Riskcenter
Riskcenter
The research group on Risk in Insurance and Finance is attached to the Institute of Applied Economics IREA-UB		            UB


Barcelona Insurance and Risk Management Summer School 2012
Generalitat
SGR 2009-1328
Consolidated research group
 Constantin Zopounidis (Technical University of Crete, Greece)
Multiple Criteria in Finance and Accounting. May, 7-9.

Abstract

1.    Multicriteria Analysis     (41/2 hrs)
1.1    Theoretical Aspects, Alternatives, Criteria, Aggregation Techniques (UTADIS, MHDIS, PROMETHEE, ELECTRE TRI)
1.2    MCDSSs.

2.    Finance – Accounting        (41/2 hrs)
2.1    Finance     
•    Credit Risk
•    Bankruptcy Risk
•    Venture Capital
•    Country Risk
•    Portfolio Selection and Management
•    Merger and Acquisitions
•    Banking Performance
•    Mutual Fund Performance

2.2    Accounting
•    Falsified Statements


About the speaker
Constantin Zopounidis is the Director of the Financial Engineering Laboratory. Prof. Zopounidis received his Doctorat D'Etat (1986) in management science, a D.E.A. (1982) in financial management from the University of Paris-IX Dauphine and a B.A. in Business Administration from the University of Macedonia.
Prof. Zopounidis has been with the Dept. of Production Engineering and Management of the Technical University of Crete, since 1987 and served as Chairman of the Department during the period 2001-2005.
His research interests include financial engineering, financial risk management, and multiple criteria decision making. He has published over 300 papers in premier international journals, edited volumes, and conference proceedings. He has also published several books and edited volumes on financial engineering and operations research. Prof. Zopounidis is Editor-in-Chief and member of the editorial board of several international journals.
For his research work, Prof. Zopounidis has received awards and honorary distinctions from international research organizations, including among others the ΜΟISIL International Foundation, the Decision Sciences Institute, the European Association of Management and Business Economics, the Royal Academy of Doctors of Spain, the Hellenic Operational Research Society, the International Association for Fuzzy Set Management and Economy, and the International MCDM Society.



References

Finance and accounting
  • Pasiouras, F., S. Tanna and C. Zopounidis (2007) The identification of acquisition targets in the EU banking industry: An application of multicriteria approaches, International Review of Financial Analysis, vol. 16, no 3, 262 - 281.
  • Siskos, J. and C. Zopounidis (1987) The evaluation criteria of the venture capital investment activity: An interactive assessment, European Journal of Operational Research 31, 304-313.
  • Doumpos, M. and C. Zopounidis (2002), On the use of a multicriteria hierarchical discrimination approach for country risk assessment, Journal of Multi-criteria Decision Analysis, vol. 11, nos 4-5, 279-289.
  • Pendaraki, K., C. Zopounidis and M. Doumpos (2004) On the construction of mutual fund portfolios: A multicriteria methodology and an application to the Greek market of equity mutual funds, European Journal of Operational Research, vol. 163, no 2, 462-481.
  • Pasiouras, F., Ch. Gaganis and C. Zopounidis (2010) Multicriteria classification models for the identification of targets and acquirers in the Asian banking sector, European Journal of Operational Research, vol. 204, no 2, 328 - 335.
  • Doumpos, M., K. Kosmidou, G. Baourakis and C. Zopounidis (2002), Credit risk assessment using a multicriteria hierarchical discrimination approach: A comparative analysis, European Journal of Operational Research, vol. 138, no 2, 392-412.
  • Zopounidis, C. and M. Doumpos (1999) Business failure prediction using the UTADIS multicriteria analysis method, Journal of the Operational Research Society, vol. 50, no 11, 1138-1148.
  • Doumpos, M. and C. Zopounidis (2000) Assessing financial risks using a multicriteria sorting procedure: The case of country risk assessment, OMEGA, vol. 29, no. 1, 97-109.
  • Cohen, S., M. Doumpos, E. Neofytou and C. Zopounidis (2012) Assessing financial distress where bankruptcy is not an option: An alternative approach for local municipalities, European Journal of Operational Research, vol. 218, no 1, 270-279.
  • Dimitras, A.I., S.H. Zanakis and C. Zopounidis (1996) A survey of business failures with an emphasis on prediction methods and industrial applications, European Journal of Operational Research, vol. 90, no. 3, 487-513.
  • Samaras, G.D., N.F. Matsatsinis and C. Zopounidis (2008) A Multicriteria methodology for stock evaluation using fundamental analysis, European Journal of Operational Research, vol. 187, no 3, 1380 -1401.
MCDSS
  • Doumpos, M., and C. Zopounidis (2010) A multicriteria decision support system for bank rating, Decision Support Systems, vol. 50, no 1, 55 – 63.
  • Siskos, Y., C. Zopounidis and A. Pouliezos (1994) An integrated DSS for financing firms by an industrial development bank in Greece, Decision Support Systems, 12, 151-168.
  • Xidonas, P., G. Mavrotas, C. Zopounidis and I. Psarras (2011) IPSSIS: An integrated multicriteria decision support system for equity portfolio construction and selection, European Journal of Operational Research, vol. 210, no. 2, 398 - 409.
  • Zopounidis, C. and M. Doumpos (2000) PREFDIS: A multicriteria decision support system for sorting decision problems, Computers and Operations Research, vol. 27, no 7-8, 779-797.
Multicriteria Analysis
  • Zopounidis, C. and M. Doumpos (2001), A preference disaggregation decision support system for financial classification problems, European Journal of Operational Research, vol. 130, no 2, 137-148.
  • Doumpos, M. and C. Zopounidis (2003) Developing sorting models using preference disaggregation analysis: An experimental investigation, European Journal of Operational Research, vol. 154, no 3, 585-598.
  • Zopounidis, C. and M. Doumpos (2002) Multi-criteria decision aid in financial decision making: Methodologies and literature review, Journal of Multi-criteria Decision Analysis, vol. 11, nos 4-5, 167-186.
  • Ζopounidis, C. (1999) Multicriteria decision aid in financial management, European Journal of Operational Research, vol. 119, no. 2, 404-415.
  • Doumpos, M., and C. Zopounidis (2010) Preference disaggregation and statistical learning for multicriteria decision support: A review, European Journal of Operational Research, (in press).

 Course schedule

Day 1: Monday May 7 15-19
Day 2: Tuesday May 8 15-19