Core Faculty

Christos Cabolis

Associate Professor of Economics and Finance (on leave of absence 2016-2017) B.A., National University of Athens; M.A., California State University, Long Beach; Ph.D., University of California at Santa Barbara

In 2016 Christos joined IMD from ALBA Graduate Business School at The American College of Greece where he is an Associate Professor of Economics and Finance. Prior to ALBA he was the Executive Director of the International Center for Finance at Yale School of Management. From 1997-2002 he was a lecturer of Economics at Yale University where he also served as the Dean of Jonathan Edwards College. Christos has also taught at the University of California at Santa Barbara and at the University of North Carolina’s Kenan-Flagler Business School where he was a Visiting Associate Professor of Finance in 2010-11. His teaching focuses on courses related to Business Economics, Macroeconomics, Corporate Finance, Financial Management and Industrial Organization. A Research Fellow at the International Center for Finance at the Yale School of Management, his research focuses on issues related to mergers, the valuation of changes in corporate governance, as well as measuring market power. Currently he works in the areas of the effects of rating agencies’ evaluations, the interplay between competition and specialization in venture capital firms, as well as the optimum size of Banks. He has published in the Review of Financial Studies, Journal of Law and Economics and Journal of Banking and Finance among others. Christos has been awarded grants by the BSI Gamma Foundation and the Sloan Foundation for his research. He is also the recipient of the Inaugural “Jaime Fernandez de Araoz” Award in Corporate Finance.

Contact Details

TEL.: (+30) 210-896 4531-8 Fax : (+30) 210-896 4737 E mail :


Brisley, N., Bris, A., & Cabolis, C. 2011. A theory of optimal expropriation, mergers and industry competition. Journal of Banking and Finance, 35: 955-96

Bris, A., & Cabolis, C. 2008. The value of investor protection: Evidence from cross-border mergers. Review of Financial Studies, 21: 605-648.

Bris, A., Brisley, N., & Cabolis, C. 2008. Adopting better corporate governance: Evidence from cross-border mergers. Journal of Corporate Finance, 14: 224-240.

Cabolis, C., Clerides, S., Ioannou, I., & Senf, D. 2007. A textbook example of international price discrimination. Economics Letters, 95: 91-95.

Bris, A., Cabolis, C., & Janowski, V. 2007. The effect of merger laws on merger activity: International evidence. In G. Gregoriou and L. Renneboog (Eds.), International Mergers and Acquisitions Activity since 1990: Quantitative Analysis and Recent Research, Massachusetts: Elsevier.

Krouse, C., Cabolis, C., Danger, K., Carter, T., Riddle, J. M., & Rya, D. J. 1997. The bell system divestiture / deregulation and the efficiency of the operating companies. Journal of Law and Economics, 42: 61-87.


Inaugural “Jaime Fernandez de Araoz” Award in Corporate Finance, 2005