Kavussanos, Manolis

Ph.D. in Applied Economics of CASSBusiness School of City University London

Visiting Professor of Shanghai MaritimeUniversity

Introduction

Professor Kavussanos is a visiting professor at Shanghai Maritime University. He is currently a professor at Athens University of Economics and Business in Greece and serves as the director of the Financial Research Center of the university. He founded and led the master's courses in logistics and finance at CASS Business School, City University London.

He has been committed to the development of shipping in risk analysis and management. He has written numerous articles in the fields of finance, shipping and applied economics. Many of his academic professional papers have been published in top international professional journals, conference proceedings and books.

Main Research Areas

Professor Kavussanos focuses on financial derivatives, investment and portfolio management, financial management, corporate finance, shipping, economic models (applied economics) and quantitative methods (mathematics, statistics and commercial operations research), etc.

The main academic achievements

The main work

1.      “Derivatives in Freight Markets”, Special Report Commissioned by Lloyd’s Shipping Economist, A Lloyd’s MIU Publication, Informa Business, London, November 2007, with Ilias Visvikis.

2.      “Capital Markets and the Shipping Industry”, Special Report Commissioned by Lloyd’s Shipping Economist, A Lloyd’s MIU Publication, Informa Business, London, August 2007, with Ilias Visvikis.

3.      “Derivatives and Risk Management in Shipping”, 1stEdition, Witherbys Publishing & Seamanship International, United Kingdom, June 2006, with Ilias Visvikis.

The main thesis

1.      Kavussanos, Manolis G. & Dimitrakopoulos, Dimitris N., 2011. "Market risk model selection and medium-term risk with limited data: Application to ocean tanker freight markets," International Review of Financial Analysis, Elsevier, vol. 20(5), pages 258-268.

2.      Dimitrakopoulos, Dimitris N. & Kavussanos, Manolis G. & Spyrou, Spyros I., 2010. "Value at risk models for volatile emerging markets equity portfolios," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(4), pages 515-526, November.

3.      Manolis Kavussanos & Ilias Visvikis & Dimitris Dimitrakopoulos, 2010. "Information linkages between Panamax freight derivatives and commodity derivatives markets," Maritime Economics and Logistics, Palgrave Macmillan, vol. 12(1), pages 91-110, March.

4.      Manolis Kavussanos & Ilias Visvikis, 2008. "Hedging effectiveness of the Athens stock index futures contracts," The European Journal of Finance, Taylor & Francis Journals, vol. 14(3), pages 243-270.

5.      Manolis G. Kavussanos & Ilias D. Visvikis & Panayotis D. Alexakis, 2008. "The Lead-Lag Relationship Between Cash and Stock Index Futures in a New Market," European Financial Management, European Financial Management Association, vol. 14(5), pages 1007-1025.

6.      Manolis G. Kavussanos & Ilias D. Visvikis, 2006. "Shipping freight derivatives: a survey of recent evidence," Maritime Policy & Management, Taylor & Francis Journals, vol. 33(3), pages 233-255, July.

7.      Manolis Kavussanos & Ilias Visvikis & David Menachof, 2005. "The Unbiasedness Hypothesis in the Freight Forward Market: Evidence from Cointegration Tests," Review of Derivatives Research, Springer, vol. 7(3), pages 241-266, October.

8.      Kavussanos, Manolis G. & Talley, Wayne K., 2004. "Shipping finance and port issues," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 40(4), pages 271-272, July.

9.      Kavussanos, Manolis G. & Visvikis, Ilias D. & Batchelor, Roy A., 2004. "Over-the-counter forward contracts and spot price volatility in shipping," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 40(4), pages 273-296, July.

10.   Kavussanos, Manolis G. & Visvikis, Ilias D., 2004. "Market interactions in returns and volatilities between spot and forward shipping freight markets," Journal of Banking & Finance, Elsevier, vol. 28(8), pages 2015-2049, August.

11.   Amir Alizadeh & Manolis Kavussanos & David Menachof, 2004. "Hedging against bunker price fluctuations using petroleum futures contracts: constant versus time-varying hedge ratios," Applied Economics, Taylor & Francis Journals, vol. 36(12), pages 1337-1353.