Emmanuel Mamatzakis

Positions held:

Emmanuel Mamatzakis, Professor of Finance; Birkbeck Business School
Professor of Finance (Accounting and Finance), Birkbeck Business School

Overview
Overview

Biography

Emmanuel is a Professor of Finance at the Birkbeck Business School, Birkbeck College, University of London. He holds a DPhil in Economics from the University of London, Queen Mary College, an MSc in Economics from the University of Warwick, and a BSc in Economics from the Department of Economics of the National and Kapodistrian University of Athens. His research is primarily driven by its impact on the real economy.

Highlights
- Emmanuel was the Principal Investigator in a project that investigated why households repaid their debt during the COVID-19 pandemic. The project was funded by a £102,974 grant from the Economic and Social Research Council (ESRC) as part of UK Research Innovation’s rapid response to COVID-19.
  See publications of this project:
  https://www.tandfonline.com/doi/abs/10.1080/00036846.2023.2203462
  https://www.emerald.com/insight/content/doi/10.1108/JES-10-2022-0540/full/html
  
  https://eprints.bbk.ac.uk/id/eprint/48450/1/SIR_COVID19%20April22%20Biron.pdf
  https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4087551
  https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4039952
Qualifications
- PhD, University of London, 1999
- MSc , University of Warwick, 1994
- BSc, University of Athens, 1993
Web profiles
Administrative responsibilities
- Program Director of MSc Accounting and Finance; MSc Management and Finance
- Director of Accounting and Finance Research Centre
Professional activities

Reviewer to a plethora of Journals in Finance (ABS 4, ABS 3 and ABS 2)

External examiner to national and international PhD examinations.

Reviewer to Commonwealth Scholarships, UK.

Reviewer to ESRC projects

Professional memberships
- Board Member of the Hellenic Fiscal Council
Honours and awards
- Fellow of the Higher Education Academy, Higher Education Academy, November 2021
ORCID
0000-0002-2623-0029
Research
Research

Research interests
- International Macroeconomics, Accounting, Banking, Finance, Applied Econometrics, Public Finance
Research Centres and Institutes
- principal investigator, ACCOUNTING AND FINANCE RESEARCH CENTRE
Research clusters and groups
- Lead researcher, Accounting and Finance Subject Area Research Cluster
Research projects

Household Debt Repayments

Abstract

Why do households repay their debt during COVID-19 crisis? Well-being and financial implications’, the study will examine the impacts of COVID-19 policy interventions on household debt repayments and financial resilience.
Bank of England statistics show that households repaid £7.4 billion of consumer credit in April 2020, the largest net repayment on record. Researchers at Birkbeck, University of London, University of Zurich and Lancaster University will explore the role of monetary expansion, debt repayment moratoriums, lockdowns and furloughing in household debt repayment, controlling for specific characteristics such as ethnicity, age, gender, health and employment.
The study will also examine persistence on both household debt repayments and debt exposure. Recent statistics show that British households have increased their debt exposure by £6 billion as they fall behind on credit card payments, council tax and utility bills. The study will deliver evidence and projections that will inform policy making decisions in real time and enhance impact.
Supervision and teaching
Supervision and teaching

Supervision

Supervisions within Birkbeck:

1

Supervising PhD students

Current doctoral researchers
- CONRAD DUMBAH
  
  Nature of supervision:
  Principal Supervisor, Oct 2020 onwards
  
  Title of thesis:
  The impact of the quality of Public Financial Management systems on institutional legitimacy and corruption in Ghana
Publications
Publications
Article
- Mamatzakis, Emmanuel (2024) Dynamic panel analysis of the EU’s fiscal reaction function with threshold effects. Kyklos: International Review For Social Science 77 (3), pp. 520-545. ISSN 0023-5962.
- Boahen, E. and Mamatzakis, Emmanuel (2024) How culture and legal environment affect classification shifting? Global evidence. International Journal of Finance and Economics ISSN 1076-9307.
- Mamatzakis, Emmanuel (2024) The impact of recapitalisations and bank competition on Greek bank net interest margins. Journal of Economic Studies ISSN 0144-3585.
- Mamatzakis, Emmanuel and Patel, P.C. and Tsionas, M.G. (2023) A Bayesian learning model of hedge fund performance. Annals of Operations Research ISSN 0254-5330.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M. (2023) The response of household debt to COVID-19 using a neural networks VAR in OECD. Empirical Economics 65, pp. 69-91. ISSN 0377-7332.
- Mamatzakis, Emmanuel and Neri, Lorenzo and Russo, A. (2023) Do cultural differences affect the quality of financial reporting in the EU? An analysis of Western EU countries vis a vis Eastern EU countries.. Journal of Accounting & Organizational Change ISSN 1832-5912.
- Mamatzakis, Emmanuel and Pegkas, P. and Staikouras, C. (2023) Labour market regulations and efficiency in tourism industry. Tourism Economics 29 (4), pp. 1032-1054. ISSN 1354-8166.
- Mamatzakis, Emmanuel and Ongena, S. and Patel, P.C. and Tsionas, M. (2023) A Bayesian policy learning model of COVID-19 non-pharmaceutical interventions. Applied Economics ISSN 0003-6846.
- Mamatzakis, Emmanuel and Tsionas, M.G. and Ongena, S. (2023) Why do households repay their debt in UK during the COVID-19 crisis?. Journal of Economic Studies ISSN 0144-3585.
- Mamatzakis, Emmanuel and Pegkas, P. and Staikouras, C. and Tsamadias, C. (2023) R&D contribution in TFP growth of Greek industry: a limited information likelihood approach. Bulletin of Economic Research ISSN 0307-3378.
- Kizys, R. and Mamatzakis, Emmanuel and Tzouvanas, Panagiotis (2023) Does genetic diversity on corporate boards lead to improved environmental performance?. Journal of International Financial Markets, Institutions and Money 84 (101756), ISSN 1042-4431.
- Mamatzakis, Emmanuel and Staikouras, C. and Triantopoulos, C. and Wang, Z.C. (2023) Measuring the efficiency and productivity of U.K. insurance market. International Journal of Finance and Economics ISSN 1076-9307.
- Mamatzakis, Emmanuel and Alexakis, C. and Al Yahyaee, K. and Pappas, V. and Mobarek, A. and Mollah, S. (2023) Does corporate governance affect the performance and stability of Islamic banks?. Corporate Governance ISSN 0964-8410.
- Mamatzakis, Emmanuel and Tsionas, M. (2023) Correcting for productivity growth misspecification: a local likelihood estimation in global banking. International Journal of Finance and Economics ISSN 1076-9307.
- Mamatzakis, Emmanuel and Staikouras, C. and Pegkas, P. (2023) The impact of debt, taxation and financial crisis on earnings management: the case of Greece. Managerial Finance 49 (1), pp. 110-134. ISSN 0307-4358.
- Mamatzakis, Emmanuel and Tsionas, M.G. and Sickles, R.C. and Kutlu, L. (2022) Heterogeneous decision-making and market power: an application to Eurozone banks. Empirical Economics 63, pp. 3061-3092. ISSN 0377-7332.
- Mamatzakis, Emmanuel and Avalos, F. (2022) Is bank resilience affected by unconventional monetary policy in the Euro area?. Journal of International Money and Finance ISSN 0261-5606.
- Mamatzakis, Emmanuel (2022) An international study on the impact of corruption on analysts’ forecasts. Journal of International Accounting, Auditing and Taxation 48, pp. 1-38. ISSN 1061-9518.
- Mamatzakis, Emmanuel and Tsionas, M. and Kutlu, L. (2022) A principal–agent approach for estimating firm efficiency: Revealing bank managerial behavior. Journal of International Financial Markets, Institutions and Money 79 (101576), ISSN 1042-4431.
- Mamatzakis, Emmanuel and Tsionas, M. (2021) Making inference of British household’s happiness efficiency: a Bayesian latent model. European Journal of Operational Research 294 (1), pp. 312-326. ISSN 0377-2217.
- Mamatzakis, Emmanuel (2021) A Bayesian panel stochastic volatility measure of financial stability. International Journal of Finance and Economics 26 (4), pp. 5363-5384. ISSN 1076-9307.
- Mamatzakis, Emmanuel and Tzouvanas, P. (2021) Does it pay to invest in environmental stocks?. International Review of Financial Analysis 77, ISSN 1057-5219.
- Mamatzakis, Emmanuel and Boahen, E. (2021) What are the effects of culture and institutions on classification shifting in India?. Journal of International Accounting, Auditing and Taxation 44, pp. 100402. ISSN 1061-9518.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M.G. (2021) Does alternative finance moderate bank fragility? Evidence from the euro area. Journal of International Financial Markets, Institutions and Money 72, pp. 101340. ISSN 1042-4431.
- Mamatzakis, Emmanuel and Xu, B. (2021) Does ownership structure affect performance? Evidence from Chinese mutual funds. Review of Quantitative Finance and Accounting 56, pp. 1399-1435. ISSN 1573-7179.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2021) Testing for persistence in US mutual funds’ performance: a Bayesian dynamic panel model. Annals of Operations Research 299, pp. 1203-1233. ISSN 0254-5330.
- Leledakis, G.N. and Mamatzakis, Emmanuel and Pyrgiotakis, E.G. and Travlos, N.G. (2021) Does it pay to acquire private firms? Evidence from the U.S. banking industry. The European Journal of Finance 27 (10), pp. 1029-1051. ISSN 1351-847X.
- Mamatzakis, Emmanuel and Staikouras, C. (2020) Testing for the effects of credit crunch on agriculture investment in the EU. Bulletin of Economic Research 72 (4), pp. 434-450. ISSN 0307-3378.
- Mamatzakis, Emmanuel and Staikouras, C. (2020) Common agriculture police in the EU, direct payments, solvency and income. Agriculture Finance Review 80 (4), pp. 529-547. ISSN 0002-1466.
- Tran, K.C. and Mamatzakis, Emmanuel and Tsionas, M.G. (2020) Why fully efficient banks matter? A nonparametric stochastic frontier approach in the presence of fully efficient banks. Empirical Economics 58, pp. 2733-2760. ISSN 0377-7332.
- Mamatzakis, Emmanuel and Tsionas, M.G. and Ongena, S. (2020) Does risk aversion affect bank output loss? The case of the Eurozone. European Journal of Operational Research 282 (3), pp. 1127-1145. ISSN 0377-2217.
- Mamatzakis, Emmanuel and Boahen, E.O. (2020) The impact of religion on classification shifting in the presence of corporate governance and BIG 4 audit. Accounting Forum 44 (2), pp. 103-131. ISSN 0155-9982.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2019) Revealing forecaster's preferences: a Bayesian multivariate loss function approach. Journal of Forecasting ISSN 0277-6693.
- Mamatzakis, Emmanuel and Matousek, R. and Vu, A.N. (2019) What is the impact of problem loans on Japanese bank productivity growth?. Financial Markets, Institutions & Instruments 28 (2), pp. 213-240. ISSN 0963-8008.
- Mamatzakis, Emmanuel and Bagntasarian, A. (2019) Testing for the underlying dynamics of bank capital buffer and performance nexus. Review of Quantitative Finance and Accounting 52 (2), pp. 347-380. ISSN 0924-865X.
- Mamatzakis, Emmanuel and Tsamadias, C. and Pegkas, P. and Staikouras, C. (2019) Does R&D, human capital and FDI matter for TFP in OECD countries?. Economics of Innovation and New Technology 28 (4), pp. 386-406. ISSN 1043-8599.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2018) Further results on estimating inefficiency effects in stochastic frontier models. European Journal of Operational Research 275 (3), pp. 1157-1164. ISSN 0377-2217.
- Mamatzakis, Emmanuel and Tsionas, M. (2018) Revisiting the returns of public infrastructure in Mexico: A limited information local likelihood estimation. Economic Modelling 75, pp. 132-141. ISSN 0264-9993.
- Mamatzakis, Emmanuel and Vu, A.N. (2018) The interplay between quantitative easing, risk and competition: The case of Japanese banking. Financial Markets, Institutions & Instruments 27 (1), pp. 3-46. ISSN 0963-8008.
- Tsionas, E.G. and Mamatzakis, Emmanuel (2017) Adjustment costs in the technical efficiency: an application to global banking. European Journal of Operational Research 256 (2), pp. 640-649. ISSN 0377-2217.
- Psillaki, M. and Mamatzakis, Emmanuel (2017) What drives bank performance in transitions economies? The impact of reforms and regulations. Research in International Business and Finance 39, pp. 578-594. ISSN 0275-5319.
- Mamatzakis, Emmanuel and Matousek, R. and Vu, A.N. (2016) What is the impact of bankrupt and restructured loans on Japanese bank efficiency?. Journal of Banking & Finance 72 (S), pp. S187-S202. ISSN 0378-4266.
- Mamatzakis, Emmanuel and Bermpei, T. (2016) What is the effect of unconventional monetary policy on bank performance?. Journal of International Money & Finance 67, pp. 239-263. ISSN 0261-5606.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2015) How are market preferences shaped? The case of sovereign debt of stressed euro-area countries. Journal of Banking & Finance 61, pp. 106-116. ISSN 0378-4266.
- Mamatzakis, Emmanuel and Tsionas, M.G. and Kumbhakar, S.C. and Koutsomanoli-Filippaki, A. (2015) Does labour regulation affect technical and allocative efficiency? Evidence from the banking industry. Journal of Banking & Finance 61 (S1), pp. S84-S98. ISSN 0378-4266.
- Mamatzakis, Emmanuel and Bermpei, T. (2015) The effect of corporate governance on the performance of US investment banks. Financial Markets, Institutions & Instruments 24 (2-3), pp. 191-239. ISSN 0963-8008.
- Babalos, V. and Mamatzakis, Emmanuel and Matousek, R. (2015) The performance of US equity mutual funds. Journal of Banking & Finance 52, pp. 217-229. ISSN 0378-4266.
- Mamatzakis, Emmanuel (2015) Risk and efficiency in the Central and Eastern European banking industry under quantile analysis. Quantitative Finance 15 (3), pp. 553-567. ISSN 1469-7688.
- Kalyvas, A.N. and Mamatzakis, Emmanuel (2014) Does business regulation matter for banks in the European Union?. Journal of International Financial Markets, Institutions and Money 32, pp. 278-324. ISSN 1042-4431.
- Mamatzakis, Emmanuel (2014) Revealing asymmetries in the loss function of WTI oil futures market. Empirical Economics 47 (2), pp. 411-426. ISSN 0377-7332.
- Mamatzakis, Emmanuel and Koutsomanoli-Filippaki, A. (2014) Testing the rationality of DOE's energy price forecasts under asymmetric loss preferences. Energy Policy 68, pp. 567-575. ISSN 0301-4215.
Monograph
- Mamatzakis, Emmanuel (2022) Euro-area monetary policy, bank resilience and bank competition.. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Staikouras, C. and Triantopoulos, C. (2022) How low for how long? From a monetary policy perspective. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongenab, S. and Tsionas, M.G. (2022) Does paying your debt make you happy during the pandemic?. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M.G. (2022) The response of household debt to COVID-19 using a neural networks VAR in OECD. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel (2022) A Bayesian policy learning model of COVID-19 interventions and its impact on household debt repayments.. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M.G. (2022) Why do households repay their debt during the COVID-19 crisis? A VAR analysis using neural networks.. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M. (2021) Bayesian Policy learning during COVID-19. The Accounting and Finance Research Centre (AFRC) working paper series London, UK: Birkbeck, University of London.
- Izzeldin, M. and Mamatzakis, Emmanuel and Murphy, A. and Tsionas, M. (2020) A novel MIMIC-style model of European bank technical efficiency and productivity growth. Federal Reserve Bank of Dallas Working Paper Dallas, U.S.: Federal Reserve Bank of Dallas.
- Leledakis, G.N. and Mamatzakis, Emmanuel and Pyrgiotakis, E.G. and Travlos, N.G. (2020) Does it pay to acquire private firms? Evidence from the U.S. banking industry. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2020) Testing for persistence in US mutual funds’ performance: a Bayesian dynamic panel model. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Xu, B. (2020) Does ownership structure affect performance? Evidence from Chinese mutual funds. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Tsionas, E. (2020) Decomposing total factor productivity while treating for misspecification. London, UK: Birkbeck, University of London.
External Repositories

Emmanuel Mamatzakis

Overview

Biography

Highlights

Qualifications

Web profiles

Administrative responsibilities

Professional activities

Professional memberships

Honours and awards

ORCID

Research

Research interests

Research Centres and Institutes

Research clusters and groups

Research projects

Household Debt Repayments

Supervision and teaching

Supervision

Current doctoral researchers

CONRAD DUMBAH

Publications

Article

Monograph

External Repositories