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Theodosios Dimopoulos
SFI Faculty Member
Professor of Finance
Theodosios Dimopoulos is Professor of Finance at the University of Lausanne and has been an SFI Faculty Member since 2011. He obtained his PhD in Finance from London Business School with a dissertation on managerial incentives in corporate decisions. Prof. Dimopoulos has received several grants and awards during his studies in finance.
Research Interests:
His research interests lie in mergers and acquisitions, corporate finance, and corporate governance.
Recent Research:
In a recent paper, Prof. Dimopoulos and his coauthor raise the question of whether underperformance leads to CEO turnover and whether CEO turnover leads to delivering performance improvements in European firms. When using data from British and German firms, covering the 1995 to 2005 period, the researchers find that replacing the CEO in an underperforming firm leads to large profitability improvements – around 10 percent – in the following years. This result applies irrespective of the firms’ level of governance, but suggests that boards take the right decisions in times of crisis. Further analysis reveals that the structure of the board, whether it is insider – outsider dominated or has a two-tier structure, has virtually no effect on the quality of the decisions it takes.