Social & Political Sciences

Social & Political Sciences Experts

Irene Karamanou

Department of Accounting and Finance
Cyprus University of Technology


The Pennsylvania State UniversityPh.D. – Business Administration (Accounting), 2000Maastricht School of ManagementM.B.A. (Hons) - Marketing/Management, 1994The University of HoustonBBA (Summa Cum Laude) - Accounting, 1991 Professional Certification:Certified Public Accountant, State of Texas 1995Board Directorships: Bank of Cyprus: Non-executive, Independent Director. Appointed April 2011

Research Interest

Capital markets-based empirical research, specifically, how accounting information affects the allocation of capital within the economy. Specific interests include the valuation effects of accounting disclosures and the role of regulation and financial intermediation, in both the domestic (US) and international markets.


  • Karamanou, I., and G. Nishiotis, Disclosure and the cost of capital: Evidence from the market’s reaction to firm voluntary adoption of IAS”, Journal of Business, Finance and Accounting 36, 2009:793-821

  • Karamanou I., On the determinants of optimism in financial analyst earnings forecasts: The effect of the market’s ability to adjust for the bias, Abacus 47,2011: 1-26

  • Karamanou I., The value relevance of analyst earnings forecasts in emerging markets, accepted for publication, Advances in Accounting Incorporating Advances in International Accounting 28, 2012.

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