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.
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
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.
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. https://doi.org/10.36399/gla.pubs.234936
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, Adam Smith Business School. https://doi.org/10.36399/gla.pubs.234937
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
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
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
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
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
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
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