Kavussanos Manolis

Manolis G. Kavussanos is Professor of Finance and Shipping at the Athens University of Economics and Business (AUEB), Greece. He holds BSc (Economics, Queen Mary College) and MSc (Economics, Birkbeck College) from the University of London and PhD (Applied Economics) from BAYES Business School, City St. Georges, University of London. He is the founder since 2015 and for 10 years the Director of the MSc program in International Shipping, Finance and Management (ISFM) and of the Laboratory for ISFM since 2017 at AUEB. Other positions that he has held, include: Elected member of the Governing Council of the International Association of Maritime Economists (IAME), Vice president and Council member of the Hellenic Association of Maritime Economists, member of the Board of Directors of the Hellenic Institute of History of Commercial Shipping, independent non-executive member of the BoD of a Greek Bank, Head of its REMCO and member of its Audit Committee. 

He has been for 5 years Director of the MSc and PhD programs in Accounting and Finance at AUEB and for 10 years member of its steering committee and of the Athens MBA program for 5 years. He founded and Directed the Laboratory for Applied Finance at AUEB for the period 2003 to 2017. He has been the coordinator of the BSc in Finance program at Hellenic Open University and the MSc in Banking and Finance program at Open University of Cyprus. He co-launched and Directed the MSc program in Trade, Logistics and Finance at BAYES Business School (London) until he joined AUEB. He is or has been a member of the editorial boards of major international scientific journals, member of award committees for prestigious academic and professional prizes and scholarships (e.g. Onassis foundation, Hanjin prize, Hellenic Shipping Hall of Fame, etc.). He has been the recipient of several awards and scholarships, including teaching awards, the Hanjin prize for best research paper award; and the Propontis foundation post-doc academic scholarship. 

Various posts held in the past include: Reader, Senior lecturer and lecturer in Shipping Economics and Finance at Bayes Business School (UK); Visiting Professor at: ICMA Centre, University of Reading (UK), National University of Singapore (Singapore), Nanyang Technological University of Singapore (NTUS), Korea Maritime and Ocean University (KMOU), Hong Kong Polytechnic University, Erasmus University (Rotterdam, the Netherlands), University of Antwerp (Belgium), KEDGE (Euromed Marseille, France), World Maritime University (Malmoe, Sweden), Shanghai Maritime University (China), Tor-Vergata (Roma II) University (Italy), University of Bergamo (Italy), the Hellenic Open University (Greece), the University of Piraeus (Greece), Open University of Cyprus (Cyprus), and Cyprus International Institute of Management (Cyprus); also, expert evaluator and consultant in financial economics, shipping and transportation issues for organizations, like the Commission of the European Communities and other public and private sector companies. 

He has written extensively in the areas of finance, shipping and applied economics and has been the author of numerous pieces of academic work published in top international refereed journals and conference proceedings (e.g. Journal of Banking & Finance, Energy Economics, European Financial Management, J. of Futures Markets, Review of Derivatives Research, Transportation Research Part E, J. of Transport Economics and Policy, Maritime Policy and Management, Maritime Economics and Logistics, etc.), including monographs, books and journal guest volumes. This work has been presented in international conferences and professional meetings around the world, gaining awards for its quality (e.g. Hanjin prize for best paper award), being sponsored by both public and private sector companies and organizations (e.g. Propontis foundation) and being cited extensively by other researchers in the area, with citations being in the order of thousands (5144 according to google scholar in Jan. 2025). A number of PhD students have successfully completed their PhD thesis under his supervision, some of which are professors in prestigious Universities around the world. 

Past lecturing experience includes both postgraduate (PhD, MBA, MSc) and undergraduate levels (BSc, BA), in subject areas such as Financial Derivatives, Investments and Portfolio Management, Financial Management, Corporate Finance, Shipping Investments & Finance, Maritime Economics and Business, Freight Derivatives and Risk Management in Shipping, Economic Modeling (Applied Econometrics) and Quantitative Methods (Mathematics, Statistics and Operational Research for Business). He has gained membership of the UK Institute for Learning and Teaching and has received teaching awards at Bayes Business School in London and at AUEB in Athens. 

Since 1992 he has worked in developing the area of risk analysis, measurement and management in shipping and is the co-author of four books in this area and in shipping finance, including the leading reference books for academia and the industry: “Derivatives and Risk Management in Shipping” (1st and 2nd edition), “Theory and Practice of Shipping Freight Derivatives” and “Risk and return in transportation and other US and global industries”. The “International Handbook of Shipping Finance” has been translated from English into Greek and Chinese, amongst other languages. According to Stanford University publications, since 2020 he has been classified in the top 2% of scientists internationally in his field of expertise. Research interests include financial, commodity and shipping derivatives, credit risk, asset valuation, the market microstructure of financial and shipping markets and forecasting.