Open House Day on November 30th at Audencia's Paris campus! Come and meet us, visit your future school and find out about all our international programs. Register now!
photo_cv
Department
Département
Finance
Research areas
Domaine de recherche
Corporate Social Responsibility
Market Microstructure
Energy Finance
Biography
Biographie
Dr Iordanis KALAITZOGLOU is currently a Professor in Finance at Audencia Business School, as well as a visiting Professor in Finance in SOAS University of London and University of Wolverhampton. His research focuses on Market Microstructure and Energy Finance and he has published in international journals and he is also an active member of the European Capital Markets Cooperative Research Centre and of the Hellenic Association of Energy Economics (a member of the International Association of Energy Economics). He is also (co-)supervising 5 PhD candidates on Intraday Risk, Behavioral Finance, Energy markets and International Energy Relations.
Section CV
Formation
Habilitation à Diriger des Recherches, Economy, Finance
Université de Nantes, Nantes
(2019)
PhD
University of Heriot-Watt, Edimbourg
(2011)
Msc in International Banking and Financial
University of Heriot-Watt, Edimbourg
(2007)
BSc in Accountancy and Finance, Major : Finance
Université de Macédoine, Thessalonique
(2006)
Experience
Lecturer in Finance
University of London, SOAS Centre for Financial Management Studies, Londres
Since 2011
Lecturer in Finance
Coventry Business School, Coventry
2010 - 2012
Graduate Teaching Assistant in Finance
University of Heriot-Watt, Edimburgh
2008 - 2010
Visiting out
2011 - 2011
University of Wolverhampton, : Visiting Lecturer in Finance
Since 2012
University of London, SOAS Centre for Financial Management Studies, : Visiting Lecturer in Finance (DL)
Publications
Published
KALAITZOGLOU, I. (2024). Cleaning the carbon market! Market transparency and market efficiency in the EU ETS. Annals of Operations Research
IOANNIDIS, F., KOSMIDOU, K., KALAITZOGLOU, I., ANDRIOSOPOULOS, K., GALARIOTIS, E. (2023). Investing in bridging fuels: the unit commitment problem of public vs. private ventures. Energy Journal, 44 (1), 93-117.
KALAITZOGLOU, I., IBRAHIM, B. M. (2023). Market conditions and order-type preference. International Review of Financial Analysis, 87 (May 2023).
MENGYU ZHANG, M., VEROUSIS, T., KALAITZOGLOU, I. (2022). Information and the arrival rate of option trading volume. Journal of Futures Markets, 42 (4), 605-644.
KALAITZOGLOU, I., PAN, H., NIKLEWSKI, J. (2021). Corporate social responsibility: How much is enough? A higher dimension perspective of the relationship between financial and social performance. Annals of Operations Research, 306 (special issue: Regression Methods based on OR techniques 2021), 209–245.
GALARIOTIS, E., KALAITZOGLOU, I., NIKLEWSKI, J., ZOPOUNIDIS, C. (2021). Optimal level of state ownership in banks. Prevention measure vs emergency action. Evidence from the new millennia.. Annals of Operations Research, 304 (2021), 165–197.
KALAITZOGLOU, I., IBRAHIM, B. M. (2020). OTC trades and liquidity in the European carbon market. More than meets the eye. Applied Economics, 52 (16), 1745-1762.
GALARIOTIS, E., KALAITZOGLOU, I., KOSMIDOU, K, PAPAEFTTHIMIOU, S, SPYROU, S (2019). Could Market Making be Profitable in The European Carbon Market?. Energy Journal, 40 (SI1), 5-28.
KALAITZOGLOU, I. (2019). Visible and Invisible Forces. What Drives the Intensity of Trading in the European Carbon Market?. Review of Economic Analysis, 11, 117-144.
IBRAHIM, Boulis Maher, KALAITZOGLOU, Iordanis (2016). Why do carbon prices and price volatility change?. Journal of Banking and Finance, 63, 76–94.
KALAITZOGLOU, Iordanis, DURGHEU, Béatrice (2016). Financial and Economic Growth in Europe: Is the Euro Beneficial for All Countries?. Journal of Economic Integration, 31 (2), 414-471.
KALAITZOGLOU, Iordanis, IBRAHIM, Boulis Maher (2015). Liquidity and Resolution of Uncertainty in the European Carbon Futures Market. International Review of Financial Analysis, 37, 89-102.
KALAITZOGLOU, Iordanis, IBRAHIM, Boulis Maher (2013). Trading patterns in the European carbon market: The role of trading intensity and OTC transactions. Quarterly Review of Economics and Finance, 53 (4), 402-416.
KALAITZOGLOU, Iordanis, IBRAHIM, Boulis Maher (2013). Does order flow in the European Carbon Futures Market reveal information?. Journal of Financial Markets, 16 (3), 604-635.
ZOPOUNIDIS, C., BENKRAIEM, R., KALAITZOGLOU, I. (2022) Financial Risk Management and Modeling Springer
KALAITZOGLOU, I. (2022) From Calendar to Economic Time. Deciphering the Arrival of Events in Irregularly Spaced Time. Springer
KALAITZOGLOU, I., NGO, H. D., GALARIOTIS, E. (2024). Information Life-Span and Lead-Lag Effects on a Continuous Time Multivariate Price Formation Model.. French Inter-Business School Workshop in Finance.
PATAILLOT, L., KALAITZOGLOU, I., CORGNET BRICE, B. (2024). The five-step tango (plus or minus two): emergent rhythm and information in algorithmic trading patterns. Financial Management Association International.
KALAITZOGLOU, I., PATAILLOT, L., CORGNET BRICE, B. (2024). The five-step tango (plus or minus two): emergent rhythm and information in algorithmic trading patterns. Financial Markets and Nonlinear Dynamics.
KALAITZOGLOU, I. (2022). Cleaning the Carbon Market! Market Transparency and Market Efficiency in the EU ETS. The International Conference on Sustainability, Environment, and Social Transition in Economics and Finance (SESTEF).
KALAITZOGLOU, I., NGO, H. D., GALARIOTIS, E. (2022). ASYMMETRIC INFORMATION, INFORMATION LIFE SPAN, AND LEAD-LAG EFFECTS ON A MULTIVARIATE PRICE FORMATION MODEL. 15th International conference of the ERCIM WG on Computational and Methodological Statistics.
GALARIOTIS, E., TSELIKA, M., KALAITZOGLOU, I. (2021). Why the Empirical Models of Herding Disagree: The Aggregate Effect of Microlevel Herding and the Importance of the Investor Type on Market Wide Herding. 10th International Conference of the Financial Engineering and Banking Society. LUMEN Laboratory, IAE Lille University School of Management, France.
GALARIOTIS, E., TSELIKA, M., KALAITZOGLOU, I. (2021). Why the Empirical Models of Herding Disagree: The Aggregate Effect of Microlevel Herding and the Importance of the Investor Type on Market Wide Herding. 37th International Conference of the French Finance Association. Audencia Business School., Nantes.
GALARIOTIS, E., IOANNIDIS, F., ANDRIOSOPOULOS, K., KALAITZOGLOU, I., KOSMIDOU, K. (2020). INVESTING IN BRIDGING FUELS: THE UNIT COMMITMENT PROBLEM OF PUBLIC VS PRIVATE VENTURES. 37th International Conference of the French Finance Association (AFFI), Nantes, France.
GALARIOTIS, E., IOANNIDIS, F., ANDRIOSOPOULOS, K., KALAITZOGLOU, I., KOSMIDOU, K. (2020). Investing in Bridging Fuels: the Unit Commitment Problem of Public vs Private Ventures. 2020 International Conference on Business & Economics, Hellenic Open University, Athens.
KALAITZOGLOU, I., NGUYEN, H., IBRAHIM, B. (2019). Do implied trading strategies of UK directors reveal information?. dans American Finace Association (Ed.), AFA conference.
GALARIOTIS, E., ZOPOUNIDIS, C., KALAITZOGLOU, I., NIKLEWSKI , J. (2018). Optimal Level of State Ownership in Banks. Prevention measure vs emergency action. Evidence from the new millennia., 35th French Finance Association International conference.
KALAITZOGLOU, I. (2018). Crowdedness and Over-reaction in the European Carbon Mraket., 3rd International Conference of HAEE.
KALAITZOGLOU, I. (2018). Optimal Market Conditions for Order Type Selection., 8th International conference of FEBS.
KALAITZOGLOU, I. (2018). The impacts of UK insiders’ transactions on stock price and non-price characteristics., 8th Interenational Conference of FEBS.
KALAITZOGLOU, I. (2018). The impacts of UK insiders’ transactions on stock price and non-price characteristics.., 2018 International Conference of IFABS.
KALAITZOGLOU, I., NGUYEN, H., IBRAHIM, B. (2018). The impacts of UK insiders’ transactions on stock price and non-price characteristics – the role of pre-trade transparency requirement.. dans 3rd Panorisk Internaional Conference (Ed.), 3rd Panorisk Conference. PANORisk Conference.
KALAITZOGLOU, I., NGUYEN, H., IBRAHIM, B. (2018). Do implied trading strategies of UK directors reveal information?. dans FEBS (Ed.), FEBS International Conference.
KALAITZOGLOU, I., NGUYEN, H., IBRAHIM, B. (2018). The impacts of UK insiders’ transactions on stock price and non-price characteristics.. dans IFABS (Ed.), IFABS International Conference.
KALAITZOGLOU, I., NGUYEN, H., IBRAHMI, B. (2018). Do implied trading strategies of UK directors reveal information?. dans ABF Conference (Ed.), Australasian Banking and Finance Conference.
KALAITZOGLOU, I., IBRAHIM, B. (2018). Optimal Market Conditions for Order Type Selection. dans Lancaster University (Ed.), Financial Econometrics Conference: Market Microstructure, Limit Order Books and Derivative Markets Conference.
ANDRIOSOPOULOS, K., GALARIOTIS, E., KALAITZOGLOU, I. (2017). Could Market Making be Profitable in The European Carbon Market?.
GALARIOTIS, E., ZOPOUNIDIS, C., KALAITZOGLOU, I., NIKLEWSKI, J. (2016). Optimal level of state ownership in the financial sector., 6th International Conference of the Financial Engineering and Banking Society (FEBS).
KALAITZOGLOU, I., & IBRAHIM, B. M. (2015). Why Do Security Prices and Price Volatility Change? An Analysis of the European Carbon Futures Market., Research Seminar Series Heriot Watt University, School of Management and Languages.
KALAITZOGLOU, I., & IBRAHIM, B. M. (2015). Why Do Security Prices and Price Volatility Change? An Analysis of the European Carbon Futures Market., Seminar Series Macquarie University, School of Management.
GALARIOTIS, E., ZOPOUNIDIS, C., KALAITZOGLOU, I., NIKLEWSKI, J. (2015). Optimal level of state ownership in the financial sector., 5th International Conference of the Financial Engineering and Banking Society (FEBS).
KALAITZOGLOU, I., & IBRAHIM, B. M. (2015). Liquidity and Resolution of Uncertainty in the European Carbon Futures Market., Seminar Series, Coventry University, Business School.
KALAITZOGLOU, I., & IBRAHIM, B. M. (2015). Liquidity and Resolution of Uncertainty in the European Carbon Futures Market., 5th International Conference of the Financial Engineering and Banking Society (FEBS).
KALAITZOGLOU, I., & IBRAHIM, B. M. (2014). Why Do Security Prices and Price Volatility Change? An Analysis of the European Carbon Futures Market., 16th International Conference on Computer Networks and Systems Security (ICCNSS).
GALARIOTIS, E., KALAITZOGLOU, I., & NICKLEWSKI, J. (2014). State Ownership in the Financial Sector. When does it work better as a prevention measure or as an emergency action? Evidence from the new millennia., 31st International conference of the French Finance Association (AFFI).
KALAITZOGLOU, I., & IBRAHIM, B. M. (2014). Measuring Temporal Dependence of Order Flow and Intraday Uncertainty Resolution in the European Carbon Futures Market., 5th International Ioannina Meeting on Applied Economics and Finance (IMAEF).
KALAITZOGLOU, I., & DURGHEU, B. (2014). Economic and Financial Growth in Europe Is Euro Beneficial for all Countries?., EFMA (European Financial Management Association) Annual Meeting 2014.
KALAITZOGLOU, I., & IBRAHIM, B. M. (2013). Trading Patterns in the European Carbon Market: The Role of Trading Intensity and OTC Transactions., 49th BAFA Annual Conference (British Accounting & Finance Association).
GALARIOTIS, E., ZOPOUNIDIS, C., KALAITZOGLOU, I., & NIKLEWSKI, J. (2013). State Ownership in the Financial Sector. Does it work better as a prevention measure or as disciplinary action? Evidence from the new millennia., 3rd International conference of the Financial Engineering and Banking Society (FEBS).
KALAITZOGLOU, I., PAN, H., & NIKLEWSKI, J. (2013). Should Companies Increase Size or Improve their CSR Profile in order to Improve their Performance? Evidence from UK listed Firms., 20th Annual Conference of the Multinational Finance Society.
KALAITZOGLOU, I., & DURGHEU, B. (2013). Economic and Financial Growth in Europe. Is Euro Beneficial for all Countries?., International Conference on the Global Financial Crisis.
KALAITZOGLOU, I., & IBRAHIM, B. M. (2013). Autoregressive Conditional Weighted Duration: Measuring Temporal Dependence of Order Flow in the European Carbon Futures Market., 51st EWGFM Meeting.
Broadcasts
KALAITZOGLOU, I. (2022). Euradio Interview, the war in ukraine and the energy crisis. Euradio Nantes
KALAITZOGLOU, I. (2021). As empresas devem se preparar para um futuro renovavel.
KALAITZOGLOU, I. (2019). Corporate Social Responsibility. How much is enough?. Chaine Youtube Audencia
Press articles
KALAITZOGLOU, I. (2023). Are we ready for the Euro to go digital?. The Conversation
KALAITZOGLOU, I. (2023). Meet the EU's answer to crupto: the e-euro. The Conversation
KALAITZOGLOU, I. (2022). A world becoming smaller. dialogue, November (2022), 76-77.
KALAITZOGLOU, I. (2022). Understanding the drivers and challenges of sustainable business. Association of AMBAs
KALAITZOGLOU, I. (2022). A world becoming smaller. Dialogue Review
KALAITZOGLOU, I. (2022). L'euro: en quoi diffèrera-t-il de l'euro?. Grandes Ecoles & Universités Magazine
KALAITZOGLOU, I. (2021). Corporations must prepare for a greener energy mix. The transition starts now.. dialogue, (november).
KALAITZOGLOU, I. (2020). [EXPERT AUDENCIA] La responsabilité sociale du carbone. Monde des Grandes Ecoles et Universités
KALAITZOGLOU, I. (2019). Коммунизм плюс электрификация автопрома Китай начинает новый этап развития рынка электромобилей. Kommersant (Russia)
KALAITZOGLOU, I. (2019). Understanding thedrivers and challengesof sustainable business. Ambition, 2019 December 9 (9), 22-25.
KALAITZOGLOU, I. (2018). Американские регуляторы держат криптовалюту с предисловием. Kommersant (Russia)
KALAITZOGLOU, I. (2018). Le prix du pétrole devrait baisser. Presse Ocean
KALAITZOGLOU, I. (2018). Made in space’: tangible reality or daydreaming?. The Conversation
KALAITZOGLOU, I. (2018). Made in Space”: Tangible Reality or Daydreaming?. Minutehack.com
KALAITZOGLOU, I. (2018). Le bitcoin n'a plus d'avenir, la blockchain si. Les echos.fr
KALAITZOGLOU, I. (2018). Bitcoin: a currency-to-be or mere speculation?. Global Banking and Finance Review
KALAITZOGLOU, I. (2018). Bitcoin: a currency-to-be or mere speculation?. APAC Newswire
KALAITZOGLOU, Iordanis (2017). Is there a future for coal?. Minutehack.com
KALAITZOGLOU, I. (2017). Rosatom and the new nuclear energy deals. Kommersant (Russia)
KALAITZOGLOU, I. (2017). CSR: A way forward or a fudge. Minutehack.com
KALAITZOGLOU, Iordanis (2016). Trading de l'énergie et des matières premières : un marché qui prédit l'avenir. Journal des Grandes Ecoles et Universités
KALAITZOGLOU, I. (2016). Pressure on Coal. International Finance
Scientific activities
Reviewer for an academic journal
The Gambler’s Fallacy in Financial Markets: The case of short sellers.,
2023
Institutional Investors and Corporate Carbon Footprint: Global Evidence,
2023
Crypto market dynamics in stressful conditions,
2022
EFFECT OF CERTIFIED EMISSION REDUCTION OFFSETTING EVENT AND TRADING VOLUME ON CARBON DIOXIDE EMISSION ALLOWANCE PRICES VOLATILITY: EVIDENCE FROM SEVEN ETSs IN CHINA,
2022
Optimize Trade Execution, Hierarchical Reinforcement Learning, Algorithmic Trading, Deep Learning,
2022
Risk Preference and Willingness to Participate in the Futures Market: Evidence from China’s Cotton and Jujube Enterprises,
2021
: On the role of commodity futures in portfolio diversification,
2021
Journal of Statistical Science and Application,
2018
Journal of Banking and Finance
Journal of Financial Markets
Financial Review
Economic Modelling
Quarterly Review of Economics and Finance
Energy Economics
Computers and Operations Research
International Review of Economics and Finance
Review of Economics and Finance
Member of the editorial board of an academic journal
Journal of Contemporary Management,
2018
Guest Editor of an academic journal
Journal of Multinational Financial Management,
2015
Awards and honors
Allocations de thèses cofinancées 2020, 2021
Aquaspice, 2021
AFA Travel Grant, 2019
Outstanding Contribution in Reviewing - North American Journal of Economics and Finance, 2018
Most cited paper in Journal of Financial Markets, 2014
PhD scholarship, 2008
Doctoral supervision
Since 2021, L. PATAILLOT : Dance to the market beat, ,
Since 2018, Athanasios Stamoulis : Climate change and Energy Transition in European Union, Aristoteleion University of Thessaloniki, Greece
Since 2017, Hai Dang NGO : Intraday/Instantaneous risk measures, Audencia Business School, France
Since 2016, Hoang Thi My Nguyen : Management Ownership and Intraday Information Resolution, University of Heriot-Watt, Great Britain
Since 2016, Nana Agyei : Liquidity in the EU ETS, University of Heriot-Watt, Great Britain
Since 2013, Maria Tselika : Behavioral Economics, Finance & Financial Vulnerability, Université de Nantes, France
Since 2015, CongWei WANG : Innovation of financing modes during developments of new energy projects (photovoltaic ground power stations’, Western Business School, China (PRC)
Since 2022, A. AHMAD HAWI : FACTORS LINKED WITH ENTREPRENEURIAL INTENTION AND SOCIAL IDENTITY: THE QATAR CONTEXT, Université de Paris IX - Dauphine, France
Since 2022, Y. YONGWEI LIU : Fair Value Hierarchical Measurement and Management Compensation Contract, Southwestern University of Finance and Economics (SWUFE), China (PRC)
Since 2018, Tom Steffen : Three essays on benchmarks, derivatives, and OTC markets, University of Edinburgh, Great Britain
Since 2014, Zeyang Zhou : The Impact of Market Conditions, Global Market Liquidity and High Frequency Trading on the Price Effects of Trades in Future Markets, ,
Since 2022, C. CULPING FENG : A Study on the Influencing Mechanism of Alcohol Use on Leadership Behavior, Southwestern University of Finance and Economics (SWUFE), China (PRC)