Published papers

• Pouliasis, P., Papapostolou, N.C., Tamvakis, M. and Moutzouris, I. (2023). Carbon Emissions in the US: Factor Decomposition and Cross-State Inequality Dynamics. Energy Journal, 44(6), pp. 113–140.

• Nomikos, N.K. and Tsouknidis, D.A. (2022). Disentangling demand and supply shocks in the shipping freight market: their impact on shipping investments. Maritime Policy & Management pp. 1–19. doi:10.1080/03088839.2021.2017041.
• Kilian, L., Nomikos, N.K. and Zhou, X. (2022). A Quantitative Model of the Oil Tanker Market in the Arabian Gulf. Energy Journal.

• Gómez‐Valle, L., Kyriakou, I., Martínez‐Rodríguez, J. and Nomikos, N.K. (2021). Estimating risk‐neutral freight rate dynamics: A nonparametric approach. Journal of Futures Markets, 41(11), pp. 1824–1842. doi:10.1002/fut.22244.
• Giamouzi, M. and Nomikos, N.K. (2021). Identifying shipowners’ risk attitudes over gains and losses: Evidence from the dry bulk freight market. Transportation Research Part E: Logistics and Transportation Review, 145, pp. 102129–102129. doi:10.1016/j.tre.2020.102129.

• 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.
• 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.
• Moutzouris, I. and Nomikos, N. (2020). Asset Pricing with Mean reversion: The Case of Ships. Journal of Banking and Finance, 111. doi:10.1016/j.jbankfin.2019.105708.
• Marchese, M., Kyriakou, I., Tamvakis, M. and Di Iorio, F. (2020). Forecasting crude oil and refined products volatilities and correlations: New evidence from fractionally integrated multivariate GARCH models. Energy Economics pp. 104757–104757. doi:10.1016/j.eneco.2020.104757.

• Lim, K.G., Nomikos, N.K. and Yap, N. (2019). Understanding the fundamentals of freight markets volatility. Transportation Research Part E: Logistics and Transportation Review, 130, pp. 1–15. doi:10.1016/j.tre.2019.08.003.
• Moutzouris, I.C. and Nomikos, N.K. (2019). Earnings yield and predictability in the dry bulk shipping industry. Transportation Research Part E: Logistics and Transportation Review, 125, pp. 140–159. doi:10.1016/j.tre.2019.03.009.
• Nomikos, N. and Regli, F. (2019). The Eye in the Sky - Freight Rate Effects of Tanker Supply. Transportation Research Part E: Logistics and Transportation Review. doi:10.1016/j.tre.2019.03.015.
• Alizadeh, A., Huang, C.-.Y. and Marsh, I. (2019). Modelling the Volatility of TOCOM Energy Futures: A Regime Switching Realised Volatility Approach. Energy Economics. doi:10.1016/j.eneco.2019.06.019.

• 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.
• 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.
• 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.
• Nomikos, N. and Moutzouris, I. (2018). The Formation of FFA Rates in Dry Bulk Shipping: Spot Rates, Risk Premia and Heterogeneous Expectations. Journal of Futures Markets. doi:10.1002/fut.21980.
• Karimalis, E.N. and Nomikos, N.K. (2018). Measuring systemic risk in the European banking sector: a copula CoVaR approach. The European Journal of Finance, 24(11), pp. 944–975. doi:10.1080/1351847x.2017.1366350.
• Abouarghoub, W., Nomikos, N.K. and Petropoulos, F. (2018). On reconciling macro and micro energy transport forecasts for strategic decision making in the tanker industry. Transportation Research Part E: Logistics and Transportation Review, 113, pp. 225–238. doi:10.1016/j.tre.2017.10.012.
• Ahrends, M., Drobetz, W. and Nomikos, N. (2018). Corporate Cash Holdings in the Shipping Industry. Transportation Research Part E: Logistics and Transportation Review, 112, pp. 107–124. doi:10.1016/j.tre.2017.10.016.
• Adland, R. and Alizadeh, A.H. (2018). Explaining price differences between physical and derivative freight contracts. Transportation Research Part E: Logistics and Transportation Review, 118, pp. 20–33. doi:10.1016/j.tre.2018.07.002.

• 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.
• 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.
• 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.
• Alizadeh, A.H., Thanopoulou, H. and Yip, T.L. (2017). Investors’ behavior and dynamics of ship prices: A heterogeneous agent model. Transportation Research Part E: Logistics and Transportation Review, 106, pp. 98–114. doi:10.1016/j.tre.2017.07.012.

• 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.
• 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.
• 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.
• Alizadeh, A.H., Strandenes, S.P. and Thanopoulou, H. (2016). Capacity retirement in the dry bulk market: A vessel based logit model. Transportation Research Part E: Logistics and Transportation Review, 92, pp. 28–42. doi:10.1016/j.tre.2016.03.005.
• Alizadeh, A.H. and Tamvakis, M. (2016). Market conditions, trader types and price–volume relation in energy futures markets. Energy Economics, 56, pp. 134–149. doi:10.1016/j.eneco.2016.03.001.
• de Menezes, L.M., Houllier, M.A. and Tamvakis, M. (2016). Time-varying convergence in European electricity spot markets and their association with carbon and fuel prices. Energy Policy, 88, pp. 613–627. doi:10.1016/j.enpol.2015.09.008.

• Andriosopoulos, K. and Nomikos, N. (2015). Risk management in the energy markets and Value-at-Risk modelling: a hybrid approach. The European Journal of Finance, 21(7), pp. 548–574. doi:10.1080/1351847x.2013.862173.
• 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.
• Alizadeh, A.H., Huang, C.-.Y. and van Dellen, S. (2015). A regime switching approach for hedging tanker shipping freight rates. Energy Economics, 49, pp. 44–59. doi:10.1016/j.eneco.2015.01.004.
• Alizadeh, A.H., Kappou, K., Tsouknidis, D. and Visvikis, I. (2015). Liquidity effects and FFA returns in the international shipping derivatives market. Transportation Research Part E: Logistics and Transportation Review, 76, pp. 58–75. doi:10.1016/j.tre.2015.02.001.

• 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.
• Andriosopoulos, K. and Nomikos, N. (2014). Performance replication of the Spot Energy Index with optimal equity portfolio selection: Evidence from the UK, US and Brazilian markets. European Journal of Operational Research, 234(2), pp. 571–582. doi:10.1016/j.ejor.2013.09.006.
• Nomikos, N. and Salvador, E. (2014). The role of volatility regimes on volatility transmission patterns. Quantitative Finance, 14(1), pp. 1–13. doi:10.1080/14697688.2013.822537.
• Alizadeh, A.H. and Muradoglu, G. (2014). Stock market efficiency and international shipping-market information. Journal of International Financial Markets, Institutions and Money, 33, pp. 445–461. doi:10.1016/j.intfin.2014.10.002.

• Alizadeh A.H., Nomikos N.K. (2012), 'Ship Finance: Hedging Ship Price Risk using Freight Derivatives' in Wayne K Talley (ed.), Blackwell Companion to Maritime Economics, ed. 1st , Wiley-Blackwell, p.433-451; [Peer Reviewed]
• Grammenos C.Th., Papapostolou N.C. (2012), ' Ship Finance: US Public Equity Markets ' in Talley W.K (ed.), The Blackwell Companion to Maritime Economics (by invitation), ed. 1st , USA: Wiley-Blackwell(Ch. 20), p.392-416, ISBN 978-1-4443-3024-3 ; [Peer Reviewed]
• Grammenos C.Th., Papapostolou N.C. (2012), ' Ship Finance: US High Yield Bond Market ' in Talley W.K (ed.), The Blackwell Companion to Maritime Economics (by invitation), ed. 1st , USA: Wiley-Blackwell(Ch.21), p.417-432, ISBN 978-1-4443-3024-3 ; [Peer Reviewed]
• Grammenos C.Th., Papapostolou N.C. (2012), ' US Shipping Initial Public Offerings: Do Prospectus and Market Information Matter? ', Transportation Research Part E: Logistics and Transportation Review, 48(1), p.276-295; [Peer Reviewed]
• Nomikos N.K, Andriosopoulos, K. (2012), 'Modelling Energy Spot Prices: Empirical Evidence from NYMEX', Energy Economics, 34(4), p.1153-1169; [Peer Reviewed]
• Nomikos N.K., Kyriakou I., Papapostolou N.C., Pouliasis P.K. (2012), 'Option Pricing: A New Model for Freight', The Baltic, Think Publishing
• Tamvakis M. (2012), 'International Seaborne Trade' in Wayne K. Talley (ed.), The Blackwell Companion to Maritime Economics (by invitation), Wiley-Blackwell, p.52-86; [Peer Reviewed]
• Tamvakis M., Lin, S.X., Jin, X. (2012 Forthcoming), 'Volatility transmission and volatility impulse response functions in crude oil markets', Energy Economics; [Peer Reviewed]

• Grammenos C.Th., Papapostolou N.C. (2010), 'Ship Finance: US Public Equity Markets' in Talley W.K (ed.), The Blackwell Companion to Maritime Economics (by invitation), ed. 1st (forthcoming) , Wiley-Blackwell(Chapter 20); [Peer Reviewed]
• Grammenos C.Th., Papapostolou N.C. (2010), 'Ship Finance: US High Yield Bond Market' in Talley W.K (ed.), The Blackwell Companion to Maritime Economics (by invitation), ed. 1st (forthcoming), Wiley-Blackwell (Chapter 21); [Peer Reviewed]
• Lin S. X., Tamvakis, M. (2010), 'OPEC announcements and their effects on crude oil prices', Energy Policy, 38(2), p.1010-1016; keywords: OPEC; Event study; Price bands; [Peer Reviewed]
• Lin S X, O'Brien, M (2010), 'Global Carbon Trading', POSTnote 354, Parliamentary Office of Science and Technology: Parliament; sponsored by: NESTA ; keywords: Carbon Trading ETS
• Mangal V, Roels, G., B, Son, and C., Tang (2010 Forthcoming), 'An Approach for Developing a MBA curriculum to meet the career objectives of MBA students with Engineering/Science background', International Journal of Engineering Management and Economics; [Peer Reviewed]
• Nomikos N, Alizadeh, A. (2010 Forthcoming), 'Dynamics of the Term Structure and Volatility of Shipping Freight Rates', Journal of Transport Economics and Policy; [Peer Reviewed]
• Nomikos N. K, Pouliasis P. K. (2010 Forthcoming), 'Forecasting petroleum futures markets volatility: The role of regimes & market conditions', Energy Economics; keywords: Petroleum Markets, Regime-Dependent Volatility, Forecasting, Reality Check,Value-at-Risk; [Peer Reviewed]
• Nomikos N, Soldatos, O. A. (2010), 'Analysis of model implied volatility for jump diffusion models: Empirical evidence from the Nordpool market', Energy Economics, 32(2), p.302-312; [Peer Reviewed]
• Nomikos N., Soldatos, O. A. (2010), 'Modelling Short and Long-Term Risks in Power markets: Empirical Evidence from Nordpool', Energy Policy, 38 (10), p.5671-5683; [Peer Reviewed]
• Sodhi M (2010 Under review or revision), 'The Core Bullwhip Effect in an Arborescent Supply Chain', EJOR; [Peer Reviewed]
• Sodhi M, Son, B-. G. (2010), 'Content analysis of OR job advertisements to infer required skills ', Journal of the Operational Research Society, 61, p.1315 --1327; [Peer Reviewed]
• Sodhi M, C. Tang (2010), 'Supply chain risk management' in James J. Cochran (Editor-in-Chief) (ed.), Wiley Encyclopedia of Operations Research and Management Science, 8 volume-set, Wiley; [Peer Reviewed]
• Sodhi M, C. Tang (2010 Forthcoming), 'Determining supply requirement in the sales-and-operations-planning (S&OP) process under demand uncertainty: A stochastic programming formulation and a spreadsheet implementation', JORS; [Peer Reviewed]
• Sodhi M, C. Tang (eds) (2010), 'A Long View of Research and Practice in Operations Research and Management Science: The Past and the Future', Springer-Verlag (OR/MS Series-F. Hillier), ISBN 978-1-4419-6809-8
• Son B., Menachof, D. and Hong, E (2010), 'Exploring the Link between IT Systems and the Outsourcing Of Logistics Activities: A Transaction Cost Perspective ', International Journal of Logistics: Research and Applications, 13(1), p.41 - 57; [Peer Reviewed]
• Tamvakis M (2010), 'Energy Economics and Trade' in C Th Grammenos (ed.), The Handbook of Maritime Economics and Business, ed. 2nd , London: Lloyd's List, Informa, p.117-178, ISBN 978-1-84311-880-0 ; [Peer Reviewed]
• Tamvakis M (2010), 'International Seaborne Trade' in W Talley (ed.), The Blackwell Encyclopedia of Maritime Economics (by invitation), Blackwell Publishing; [Peer Reviewed]

• Grammenos C. Th. (2009), 'Development & Issues in Shipping Finance' in Meersman, H., Van de Voorde, E., Vaulslander, T. (ed.), Future Challenge to the Port & Shipping Sector, London: Informa, p.127-141 (Peer Reviewed)
• Lin, S.X. and Feng, X (2009) "Explaining credit spread of commercial papers in China", book chapter edited by Wu, Zhongming, "Financial sector reform and the international integration of China: an overview", Routledge.
• Lin, S.X. and M. Tamvakis, "OPEC announcements and their effect on oil prices," Energy Policy, (forthcoming);
• Nomikos N, Alizadeh, A (2009), 'Shipping Derivatives and Risk management', London: Palgrave McMillan
• Sodhi M. S., Son, B. (2009 Forthcoming), 'Content Analysis of O.R. Job Advertisements to Infer Required Skills', Journal of the Operational Research Society; [Peer Reviewed]
• Sodhi M, Son, B. (2009), 'Supply-Chain Partnership Performance', Transportation Research Part E: Logistics and Transportation Review, 45(6), p.937-945; [Peer Reviewed]
• Son B., Menachof, D. and Hong, E (2009 Forthcoming), 'Exploring the Link between IT Systems and the Outsourcing of Logistics Activities: A Transaction Cost Perspective ', International Journal of Logistics: Research and Applications; [Peer Reviewed]
• Tamvakis M, S.X. Lin (2009 conditionally accepted), 'OPEC announcements and their effects on crude oil prices', Energy Policy; [Peer Reviewed]

• Grammenos, C. Th., Nomikos, N., Papapostolou, N. (2008), 'Estimating the probability of default for shipping high yield bond issues', Transportation Research, November 2008, Part E, Logistics and Transportation Review, 44(6), p.1123-1138; keywords: High yield bonds; Probability of default; Logit model; Shipping; [Peer Reviewed]
• Menachof, D. and Son, B.G. (2008). "Classification of Supply Chain Partnerships and the Framework of Partnership Management Scheme" - Targeted for International Journal of Logistics Management (currently in final draft form).
• Nomikos N, Soldatos, O. (2008), 'Using Affine Jump Diffusion Models for Modelling and Pricing Electricity Derivatives', Applied Mathematical Finance, 15(1), p.41-71; [Peer Reviewed]
• Nomikos N, Alizadeh A. H., P. K. Pouliassis (2008), 'A Markov regime switching approach for hedging energy commodities', Journal of Banking and Finance, 32(9), p.1970-1983; keywords: Commodity markets; Futures markets hedging; Dynamic hedging; Markov regime switching models; [Peer Reviewed]
• Nomikos N, Alizadeh, A. H. (2008), 'Performance of statistical arbitrage in petroleum futures markets', Journal of Energy Markets, 1(2); [Peer Reviewed]
• Sodhi, M. S., Son, B. and Bhalla A., (2008), 'Is More IT Offshoring Better?: An Exploratory Study of Western Companies Offshoring to South East Asia', Journal of Operations Management, 26(2), p.322-335; [Peer Reviewed]
• Sodhi M. S., Son, B. (2008), 'ASP, the Art and Science of Practice: Skills Employers Want from Operations Research Graduates', Interfaces, Mar/Apr2008: 38 (2), p.140-146; [Peer Reviewed]
• Sodhi M. S., Son, B-. G. and Tang, C. S. (2008), 'ASP, The Art and Science of Practice: What Employers Demand from Applicants for MBA-Level Supply Chain Jobs and the Coverage of Supply Chain Topics in MBA Courses.', Interfaces, Nov/Dec2008: 38(6), p.469-484; [Peer Reviewed]
• Son, B. G. and Jon J., Hong, E. (2008), 'The Changing Face of Operations Management' in Chris Rowley, Yongsun Paik (ed.), The Changing Face of South Korean Management, p.77-99; [Peer Reviewed]

• Alizadeh, A. and Verioti, C. (2007). "Tanker Trends; Double Vision" - Lloyd's Shipping Economist, April 2007, Informa, Pages 23-26.
• Grammenos, C. Th., Alizadeh, A. and Papapostolou, N.(2007). "Factors Affecting the Dynamics of Yields Premia on Shipping Seasoned High Yield Bonds" - Transportation Research, Part E.
• Nomikos, N. and Soldatos, O. (2007). "Using Affine Jump Diffusion Models for Modelling and Pricing Electric Derivatives" - Applied Mathematical Finance.
• Son, B.G., Bhalla, A. and Sodhi, M. (2007) "Is More IT Offshoring Better? An Exploratory Study of Western Companies Offshoring to South East Asia" - Journal of Operations Management.

• Alizadeh, A. and Nomikos, N. (2006). "Investment Timing and Trading Strategies in the Sale and Purchase Market for Ships" - Transportation Research, Part B, Methodological.
• Alizadeh, A. and Nomikos, N. (2006). "Trading Strategies in the Market for Tankers" - Maritime Policy and Management, Vol. 33, Part 2, Pages 119-140.
• Alizadeh, A., Batchelor, R and Visvikis, I. (2006). "Forecasting Spot and Forward Prices In The International Freight Market" - International Journal of Forecasting.
• Alizadeh, A., Adland, R., and Koekebakker, S. (2006). "Predictive Power and Unbaisedness of Implied Forward Charter Rates" - Journal of Forecasting.
• Lin, S.X. and Tamvakis, M. (2006)."OPEC Announcements and The Effect On Oil Prices" - (R&R), Energy Economics.
• Menachof, D.A. (2006). "Smooth sailing or Rough Seas: The Future of International Liner Shipping" - Journal of Transportation Management, Fall, Vol. 3, Delta Nu Alpha.

• Alizadeh, A., Batchelor, R. and Visvikis, I. (2005). "Bid-Ask Spread and Volatility in the Forward Freight Market" - Derivative Use, Trading and Regulation, Vol. 11, Pages 105-125.
• Alizadeh, A. and Nomikos, N. (2005). "Agricultural Reforms and Use of Market Mechanisms for Risk Management" - A Report for the Futures and Option Association.
• Alizadeh, A. and Nomikos, N. (2005). "Investing at the Right Time; Trading Models for the Sale and Purchase Market for Ships" - Lloyds Shipping Economist, July 2005.
• Lin, S.X. and Tamvakis, M. (2005)." Trading and News Effects of NYMEX On IPE Crude Oil Futures Contracts" - Derivatives Use Trading & Regulation, Henry Stewart Publications, Vol. 10 Part 4, FOA, Pages 338-348.
• Menachof, D.A., Shapiro, L. and Asherof, S. (2005). "Charter/Purchase Decisions in the Containerised Liner Trades" - Maritime Policy and Management.
• Menachof, D.A. (2005). "How Big is your Cash Gap?" - Distribution Business Management Journal, June, Vol. 5, DBM Association, Pages 10-12.
• Menachof, D.A, Asherof, S. and Shapira, L. (2005). "Purchase of Charter?" - Lloyd's Shipping Economist, February, Pages 18-20.
• Menachof, D.A, and Son, B.G. (2005). "Classification of Supply Chain Partnerships and the Framework of Partnership Management Scheme" - International Journal of Logistics Management.
• Son, B.G. (2005). "Software Review: WordStat 5.0" - OR/MS Today, October.
• Son, B.G. and Sodhi, M. (2005). "What Industry Employers Want from OR/MS Graduates, Preliminary Results from an Analysis of Job Ads" - OR/MS Today, August.

• Alizadeh, A., Menachof, D.A. and Kavussanos, M.* (2004). "Hedging Against Bunker Price Fluctuations Using Petroleum Futures Contracts; Constant versus Time-varying Hedge Ratios" - Applied Economics, Vol. 36, Part 12, Pages 1337-1353.
• Alizadeh, A. and Nomikos, N. (2004). "A Markov Regime Switching Approach to Hedging Stock Indices" - Journal of Futures Markets, Vol. 24, Part 7, Pages 649-675.
• Alizadeh, A. and Nomikos, N. (2004). "Cost of Carry, Casuality and Arbitrage between Oil Futures and Tanker Freight Markets" - Transportation Research, Part E, Logistics and Transportation Review, Vol. 40, Part 4, Pages 297-317.
• Alizadeh, A. and Nomikos, N. (2004). "The Efficiency of the Forward Bunker Market" - International Journal of Logistics: Research and Applications.
• Alizadeh, A. and Papapostolou, N. (2004). "A Review of Performance High Yield Shipping Bonds" - Lloyd's Economist, April.
• Lin, S.X. and Tamvakis. M. (2004). "Effects Of Nymex Trading On IPE Brent Crude Futures Markets: A Duration Analysis" - Energy Policy, 32 Elsevier, Pages 77-82.
• Menachof, D.A., Kavussanos, M.* and Visvikis, I. (2004). "The Unbiasedness Hypothesis in the Freight Forward Market: Evidence from Cointegration Tests" - Review of Derivatives Research, Vol. &, Part 3, Kluwer, Pages 241-266.
• Menachof, D.A, Gibson, B. and Hanna, J. (2004). "Periodical Usefulness: An International Perspective" - International Journal of Logistics Research and Applications, Vol. 7, Part 3, Tay & Francis, Pages 297-311.
• Nomikos, N., Haigh, M. and Bessler, D. (2004). "Integration and Causality in International Freight Markets - Modelling with Error Correction and Directed Acyclic Graphs" - Southern Economic Journal, Vol. 71, Part 1, Pages 145-163.

2003

• Alizadeh, A. and Nomikos, N. (2003). "Bunker Risk Management Using Forward and Swap Contracts" - Lloyds Shipping Economist, March, Informa UK Ltd.
• Alizadeh, A. and Nomikos, N. (2003). "The Price Volume Relationship in the Sale and Purchase Market for Dry Bulk Vessels" - Maritime Policy and Management, Vol. 30, Part 4, Pages 1-17.
• Alizadeh, A. and Nomikos, N. (2003). "Do FFAs Provide Good Forecasts?" - Lloyds Shipping Economist, December, Informa UK Ltd, Pages 32-34.
• Alizadeh, A. and Nomikos, N. (2003). "The Efficiency of the Forward Bunker Market" - Logistics Research Network 2003 Conference Proceedings, (eds: Menachof et al.), Pages 9-20.
• Alizadeh, A. and Nomikos, N. (2003). "Real Options Valuation for Vessel Prices: An Empirical Approach" - Working Paper.
• Grammenos, C. Th. and Arkoulis, A.G.* (2003). "Determinants of Spreads on High Yield Bonds in the Shipping Industry" - Transportation Research, Vol. 39, Part E, Pages 459-471.
• Lin, S.X. and Tamvakis, M. (2003). "Trading Houses and the City of London" - Report sponsored by the Educational Fund of the London Chamber of Commerce and Industry.
• Menachof, D.A. and Ikazoboh, B.C. (2003). "The Payoff from Better Logistics" - Distribution Business Management Journal, Vol. 3, Pages 10-16.
• Menachof, D.A. and Son, B,G. (2003). "The Truth About Collaboration" - Chief Logistics Officer, February Penton, Pages 6-13.
• Menachof, D.A. and Son, B.G. (2003). "We Need Supply Chain Collaboration" - Lloyds Shipping Economist, September, Pages 22-28.
• Nomikos, N. and Kavussanos, M.* (2003). "Price Discovery, Causality and Forecasting in the Freight Futures Market" - Review of Derivatives Research, Vol. 6, Pages 203-230.

• Alizadeh, A. and Nomikos, N. (2002). "The Dry Bulk Shipping Market" - Chapter 11 in Grammenos, C. Th. (ed.), The Handbook of Maritime Economics and Business, LLP - Informa.
• Alizadeh, A. and Nomikos, N. (2002). "Risk Management in the Shipping Industry: Theory and Practice" - Chapter 31 in Grammenos, C. Th. (ed.), The Handbook of Maritime Economics and Business, LLP - Informa.
• Alizadeh, A. and Kavussanos, M.G.* (2002). " "The Expectations Hypothesis of the Term Structure and Risk Premia in Dry Bulk Shipping Freight Markets" - Journal of Transport Economics and Policy, Vol. 36, Pages 257-301.
• Alizadeh, A. and Kavussanos, M.G.* (2002). "Seasonality Patterns in the Tanker Shipping Freight Markets" - Economic Modelling, Vol. 19, Pages 749-782.
• Alizadeh, A. and Kavussanos, M.G.* (2002). "Efficient Pricing of Ships in the Dry Bulk Sector" - Maritime Policy and Management, Vol. 29, Pages 303-331.
• Grammenos, C. Th. (ed.) (2002). The Handbook of Maritime Economics and Business, LLP - Informa.
• Grammenos, C. Th. (2002). "Credit Risk, Analysis and Policy In Bank Shipping Finance" - Chapter 32 in Grammenos, C. Th. (ed.), The Handbook of Maritime Economics and Business, LLP - Informa, Pages 731-761.
• Grammenos, C. Th. and Arkoulis, A.G. (2002). "Macroeconomic Factor and International Shipping Stock Returns" - International Journal of Maritime Economics, Vol. 4, Pages 81-99.
• Lin, S.X. and Tamvakis, M. (2002). "Effects of NYMEX Trading on IPE Brent Crude Futures Markets: A Duration Analysis" - Energy Policy, forthcoming.
• Menachof, D. and Ojala, L.M. (2002). "IT in Logistics and Maritime Business" - Chapter 39 in Grammenos, C. Th. (ed.), The Handbook of Maritime Economics and Business, LLP - Informa.
• Papapostolou, N. and Dikos, G. (2002). "The Assessment of Market Efficiency in the Shipping Sector: A New Approach" - Maritime Policy & Management, Vol. 29, Part 2, April 2002, Pages 179-181
• Tamvakis, M. and Giamouridis, D. (2002). "Asymptotic Distribution Expansions In Option Pricing: The Case Of Energy And Interest Rate Markets" - Journal of Derivatives, Vol. 9, Part 4, Pages. 33-44.
• Tamvakis, M. (2002). "Energy Economics And Trade" - Chapter 3 in Grammenos, C. Th. (ed.), The Handbook of Maritime Economics and Business, LLP - Informa.

• Alizadeh, A. and Kavussanos, M.G.* (2001). "The Expectations Hypothesis of the Term Structure and Risk Premia in Dry Bulk Shipping Freight Markets: An EGARCH Approach" - Journal of
• Transport Economics and Policy, forthcoming
• Alizadeh, A. and Kavussanos, M.G.* (2001). "Seasonality Patterns in Dry Bulk Shipping Spot and Time-Charter Freight Rates" - Transportation Research Part E, Logistics and Transportation Review.
• Grammenos, C. Th. and Arkoulis, A. (2001). "Macroeconomic Factors and International Shipping Stock Returns" - forthcoming
• Kavussanos, M.G.* and Marcoulis, S.* (2001). "A Market Analysis of Risk and Return in the Water and other Transportation Industries" - Kluwer Academic Publishers, 2001.
• Kavussanos, M.* and Dockery, E. (2001). "A Multivariate Test For Stock Market Efficiency: The Case Of ASE" - Applied Financial Economics, forthcoming
• Lin, S.X. and Tamvakis, M. (2001). "Spillover Effects in Energy Futures Markets", Energy Economics, Vol. 23, Part 1, January, Pages 43-56.
• Lin, S.X. and Tamvakis, M. (2001). "Returns and Volatilities in the Commodity Markets: The Role of Commodities as an Alternative Means of Portfolio Risk Diversification" - The Journal of
• Alternative Investments, Vol. 4, Part 1, Pages 54-62.
• Menachof, D.A. and Dicer, G.N. (2001). "Risk Management Methods for the Liner Shipping Industry: The Case of the Bunker Adjustment Factor" - Maritime Policy & Management.

2000

• Kavussanos M.G.* and Marcoulis, S.* (2000). "The Stock Market Perception Of Industry Risk And Macroeconomic Factors: The Case of the US Water Transportation Industry Versus Other
• Industries" - International Journal of Maritime Economics, July 2000, Vol. 2, No. 3, Pages 235-256.
• Kavussanos, M.G.* and Marcoulis, S.* (2000). "The Stock Market Perception Of Industry Risk Through The Use Of A Multifactor Model" - International Journal of Transport Economics, February 2000, Vol. 27, No.1, Pages 77-98.
• Menachof, D.A. and Wassenberg, O. (2000). "The Application of Benchmarking Techniques by Road Transport Companies in the United Kingdom and The Netherlands" - Transportation Journal, Vol. 40, Part 2, Pages 40-57.
• Menachof, D.A. (2000). "Online Business" - Lloyd's Shipping Economist, September, Pages 11-15.
• Menachof, D,A. (2000). "Brave New World of Shipping" - Lloyd's Shipping Economist, March, Pages 32-35.
• Menachof, D., Gibson, B. and Rutner, S. (2000). "ERP and The University: An Overview of the Importance, Selection and Implementation of ERP within Logistics and Transportation Programmes" - Proceedings of the 29th Annual Educators' Conference of the Council of Logistics Management, New Orleans, October 2000.
• Nomikos, N. and Kavussanos, M.G.* (2000). "Hedging in the Freight Futures Market" - Journal of Derivatives, Fall 2000, Pages 41-58.
• Nomikos, N. and Kavussanos, M.G.* (2000). "Constant Versus Time Varying Hedge Ratios in the BIFFEX Market" - Transportation Research Part E, Logistics and Transportation Review, December 2000, Vol. 36, No. 4, pp.229-248.
• Nomikos, N. and Kavussanos, M.G.* (2000). "Futures Hedging When The Composition of the Underlying Asset Changes; The Case of the BIFFEX Contract" - The Journal of Futures Markets, September 2000, Vol. 20, No. 8, Pages.775-801.
• Nomikos, N. and Kavussanos, M.G.* (2000). "Dynamic Hedging in the Freight Futures Market" - The Journal of Futures Markets, Vol. 8, Pages.4-58.
• Tamvakis, M. and Giamouridis, D. (2001). "The Relation Between Return and Volatility in the Commodity Markets" - The Journal of Alternative Investments, Vol. 4, Part 1, Pages 54-62
• Tamvakis, M. and H. Thanopoulou (2000). "Does Quality Pay? The Case Of The Dry Bulk Market" - Transportation Research Part E, Logistics and Transportation Review, Vol. 36, Pages 297-307.
• Tamvakis, M. (2000). "The NSR's Commerical Potential and Restraints" - The 21st Century - Turning Point for the Northern Sea Route? (eds: Ragner, C.L), Kluwer Academic Publishers.

• Grammenos, C. Th. and Arkoulis, A. (1999). "The Long-Run Performance of Shipping Initial Public Offerings" - International Journal of Maritime Economics, Vol. 1, Pages 34-52
• Grammenos, C. Th. and Choi, C. J. (1999). "The Changing Organisational Forms Of Greek Shipping" - International Studies of Management Organisation.
• Kavussanos, M.G.*, Phylaktis, K. and Manalis, G. (1999). "Price Limits And The Stock Market Volatility In The Athens Stock Exchange" - European Financial Management, March 1999, Vol. 5, Part 1.
• Lin, S.X. and Sarantis, N. (1999). "The Role of Financial Spreads in Macroeconomic Forecasting: Evidence for the UK" - The Manchester School, Vol. 67, Part 1, Pages 89-110.
• Nomikos, N. and Kavussanos, M.G.* (1999). "The Forward Pricing Function Of The Shipping Freight Futures Market" - The Journal of Futures Markets, May, Vol 19. Num 3. Pages 353-376.
• Tamvakis, M. and Mayr, T.P.* (1999). "The Relationship Between NYMEX Crack Spreads And US Crude Oil Imports" - Maritime Policy & Management, April-June 1999, Vol. 26, Part 2, Pages 127-136.
• Tamvakis, M., Mayr, T.P.* (1999). "The Dynamic Relationships Between Paper Petroleum Refining And Physical Trade of Crude Into The United States" - Maritime Policy & Management, Vol. 26, Part 2, Pages 127-136.
• Tamvakis, M., Granberg, A. and Gold, E. (1999). "Economy and Commercial Viability of the Northern Sea Route" - The National and Societal Challenges of the Northern Sea Route: A Reference Work, (eds: Ostreng, W.), Kluwer Academic Publishers.

• Kavussanos, M.G.* (1998). "Freight Risks In The Tanker Sector" - Lloyds Shipping Economist, specially commissioned article, June 1998, Pages 6-9, also July 1998, Page 9.
• Kavussanos, M.G.* and Marcoulis, S.* (1998). "Beta Comparisons Across Industries - A water transportation industry perspective" - Maritime Policy & Management, Vol 25, Part 2, Pages 175-184.
• Menachof, D.A. and Damian, A. (1998). "Mergers and Alliances in the Liner Shipping Industry" - Journal of Transportation Management, Pages 44-56.

• Kavussanos, M.G.* (1997). "The Dynamics of Time-Varying Volatilities in Different Size Second-Hand Ship Prices of the Dry-Cargo Sector" - Applied Economics, Vol. 29, Pages 433-443.
• Kavussanos, M.G.* and Marcoulis, S.* (1997). "Risk and Return of US Water Transportation Stocks Over Time and Over Bull and Bear Market Conditions" - Maritime Policy & Management,Vol. 24, Part 2, Pages 145-158.
• Kavussanos, M.G.* and Marcoulis, S.* (1997). "The Stock Market Perception of Industry Risk and Microeconomic Factors: The Case of the US Water Transportation Industry Versus Other Transport Industries" - Transportation Research Part E, Logistics and Transportation Review, June 1997.
• Mayr, T.P.* and McGrath, R. H. (1997). "Tramp Shipping: The Role of Taxation in International Resource Allocation" - Maritime Policy & Management, July-September, Vol. 24, Part 3, Pages 261-283.
• Menachof, D.A. (1997). "Pepsi In The Ukraine" - Global Cases in Supply Chain Management, (eds: D. Taylor), International Thompson Press, London, Pages 161-167.

• Grammenos, C.Th. and Marcoulis, S.* (1996). "A Cross-Section Analysis of Stock Returns: The Case of Shipping Firms" - Maritime Policy & Management, January-March, Vol. 23(1), Pages 67-80.
• Grammenos, C.Th. and Marcoulis, S.* (1996). "Shipping Initial Public Offerings: A Cross-Country Analysis" - in Empirical Issues in Raising Equity Capital by M. Levis (ed.), North Holland.
• Kavussanos, M.G.* (1996). "Comparisons of Volatility in the Dry-Cargo Ship Sector. Spot Versus Time-Charters, And Smaller Versus Larger Vessels" - Journal of Transport Economics and Policy, January, Vol. 30, Part 1, Pages 67-82.
• Kavussanos, M.G.* (1996). "Highly Disaggregate Models of Seaborne Trade. An Empirical Model for Bilateral Dry-Cargo Trade Flows in the World Economy" - Maritime Policy & Management, January-March, Vol. 23, Part 1, Pages 27-43.
• Kavussanos, M.G.* (1996). "Price Risk Modelling of Different Size Vessels in the Tanker Industry Using Autoregressive Conditional Heteroskedastic (ARCH) Models" - Transportation Research Part E, Logistics and Transportation Review, June, Vol. 32, Part 2, Pages 161-176.
• Kavussanos, M.G.* (1996). "Testing The Efficient Market Hypothesis Using Panel Data, With Application to the Athens Stock Exchange" - Applied Economic Letters, February 1996, Vol. 3, Part 2, Pages 121-123.
• Kavussanos, M.G.*,Phylaktis, K. and Manalis, G. (1996). "Stock Prices and the Flow of Information in the Athens Stock Exchange" - European Financial Management, Vol. 2, Part 1, Pages 113-126.
• Menachof, D.A.(1996). "Risk Management in the Liner Shipping Industry: The Response to Customer Service Demands for Simplified Tariffs" - Journal of Business Logistics - CLM Doctoral Dissertation Award, Vol.17

• Tamvakis, M. (1995). "Evidence on the Existence of Two-Tier Spot Market for Crude Oil Carriers" - Maritime Policy & Management, Vol. 22, No. 1, January-March, Pages 81-90.

• Tamvakis, M. and Papadopoulos, P. (1994). "Applications of Probability Theory on Marine Project Appraisal" - Maritime Policy & Management, April-June, Vol. 21, Part 2, Pages 103-123.