Professor Yannis Tsalavoutas

Professor (Accounting & Finance)

telephone: (0)141 330 6093
email: Ioannis.Tsalavoutas@gla.systa-s.com

Adam Smith Business School, 2 Discovery Place, Glasgow, G11 6EY

Biography

After completing his undergraduate studies at the Technological Educational Institute of Athens (BSc in Business Administration), Yannis undertook the MBA Programme at the University of Stirling with specialisation in Corporate Finance. In November 2009, he completed his PhD in Accounting at the University of Edinburgh. Yannis is a CPA Australia and his work experience includes positions as an accountant (in Greece) and as a financial accounting and reporting analyst at Company Reporting Ltd in Edinburgh. Prior to joining the University of Glasgow in January 2015, Yannis was a Lecturer in Accounting at the University of Stirling.

In parallel to his current post at the University of Glasgow, Yannis is:

a member of the ACCA Global Forum for Corporate Reporting
a member of the ICAS Corporate & Financial Reporting Panel
a member of the UKEB Academic Advisory Group
founder and leader of the Adam Smith Observatory of Corporate Reporting Practices
Ad hoc Associate Editor for The British Accounting Review (since Jan 2022)
Associate Editor for Journal of International Accounting, Auditing and Taxation (since May 2024)

Research interests

Yannis is a member of the School's Accounting research cluster.

His research has been published in many international journals including, ABACUS, Accounting and Business Research, British Accounting Review, Journal of Accounting and Public Policy, Journal of Business Finance & Accounting and Journal of Economic Behavior and Organization.

Area of expertise:

Financial accounting and reporting (with an appeal to practitioners, investors and the academic community). In particular, his research focuses on investigating companies' reporting practices under International Financial Reporting Standards across different jurisdictions, along with any capital market consequences that may arise from divergence in practice.

Publications

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Jump to: 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2010

Number of items: 50.

2026

Seretis, Evangelos ORCID: https://orcid.org/0009-0009-3798-8028, Aleksanyan, Mark ORCID: https://orcid.org/0000-0001-7826-1452 and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2026) Analyst forecast errors and dispersion before and after mandatory Solvency II implementation. Journal of International Financial Markets, Institutions and Money, (Accepted for Publication)

2025

Mazzi, Francesco, Slack, Richard, Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2025) R&D disclosures and informativeness of future earnings. Abacus, 61(4), pp. 897-960. (doi: 10.1111/abac.70019)

Baboukardos, Diogenis, Dionysiou, Dionysia, Slack, Richard, Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2025) Reality of Accounting for Carbon-Related Instruments. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.351799).

Andronoudis, Dimos, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2025) R&D intensity, development costs’ capitalization intensity and stock returns: a variance decomposition analysis. European Accounting Review, (doi: 10.1080/09638180.2025.2468482) (Early Online Publication)

Baboukardos, Diogenis, Seretis, Evangelos ORCID: https://orcid.org/0009-0009-3798-8028 and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2025) Climate Change Reporting: What Do We Know About Its Determinants and Capital Market Consequences? Project Report. ICAS.

2024

Siganos, Antonios ORCID: https://orcid.org/0000-0002-8792-9263, Synapis, Angelos and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2024) Information leakage prior to market switches and the importance of Nominated Advisers. British Accounting Review, 56(6), 101461. (doi: 10.1016/j.bar.2024.101461)

Almaghrabi, Khadija S., Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2024) Capitalised development costs and future cash flows: the effect of CEO overconfidence and board gender diversity. British Accounting Review, 56(6), 101426. (doi: 10.1016/j.bar.2024.101426)

Leventis, Stergios, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2024) Informal institutions in accounting research: a structured literature review. Journal of International Accounting, Auditing and Taxation, 55, 100621. (doi: 10.1016/j.intaccaudtax.2024.100621)

Baboukardos, Diogenis, Seretis, Evangelos ORCID: https://orcid.org/0009-0009-3798-8028, Tsoligkas, Fanis, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Slack, Richard (2024) Climate disclosures: corporations underprepared for tighter new standards, study of 100 companies reveals. Conversation, 11 Jan.

Baboukardos, Diogenis, Seretis, Evangelos ORCID: https://orcid.org/0009-0009-3798-8028, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2024) Evidence on Companies’ Biodiversity Disclosures. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.343754).

2023

Ketterer, Simeon, Dionysiou, Dionysia, Eierle, Brigitte and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2023) Validating implied cost of capital with realized returns by using alternative measures of cash-flow news. British Accounting Review, 55(6), 101220. (doi: 10.1016/j.bar.2023.101220)

Dionysiou, Dionysia, Slack, Richard, Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2023) Reporting of R&D: Disclosure without Recognition? Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.298677).

2022

Almaghrabi, Khadija S. and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2022) Political spending, related voluntary disclosure, and the cost of public debt. Journal of Financial Stability, 63, 101085. (doi: 10.1016/j.jfs.2022.101085)

Aleksanyan, Mark ORCID: https://orcid.org/0000-0001-7826-1452, Abhayawansa, Subhash and Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 (2022) Guest editorial. Sustainability Accounting, Management and Policy Journal, 13(6), pp. 1253-1260. (doi: 10.1108/SAMPJ-11-2022-538)

Baboukardos, Diogenis, Seretis, Evangelos ORCID: https://orcid.org/0009-0009-3798-8028, Slack, Richard, Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2022) Companies’ readiness to adopt IFRS S2 climate-related disclosures. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.278152).

Panetsidou, Styliani, Synapis, Angelos and Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 (2022) Price run-ups and insider trading laws under different regulatory environments. Review of Quantitative Finance and Accounting, 59(2), pp. 601-639. (doi: 10.1007/s11156-022-01052-0)

Mazzi, Francesco, Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2022) Exploring investor views on accounting for R&D costs under IAS 38. Journal of Accounting and Public Policy, 41(2), 106944. (doi: 10.1016/j.jaccpubpol.2022.106944)

Abhayawansa, Subhash, Aleksanyan, Mark ORCID: https://orcid.org/0000-0001-7826-1452, Lee, Kenneth and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2022) Usefulness of Real-time Information: Views of Professional Investors and Analysts. Project Report. Institute of Chartered Accountants of Scotland (ICAS).

2021

Dargenidou, Christina, Jackson, Richard H.G., Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2021) Capitalisation of R&D and the informativeness of stock prices: pre- and post-IFRS evidence. British Accounting Review, 53(4), 100998. (doi: 10.1016/j.bar.2021.100998)

Dionysiou, Dionysia, Slack, Richard, Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2021) The Capitalisation of Intangibles Debate: Software Development Costs. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.244180).

Almaghrabi, Khadija S., Opong, Kwaku and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2021) Compliance with pension-related mandatory disclosures and debt financing. Journal of Business Finance and Accounting, 48(1-2), pp. 148-184. (doi: 10.1111/jbfa.12479)

Baboukardos, Diogenis, Dionysiou, Dionysia, Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2021) Climate Change Risk-related Disclosures in Extractive Industries. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.234936).

Baboukardos, Diogenis, Dionysiou, Dionysia, Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2021) Climate Change Risk-related Disclosures in Extractive Industries: A Comparative Study. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.258686).

Constantatos, Anna-Fani, Dionysiou, Dionysia, Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2021) The Capitalisation of Intangibles Debate: Accounting for Exploration and Evaluation Expenditure in Extractive Activities. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.234937).

Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2021) Uncertainty avoidance and stock price informativeness of future earnings. Journal of International Financial Markets, Institutions and Money, 75, 101410. (doi: 10.1016/j.intfin.2021.101410)

2020

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156, Tsoligkas, Fanis and Evans, Lisa (2020) Compliance with IFRS mandatory disclosure requirements: a structured literature review. Journal of International Accounting, Auditing and Taxation, 40, 100338. (doi: 10.1016/j.intaccaudtax.2020.100338)

Weetman, Pauline, Tsalavoutas, Yannis ORCID: https://orcid.org/0000-0002-4043-3156 and Gordon, Paul (2020) International Corporate Reporting: Global and Diverse [5th ed.]. Routledge: London. ISBN 9781138364981 (doi: 10.4324/9780429430985)

2019

Mazzi, Francesco, Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2019) Country-level corruption and accounting choice: research & development capitalization under IFRS. British Accounting Review, 51(5), 100821. (doi: 10.1016/j.bar.2019.02.003)

Weetman, P. and Tsalavoutas, I. ORCID: https://orcid.org/0000-0002-4043-3156 (Eds.) (2019) The Routledge Companion to Accounting in Emerging Economies. Series: Routledge companions in business, management and accounting. Routledge: New York. ISBN 9780815356202

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Weetman, Pauline (2019) Introduction. In: Weetman, P. and Tsalavoutas, I. (eds.) The Routledge Companion to Accounting in Emerging Economies. Series: Routledge companions in business, management and accounting. Routledge: Abingdon, pp. 1-12. ISBN 9780815356202 (doi: 10.4324/9781351128506-1)

Kreß, Andreas, Eierle, Brigitte and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2019) Development costs capitalization and debt financing. Journal of Business Finance and Accounting, 46(5-6), pp. 636-685. (doi: 10.1111/jbfa.12370)

Mazzi, Francesco, Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2019) The capitalisation debate: R&D expenditure, disclosure content and quantity, and stakeholder views. Project Report. Association of Certified Chartered Accountants, London.

Paisey, Catriona ORCID: https://orcid.org/0000-0003-1851-0431, Paisey, Nicholas and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2019) Speak up? Listen up? Whistleblow? A Survey of ICAS Members. Project Report. ICAS, Edinburgh.

2018

Mazzi, Francesco, Slack, Richard and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2018) The effect of corruption and culture on mandatory disclosure compliance levels: goodwill reporting in Europe. Journal of International Accounting, Auditing and Taxation, 31, pp. 52-73. (doi: 10.1016/j.intaccaudtax.2018.06.001)

Slack, Richard and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2018) Integrated reporting decision usefulness: mainstream equity market views. Accounting Forum, 42(2), pp. 184-198. (doi: 10.1016/j.accfor.2018.01.005)

André, Paul, Dionysiou, Dionysia and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2018) Mandated disclosures under IAS 36 impairment of assets and IAS 38 intangible assets: value relevance and impact on analysts’ forecasts. Applied Economics, 50(7), pp. 707-725. (doi: 10.1080/00036846.2017.1340570)

2017

Mazzi, Francesco, André, Paul, Dionysiou, Dionysia and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2017) Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital. Accounting and Business Research, 47(3), pp. 268-312. (doi: 10.1080/00014788.2016.1254593)

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2017) The role and current status of IFRS in the completion of national rules: Evidence from Greece. Accounting in Europe, 14(1-2), pp. 102-112. (doi: 10.1080/17449480.2017.1298140)

2016

Gavriilidis, Konstantinos, Kallinterakis, Vasileios and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2016) Investor mood, herding and the Ramadan effect. Journal of Economic Behavior and Organization, 132(Suppl.), pp. 23-38. (doi: 10.1016/j.jebo.2015.09.018)

Constantatos, Anna-Fani, Dionysiou, Dionysia and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2016) A synthesis and analysis of models measuring accrual based and real activities earnings management. In: Yates, Kathleen (ed.) Earnings Management: Global Perspectives, Performance and Future Research. Series: Management science: theory and applications. Nova Science Publishers. ISBN 9781634855112

Mazzi, Francesco, Liberatore, Giovanni and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2016) Insights on CFOs’ perceptions about impairment testing under IAS 36. Accounting in Europe, 13(3), pp. 353-379. (doi: 10.1080/17449480.2016.1244341)

2015

Abdullah, Mazni, Evans, Lisa, Fraser, Ian and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2015) IFRS Mandatory disclosures in Malaysia: the influence of family control and the value (ir)relevance of compliance levels. Accounting Forum, 39(4), pp. 328-348. (doi: 10.1016/j.accfor.2015.05.003)

Elzahar, Hany, Hussainey, Khaled, Mazzi, Francesco and Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2015) Economic consequences of key performance indicators’ disclosure quality. International Review of Financial Analysis, 39, pp. 96-112. (doi: 10.1016/j.irfa.2015.03.005)

2014

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156, André, Paul and Dionysiou, Dionysia (2014) Worldwide Application of IFRS 3, IAS 36 and IAS 38, Related Disclosures, and Determinants of Non-Compliance. Project Report. Association of Certified Chartered Accountants, London.

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Dionysiou, Dionysia (2014) Value relevance of IFRS mandatory disclosure requirements. Journal of Applied Accounting Research, 15(1), pp. 22-42. (doi: 10.1108/JAAR-03-2013-0021)

2012

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156, André, Paul and Evans, Lisa (2012) The transition to IFRS and the value relevance of financial statements in Greece. British Accounting Review, 44(4), pp. 262-277. (doi: 10.1016/j.bar.2012.09.004)

2011

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 (2011) Transition to IFRS and compliance with mandatory disclosure requirements: what is the signal? Advances in Accounting, 27(2), pp. 390-405. (doi: 10.1016/j.adiac.2011.08.006)

Tsoligkas, F. and Tsalavoutas, I. ORCID: https://orcid.org/0000-0002-4043-3156 (2011) Value relevance of R&D in the UK after IFRS mandatory implementation. Applied Financial Economics, 21(13), pp. 957-967. (doi: 10.1080/09603107.2011.556588)

2010

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Evans, Lisa (2010) Transition to IFRS in Greece: financial statement effects and auditor size. Managerial Auditing Journal, 25(8), pp. 814-842. (doi: 10.1108/02686901011069560)

Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156, Evans, Lisa and Smith, Mike (2010) Comparison of two methods for measuring compliance with IFRS mandatory disclosure requirements. Journal of Applied Accounting Research, 11(3), pp. 213-228. (doi: 10.1108/09675421011088143)

This list was generated on Fri Jan 30 22:20:30 2026 GMT.

Jump to: Articles | Books | Book Sections | Edited Books | Research Reports or Papers

Number of items: 50.

Articles

Books

Book Sections

Edited Books

Research Reports or Papers

Baboukardos, Diogenis, Dionysiou, Dionysia, Slack, Richard, Tsalavoutas, Ioannis ORCID: https://orcid.org/0000-0002-4043-3156 and Tsoligkas, Fanis (2021) Climate Change Risk-related Disclosures in Extractive Industries: A Comparative Study. Project Report. ACCA and Adam Smith Business School. (doi: 10.36399/gla.pubs.258686).

This list was generated on Fri Jan 30 22:20:30 2026 GMT.

Grants

ACCA, June, 2024 (lead applicant; with D.Baboukardos, D.Dionysiou, R.Slack and F.Tsoligkas): £12,240
ACCA, May, 2024 (lead applicant; with D.Baboukardos, S.Evangelos, and F.Tsoligkas): £6,000
University of Economics Katowice (Poland), March, 2024 (sole applicant): £12,200
University of Economics Katowice (Poland), May 2023 (sole applicant): £12,194
ACCA, October, 2022 (lead applicant; with D.Dionysiou, R.Slack and F.Tsoligkas): £10,080
ACCA, June, 2022 (lead applicant; with D.Baboukardos, E.Seretis, R.Slack and F.Tsoligkas): £7,740
ICAS, May, 2022 (lead applicant; with D.Baboukardos and E.Seretis): £7,000
ACCA, November, 2020 (lead applicant; with D.Dionysiou, R.Slack and F.Tsoligkas): £7,200
ACCA, July, 2020 (lead applicant; with A.Constantatos, D.Baboukardos, D.Dionysiou, R.Slack and F.Tsoligkas): £9,600
ICAS, December, 2019 (with M.Aleksanyan, S.Abhayawansa, and K.Lee): £17,200
ACCA, February, 2017 (lead applicant; with F.Mazzi, R.Slack and F.Tsoligkas): £19,700
ICAS, December 2016 (with C.Paisey and N.Paisey): £16,891
Carnegie Trust for the Universities of Scotland, November 2011 (sole applicant): £2,200
ACCA, May 2011 (lead applicant; with P.André and D.Dionysiou): £15,970
ICAS, May 2011 (lead applicant; with P.André and D.Dionysiou): £1,980
Carnegie Trust for the Universities of Scotland, July 2010 (sole applicant): £2,120
The Royal Society of Edinburgh, March 2010 (sole applicant): £2,130
ICAS, January 2010 (lead applicant; with D.Dionysiou): £750
Carnegie Trust for the Universities of Scotland, November 2009 (sole applicant): £950
ICAS, May 2006 (with L.Evans): £750

Supervision

Yannis would be interested in supervising doctoral students who would be willing to work in the following broad areas of research:

value relevance of accounting information;
determinants and consequences of mandatory disclosure requirements;
enforcement of international accounting regulation;
corporate governance;
the effects of professional and social networks on investment decision making.

Current doctoral supervision

Farhod, Ahmed
The Impact of Financial Reporting Quality on Risk Composition, Stock Returns and Trading Volume
Gong, Xiaohan
IPO spillover effect on borrowing cost
Rehm, Eva Sophia
Analysis of the Standard-Setting Due Processes of the EFRAG and ISSB as part of the Harmonisation and Standardisation of Sustainability Reporting

PhD completions (post PhD employer)

Khadija Almaghrabi (King Abdul-Aziz University)
Zaneta Azuma (Coventry University)
Anna-Fani Constantatos (Deree College/American College of Greece)
Mohamed Esmail Elmaghrabi (Damietta University)
Hany Mohamed Aziz Elzahar (Arab Open University)
Douglas Gunn (Barclays)
Sotirios Kokkinos (Bayes Business School)
Yaohua Li
Evangelos Seretis (University of Glasgow)
Angelos Synapis (Coventry University)

Teaching

Yannis is currently teaching Financial Accounting I and Advanced Financial Accounting at undergraduate level.

Past teaching experience

Postgraduate level

Financial Reporting
Topics in International Accounting
International Financial Accounting for Multi-National Companies
Accounting and Finance
Financial Analysis
Accounting and Finance for MBA programmes.

Undergraduate level

Financial Reporting and Financial and Management Accounting.

Additional information

Past Editorships

Accounting Editor for Journal of International Financial Management & Accounting (Jan 2022 - Dec 2023)
Section Editor for Accounting and Finance for European Management Journal (June 2017 – Feb 2024)

Editorial Board Memberships

Accounting in Europe (since Jan 2014)
Journal of International Accounting, Auditing and Taxation (Apr 2020 - Jan 2021)
The British Accounting Review (since Feb 2021)

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