists (IAME) Conference, Copenhagen, Denmark June 26, 2009
Ph.D. Research Fellowship, North Atlantic Treaty Organization (NATO), EuroAtlantic Partnership Council (20012003) January 1, 2001
Bursary of Academic Excellence, awarded by PROODOS S.A., Graduating from the University of Aegean 5th in rank (in 1997) November 3, 1997
Bursary of Academic Excellence, awarded by Greek State Foundation of Scholarships (IKY), entering the University of Aegean 1st in rank (class of 1993) September 6, 1993
Other creative/research
Visvikis, I.D, Panayides, P. Shipping Operations Management. Germany: Springer, 2017.
Kavussanos, M.G, Visvikis, I.D. The International Handbook of Shipping Finance: Theory and Practice. UK: Palgrave Macmillan, 2016.
Kavussanos, M.G, Visvikis, I.D. "Maritime Business Freight Rate Risk Management." In The International Handbook of Shipping Finance: Theory and Practice, edited by Kavussanos, M.G. and Visvikis, I.D., 337-370. UK: Palgrave Macmillan, 2016.
Batchelor, R.A, Alizadeh, A.H. and Visvikis, I.D. "The Relation between Bid-Ask Spreads and Price Volatility in Forward Markets." In Derivatives and Hedge Funds, edited by Satchell, S., 161-184. UK: Palgrave Macmillan, 2016.
Kavussanos, M.G, Visvikis, I.D. and Dimitrakopoulos, D.N. "Freight Markets and Products." In The Handbook of Multi-Commodity Markets and Products: Structuring, Trading and Risk Management, edited by Roncoroni, A., Fusai, G. and Cummins, M., 355-398. UK: John Wiley & Sons, 2015.
Kavussanos, M. G, Visvikis, I.D. "Shipping Freight Derivatives: Practical Examples and Applications." In Contemporary Marine and Maritime Policy, edited by Xu, J., 55-76. US: Nova Science Publishers, 2014.
Kavussanos, M. G, Visvikis, I.D. "Introduction to the Theory and Practice of Shipping Freight Derivatives." In Theory and Practice of Shipping Freight Derivatives, edited by Kavussanos, M and Visvikis, I., 1-12. UK: Risk Books, 2011.
Kavussanos, M.G, Visvikis, I.D. Theory and Practice of Shipping Freight Derivatives. UK: Risk Books, 2011.
Kavussanos, M.G, Visvikis, I.D. "The Hedging Performance of the Capesize Forward Freight Market." In The International Handbook of Maritime Economics and Business, edited by Cullinane, K., 331-352. UK: Edward Elgar Publishing, 2010.
Kleindorfer, P, Visvikis, I.D. "Integration of Financial and Physical Networks in Global Logistics." In The Network Challenge: Strategy, Profit, and Risk in an Interlinked World, edited by Kleindorfer, P., Wind, Y. and Gunther, R.E., 399-414. US: Pearson Education Inc, 2009.
Kavussanos, M.G, Visvikis, I.D. "Freight Derivatives and Risk Management: A Review." In Risk Management in Commodity Markets: From Shipping to Agriculturals and Energy, edited by Geman, H., 153-179. UK: John Wiley & Sons, 2008.
Kavussanos, M.G, Visvikis, I.D.. Derivatives in Freight Markets. UK: Lloyd’s MIU Publication, Informa Business, 2007.
Kavussanos, M.G, Visvikis, I. D. Capital Markets and the Shipping Industry. UK: Lloyd’s MIU Publication, Informa Business, 2007.
Visvikis, I.D. 2007. Recent Trends in the Management of Shipping Companies. Greece: T&T Publications, 2007.
Kavussanos, M.G, Visvikis, I.D. Derivatives and Risk Management in Shipping. UK: Witherbys Publishing & Seamanship International, 2006.
