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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.
Diplomas
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)
Experiences
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
Since 2012
University of London, SOAS Centre for Financial Management Studies, : Visiting Lecturer in Finance (DL)
2011 - 2011
University of Wolverhampton, : Visiting Lecturer in Finance
Publications
Forthcoming
KALAITZOGLOU I., DEMETRIADES E., (2026). Is High Liquidity Always High?.
Review of Quantitative Finance and Accounting
Published
KALAITZOGLOU I., (2026). Lost in the crowd! Pricing carbon at the age of algorithms.
International Review of Financial Analysis, 109, 104761
KALAITZOGLOU I., (2025). Cleaning the carbon market! Market transparency and market efficiency in the EU ETS.
Annals of Operations Research, 347, 501-533
IBRAHIM B. M., KALAITZOGLOU I., (2025). Crowdedness, Mispricing, Crashes, and Spikes.
Journal of Banking and Finance, 177, 177-485
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
Press articles
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. (2017). Rosatom and the new nuclear energy deals. Kommersant (Russia).
KALAITZOGLOU, I. (2017). CSR: A way forward or a fudge. Minutehack.com.
KALAITZOGLOU, I. (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.
Broadcast
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.
(2020) Maria Tselika : Behavioral Economics, Finance & Financial Vulnerability.
(2019) CongWei WANG : Innovation of financing modes during developments of new energy projects (photovoltaic ground power stations’.
(2018) Athanasios Stamoulis : Climate change and Energy Transition in European Union.
Since 2017 Hai Dang NGO : Intraday/Instantaneous risk measures.
Since 2016 Hoang Thi My Nguyen : Management Ownership and Intraday Information Resolution.
Since 2016 Nana Agyei : Liquidity in the EU ETS.
(2022) A. AHMAD HAWI : FACTORS LINKED WITH ENTREPRENEURIAL INTENTION AND SOCIAL IDENTITY: THE QATAR CONTEXT.
(2022) Y. YONGWEI LIU : Fair Value Hierarchical Measurement and Management Compensation Contract.
(2022) C. CULPING FENG : A Study on the Influencing Mechanism of Alcohol Use on Leadership Behavior.
(2018) Tom Steffen : Three essays on benchmarks, derivatives, and OTC markets.
(2017) Zeyang Zhou : The Impact of Market Conditions, Global Market Liquidity and High Frequency Trading on the Price Effects of Trades in Future Markets.