Article
Ketterer S, Dionysiou D, Eierle B & Tsalavoutas I (2023) Validating implied cost of capital with realized returns by using alternative measures of cash-flow news. British Accounting Review. https://doi.org/10.1016/j.bar.2023.101220
Dr Dionysia Dionysiou
Senior Lecturer
Accounting & Finance University of Stirling, Stirling, FK9 4LA
Contact details
About me
About me
Dionysia joined the University of Stirling in August 2009. She holds a PhD in Finance from the University of Edinburgh Business School (November 2010), an MSc in Finance from the University of Cyprus (June 2005) and a BSc (Hons) degree in Business Administration with minor in Accounting and Finance from the Athens University of Economics and Business (September 2003). Before joining the division, she was an INTACCT Early Stage Researcher, based at the Faculty of Economics of the University of Ljubljana. Past academic positions held include a post as tutor in finance at the University of Edinburgh Business School, tutor in finance at Heriot-Watt University and teaching assistant at the University of Cyprus.
Consultancy
The capitalisation debate of internally generated intangible assets: a) exploration and evaluation expenditure in extractive industries and b) software development costs.
This project examines companies’ accounting policies and reporting practices on the wider area of intangible assets’ recognition as well as climate change related reporting. This work will result in three reports, jointly badged with ACCA, and authored by colleagues associated with the Observatory. The first report from this project is expected in October 2020, the second in November/December 2020 and the third one in April 2021. In the meantime, the team will disseminate the findings via three roundtable discussions, two international conferences, and two symposiums.
Other Academic Activities
Value relevance of IFRS mandatory disclosure requirements
Highly Commented Paper Award - Journal of Applied Accounting Research
Research (2)
Dionysia is mainly working in three research areas: Empirical corporate finance including seasoned equity offerings (SEOs) and capital structure, abnormal performance and long-run event studies/asset pricing models. Corporate distress including bankruptcy prediction and strategies to avoid default. Market based accounting including cost-of-equity, financial statement comparability, disclosures, earnings management and operating abnormal performance.
Projects
Prices Leading Earnings: The Influence of Quantity of Mandatory Disclosures
PI:
Funded by: S A T E R
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The value relevance and information content of inventory components before and after the IFRS adoption
PI: Dr Dionysia Dionysiou
Funded by: The Carnegie Trust
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Outputs (16)
Outputs
Research Report
Reporting of R&D: Disclosure without Recognition?
Dionysiou D, Slack R, Tsalavoutas Y & Tsoligkas F (2023) Reporting of R&D: Disclosure without Recognition?. Association of Chartered Certified Accountants and Adam Smith Business School. University of Glasgow. https://doi.org/10.36399/gla.pubs.298677
Research Report
Constantatos A, Dionysiou D, Slack R, Tsalavoutas I & Tsoligkas F (2021) The capitalisation of intangibles debate: accounting for exploration and evaluation expenditure in extractive activities.. Association of Chartered Certified Accountants and Adam Smith Business School. Glasgow. https://doi.org/10.36399/gla.pubs.234937
Other
Climate Change Risk-related Disclosures in Extractive Industries: A Comparative Study
Baboukardos D, Dionysiou D, Slack R, Tsalavoutas I & Tsoligkas F (2021) Climate Change Risk-related Disclosures in Extractive Industries: A Comparative Study. Association of Chartered Certified Accountants. London: ACCA and Adam Smith Business School. https://doi.org/10.36399/gla.pubs.258686
Research Report
The capitalisation of intangibles debate: Software development costs
Dionysiou D, Slack R, Tsalavoutas I & Tsoligkas F (2021) The capitalisation of intangibles debate: Software development costs. ACCA. Glasgow: ACCA and Adam Smith Business School. https://www.accaglobal.com/gb/en/professional-insights/global-profession/capitalisation-intangibles-software-dev-costs.html
Research Report
Climate change risk-related disclosures in extractive industries
Baboukardos D, Dionysiou D, Slack R, Tsalavoutas I & Tsoligkas F (2021) Climate change risk-related disclosures in extractive industries. ACCA and Adam Smith Business School. ACCA and Adam Smith Business School research monograph. London: Association of Chartered Certified Accountants. https://www.accaglobal.com/hk/en/professional-insights/global-profession/climate-change-risk-related-disclosure-extractive-industries.html
Article
André P, Dionysiou D & Tsalavoutas I (2018) Mandated disclosures under IAS 36 Impairment of Assets and IAS 38 Intangible Assets: Value relevance and impact on analysts' forecasts. Applied Economics, 50 (7), pp. 707-725. https://doi.org/10.1080/00036846.2017.1340570
Article
The timing of new corporate debt issues and the risk-return tradeoff
Koutmos D, Bozos K, Dionysiou D & Lambertides N (2018) The timing of new corporate debt issues and the risk-return tradeoff. Review of Quantitative Finance and Accounting, 50 (4), pp. 943-978. https://doi.org/10.1007/s11156-017-0651-z
Article
Compliance with goodwill-related mandatory disclosure requirements and the cost of equity capital
Mazzi F, André P, Dionysiou D & Tsalavoutas I (2017) Compliance with goodwill-related mandatory disclosure requirements and the cost of equity capital. Accounting and Business Research, 47 (3), pp. 268-312. https://doi.org/10.1080/00014788.2016.1254593
Book Chapter
A synthesis and analysis of models measuring accrual based and real activities earnings management
Constantatos A, Dionysiou D & Tsalavoutas I (2016) A synthesis and analysis of models measuring accrual based and real activities earnings management. In: Yates K (ed.) Earnings Management: Global Perspectives, Performance and Future Research. Management Science - Theory and Applications. New York: Nova Science. https://www.novapublishers.com/catalog/product_info.php?products_id=58981&osCsid=f08006bdcc7130003e416a441ae7294d
Article
Choosing Among Alternative Long-Run Event-Study Techniques
Dionysiou D (2015) Choosing Among Alternative Long-Run Event-Study Techniques. Journal of Economic Surveys, 29 (1), pp. 158-198. https://doi.org/10.1111/j.1467-6419.2012.00742.x
Article
Timing, Earnings Management and Over-reaction Around Pure Placings
Dionysiou D (2014) Timing, Earnings Management and Over-reaction Around Pure Placings. European Journal of Finance, 21 (8), pp. 646-671. https://doi.org/10.1080/1351847X.2013.833128
Article
Value Relevance of IFRS Mandatory Disclosure Requirements
Tsalavoutas I & Dionysiou D (2014) Value Relevance of IFRS Mandatory Disclosure Requirements. Journal of Applied Accounting Research, 15 (1), pp. 22-42. https://doi.org/10.1108/JAAR-03-2013-0021
Article
Are the Discounts in Seasoned Equity Offers Due to Inelastic Demand?
Armitage S, Dionysiou D & Gonzalez A (2014) Are the Discounts in Seasoned Equity Offers Due to Inelastic Demand?. Journal of Business Finance and Accounting, 41 (5-6), pp. 743-772. https://doi.org/10.1111/jbfa.12074
Research Report
Tsalavoutas I, Andre P & Dionysiou D (2014) Worldwide application of IFRS 3, IAS 38 and IAS 36, related disclosures, and determinants of non-compliance. Association of Chartered Certified Accountants (ACCA) ACCA Research Report, 134. Certified Accountants Educational Trust. http://www.accaglobal.com/content/dam/acca/global/PDF-technical/financial-reporting/rr-134-001.pdf
Article
Alternative bankruptcy prediction models using option-pricing theory
Charitou A, Dionysiou D, Lambertides N & Trigeorgis L (2013) Alternative bankruptcy prediction models using option-pricing theory. Journal of Banking and Finance, 37 (7), pp. 2329-2341. https://doi.org/10.1016/j.jbankfin.2013.01.020
Teaching
Teaching
Director of MSc Finance and Risk Management
Scottish Graduate School of Social Science (SGSSS) representative for Accounting, Finance, Business and Management
Past Teaching: FINU9F3 Finance I; FINU9F4 Finance II; FINP015 Corporate Finance FINU9ME Mergers & Acquisitions; FINP014 Mergers & Acquisitions
Current Teaching: INVP012 Investments: Equity Portfolios and Pricing; FINP013 International Corporate Finance ACCP004 Topics in International Accounting