Mission

The laboratory for applied finance was founded in 2001 by the Government Act Α66/6-4-01.

The laboratory undertakes research and supports the teaching needs of faculty and students in areas of finance. Research themes pursued by the laboratory include:

  • the evaluation of investments and investment portfolios
  • the valuation of debt and equity securities
  • the analysis of financial market microstructure
  • financial derivatives
  • real estate finance
  • shipping finance, e.t.c.

Indicative Projects

  • "Credit Ratings or Merton-type Models for Investigating Corporate Bonds? A Sectoral Analysis" PEVE 1, 2008-2009,Project Supervisor: Prof. Manolis G. Kavussanos.
  • "An Empirical Investigation of Credit Risk", Pythagoras, EPEAEK, 01/03/04 – 31/12/07, Project Supervisor: Prof. Manolis G. Kavussanos.
  • "The Application of Value at Risk Models in Finance", Heraclitus, EPEAEK, 08/11/03 – 31/12/07, Project Supervisor: Prof. Manolis G. Kavussanos

Indicative Publications

The research work of faculty members that cooperate with the laboratory has been published in international scientific journals and edited volumes, such as:

  • Applied Economics
  • Applied Economics Letters
  • Applied Financial Economics
  • Economica
  • European Financial Management
  • European Journal of Finance
  • International Journal of Monetary Economics and Finance
  • International Research Journal of Finance and Economics
  • Journal of Banking and Finance
  • Journal of Derivatives
  • Journal of Economics Dynamics and Control
  • Journal of Financial and Quantitative Analysis
  • Journal of Forecasting
  • Journal of Futures Markets
  • Journal of International Financial Markets, Institutions and Money
  • Journal of the Royal Statistical Society (Series A)
  • Journal of the Royal Statistical Society (Series A, Statistics in Society)
  • Maritime Economics and Logistics
  • Review of Derivatives Research

Orgnaization of Conferences

  • European Financial Management Association Conference (EFMA) was held in Athens in 2008 and the laboratory has actively supported the organization of the conference.

Organization of Educational Seminars

  • “Weekly Seminar Series”, in which speakers are invited from Greece and abroad, to present their research: http://www.aislab.aueb.gr/accfin/listOfSeminars.asp
  • Lectures - Educational Seminars
    • Computer room organized at undergraduate and postgraduate levels, in subjects such as:
    • Quantitative Methods in Finance
    • Financial Econometrics
    • Quantitative Methods in Accounting
    • Computational Finance
    • Accounting Information Systems and Internal Control
    • Equity portfolio management and analysis
  • Educational Seminars:
    • Bloomberg
    • DataStream database
    • Thomson One
    • Matlab Application Package

Support of PhD Theses

The laboratory supports PhD research theses, some of which are indicated below:

  • Dimitrakopoulos Dimitrios, "Measuring Market Risk in Financial and Freight Markets" Thesis Supervisor: Prof. Manolis G. Kavussanos, 2009
  • Agoraki Maria-Eleni, "Developments in the European Banking Industry (Corporate Governance, Performance, Competition and Reform)" Thesis Supervisor: Georgourtsos Dimitrios, 2009
  • Tsounia Anna, "Mergers, Issue of Dept, Dividend Announcements and Market Efficiency. The case of the London and Athens Stock Exchanges" Thesis Supervisor: Prof. Manolis G. Kavussanos, 2008
  • Kounitis Thomas, “An Empirical Investigation of Corporate Credit Spreads and returns”, Thesis Supervisor: Prof. Dimitrios Georgoutsos, 2007
  • Rompolis Leonidas, “On the Use of the Risk Neutral Moments to Estimate the Risk Neutral Density and to Forecast the Future Movements of Stock Returns”, Thesis Supervisor: Prof. Dimitrios Georgoutsos, 2006
  • Bekiros Stelios, “Advanced Techniques in Financial Risk Measurement”, Thesis Supervisor: Prof. Dimitrios Georgoutsos, 2005

Laboratory Equipment

The laboratory has a modern computer network of 24 terminals and is also equipped with specialized software and databases that contribute to the research and the teaching process both at undergraduate and postgraduate levels. All Students (undergraduates and postgraduates), faculty members and other researchers have access to:

  • Databases, such as:
  • Bloomberg
  • DataStream, I/B/E/S (Institutional Brokers Estimate System)
  • Thomson One
  • Thomson Deal Scan
  • ICAP
  • Compustat North America
  • Clarksons
  • PerTrac Financial Solutions
  • CRSP (The Centre for Research in Security Prices)
  • The Internet for effective communication and information gathering
  • The AUEB network, to electronic journals and electronic databases, such as:
  • EBSCO
  • HEAL-Link
  • Business Source Complete
  • SwetsWise
  • JSTOR
  • Ελληνικά Περιοδικά
  • Balance of Payments Statistics
  • Basic Business Information
  • Econlit
  • International Financial Statistics
  • Source OECD
  • World Development Indicators
  • Econometric and statistical software, such as:
  • EViews
  • Stata
  • MATLAB
  • WinRATS
  • SPSS
  • OxMetrics
  • Eval