ACG 150

Dr. Kostas Tzioumis

Associate Professor of Finance, Alba Graduate Business School


London School of Economics, London, UK
PhD in Industrial Relations
2000 – 2005

London School of Economics, London, UK
MSc in Industrial Relations and Personnel Management
1999 – 2000

London School of Economics, London, UK
MSc in Accounting and Finance
1996 – 1997

Athens University of Economics & Business, Athens, Greece
BSc in Business Administration
1992 – 1996

Kostas Tzioumis is an associate professor of Finance at the ALBA Graduate Business School. Prior to joining ALBA in 2018, he was a bank examiner at the Office of the Comptroller of the Currency (OCC), an independent bureau of the U.S. Department of the Treasury. Dr. Tzioumis has also worked at the World Bank and the London School of Economics (LSE). After studying at the Athens University of Economics & Business (AUEB), he received his MSc in accounting and finance, and his PhD in industrial relations from the LSE, where he specialized in personnel economics. He has several publications in leading academic journals.


Mayock, T. and Tzioumis, K. (2021) New construction and mortgage default. Journal of Banking and Finance, 133.

Karouzakis, N. and Tzioumis, K. (2021) Spillover costs of national security policies. Annals of Tourism Research, 88.

Tzioumis, K. (2018) Demographic aspects of first names. Scientific Data (Nature), 5(1), pp. 1-9.

Tzioumis, K. (2017) Mortgage mispricing: The case of co-borrowers. Journal of Urban Economics, 99(3), pp. 79-93.

Tzioumis, K. (2017) Appraisers and valuation bias: An empirical analysis. Real Estate Economics, 45(3), pp. 679-712.

Tzioumis, K. (2016) Detecting discrimination: A dynamic perspective. Journal of the Royal Statistical Society: Series A, 179(1), pp. 133-152.

Tzioumis, K. and Gee, M. (2013) Non-linear incentives and mortgage officers’ decisions. Journal of Financial Economics, 107(2), pp. 436-453.

Tzioumis, K. (2013) Are company founders underpaid? Applied Economics, 89(5), pp. 2527-2536.

Klapper, L. and Tzioumis, K. (2012) Taxation and capital structure: Evidence from a transition economy. FinanzArchiv: Public Finance Analysis, 68(2), pp. 165-190.

Tzioumis, K. (2008) Why do firms adopt CEO stock options? Journal of Economic Behavior and Organization, 68(1), pp. 100-111.

Kumar, A., Joshi, M., Ronchi, L. and Tzioumis, K. (2007) Measuring financial access, in M. Barr, A. Kumar and R. Litan (eds.) Building Inclusive Financial Systems, Brookings Institution Press, 2007.

Claessens, S. and Tzioumis, K. (2006) Ownership and financing structures of corporations in Europe. Corporate Governance: An International Review, 14(4), pp. 266-276.