Dr Nick Tsitsianis

Profile

Roles:

• Programme Director for MSc Accounting and Management
• Programme Director for MSc Accounting and Finance
• Member of the Department of Accounting and Financial Management

Biography:

I have a PhD in Behavioural Economics from Brunel University (Department of Economics and Finance) and I joined Queen Mary University of London in May 2013. Before joining School of Business and Management I held academic positions at Brunel University (Department of Economics and Finance), University Of Kent at Canterbury (Department of Economics) and University of Hertfordshire Business School (Department of Accounting, Finance and Economics).

Research: My research focuses on analysing firms, financial and accounting performance, corporate governance and individual labour market trends as well as well-being. Recently, I submitted a parliamentary report regarding the case of Carillion Plc. My research has been published among others in Critical Perspectives in Accounting, Accounting Forum, British Journal of Industrial Relations, Journal of Economic Behaviour and Organisation and Economics Letters. Recently I worked together with with Colin Haslam, Sukhdev Johal on how a reporting  entity’s business model can inform financial and non-financial disclosures. This research considers how the adoption of new accounting standards for financial disclosures need to be contextualised within an understanding of the financialized firm.

PhD -Supervision:  I am currently supervising four full-time PhD students, I have recorded six (6) Doctoral Completions and I have conducted six (6) PhD Vivas as an External Examiner.

Past Academic Roles: My administration experience ranged from Director of Student Engagement and Experience, Programme Directorships at UG and PG level and Student Admissions Management.

Teaching

Postgraduate:

• BUSM114: International Business Analysis
• BUSM116: Management Control

I have successfully taught numerous Modules ranging from Economics and Econometrics to Financial Statement Analysis and Corporate Finance across different modes of study. I have also contributed in 2017 a full module (Financial Reporting Analysis) to the Global MBA administered by the University of London.

I have also won the Poster Competition of the CABS LTSE (Chartered Association of Business Schools -Learning Teaching and Student Experience) 2018 Conference which was held in April 2018 in Glasgow.

Research

Research Interests:

Dr Tsitsianis  welcomes enquiries from prospective doctoral students with an interest in:

• Greenhouse Gas (GHG) Emissions and their impact corporate valuations and performance
• Corporate Governance
• Corporate Financial Performance
• Big Data Analysis and its impact on firm performance
• Employee/Self-Employed well-being and the impact on labour market attitudes

Financial and Corporate performance, Financialisation, Business Models, Behavioural Economics, Microeconometrics and Information Systems. My research has consolidated into two main areas where my distinctive contribution has been with the development of reference data analysis to help our understanding of economic phenomena and for the purpose of corporate financial analysis and market valuation. This approach has been used, for example, in my research on income and happiness, financialization and nature of the digital divide.

Centre and Group Membership:

• Member of the Accounting & Accountability Research Group (AARG)

Publications

My publications are divided into (i) Refereed articles, (ii) Books and book chapters, (iii) Industrial reports and (iv) Parliament reports

i. Refereed articles

• Tsitsianis, C. Haslam, P. Gleadle and T. Andersson (2010) “Bio-Pharma: A Financialized Business Model”, Critical Perspectives on Accounting, Vol. 21, pp. 631-641.
• Tsitsianis, J. Choudrie, S. Grey and C. Haslam (2011) “Identifying the Adopters and Non-Adopters of Broadband amongst Silver Surfers: Using the BHPS”, Electronic Government, An International Journal Vol. 8, No. 1, pp. 40-58.
• Tsitsianis, T. Andersson, C. Haslam, and Y.P. Yin (2013) “Apple’s Financial Success: The Precariousness of Power Exercised in Global Value Chains”, Accounting Forum, Volume 37, Issue 4, pp. 268–279
• Tsitsianis, T. Andersson, C. Haslam, and P. Gleadle (2015) “Accounting for Business Models: Increasing the Visibility of Stakeholders” , Journal of Business Models (2015), Vol. 3, No. 1, pp. 62-80
• Tsitsianis, T. Andersson, C. Haslam, and P. Gleadle (2015) “Real Estate Investment Trusts (REITS): A New Business Model in the FTSE100” - Accounting Forum. Volume 39, Issue 4, pp. 239–248
• Tsitsianis, T. Andersson, C. Haslam, R. Hoinaru and P. Gleadle (2016) “Stress Testing the International Financial Reporting Standards (IFRS): Accounting for Stability and the Public Good in a Financialised World” -  Accounting, Economics and Law: A Convivium, Volume 6, Issue 2, pp. 93-118
• Tsitsianis, C. Haslam, and G. Katechos. (2017). “Stress Testing the Adoption of Fair Value Accounting (FVA): Fragility and Instability in Financialized Firms”. In R. Roslender (Ed.), The Routledge Companion to Critical Accounting - Routledge Companions in Business, Management and Accounting. Routledge.
• Tsitsianis, C. Haslam, E. Lee and G. Theodosopoulos, “Accounting For Voluntary Hospices In England: A Business Model Perspective” – Critical Perspectives in Accounting, Vol. 54, pp. 27-40
• Tsitsianis, C. Haslam, G. Lehman T. Andersson and J. Malamatenios. (2018). “Accounting for Deacarbonisation and Reducing Capital at Risk in the S&P500”, Accounting Forum, Vol. 42, Issue 1,  pp. 119-129
• Tsitsianis, T. Andersson, C. Haslam, E. Lee and G. Katechos (2010) “Corporate Strategy Financialized: Conjuncture, Arbitrage and Earnings Capacity in the S&P500”, Accounting Forum, Vol. 34, Issues 3-4, pp. 211-221.
• Tsitsianis, J. Choudrie and S. Grey (2010), “Evaluating the Digital Divide: The Silver Surfer’s Perspective”, Electronic Government, an International Journal , Vol. 7, No. 2, pp. 148-167.
• Tsitsianis, G. M. Caporale, Y. Georgellis and Y. P. Yin (2009), "Income and Happiness Across Europe: Do Reference Values Matter?" Journal of Economic Psychology, Vol. 30, Issue 1, pp. 42-51.
• Tsitsianis, Y. Georgellis and Y. P. Yin (2009), “Personal Values as Mitigating Factors in the Link between Income and Life Satisfaction: Evidence from the European Social Survey”, Social Indicators Research, Vol. 91, Issue 3, pp. 329-344.
• Tsitsianis, Y. Georgellis and A. Gregoriou and J. Healy (2008), "Unemployment and Life Satisfaction: A Non-linear Adaptation Process", International Journal of Manpower. Vol. 29, Issue 7, pp. 668-680.
• Tsitsianis, J. Sessions and Y. Georgellis (2008), “Social Capital and Windfalls: Empirical Evidence”, Economics Letters, Vol. 99, pp. 521-525. 
• Tsitsianis, Y. Georgellis and A. Gregoriou (2008), “Adaptation towards Reference Values: A Non-linear Perspective”, Journal of Economic Behavior & Organization, Vol. 67, pp. 768-781.
• Tsitsianis, T. Andersson, C. Haslam and E. Lee (2008), “A Financialized Account of Corporate Governance” in Strange, R and Jackson G., (eds), ‘Corporate Governance and International Business’, Vol.15. AIB-UKI and Palgrave Macmillan.
• Tsitsianis, T. Andersson, C. Haslam and E. Lee (2008), “Financialization Directing Strategy”, Accounting Forum, Vol. 31, Issue 4, pp. 261-275.
• Tsitsianis, T. Andersson, C. Haslam and E. Lee (2007), “Financialized Accounts: Share Buy-Backs, Mark to Market and Holding the Financial Line in the S&P 500”, Accounting Forum, Vol. 31, Issue 2, pp. 165-178.
• Tsitsianis, T. Andersson, C. Haslam and E. Lee, (2007), “Financialized Accounts: A Stakeholder Account of Cash Distribution in the S&P 500 (1990–2005)”, Accounting Forum, Vol. 31, Issue 3, pp. 217-232.
• Tsitsianis, J. Sessions and Y. Georgellis, (2007), “Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival”, Quarterly Review of Economics and Finance, Vol. 47, Issue 1, pp. 94-112.
• Tsitsianis, J. Sessions and Y. Georgellis, (2005), “Self-Employment and Small Business Dynamics: A Review of the Literature” Economic Issues, Vol. 10, Issue 2, pp. 51-70.
• Tsitsianis and F. Green (2005), “Can the Changing Nature of Jobs Account for National Trends in Job Satisfaction?”, British Journal of Industrial Relations, Vol. 43, Issue 3, pp. 401-429.
• Tsitsianis, J. Sessions and Y. Georgellis (2005), “Windfalls, Wealth, and the Transition to Self-Employment”, Small Business Economics Journal, Vol. 25, pp. 407-428.
• Tsitsianis, A. Gregoriou and A. Kontonikas (2004), “Does the Day of the Week Effect Persist Once Transaction Costs Have Been Accounted for? Evidence from the UK”, Applied Financial Economics, Vol. 14, Issue 3, pp. 115-120.

ii. Books and book chapters

• Tsitsianis, N. and F. Iovino (2019) “Changes In European Energy Markets: What the Evidence Tells Us”, Emerald (ISBN13 9781839091100)
• Moran, M, Williams, K., Froud, J. et al. (2018). “Foundational Economy: The Infrastructure of Everyday Life”. Manchester University  Press 
• Tsitsianis, C. Haslam, and G.  Katechos (2017) “Stress Testing the Adoption of Fair Value Accounting (FVA): Fragility and Instability in Financialized Firms”, In R. Roslender (Ed.), The Routledge Companion to Critical Accounting - Routledge Companions in Business, Management and Accounting. Routledge.
• Tsitsianis, N., C. Haslam, T. Andersson and Y.P. Yin (2013):  “Business Models Redefined: Strategies for a Financialized World”, Routledge.
• Andrew Bowman, Ismail Ertürk, Peter Folkman, Julie Froud, Colin Haslam, Sukhdev Johal, Adam Leaver, Michael Moran, Nick Tsitsianis and Karel Williams (2015) “What a Waste, Outsourcing and How it Goes Wrong”, Manchester University Press, ISBN: 978-0-7190-9953-3.  
• Tsitsianis, N, Andersson, C. Haslam and E. Lee (2008) “A Financialized Account of Corporate Governance” in Strange, R and Jackson G., (eds), ‘Corporate Governance and International Business’, Vol.15. AIB-UKI and Palgrave Macmillan

iii. Industrial reports

• N. Tsitsianis, C. Haslam and P. Gleadle (2011), “Sustaining UK Bio-Pharma: Innovation, Re-invention and Capital at Risk” published by Institute of Chartered Accountants Scotland (ICAS) http://icas.org.uk/haslam
• BDO Stoy Hayward. Financial and Strategic Analysis of FTSE-AIM Sectors; Media, Real Estate and Extraction/Mining. Reports commissioned by BDO Stoy Hayward (2007-2009).
• MTI Industries and Nabarro Lawyers. Two Reports produced: “FTSE AIM 2007: Where Now For Technology?”& “FTSE AIM: 2006 A Watershed Year?”  Commissioned by MTI Industries and Nabarro Lawyers. Reports launched at London Stock Exchange March, 2007 & 2008.

iv. Parliament reports

PUBLIC ADMINISTRATION AND CONSTITUTIONAL AFFAIRS COMMITTEE

The below report was submitted to the UK2070 Commission. The UK2070 Commission is an independent inquiry into city and regional inequalities in the UK. Chaired by Lord Kerslake, it has been set up to conduct a review of the policy and spatial issues related to the UK’s long-term city and regional development.

Julie Froud, Colin Haslam, Sukhdev Johal, Nick Tsitsianis and Karel Williams “Foundational Liveability: Rethinking Territorial Inequality” https://foundationaleconomycom.files.wordpress.com/2018/12/foundational-livability-wp-no-5-fe-collective.pdf

STRESS TESTING OUTSOURCING COMPANIES USED BY THE UK GOVERNMENT

The below report was submitted to the British Parliament regarding the Sourcing of Public Services: Lessons to Be Learned From the Collapse of Carillion. An Inquiry

See the full report here.

Supervision

Current PhD Supervision:

1st Supervisor

• Bushra Alangary, 'The Determinants of Adopting IFRS in Saudi Arabia its impact on Public Companies.' 
• Anna Elia, 'The Determinants of Adopting Integrated Reporting for Publicly-listed Firms.'
• David Ririmasse, 'Carbon Asset Risks. An Empirical and Econometrics Approach.'
• Supriya Shinde, 'Impact of data-driven decision-making on business performance.'

2nd Supervisor

• Mario Charles Abela, 'Business Models and Financial Reporting.'
• Razvan Hoinaru, 'Accounting for IFRS: A Regulatory Network Perspective'

Public Engagement

Research findings have been presented at the  European Institute for Law. In addition, this group of researchers are working on non-financial disclosures for sustainability and have been involved in the UNEP/WRI report on Carbon Asset Risk.