George Skiadopoulos

Profile

Research interests: Commodities, Empirical asset pricing, Financial Derivatives, Portfolio Management.

George Skiadopoulos is Professor of Finance in the School of Economics and Finance at Queen Mary University of London. He is also a Professor of Finance at the Department of Banking and Financial Management of the University of Piraeus. He is the co-Founder and Director of the Institute of Finance and Financial Regulation (IF^FR), and an Honorary Senior Visiting Fellow at Bayes Business School, City University of London.  He is a member of the Consultative Working Group on Investor Trends & Research of the European Securities Markets Authority (ESMA) Risk Standing Committee, the supra-national supervisor of European financial markets.  

His research interests and professional expertise lie in the fields of asset management & asset pricing, climate finance & ESG, commodities and financial derivatives.  He has published in leading academic journals, including Management Science, Journal of Financial and Quantitative Analysis, Journal of Business and Economic Statistics, and The Accounting Review.

He is a member of the editorial board of a number of academic journals including the Journal of Banking and Finance, a speaker at international conferences and seminars for academics and practitioners, and he provides executive training courses.  He has acted as a member of the Group of Economic Advisers to ESMA and as a consultant to several financial institutions. In the past, he had been employed as a Research Fellow at the Financial Options Research Centre at Warwick Business School, and at the R&D Group of the Athens Derivatives Exchange.  He has also served on the Academic Advisory Board of the Professional Risk Managers International Association (PRMIA).  

He has been awarded research grants by several institutions and his research has been impactful attracting the attention of academics, policy makers, investors, and media.

Professor Skiadopoulos holds a Ph.D. in Finance from the University of Warwick, an M.Sc. in Mathematical Economics and Econometrics from the London School of Economics, and a Ptychion (ranked first in his graduating class) in Economics from the Athens University of Economics and Business.

Research

Publications

Selective Publications Since 2011

• Skiadopoulos, G. and Xue, C. (2025). Climate-triggered institutional price pressure: Does it affect firms’ cost of equity?, Journal of Financial and Quantitative Analysis, forthcoming.

Recipient of the Robeco Sustainable Investing Prize (one of the three Best Papers Prizes), 4th Frontiers of Factor Investing Conference 2024

Featured in: IR Magazine

• Ahn, B. H., Patatoukas, P. and Skiadopoulos, G. (2024). Material ESG Alpha: A Fundamentals-Based Perspective, The Accounting Review, 99:4, 1–27 (Lead article). 

Featured in: Bloomberg (Businessweek Finance) | ESG Clarity | Harvard Law School Forum on Corporate Governance | MSCI Sustainability Institute | S&P Global Market Intelligence

Abstracted by California Management Review (2024) 66:4 Insights as Doing Good by Doing Well? The Chicken And Egg Problem in the ESG Alpha Debate

• Faccini, R., Matin, R., and Skiadopoulos, G. (2023). Dissecting Climate Risks: Are they Reflected in Stock Prices?, Journal of Banking and Finance, 155, 106948.

Awarded the 2022 School of Economics and Finance QMUL Impact Corn Seed prize "in recognition of success in policy outreach and the potential to generate policy impact"

For policy makers/impact:

See the non-technical policy report summary

The Task Force on Climate-Related Financial Disclosures of the Financial Stability Board has included our study in its very selective list of related papers (12 out of 100 reviewed papers) in its September 2022 Annual Report to form policy recommendations based on our finding that only imminent transition risks are priced

The OECD report on Climate-resilient Finance and Investment (to be released as OECD Policy Perspectives) forms policy recommendations based on our finding that physical risks are not priced

Posted by SEC on its website as a comment (dated 24 June 2022) to its March 2022 proposal on climate-related disclosures for investors

Presented at:

Sustainable finance: How AI can help account for climate risks, An event organised by EU40 and the European Parliament's STOA Panel, Watch the video

European Supervisory Authorities (ESAs): 2021 EBA Policy Research Workshop “The New Normal in the Banking Sector – Reshaping the Insights”, EIOPA, ESMA

Central Banks: Bank of Greece, Denmarks Nationalbank, Federal Reserve Bank of Cleveland 2022 Financial Stability Conference

Consob, Hellenic Capital Markets Commission Conference on the Future of Sustainable Finance, E-Axes Forum, 2022 JRC Summer School on Sustainable Finance

Featured in: Central Banking News (full text here), Columbia Law School's Blue Sky Blog, Investments & Pensions Europe, Kathimerini (Sunday Edition), Mandag Morgen, Money Review

Video Presentation: 2nd CEFGroup Climate Finance Symposium, University of Otago, Nov 2021. Watch the video

• Gkionis, K., Kostakis, A., Skiadopoulos, G., and Stilger, P.S. (2021). Positive Stock Information in OTM Option Prices, Journal of Banking and Finance, 128, Article 106112.

2022 CFA Society Greece Annual Research Award

Media Coverage: Fintech Zoom, Global Investor

• Bernales, A., Cortazar, G., Salamunic, L. and Skiadopoulos, G. (2020). Learning and Index Option Returns, Journal of Business and Economic Statistics, 38, 327–339.

Media Coverage: Traders Magazine, Lead story in John Lothian's site

• Faccini, R., Konstantinidi, E., Skiadopoulos, G. and Sarantopoulou-Chiourea, S. (2019). A New Predictor of U.S. Real Economic Activity: The S&P 500 Option Implied Risk Aversion, Management Science, 65:10, 4927–4949.

Media Coverage: Forbes, Market Watch, Wall Street Journal, Seeking Alpha, Kathimerini (Sunday Edition), The Verdict

Shortlisted in the Media Relations category for the Queen Mary University of London Engagement and Enterprise Awards 2019 for Best Published Research Campaign

Nominated for the EFMA 2017 Conference Global Association of Risk Professionals (GARP) Risk Management Best Paper Award

• Kapetanios, G., Konstantinidi, E., Neumann, M., and Skiadopoulos, G. (2019). Jumps in Option Prices and their Determinants: Real-Time Evidence from the E-mini S&P 500 Option Market, Journal of Financial Markets, 46.

Recipient of the Chicago Mercantile Exchange Foundation Group Grant

Media link

• Lambrinoudakis, C., Skiadopoulos, G., and Gkionis, K. (2019). Capital Structure and Financial Flexibility: Expectations of Future Shocks, Journal of Banking and Finance, 104:7, 1–18 (Lead article).

Media Coverage: CFO Magazine

• Neumann, M., and Skiadopoulos, G. (2013). Predictable Dynamics in Higher Order Risk-Neutral Moments: Evidence from the S&P 500 Options, Journal of Financial and Quantitative Analysis, 48:3, 947–977.

• Kostakis, A., Panigirtzoglou, N., and Skiadopoulos, G. (2011). Market Timing with Option-Implied Distributions: A Forward-Looking Approach, Management Science, 57:7, 1231–1249.

An earlier version has been abstracted by Citigroup Academic Research Digest, February 2009

• Daskalaki, C. and Skiadopoulos, G. (2011). Should Investors include Commodities in their Portfolios after All? New Evidence, Journal of Banking and Finance, 35:10, 2606–2626.

Abstracted by CFA Digest, February 2012, Vol. 42, No. 1

Top 25 most cited papers in the Journal of Banking and Finance for January 2010 – April 2015

Media Coverage: Seeking Alpha

Public Engagement

You may find information related to public engagement on Professor George Skiadopoulos’ personal website