Table of Contents

Preface...... xv

Chapter 1 How the Greek Crisis Determined Firm Profitability and Optimal Debt Ratio.....1 Ioannis Katsampoxakis, University of , Haralampos Basdekis, Ministry of Finance, Greece & University of Athens, Greece Konstantinos Anathreptakis, Alpha Bank, Greece

Chapter 2 Interactions Between Macroeconomic Variables and Stock Market Indices: Evidence From Germany, Denmark, and Spain, Including the Period of . Crisis...... 32 Apostolos G. Christopoulos, National and Kapodistrian University of Athens, Greece Nikolaos Demiroglou, of Social and Political Sciences, Greece Ioannis G. Dokas, Democritus University of Thrace, Greece

Chapter 3 The Impact of Capital Controls on the Use of Electronic Means of Payments (EMPs) in Greece: Empirical Study...... 74 Nikolaos Giannopoulos, Piraeus Agency S.A., Greece Alina Hyz, Piraeus University of Applied Sciences, Greece

Chapter 4 The Information Content of Tax Loss Carryforwards Before and During the Global Financial Crisis: Evidence From Greece...... 91 Chytis Evangelos, Technological Educational Institute of , Greece Filos Ioannis, Panteion University, Greece Gkouma Olympia, Panteion University, Greece 

Chapter 5 A Comparative Analysis on International Portfolio Flows to Asian Stock Markets With a Nonlinear Perspective...... 108 Ayben Koy, Istanbul Commerce University, Turkey

Chapter 6 Banks, Stock Markets, and Growth Relationships in the EU28 Countries...... 129 Andreas G. Georgantopoulos, Panteion University of Political and Social Sciences, Greece Ioannis Filos, Panteion University of Political and , Greece Evangelos I. Poutos, Hellenic , Greece

Chapter 7 The Impact of Economic Sentiment, Consumer, Producer and Investor’s Confidence Indices on Stock Returns of the Listed Companies in FTSE-20 in Greece...... 162 Constantine Cantzos, Piraeus University of Applied Sciences, Greece Petros Kalantonis, Piraeus University of Applied Sciences, Greece Aristidis Papagrigoriou, Piraeus University of Applied Sciences, Greece Stefanos Theotokas, Piraeus University of Applied Sciences, Greece

Chapter 8 The Robustness of Portfolio Optimization Models: An Empirical Comparative Analysis...... 210 Antonis Pavlou, Technical University of , Greece Michalis Doumpos, Technical , Greece Constantin Zopounidis, Technical University of Crete, Greece & Audencia Business School, France

Chapter 9 Brokering Cloud Computing: Pricing Models and Simulation Approaches...... 230 Georgia Dede, , Greece George Hatzithanasis, Harokopio University, Greece Thomas Kamalakis, Harokopio University, Greece Christos Michalakelis, Harokopio University, Greece

Chapter 10 Earnings Management and Institutional Ownership in Turkey...... 252 Aslı Aybars, Marmara University, Turkey Levent Ataünal, Istanbul Aydin University, Turkey 

Chapter 11 Measuring Compliance With IFRS Mandatory Disclosure Requirements: Some Evidence From Greece...... 273 Apostolos Ballas, Athens University of and Business, Greece Nicos Sykianakis, Piraeus University of Applied Sciences, Greece Christos Tzovas, Athens University of Economics and Business, Greece Constantinos Vassilakopoulos, Athens University of Economics and Business, Greece

Chapter 12 Determinant Factors of the Quality Management Commentary Reports...... 301 Alexandros E. Garefalakis, , Greece Augustinos I. Dimitras, Hellenic Open University, Greece Panagiotis Ballas, Technical University of Crete, Greece

Compilation of References...... 316

Index...... 353