Dr Panos Pouliasis

Reader in Energy Commodities Finance

Bayes Business School, Faculty of Finance

Contact

Visit Panos Pouliasis

Room BR5084, Bunhill Row

Postal address

Bayes Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Panos Pouliasis is a Reader in Energy/Commodities and Finance. Panos holds a BSc degree in Accounting and Finance with major in Finance from Athens University of Economics and Business, an MSc degree in Energy, Trade and Finance and a PhD degree in Finance from City, University of London. He joined City in 2005 as a researcher, working at The Costas Grammenos International Centre for Shipping, Trade and Finance. Since September 2012, he has been with the Faculty of Finance where he lectures on Financial Markets, Quantitative Methods and Commodity Derivatives. He has served as Director of the BSc in Business Studies and Director of the MSc in Energy, Trade & Finance.
His research interests are in the area of commodity and shipping risk management, volatility forecasting, econometrics, climate change, energy and weather derivatives. His research has appeared in leading academic journals such as Energy Economics, Transportation Research, Review of Finance, Tourism Management.

Qualifications

  • BSc, Athens University of Economics & Business, Greece
  • MSc, Bayes Business School (formerly Cass), City, University of London, United Kingdom
  • PhD, Bayes Business School (formerly Cass), City, University of London, United Kingdom

Administrative roles

  • Director; MSc in Energy, Trade & Finance, Cass Business School, City, University of London, Sep 2018 – Aug 2021
  • Admissions Tutor; MSc in Energy, Trade & Finance, Cass Business School, City, University of London, Sep 2017 – Aug 2021
  • Co-Director; MSc Energy, Trade & Finance, Cass Business School, City, University of London, Sep 2017 – Sep 2018
  • Director, BSc Business Studies, Cass Business School, City University London, Aug 2014 – Aug 2016

Employment

  • Senior Lecturer, Bayes Business School (formerly Cass), City, University of London, Aug 2013 – present
  • Lecturer, Bayes Business School (formerly Cass), City, University of London, Aug 2012 – Aug 2013
  • Research Assistant, Bayes Business School (formerly Cass), City, University of London, Oct 2005 – Aug 2012

Visiting appointments

  • Visiting Professor, ESCP Europe (London Campus), Jun 2018 – present
  • Visiting Professor, International Hellenic University (Greece), Jan 2014 – present

Fellowships

  • Higher Education Academy, Feb 2020 – present

Memberships of professional organisations

  • Founding Member, Hellenic Academics Association of GB, Feb 2016 – present
  • Scientific Committee Member, Euro Working Group for Commodities and Financial Modelling, Aug 2012 – present
  • Member, European Financial Management Association (EFMA), May 2011 – May 2013

Languages

Greek, Modern (1453-).

Expertise

Primary topics

  • Commodities
  • Shipping, Trade & Finance
  • Risk Management
  • Financial Econometrics
  • Portfolio Choice
  • Risk
  • Futures & Options
  • Asset Pricing
  • Quantitative Finance
  • Derivatives
  • Risk Modelling

Additional topics

  • Asset Valuation
  • Econometric & Statistical Methods
  • Finance
  • Financial Markets
  • Financial Risk & Risk Management
  • Transportation

Industries

  • commodities
  • energy
  • oil & gas
  • shipping

Research

Research topics

Energy Economics and Finance

Option Pricing Models, Risk Management, Forecasting, Financial Economics

Commodity Trading and Risk Management

Portfolio Optimisation & Management, Investment Timing, Financial Economics, Economics and Trade

Shipping Markets

Cycles / Investment Timing, Index Tracking, Derivatives Pricing, Behavioral Finance

Publications

Chapter

  1. Pouliasis, P.K., Papapostolou, N.C. and Visvikis, I.D. (2018). Investor Sentiment, Earnings Growth, and Volatility. Finance and Risk Management for International Logistics and the Supply Chain (pp. 109–127). Elsevier.

Conference papers and proceedings (6)

  1. Pouliasis, P., Papapostolou, N., Kyriakou, I. and Visvikis, I. (2017). Tail risk and the asset allocation problem in shipping equity portfolios. 27-30 June, Kyoto, Japan.
  2. Ballota, L., Fusai, G., Kyriakou, I., Pouliasis, P. and PAPAPOSTOLOU, N. (2017). Non-parametric and semi-parametric modelling of weather variables and cost-revenue analysis of ski resort establishments. The 3rd Symposium on Quantitative Finance and Risk Analysis (QFRA 2017) 15-16 June, CORFU, GREECE.
  3. Pouliasis, P.K., Nomikos, N.K. and Pouliassis, P. (2011). Forecasting petroleum futures markets volatility: The role of regimes & market conditions. Financial Management Association (European Meeting) Porto, Portugal.
  4. Nomikos, N.K., Kyriakou, I., Papapostolou, N.C. and Pouliasis, P.K. (2011). Freight options: price modelling and empirical analysis. 2011 Shipping Risk Management Symposium Hamburg.
  5. Papapostolou, N., Pouliasis, P., Andriosopoulos, K. and Pouliassis, P. (2009). Optimal Portfolio Selection and Index Tracking for the Shipping Equity Markets. International Association of Maritime Economists (IAME) Copenhagen, Denmark.
  6. Pouliasis, P.K., Alizadeh, A. and Nomikos, N. (2007). Markov Regime Switching Approach for Hedging Energy Commodities. CFC Commodities 2007 Birkbeck University, London, UK.

Internet publication

  1. Nomikos, N.K., Kyriakou, I., Papapostolou, N. and Pouliasis, P. (2013). A New Framework for Pricing Freight Option A New Model for Freight (2012).

Journal articles (21)

  1. Pouliasis, P. and Bentsos, C. (2024). Oil price uncertainty and the relation to tanker shipping. International Journal of Finance and Economics, 29(2), pp. 2472–2494. doi:10.1002/ijfe.2792.
  2. Dergiades, T. and Pouliasis, P.K. (2023). Should stock returns predictability be ‘hooked on’ long‐horizon regressions? International Journal of Finance & Economics, 28(1), pp. 718–732. doi:10.1002/ijfe.2446.

    [publisher’s website]

  3. Pouliasis, P.K., Papapostolou, N.C., Tamvakis, M.N. and Moutzouris, I.C. (2023). Carbon Emissions in the U.S.: Factor Decomposition and Cross-State Inequality Dynamics. Energy Journal, 44(6), pp. 135–161. doi:10.5547/01956574.44.6.ppou.
  4. Elyasiani, E., Hasan, I., Kalotychou, E., Pouliasis, P.K. and Staikouras, S.K. (2020). Banks’ equity performance and the term structure of interest rates. Financial Markets, Institutions & Instruments, 29(2), pp. 43–64. doi:10.1111/fmii.12125.

    [publisher’s website]

  5. Ballotta, L., Fusai, G., Kyriakou, I., Papapostolou, N.C. and Pouliasis, P.K. (2020). Risk management of climate impact for tourism operators: An empirical analysis on ski resorts. Tourism Management, 77, pp. 104011–104011. doi:10.1016/j.tourman.2019.104011.

    [publisher’s website]

  6. Pouliasis, P.K., Visvikis, I.D., Papapostolou, N.C. and Kryukov, A.A. (2020). A novel risk management framework for natural gas markets. Journal of Futures Markets, 40(3), pp. 430–459. doi:10.1002/fut.22067.
  7. Pouliasis, P.K. and Papapostolou, N.C. (2018). Volatility and Correlation Timing: The Role of Commodities. Journal of Futures Markets, 38(11), pp. 1407–1439. doi:10.1002/fut.21939.
  8. Pouliasis, P.K., Papapostolou, N.C., Kyriakou, I. and Visvikis, I.D. (2018). Shipping equity risk behavior and portfolio management. Transportation Research Part A: Policy and Practice, 116, pp. 178–200. doi:10.1016/j.tra.2018.06.016.
  9. Kyriakou, I., Pouliasis, P., Papapostolou, N.C. and Nomikos, N.K. (2018). Income Uncertainty and the Decision to Invest in Bulk Shipping. European Financial Management, 24(3), pp. 387–417. doi:10.1111/eufm.12132.
  10. Kyriakou, I., Pouliasis, P.K., Papapostolou, N.C. and Andriosopoulos, K. (2017). Freight derivatives pricing for decoupled mean-reverting diffusion and jumps. Transportation Research Part E: Logistics and Transportation Review, 108, pp. 80–96. doi:10.1016/j.tre.2017.09.002.

    [publisher’s website]

  11. Pouliasis, P., Kyriakou, I. and Papapostolou, N. (2017). On equity risk prediction and tail spillovers. International Journal of Finance & Economics, 22(4), pp. 379–393. doi:10.1002/ijfe.1594.

    [publisher’s website]

  12. Papapostolou, N.C., Pouliasis, P.K. and Kyriakou, I. (2017). Herd behavior in the drybulk market: an empirical analysis of the decision to invest in new and retire existing fleet capacity. Transportation Research Part E: Logistics and Transportation Review, 104, pp. 36–51. doi:10.1016/j.tre.2017.05.007.

    [publisher’s website]

  13. Kyriakou, I., Pouliasis, P.K. and Papapostolou, N.C. (2016). Jumps and stochastic volatility in crude oil prices and advances in average option pricing. Quantitative Finance, 16(12), pp. 1859–1873. doi:10.1080/14697688.2016.1211798.

    [publisher’s website]

  14. Papapostolou, N.C., Pouliasis, P.K., Nomikos, N.K. and Kyriakou, I. (2016). Shipping investor sentiment and international stock return predictability. Transportation Research Part E: Logistics and Transportation Review, 96, pp. 81–94. doi:10.1016/j.tre.2016.10.006.

    [publisher’s website]

  15. Kyriakou, I., Nomikos, N.K., Papapostolou, N.C. and Pouliasis, P.K. (2016). Affine‐Structure Models and the Pricing of Energy Commodity Derivatives. European Financial Management, 22(5), pp. 853–881. doi:10.1111/eufm.12071.

    [publisher’s website]

  16. Nomikos, N.K. and Pouliasis, P.K. (2015). Petroleum Term Structure Dynamics and the Role of Regimes. Journal of Futures Markets, 35(2), pp. 163–185. doi:10.1002/fut.21657.
  17. Papapostolou, N.C., Nomikos, N.K., Pouliasis, P.K. and Kyriakou, I. (2014). Investor Sentiment for Real Assets: The Case of Dry Bulk Shipping Market*. Review of Finance, 18(4), pp. 1507–1539. doi:10.1093/rof/rft037.

    [publisher’s website]

  18. Andriosopoulos, K., Doumpos, M., Papapostolou, N.C. and Pouliasis, P.K. (2013). Portfolio optimization and index tracking for the shipping stock and freight markets using evolutionary algorithms. Transportation Research Part E: Logistics and Transportation Review, 52, pp. 16–34. doi:10.1016/j.tre.2012.11.006.

    [publisher’s website]

  19. Nomikos, N.K., Kyriakou, I., Papapostolou, N.C. and Pouliasis, P.K. (2013). Freight options: Price modelling and empirical analysis. Transportation Research Part E: Logistics and Transportation Review, 51, pp. 82–94. doi:10.1016/j.tre.2012.12.001.

    [publisher’s website]

  20. Nomikos, N.K. and Pouliasis, P.K. (2011). Forecasting petroleum futures markets volatility: The role of regimes and market conditions. Energy Economics, 33(2), pp. 321–337. doi:10.1016/j.eneco.2010.11.013.
  21. Alizadeh, A.H., Nomikos, N.K. and Pouliasis, P.K. (2008). A Markov regime switching approach for hedging energy commodities. Journal of Banking and Finance, 32(9), pp. 1970–1983. doi:10.1016/j.jbankfin.2007.12.020.

Media

  1. Papapostolou, N.C., Nomikos, N.K., Pouliasis, P.K. and Kyriakou, I. (2013). Sentiment index guides asset play (2013).

Reports (6)

  1. Pouliasis, P. (2017). Oil and Gas Trading: A Practical Guide (Publication Review). International Energy Law Review, 3: Sweet & Maxwell.
  2. Nomikos, N.K., Kyriakou, I., Papapostolou, N.C. and Pouliasis, P.K. (2012). A new model for freight. Baltic Magazine, Think Publishing.
  3. Pouliasis, P.K., Nomikos, N.K. and Papapostolou, N.C. (2011). Analysis of Volatility and Correlation for CME Steel Products. London: Cass Business School, City University London.
  4. Andriosopoulos, K., Doumpos, M., Papapostolou, N.C. and Pouliasis, P.K. (2010). Optimal Portfolio Selection and Index Tracking for the Shipping Equity and Freight Rate Markets..
  5. Elyasiani, E., Hasan, I., Kalotychou, E., Pouliasis, P. and Staikouras, S.K. Yield curve changes and the bank's equity performance. Cass Business School, City University London.
  6. Staikouras, S.K., Pouliasis, P. and Kalotychou, E. ZCAPM and the bank's equity return generating process. Cass Business School, City University London.

Education

Course Directorship

- 2014 - 2016, BSc Business Studies, BSc Business Studies

Professional activities

Editorial activity (16)

  1. Maritime Policy & Management, Referee, Oct 2017 – present.
  2. Annals of Operations Research, Referee, 2016 – present.
  3. International Review of Economics and Finance, Referee, 2016 – present.
  4. Journal of Commodity Markets, Referee, 2016 – present.
  5. Journal of Energy Markets, Referee, 2016 – present.
  6. Manufacturing and Service Operations Management, Referee, 2015 – present.
  7. Quantitative Finance, Referee, 2015 – present.
  8. Transportation Research Part E: Logistics and Transportation Review, Referee, 2015 – present.
  9. Pacific-Basin Finance Journal, Referee, 2014 – present.
  10. Computers & Operations Research, Referee, 2014 – present.
  11. Journal of Futures Markets, Referee, 2014 – present.
  12. European Journal of Finance, Referee, 2013 – present.
  13. Journal of Banking and Finance, Referee, 2013 – present.
  14. International Journal of Financial Engineering and Risk Management, Referee, 2012 – present.
  15. The Energy Journal, Referee, 2011 – present.
  16. Energy Economics, Referee, 2009 – present.

Events/conferences (17)

  1. Annual Conference of the International Association of Maritime Economists. (Conference) Athens, Greece (2019). Review Panel.
    Paper: Hedging using forecast combinations: Evidence from Natural Gas Markets
    Author: Pouliasis, PK
    Co-authors: Visvikis, I.D., Papapostolou, N.K., Kryukov, A.
  2. Annual Conference of the International Association of Maritime Economists. (Conference) Kyoto, Japan (2017).
    Paper: Tail risk and the asset allocation problem in shipping equity portfolios
    Author: Pouliasis, P.K.
    Co-authors: Papapostolou, N.C, Kyriakou, I, Visvikis I.
  3. Management Chair Commitee, 3rd Symposium on Quantitative Finance and Risk Analysis. (Conference) Corfu, Greece (2017).
  4. Spring 2016 Conference of the Multinational Finance Society. (Conference) Lemesos, Cyprus (2016).
    Paper: Vessel Valuation: Model Formulation, Estimation and Optimal Investment Decision
    Author: Kyriakou I
    Co-authors: P. K. Pouliasis, N. C. Papapostolou, N. K. Nomikos
  5. 2nd Symposium on Quantitative Finance and Risk Analysis (QFRA 2016). (Conference) Rhodes, Greece (2016).
    Paper: Vessel Valuation: Model Formulation, Estimation and Optimal Investment Decision
    Author: Kyriakou I
    Co-authors: P. K. Pouliasis, N. C. Papapostolou, N. K. Nomikos
  6. 1st Symposium on Quantitative Finance and Risk Analysis (QFRA 2015). (Conference) Santorini, Greece (2015).
    Paper: Real Assets Investor Sentiment and International Stock Return Predictability
    Author: Papapostolou N.C.
    Co-authors: Pouliasis P.K., Nomikos N.K., Kyriakou I.
  7. 1st Symposium on Quantitative Finance and Risk Analysis (QFRA 2015). (Conference) Santorini, Greece (2015).
    Paper: Jumps and stochastic volatility in crude oil prices with application in option pricing
    Author: Kyriakou I.
    Co-authors: Pouliasis P.K., Papapostolou N.C.
  8. International Association of Maritime Economists - IAME. (Conference) Norfolk, Virginia, USA (2014).
    Paper: Shipping Investor Sentiment and International Financial Markets
    Author: Papapostolou N. C.
    Co-authors: Nomikos N. K., Pouliasis P. K., Kyriakou I.
  9. Winter 2014 Conference of the Multinational Finance Society. (Conference) Athens, Greece (2014).
    Paper: Affine-structure models and the pricing of energy commodity derivatives
    Author: Kyriakou I
    Co-authors: Nomikos N.K, Pouliasis, P.K., Papapostolou N.C.
  10. Investor Sentiment for Real Assets: The Case of Dry-Bulk Shipping Market. (Conference) Cass Business School, City University London (2013). Organising Committee.
  11. (Seminar) London, UK (2013).
    Paper: Investor Sentiment for Real Assets: The Case of Dry-Bulk Shipping Market
    Author: Papapostolou NC
    Co-authors: Nomikos, NK, Pouliasis, PK and Kyriakou, I
  12. The 51st Meeting of the Euro Working Group on Financial Modelling (EWGFM). (Conference) London, UK (2013).
    Paper: Pricing Asian-style options with discrete sampling under affine models: Application and analysis in the oil market
    Author: Pouliasis P K
    Co-authors: Kyriakou I, Nomikos N and Papapostolou N
  13. Managing the Risks of Commodities and Food Prices Conference. (Conference) London, UK (2012).
    Paper: Freight options: price modelling and empirical analysis
    Author: Nomikos NK
    Co-authors: Kyriakou, I, Papapostolou, NC and Pouliasis PK
  14. Shipping Risk Management Symposium. (Conference) Hamburg, Germany (2011).
    Paper: Freight options: price modelling and empirical analysis
    Author: Nomikos NK
    Co-authors: Kyriakou, I, Papapostolou, NC and Pouliasis, PK
  15. Financial Management Association (European Meeting). (Conference) Porto, Portugal (2011).
    Paper: Forecasting petroleum futures markets volatility: The role of regimes & market conditions
    Author: Pouliasis P K
    Co-authors: Nomikos N K
  16. International Association of Maritime Economists (IAME). (Conference) Copenhagen, Denmark (2009).
    Paper: Optimal Portfolio Selection and Index Tracking for the Shipping Equity Markets
    Author: Pouliasis P K
    Co-authors: Papapostolou N, Andriosopoulos K
  17. Commodities 2007 - Commodities and Finance Centre (CFC) of Birkbeck University. (Conference) London, UK (2007).
    Paper: Markov Regime Switching Approach for Hedging Energy Commodities
    Author: Pouliasis P K
    Co-authors: Alizadeh, A, Nomikos, N

Media appearances (4)

  1. Πάνος Κ. Πουλιάσης: Το αστέρι της επιστήμης στο Σίτι. (2015) Η Καθημερινή (newspaper).
  2. Changing face of ship finance. (2013) Lloyd's List (newspaper).
  3. Gauging the mood of shipping. (2013) Lloyd's List (newspaper).
  4. Sentiment index guides asset play. (2013) Lloyd's List (newspaper).