Skip to main content

ICMA Centre lecturer wins Henley Business School’s 2013 Research Output Prize

The ICMA Centre’s Dr Ioannis Oikonomou has been awarded the University’s 2013 Best Research Output Prize for Henley Business School. Each year the University awards Faculty Output Prizes for the best research outputs from each of its four faculties.

Dr Oikonomou won the award with his research paper* “The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis”, published in the Financial Management journal. The study examines the association between corporate social performance and financial risk for an extensive longitudinal sample of US firms. It is shown that corporate social responsibility is negatively but weakly related to systematic firm risk and that corporate social irresponsibility is positively and strongly related to financial risk. Even more interestingly, this is the first piece of research which demonstrates that the overall volatility of the financial markets is an important mediating factor in this relationship.

Dr Oikonomou, lecturer in Finance at the ICMA Centre, commented on his award by saying, “I am very excited and honoured to be the recipient of this prize, especially as it comes within a business school such as ours with many bright and hard-working colleagues from all areas that are also undertaking interesting, innovative and important research projects.”

Professor Adrian Bell, Head of the ICMA Centre, said, “Ioannis’ work contributes to the investigation of a phenomenon which falls in the cross sections of financial markets, the business world and the wider society. As such it provides important insights to a plethora of constituents and has significant outreach potential. This is the sort of work we are proud of doing in the ICMA Centre: academically rigorous but with practical implications for business and society as a whole.”

Dr Oikonomou will be presented with his award by the Vice Chancellor at a meeting of the University Court on Monday 25 March 2013.

* The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis", Financial Management, Volume 41, Issue 2, pages 483-515 (with Brooks, C. and Pavelin, S.)

Published 25 February 2013
Research news

You might also like

FCA collaborates with Henley Business School and the CISI on new MSc in Financial Regulation

24 October 2014
The Financial Conduct Authority (FCA) will be working in partnership with Henley Business School and the Chartered Institute for Securities & Investment (CISI) to deliver a Masters of Science (MSc) in Financial Regulation.

Learning from the Competition

19 November 2018
ICMA Centre Visiting Fellow Dr Keith Arundale was featured in the November 2018 issue of the ICAEW’s Corporate Financier magazine. The article “Learning from the Competition” was based on Keith’s PhD research into the difference in investment practices of European and US venture capital firms and in their structural characteristics and the wider environment in which the firms operate, including cultural differences and attitudes to risk. Keith’s thesis is that these differences contribute to the lower historic performance of European VC funds compared to US VC funds.
Research news

Another Prize for Star Finance Student

25 June 2007