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School of Business and Management

Dr Nick Tsitsianis


Senior Lecturer in Accounting

Telephone: +44 (0)20 7882 6540
Room Number: Mile End, Bancroft Building, Room 4.28
Office Hours: Monday, 12.55pm-1.55pm Friday, 12.15pm-1.15pm



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). 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  

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, Journal of Economic Behaviour and Organisation and Economics Letters.

Current academic roles: I am also Director of Student Experience and Engagement and in this capacity I have started to concentrate on education research. I won the Poster Competition of the CABS LTSE 2018 Conference which was held in April 2018 in Glasgow.

Doctoral involvement:  I am currently supervising two PhD students, I have recorded five (5) Doctoral Completions and I have conducted six (6) PhD Viva as an External Examiner.

Past academic roles: My administration experience ranged from Programme Directorships to UG and PG Student Admissions Management. 

Postgraduate Teaching

  • International Business Analysis (BUSM114)
  • Management Control (BUSM116)


Research Interests:

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

  • Corporate Governance
  • Financial Reporting
  • Corporate Financial 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.


My publications are divided into (i) Refereed Articles, (ii) Books and Books Chapters, (iii) Industrial Reports and (iv) Parliament Reports (the case of Carillion Plc)


  • 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 -
  • Tsitsianis, C. Haslam, E. Lee and G. Theodosopoulos, “Accounting For Voluntary Hospices In England: A Business Model Perspective” – Critical Perspectives in Accounting
  • 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, 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, 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 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, 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, C. Haslam, P. Gleadle and T. Andersson (2010) “Bio-Pharma: A Financialized Business Model”, Critical Perspectives on Accounting, Vol. 21, pp. 631-641.
  • 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) “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.


  • 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, 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, 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


  • 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)
  • 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.


Julie Froud, Colin Haslam, Sukhdev Johal, Nick Tsitsianis and Karel Williams “Foundational Liveability: Rethinking Territorial Inequality”
The above 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.
Public Administration And Constitutional Affairs Committee

Sourcing Public Services: Lessons to Be Learned From the Collapse of Carillion. An Inquiry


See the full report below



  • Mario Charles Abela (currently PhD Candidate). Thesis Title: “Business Models and Financial Reporting”.


  • Mohammed Kasbar (currently PhD Candidate). Thesis Title: “The role of Corporate Governance and Financial Metrics on Firms Performance. An Empirical and Econometrics approach”. Mohammed Kasbar was awarded a full Queen Mary Studentship following interviews and the submission of the School Nomination Form. 


  • John Malamatenios:  “Accounting for Carbon Footprint in the FTSE100: Culture, Commitment and Credibility”. Viva held in November 2014 and the outcome was “Ph.D. Award – Minor Corrections”. Dr John Malamatenios was formally awarded his PhD in July 2015 during the Graduation Ceremony.
  • Grigorios Theodosopoulos: Thesis Title: “The Business Model and the Financial Viability of the Hospices in England: An Accounting Perspective”.  Grigorios passed his Viva (Thu 05 May 2016) and the outcome was “Ph.D. Award – No Corrections”. Dr Grigorios Theodosopoulos was formally received his PhD in July 2017 during the Graduation Ceremony.
  • Alain Wouassom: Thesis Title: “Contrarian and Momentum Portfolio Strategies: Global Evidence”. Alain passed his Viva (Fri 25 November 2016) and the outcome was “Ph.D. Award – Minor Corrections”. Dr Alain Wouassom was formally received his PhD in July 2017 during the Graduation Ceremony.