PhD, Yale University
MA, Oxford University
BA, Oxford University
Courses Recently Taught
Financial Modeling (BFIN2145, BUSFIN1351)
Empirical Methods in Finance (BFIN3024)
Market Microstructure Seminar (BFIN3018)
Marios Panayides joined the finance faculty in 2010. Prior to that, he was a finance faculty member at the University of Utah David Eccles School of Business. His research interests include market microstructure, market efficiency and econometric techniques. His work has appeared in top finance journals, including the Journal of Financial Economics, Journal of Financial and Quantitative Analysis and Journal of Financial Intermediation, and has been presented at numerous finance conferences. He was awarded the best paper award at the Multinational Finance Society Meetings in 2015 and Financial Management Association Annual Meeting in 2009.
"Affirmative Obligations and Market Making with Inventory," Journal of Financial Economics, 2007, 86, 513-542.
"Hidden Liquidity: An Analysis of Order Exposure Strategies in Automated Markets," with Hank Bessembinder and Kumar Venkataraman, Journal of Financial Economics, 2009, 94, 361-383.
"Market Making in International Capital Markets: Challenges and Benefits of Its Implementation in Emerging Markets," with Andreas Charitou, International Journal of Managerial Finance: Special Issue on International Market Microstructure, 2009, 5, 50-80.
"When a Halt is Not A Halt: An Analysis of Off-NYSE Trading During NYSE Market Closures," with Bidisha Chakrabarty and Shane Corwin, Journal of Financial Intermediation, 2011, 20, 361-381.
“Volume Dynamics and Multimarket Trading,” with Michael Halling and Pamela Moulton, Journal of Financial and Quantitative Analysis, 2013, 48, 489-518.
“Do Financial Analysts Restrain Insiders’ Informational Advantage?,” with Andrew Ellul, Journal of Financial and Quantitative Analysis, forthcoming.
“Informed Trading and Price Discovery Before Corporate Events,” with Kumar Venkataraman and Shmuel Baruch, Journal of Financial Economics, forthcoming.
“Commonality in Institutional Ownership and Intra-Industry Integration”, with Shawn Thomas.
Awards and Honors
Best Paper Award, Multinational Finance Society, 2015.
Best Paper in Market Microstructure Award, Financial Management Association, 2009.
Dean's Excellence Fund, Faculty Fellowship, University of Pittsburgh, 2009.
Recipient of Katz Excellence in Teaching Award, 2010-2011, 2013-2014.