PROFESSOR OF FINANCIAL ECONOMICS, AUDENCIA BUSINESS SCHOOL
BOARD OF DIRECTORS, UNIVERSITY OF IOANNINA

SHORT BIO
Manthos Delis is a Professor of Financial Economics at Audencia Business School and Member of the Board of Directors at the University of Ioannina.
His current research emphasizes the role of sustainable finance (especially bank credit) in modern societies. More than 60 of his papers are published in top-tier journals, with 10 publications in FT-listed journals (Journal of Business Ethics, Journal of Financial Economics, Journal of Financial & Quantitative Analysis, Management Science, Operations Research, Review of Finance), 21 in ABS 4 journals, and many other in top-field journals (European Journal of Operational Research, Journal of Banking & Finance, Journal of Corporate Finance, Journal of Development Economics, Journal of Money, Credit & Banking, etc.).
He has been a full professor since the age of 33 and IDEAS ranks his research among the top 1% economics researchers in the world. Among other awards, on March 2019, he was externally nominated for the USERN Prize 2019 based on his academic performance in the recent two years.
He is a co-founder and member of the organizing committee of the Endless Summer Conference on Financial Intermediation and Corporate Finance (CEPR conference). He is also a member of the program committee of the Swiss Winter Conference on Financial Intermediation, and a member of the scientific committee of the Hellenic Finance and Accounting Association (HFAA). He serves as an Associate Editor of the Journal of Financial Stability and the International Review of Finance.
Please check below for selected recent publications (his CV for a full list) and for several articles on the restructuring of the Greek economy.

ACADEMIC PAPERS
For a full list of my publication record and working papers click here
Working papers
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Corporate taxes and economic inequality: A credit channel (with E. Galariotis, M. Iosifidi, S. Ongena). SSRN. IDEAS.
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Too-big-to-strand? Bond versus bank financing in the transition to a low-carbon economy (with W. Beyene, De Greiff, K., and S. Ongena). CEPR.
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Inter alia presented at the 2nd Financial Economics Meeting: Crisis Challenges (FEM-2021).
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Gender of Firm Decision-Makers and Within-Firm Wage Disparity (with I. Hasan, M. Iosifidi, P. Politsidis, and A. Saunders). SSRN.
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Corporate Tax Changes and Credit Costs (with Y. Deli, I. Hasan, P, Politsidis, and A. Saunders). SSRN.
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Inter alia presented at the 2022 International Conference on Macroeconomic Analysis and International Finance (ICMAIF), the 2022 World Finance Conference, the 2021 World Finance Banking Symposium, the 11th National Conference of the Financial Engineering and Banking Society (FEBS), and the 2019 International Tax Conference (Beijing University of Technology).
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Global Evidence on Profit Shifting (with F. Delis, L. Laeven, and S. Ongena). CEPR.
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VOXEU story.
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Pollution permits and financing costs (with F. Antoniou, S. Ongena, and C. Tsoumas). Available as a CEPR working paper. SSRN.
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Inter alia presented at the 2021 European Banking Authority Policy Research Workshop, the 26th Annual Conference of the European Association of Environmental and Resource Economists, and the 19th Conference on Research on Economic Theory and Econometrics.
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Credit, income and inequality (with F. Fringuellotti and S. Ongena). Available as a NY Fed Working paper.
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Presented inter alia at: AEA 2021; Federal Reserve Week After Conference on Financial Markets and Institutions 2021; Paris December Finance Meeting; EFA 2020; EEA 2020; 9th MoFiR Workshop on Banking; CEPR’s Endless Summer Conference on Financial Intermediation and Corporate Finance.
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Recent publications
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Economic preferences over risk-taking and financing costs (with I. Hasan, M. Iosifidi, and C. Tsoumas). Journal of Corporate Finance, 80 (2023), 102423.
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Population diversity and financial risk-taking (with E. Dioikitopoulos and S. Ongena). Journal of Banking and Finance, 151 (2023), 106852.
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Gender, credit, and firm outcomes (with I. Hasan, M. Iosifidi, and S. Ongena). Journal of Financial and Quantitative Analysis, 57 (2022), 359-389.
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The cost of foreign-currency lending (with P. Politsidis and L. Sarno). Journal of Banking and Finance, 136 (2022), 106398.
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Forward guidance and corporate lending (with S. Hong, N. Paltalidis, and D. Philip). Review of Finance, (2021), rfab027.
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Economic condition and financial cognition (with E. Galariotis and J. Monne). Journal of Banking and Finance, 123 (2021), 106035.
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Management estimation in banking (with M. Iosifidi and M. Tsionas). European Journal of Operational Research, 284 (2020), 355-372.
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Enforcement actions on banks and the structure of loan syndicates (with M. Iosifidi, S. Kokas, S. Ongena, and D. Xefteris). Journal of Corporate Finance, 60 (2020).
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Democracy and credit (with I. Hasan and S. Ongena). Journal of Financial Economics, 136 (2020), 571-596.
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Enforcement of banking regulation and the cost of borrowing (with Y. Deli, I. Hasan, and L. Liu). Journal of Banking and Finance 101 (2019), 147-160.
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On the effect of business and economic university education on political ideology: An empirical note (with I. Hasan and M. Iosifidi). Journal of Business Ethics 155 (2019), 809-822.
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Formal enforcement actions and bank behavior (with C. Tsoumas and P. Staikouras). Management Science 63 (2017), 959-987.
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The risk-taking channel of monetary policy in the US: Evidence from loan-level data (with I. Hasan and N. Mylonidis). Journal of Money, Credit and Banking 49 (2017), 187-213.
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Bank market power and firm performance (with S. Kokas and S. Ongena). Review of Finance 21 (2017), 299-326.
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The effect of board directors from countries with different genetic diversity levels on corporate performance (with C. Gaganis, I. Hasan, and F. Pasiouras). Management Science 63 (2017), 231-249.
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Foreign ownership and market power in banking: Evidence from a world sample (with S. Kokas and S. Ongena). Journal of Money, Credit and Banking, 48 (2016), 449-483.
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Bank regulations and income inequality: Empirical evidence (with I. Hasan and P. Kazakis). Review of Finance 18 (2014), 1811-1846.
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On the estimation of marginal cost (with M. Iosifidi and E. Tsionas). Operations Research 62 (2014), 543-556.
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Bank competition, financial reform and institutions: The importance of being developed. Journal of Development Economics 97 (2012), 450-465.
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Supervisory effectiveness and bank risk (with P. Staikouras). Review of Finance 15 (2011), 511-543.
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Regulations and productivity growth in banking (with P. Molyneux and F. Pasiouras). Journal of Money, Credit, and Banking 43 (2011), 735-764.
SELECTED POLICY & MEDIA (Mostly in Greek)
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Financial institutions' exposure to fossil fuel assets. ECON committee, European Parliament.
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Global evidence on profit shifting: The role of intangible assets. VOX EU CEPR Policy Portal, October 2021
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Γιατί τα τρισ. της παγκόσμιας ρευστότητας δεν φτάνουν στην πραγματική οικονομία. Liberal, 20/12/2020.
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Pollution permits and financing costs. VOX EU CEPR Policy Portal, December 2020.
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Θα τολμήσει η κυβέρνηση να εφαρμόσει τις μεταρρυθμίσεις Πισσαρίδη; Liberal, 24/11/2020.
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Τι περιμένει η κυβέρνηση για να εφαρμόσει το προεκλογικό της πρόγραμμα; Liberal, 26/09/2020.
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Fuelling fossil fuel: Bond to bank substitution in the transition to a low-carbon economy. PRI Article, 24/04/2020.
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Πώς θα αποφύγουμε την βαθιά ύφεση. Liberal, 20/04/2020.
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Understanding the concept of Helicopter Money. Forbes France, 14/04/2020.
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Ήρθε η ώρα να τυπωθεί νέο χρήμα. Liberal, 19/03/2020.
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Strengthening the international role of the euro. Speech at the EESC, 04/01/2019.
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Ευρωεκλογές σε μία Ευρώπη που αλλάζει. Ομιλία ΕΟΠΕ, 16/03/2019.
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The carbon bubble and the pricing of bank loans. VOX EU Policy Porta, May 2018.
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Ανισότητα στην Ελλάδα. Liberal 11/12/2017.
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Ανισότητα, κίνδυνος φτώχειας και λύσεις. Dianeosis, Δεκέμβριος 2017.
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Τα ΑΕΙ, η αριστεία και οι κυβερνήσεις. Καθημερινή, 10/08/2017.
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Το πολιτικό-θεσμικό πρόβλημα της Ευρώπης. Ναυτεμπορική, 24/03/2017.
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Democratic development lowers the cost of credit. VOX CEPR Policy Portal, February 2017.
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Φορολογική πολιτική και ανισότητα των εισοδημάτων. Ναυτεμπορική, 12/10/2015.
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Πέντε ακαδημαϊκοί μιλούν στη «Ν» για τα βήματα που θα οδηγήσουν στην ανάκαμψη. Ναυτεμπορική 23/09/2015.
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Φοροδιαφυγή και ηλεκτρονικές πληρωμές. Greek Economists for Reform.
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Νεποτισμός, μεταρρυθμίσεις και επικράτηση των αρίστων. Καθημερινή, 09/08/2015.
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Το ταξικό ΟΧΙ και το μέλλον της ανισότητας. Καθημερινή, 12/07/2015.