Chr Mav

Dr Christos Mavrovitis (Mavis)

Senior Lecturer in Finance and Accounting
BSc, MSc, SFHEA, PhD
+44 (0)1483 686572
60 MS 02
Wed: 11-12:00; Thu: 12-14:00; Feedback & Consultation hours (by appointment only)

Academic and research departments

Finance and Accounting, Surrey Business School.

About

Areas of specialism

Corporate Finance; Mergers and Acquisitions; Corporate Governance

University roles and responsibilities

  • Programme Director of MSc in International Corporate Finance, 2016 - Present
  • Staff Mid-career Development Lead, 2024 - Present
  • Internal Examiner of PhD Theses, 2013 - Present
  • Supervisor of MSc students, 2012 - Present
  • Personal Placement Tutor, 2012 - Present
  • Personal Academic Tutor, 2012 - Present

    Previous roles

    Programme Director of MSc in International Financial Management, 2015 - 2017
    Department Website Coordinator, 2012 - 2015
    PGR Summer School Tutor, 2013 - 2015
    Task force member of the University of Surrey Business and Economics Experiment (USBEE), 2017 - 2023

    Affiliations and memberships

    Senior Fellow of HEA (SFHEA)
    Awarded by Advance HE, the Senior Fellowship recognises professionals with a long-standing commitment to excellence in teaching, learning and leadership.
    Certified Management and Business Educator (CMBE)
    Awarded by the Chartered Association of Business Schools the CMBE is a professional status for business and management educators who meet the required standards and make a commitment to continuous professional development.

    Research

    Research interests

    Indicators of esteem

    • Referee for the Journal of Corporate Finance

    • Referee for Long Range Planning

    • Refereee for Journal of Management Studies

    • Referee for the British Accounting Review

    • Referee for European Financial Management

    • Referee for Corporate Governance: An International Review

    • Referee for European Journal of Finance

    • Referee for International Journal of the Economics of Business

    • Referee for International Journal of Banking, Accounting and Finance

    • Referee for International Review of Financial Analysis

    • Referee for Economic Modelling

    • Referee of Australian Journal of Management

    • Referee of R&D Management

    Invited Presentations

    • University of Southampton, Southampton, 2024
    • Queen's Management School, Belfast, Northern Ireland, 2023
    • Rotterdam School of Management (RSM), Erasmus University, Netherlands, 2022
    • Indian Institute of Management Ahmedabad (IIMA), Gujarat, India, 2022
    • Indian Institute of Management Ahmedabad (IIMA), Gujarat, India, 2020
    • Management School, University of Liverpool, Liverpool, UK, 2019
    • Indian Institute of Management Ahmedabad (IIMA), Gujarat, India, 2019
    • School of Business, Management, and Economics, University of Sussex, Sussex, UK, 2017
    • ICMA Centre, University of Reading, Reading, UK, 2017
    • Strathclyde Business School, University of Strathclyde, Glasgow, UK, 2016
    • Adam Smith Business School, University of Glasgow, Glasgow, UK, 2014

    External Examiner

    • University of Oxford, Said Business School, UK - Executive MBA, 2023 to date
    • Edinburgh Napier University, UK - Validation of accounting and finance UG and PG programmes, 2022
    • University of Hertfordshire, Hertfordshire, UK - BA (Hons) Finance, Accounting, 2015 - 2021

    Supervision

    Postgraduate research supervision

    Teaching

    Publications

    Highlights

    To view the full list of my publications and working papers please click the links below:

     

    Most recent publication

    Selling to buy: Asset sales, acquisition financing, and value creation

    Journal of Financial Research 2025, forthcoming

    In line with increased liquidity offered by asset sales, our findings show that firms selling large assets prior to acquisitions are more likely to use cash as payment method. Additionally, we find that in subsequent cash acquisitions, firms using cash stemming from asset sales experience higher announcement abnormal returns compared to firms using cash from other sources of funds, such as internally generated cash flows, debt financing, and equity issuance, which are linked to agency costs and information asymmetry effects. The higher wealth effects suggest that funds from asset sales are inflicted with relatively lower adverse valuation effects that are associated with other sources of funds.