Dr Serafeim Tsoukas

  • Senior Lecturer (Economics)

telephone: 01413306325
email: Serafeim.Tsoukas@glasgow.ac.uk

Biography

Serafeim Tsoukas joined Economics at Glasgow in January 2011, and was previously an ESRC postdoctoral fellow at the University of Nottingham. He holds an Economics PhD from the University of Nottingham and further Economics degrees from the Universities of Nottingham (MSc) and Patras (BSc). 

Serafeim has held visiting research positions at the Bank for International Settlements, the Hong Kong Monetary Authority, the Federal Reserve Bank of San Francisco and Columbia Business School.

Research interests

Areas of expertise:

  • Corporate Finance    
  • Emerging Markets Finance  
  • Financial Economics    
  • Applied Macroeconomics   

Grants

SIRE Visiting  Research Fellowship, October 2013, £2,000.

Adam Smith Research Foundation - Asian bond markets, December 2012, £1,997.

Carnegie Trust - Research Grant, October 2011, £1,000.

BESTS - University of Nottingham, November 2010, £2,500.

Universitas 21 - Visiting fellowship, October 2010, £600.

Fitch Ratings - Market Implied Ratings, January 2008, £8,000.

ESRC - New Directions in the Economics of Finance, Postdoctoral Fellowship, October 2008, £134,000.

Supervision

Udichibarna Bose
Thesis title: Home bias in international portfolios: comparative study of developed and emerging market economies
Co-supervisor: Prof. Ronald MacDonald

Filipa Fernandes
Thesis title: Essays on firm behaviour and financing constraints in the euro area
Co-supervisor: Dr Alexandros Kontonikas

Kai Tim Wong
Thesis title: The contemporaneous and inter-temporal relationship of real exchange rate and real interest rate differential
Co-supervisor: Prof. Ronald MacDonald

Teaching

Postgraduate:  

Courses taught: Corporate Finance and Investment (MSc); Modern Theory of Banking and Finance (MSc); Financial Econometrics (MSc).

Undergraduate: 

Courses taught: Financial Economics (3rd Year Undergraduate).

Additional information

Publications

List by: Type | Date

Jump to: 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008
Number of items: 13.

2015

Mizen, P., Packer, F., Remolona, E., and Tsoukas, S. (2015) Capital structure and the issuance of corporate bonds emerging Asia. In: Azis, I. and Shin, H. S. (eds.) Global Shock, Risks, and Asian Financial Reform. Edward Elgar: Cheltenham. ISBN 9781783477937

Byrne, J., Spaliara, M. E., and Tsoukas, S. (2015) Firm survival, uncertainty and financial frictions: is there a financial uncertainty accelerator? Economic Inquiry, (In Press)

2014

Tsoukas, S., and Spaliara, M.E. (2014) Market implied ratings and financing constraints: evidence from US firms. Journal of Business Finance and Accounting, 41(1-2), pp. 242-269. (doi:10.1111/jbfa.12062)

Mizen, P., and Tsoukas, S. (2014) What promotes greater use of the corporate bond market? A study of the issuance behaviour of firms in Asia. Oxford Economic Papers, 66(1), pp. 227-253. (doi:10.1093/oep/gpt005)

2013

Spaliara, M.E., and Tsoukas, S. (2013) What matters for corporate failures in Asia? Exploring the role of firm-specific characteristics during the Asian crisis. Structural Change and Economic Dynamics, 26, pp. 83-96. (doi:10.1016/j.strueco.2012.12.002)

2012

Guariglia, A., Tsoukalas, J., and Tsoukas, S. (2012) Investment, irreversibility, and financing constraints: Evidence from a panel of transition economies. Economics Letters, 117(3), pp. 582-584. (doi:10.1016/j.econlet.2012.07.031)

Mizen, P., Packer, F., Remolona, E., and Tsoukas, S. (2012) Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets. Working Paper. Bank for International Settlements.

Mizen, P., and Tsoukas, S. (2012) The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises. Journal of Banking and Finance, 36(11), pp. 3048-3059. (doi:10.1016/j.jbankfin.2012.07.005)

Mizen, P., and Tsoukas, S. (2012) Forecasting US bond default ratings allowing for previous and initial state dependence in an ordered probit model. International Journal of Forecasting, 28(1), pp. 273-287. (doi:10.1016/j.ijforecast.2011.07.005)

2011

Tsoukas, S. (2011) Firm survival and financial development: evidence from a panel of emerging Asian economies. Journal of Banking and Finance, 35(7), pp. 1736-1752. (doi:10.1016/j.jbankfin.2010.12.008)

2010

Mizen, P., and Tsoukas, S. (2010) What Effect has Bond Market Development in Emerging Asia had on the Issuance of Corporate Bonds? Working Paper. Hong Kong Institute for Monetary Research.

Spaliara, M.E., and Tsoukas, S. (2010) The Role of Bond Finance in Firms’ Survival During the Asian Crisis. Working Paper. Hong Kong Institute for Monetary Research.

2008

Mizen, P., and Tsoukas, S. (2008) Evidence on the External Finance Premium from the US and Emerging Asian Corporate Bond Markets. Working Paper. Hong Kong Institute for Monetary Research.

This list was generated on Thu Mar 26 21:00:17 2015 GMT.
Number of items: 13.

Articles

Byrne, J., Spaliara, M. E., and Tsoukas, S. (2015) Firm survival, uncertainty and financial frictions: is there a financial uncertainty accelerator? Economic Inquiry, (In Press)

Tsoukas, S., and Spaliara, M.E. (2014) Market implied ratings and financing constraints: evidence from US firms. Journal of Business Finance and Accounting, 41(1-2), pp. 242-269. (doi:10.1111/jbfa.12062)

Mizen, P., and Tsoukas, S. (2014) What promotes greater use of the corporate bond market? A study of the issuance behaviour of firms in Asia. Oxford Economic Papers, 66(1), pp. 227-253. (doi:10.1093/oep/gpt005)

Spaliara, M.E., and Tsoukas, S. (2013) What matters for corporate failures in Asia? Exploring the role of firm-specific characteristics during the Asian crisis. Structural Change and Economic Dynamics, 26, pp. 83-96. (doi:10.1016/j.strueco.2012.12.002)

Guariglia, A., Tsoukalas, J., and Tsoukas, S. (2012) Investment, irreversibility, and financing constraints: Evidence from a panel of transition economies. Economics Letters, 117(3), pp. 582-584. (doi:10.1016/j.econlet.2012.07.031)

Mizen, P., and Tsoukas, S. (2012) The response of the external finance premium in Asian corporate bond markets to financial characteristics, financial constraints and two financial crises. Journal of Banking and Finance, 36(11), pp. 3048-3059. (doi:10.1016/j.jbankfin.2012.07.005)

Mizen, P., and Tsoukas, S. (2012) Forecasting US bond default ratings allowing for previous and initial state dependence in an ordered probit model. International Journal of Forecasting, 28(1), pp. 273-287. (doi:10.1016/j.ijforecast.2011.07.005)

Tsoukas, S. (2011) Firm survival and financial development: evidence from a panel of emerging Asian economies. Journal of Banking and Finance, 35(7), pp. 1736-1752. (doi:10.1016/j.jbankfin.2010.12.008)

Book Sections

Mizen, P., Packer, F., Remolona, E., and Tsoukas, S. (2015) Capital structure and the issuance of corporate bonds emerging Asia. In: Azis, I. and Shin, H. S. (eds.) Global Shock, Risks, and Asian Financial Reform. Edward Elgar: Cheltenham. ISBN 9781783477937

Research Reports or Papers

Mizen, P., Packer, F., Remolona, E., and Tsoukas, S. (2012) Why do firms issue abroad? Lessons from onshore and offshore corporate bond finance in Asian emerging markets. Working Paper. Bank for International Settlements.

Mizen, P., and Tsoukas, S. (2010) What Effect has Bond Market Development in Emerging Asia had on the Issuance of Corporate Bonds? Working Paper. Hong Kong Institute for Monetary Research.

Spaliara, M.E., and Tsoukas, S. (2010) The Role of Bond Finance in Firms’ Survival During the Asian Crisis. Working Paper. Hong Kong Institute for Monetary Research.

Mizen, P., and Tsoukas, S. (2008) Evidence on the External Finance Premium from the US and Emerging Asian Corporate Bond Markets. Working Paper. Hong Kong Institute for Monetary Research.

This list was generated on Thu Mar 26 21:00:17 2015 GMT.