Alexandros Garefalakis

Alexandros Garefalakis
Hellenic Mediterranean University · Department of Business Administration (Heraklion)

Sustainability & ESG Expert

About

122
Publications
58,631
Reads
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401
Citations
Citations since 2017
84 Research Items
344 Citations
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2017201820192020202120222023020406080
2017201820192020202120222023020406080
Introduction
Alexandros Garefalakis is CICA, Fellow of CPA, CMA, CCS and Business Consultant in numerous of companies, organizations and European programs from 2006. Also, he is an Assistant Professor at the Dept. of Business Administration and Tourism at Hellenic Mediterranean University in Greece. He has co-authored 7 books on Accounting and he has more than 90 publications in peer reviewed journals and participation in more than 30 international Conferences.
Additional affiliations
July 2019 - present
Hellenic Mediterranean University (HMU)
Position
  • Professor (Assistant)
October 2008 - June 2019
Hellenic Mediterranean University
Position
  • Research Assistant
November 2004 - January 2007
Technological Educational Institute of Western Macedonia
Position
  • Senior Researcher
Education
January 2015 - January 2018
THE ASSOCIATION OF CERTICIED PUBLIC ACCOUNTANTS (Int.l)
Field of study
January 2015 - January 2018
THE ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS (Int,l)
Field of study
October 2011 - January 2018
Hellenic Open University
Field of study
  • Accounting

Publications

Publications (122)
Article
Full-text available
Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study's objective is twofold: (i) to investigate the role of corporate social responsibility (CSR) in reducing volatility through the contribution of energy-efficient strategies; (ii) to identify resea...
Article
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Organizations may examine both past and present data with the aid of information management , giving them access to all the knowledge they need to make sound strategic choices. For the majority of contemporary enterprises, using data to make relevant, valid, and timely choices has become a must for success. The volume and format of data have change...
Article
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Research on shrinking cities shows continuous links between this phenomenon and urban decline, which has been analyzed in many works, especially in Greece. The impact on urban development can be positive, while population growth over time is characterized by the degree of its convergence. The aim of this study is to gain a deeper understanding of t...
Article
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In recent decades, experts from all around the world have been increasingly interested in illegal conduct and corruption in financial organizations. Utilizing the illegal and corruption hypothesis, we investigate the core traits and trends of this phenomenon in European financial institutions. We also examined how specific aspects are incorporated...
Article
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Nowadays, strategic management is a major concern as it helps not only firms but also public organizations and entities to gain and sustain competitive advantage. An essential part of strategic management is the implementation of marketing mix that is centered on four core components,namely product, price, place and promotion. The research focus is...
Article
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The financial sector is characterized by complexity due to the management of a large volume of transactions, which can lead to the difficulty of considering, identifying, and monitoring them. The lack of mechanisms in monitoring and control transactions can contribute to the development of illegal practices within a company, such as fraud, corrupti...
Article
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The economic crisis in Greece has provoked a number of financial problems in Greek firms in all sectors. High tax rates, low payments and in sequence low demand for goods and services are a few of the problems confronted by firms and consumers. Within the framework of the Memorandum, a number of different corporate efforts have become a cornerstone...
Conference Paper
Full-text available
Έχοντας συμπληρώσει σχεδόν τρία έτη υγειονομικής κρίσης, η πανδημία COVID-19 έχει επιφέρει σημαντικές επιπτώσεις στην σύγχρονη πραγματικότητα και έχει συμβάλλει στη δημιουργία της βαθύτερης ύφεση που αντιμετώπισαν ποτέ οι αναπτυγμένες οικονομίες σε καιρό ειρήνης. Επίσης, η υγειονομική κρίση συντέλεσε σε σημαντικό βαθμό στην αύξηση των ανισοτήτων. Ο...
Article
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Governments’ coronavirus disease (COVID-19) measures have forced the community to stay at home. During this period, youths have had time to think about their career paths. For some, a conventional eight-hour job in a private company is undesirable; meanwhile, entrepreneurship can mitigate the adverse effects of the crisis, such as unemployment. Acc...
Article
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Environmental, Social, and Governance (ESG) criteria are novel and exciting tools of corporate disclosure for decision making. Using quantitative and qualitative analyses, the present study examined the key characteristics and trends of ESG controversies in the European market. At the sametime, itidentifiedthecontroversies’ determinants. Abibliomet...
Article
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Purpose Within an effort of European Union (EU) policy to achieve carbon-neutral agriculture, the present study intends to explore the impact of carbon emissions generated by different sources related to agriculture namely energy used in farming, by enteric fermentation and by fertilizers on agricultural income in 25 countries from EU. Design/meth...
Chapter
Behavioral Finance has already become the new theoretical financial paradigm. Based on other disciplines, such as psychology, sociology, and philosophy, it comes to fill in the gaps of the Efficient Market theory by studying and interpreting the behavior of people who are involved in the stock market, and, thus, discover the reasons for wrong inves...
Article
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Code of ethics is a substantially important tool of strategic management ensuring sound accounting and non-accounting corporate governance. It exists as a written text articulating a bundle of rules, principles and standards developed to curb unethical decisions. The effective use of a value-based code of ethics safeguards integrity and transparenc...
Article
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Within the last few decades, the issue of the environmental performance of European f inancial institutions has become a significant feature of their strategic plans. Financial institutions can contribute through their own activities and investments, and also through their relationship with economic sectors and consumers, in decreasing environmenta...
Article
Full-text available
The unprecedented conditions of restrictive measures that were suddenly imposed in 2020 due to the outbreak of the COVID-19 pandemic affected business activity globally. To deal with the consequences that were caused by the pandemic, most SMEs had to adopt strategies which will enhance their development and footprint in the business arena. This stu...
Article
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The efficient and sustainable exploitation of energy resources may secure a sustainable economic growth for different regions. However, the peripheries are subject to social, economic, and political constraints, with limited power over energy management. The present work examines regional convergence in exploitation efficiency as synopsized in the...
Article
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The farmers’ welfare and its interlinkages to energy efficiency and farm sustainability has attracted global scientific interest within the last few decades. This study examines the contribution of Agriculture 5.0 to the prosperity of the farmers in the post-pandemic era and the gradual transition to an energy-smart farm. To obtain an insight into...
Article
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This study aims to take into account regional gross value added, to assess the performance of this macroeconomic component for all thirteen Regions of Greece. We apply two different methods for the period between 2010 and 2016, (1) the PROMETHEE II Multi-criteria method and (2) Shift and Share Analysis (SHA). In a nutshell, in nine out of thirteen...
Article
Full-text available
The study aims to determine the impact of Cooperative Learning using Blackboard Learn (previously known as the Blackboard Learning Management System (LMS)) on the quality of accounting education following the International Education Standards (IESs) and the Saudi Arabian Education Evaluation Commission (EEC) standards. The study adopts an experimen...
Book
Full-text available
H Εταιρική Διακυβέρνηση, η Διαχείριση Κινδύνων και ο Εσωτερικός Έλεγχος είναι τρία αντικείμενα που έχουν μελετηθεί και παρουσιαστεί εκτενώς στη διεθνή βιβλιογραφία. Έχοντας την εμπειρία της διδασκαλίας σχετικών πανεπιστημιακών μαθημάτων σε ελληνικά και ξένα πανεπιστήμια, διαπιστώσαμε το μεγάλο κενό που είχαν οι φοιτητές μας στην εύρεση ενός βιβλίου...
Article
Full-text available
The main object of this research focuses on the empirical study of the causal relation among the degree of openness of the economy, the financial and economic growth using a multi-variate autoregressive model VAR. The long-term relation among GDP, the financial development and the degree of openness of the economy are based on the Cointegration tes...
Article
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This paper investigates the effect of the audit committee’s independence and financial expertise on financial reporting quality. In particular, we investigate the relationship between the audit committee’s independence and financial expertise and accrual earnings management. Using a sample of Chinese public firms over the period of 2010 to 2017, th...
Article
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The present study exports a regression equation which describes the variation of conductivity in blends of Diesel fuel with Biodiesel. Using specific volume of these blends, we determine conductivity, in order to study the contribution of each kind of Biodiesel and we convert the statistical data into mathematic relations as a specific formula, att...
Conference Paper
At the current critical economic juncture, economic growth in Greece following the policy of severe austerity imposed on Greece by the Tripartite Support Mechanism (European Union-EU, European Central Bank-ECB, and International Monetary Fund-IMF) has led to unpredictable and unprecedented social and macroeconomic consequences. There is no doubt th...
Article
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Purpose Fraud omnipresent in the media, the corporate world and the academic literature has attracted a great deal of research interest. Fraud and its various types and forms have been characterized as significant contributing factors to the development of severe financial crises. Recurrent financial crimes in both the private and the public sector...
Article
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The economic crisis in the EU had severe impacts not only on the performance of the domestic economy but also on the living standard for the citizens. The extended spread of this crisis resulted in limitation in the disposable income and significant negative changes have taken place with negative consequences for the corporate economic performance...
Article
Full-text available
Purpose In recent years, Public Accountability and Integrity have been matters of growing attention, both in the public and private sector, as citizens demand value for money entrusted to the governments through their taxes. In addition, in many countries, after the recent recession, government budgets and corporate returns have been reduced. Many...
Article
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Purpose: The leaders' communication skills, as they emerge in negotiations, contribute decisively to sustainability of business. This study identifies a set of characteristics, abilities, and skills that leaders possess and which, depending on the type of leadership, the character of their subordinates, and the achievement of goals at the workplace...
Article
Full-text available
This study empirically investigates the relationship between independent directors’ cash compensation and the likelihood of corporate fraud. Using data of 2542 Chinese firms and 17239 firm years from 2010 to 2017, the findings of logistic regression, firm-fixed effects, instrumental variable specification, and propensity score matching models show...
Article
Full-text available
This study empirically investigates the relationship between independent directors’ cash compensation and the likelihood of corporate fraud. Using data of 2542 Chinese firms and 17239 firm years from 2010 to 2017, the findings of logistic regression, firm-fixed effects, instrumental variable specification, and propensity score matching models show...
Article
Full-text available
This paper investigates the relationship between the audit committee’s cash compensation and accrual earnings management. Using a sample of Chinese listed firms over the period 2007 to 2017, findings show a positive association between cash compensation of the audit committee and accrual earnings management. It suggests that high cash compensation...
Chapter
Full-text available
The purpose of this article is to study key factors affecting export activity in the Greek manufacturing small and medium enterprises (SMEs). Under this condition the authors focus on four consecutive sectors of Greek economic activity, i.e.: food and beverage (F&B), clothing, machinery, and wood and furniture sectors. The important characteristics...
Article
Purpose: The leaders' communication skills, as they emerge in negotiations, contribute decisively to sustainability of business. This study identifies a set of characteristics, abilities, and skills that leaders possess and which, depending on the type of leadership, the character of their subordinates, and the achievement of goals at the workplace...
Article
Full-text available
This study empirically investigates the relationship between independent directors’ cash compensation and the likelihood of corporate fraud. Using data of 2542 Chinese firms and 17239 firm years from 2010 to 2017, the findings of logistic regression, firm-fixed effects, instrumental variable specification, and propensity score matching models show...
Book
Ο κύριος σκοπός του συγγράμματος, αφενός, από τη σκοπιά της εκπαίδευσης, είναι να χρησιμοποιηθεί από τους αναγνώστες του ως εργαλείο, παρέχοντας τους τα κατάλληλα εφόδια για την νέα εποχή στον κλάδο της Λογιστικής προσπαθώντας να μην μείνει μόνο στο, σύνηθες, θεωρητικό λογιστικό πλαίσιο αλλά να παρουσιάσει το κάθε κεφάλαιο στην πράξη και αφετέρου,...
Article
Full-text available
This paper investigates the effect of the audit committee's independence and financial expertise on financial reporting quality. In particular, we investigate the relationship between the audit committee's independence and financial expertise and accrual earnings management. Using a sample of Chinese public firms over the period of 2010 to 2017, th...
Conference Paper
On the one hand, accounting and on the other hand artificial intelligence share a common goal: to create a forecasting model for a variable of interest, using explanatory variables (or characteristics) mainly for the recognition of accounting fraud through balance sheets in the form of photography or pdf forms. Accounting plans to create probabilis...
Article
Full-text available
Purpose The purpose of this paper is to provide to the Board of Directors and CEOs of a firm to be aware of and accountable for the information they provide to the public. As long as the quality of the companies’ public information is high, it will be able to retain its investors as well as to obtain new ones more easily. Design/methodology/approa...
Article
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The ever-changing business environment, coupled with increased competition and rapid technological advances, exert pressure on businesses looking for modern ways of production and operation, based on their survival and success in profitability. In order to strengthen their market position and ultimately to gain competitive advantage over others, a...
Article
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Management Commentary Index (Ma.Co.I) is a composite measuring index developed for the detailed evaluation of narrative disclosure quality, as this has been delineated by the Financial Accounting Standards Board—FASB and the International Accounting Standards Board—IASB in 2010 in the “An Improved Conceptual Framework for Financial Reporting” publi...
Article
Full-text available
Research on the quality of narrative information of annual financial reports has long been dominated by a lack of tools that permit an objective analysis of qualitative disclosure. This study is focused on accounting disclosure research and proposes a comprehensive index that uses Key Performance Indicators to enhance understanding of the quality o...
Article
Full-text available
Effective and thorough credit-risk management is a key factor for lending institutions, as significant financial losses can arise from the borrowers’ default. Consequently, machine learning methods can measure and analyze credit risk objectively when at the same time they face increasingly attention. This study analyzes default payment data from a...
Article
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In this paper, we study the contribution of the geographical (both the regional and international) aspect of news releases, related to the Greek sovereign debt crisis. We investigate the impact of the Greek debt crisis via economic news and surprises on Euro exchange rate volatility and volatility-jumps within a Tobit regression framework. In parti...
Article
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The research for the investigation of the quality of the Corporate Annual Reports (CAR) and particularly the part of the narrative information contained in it has long been underestimated , mainly due to the lack of tools that allow an objective measurement and analysis of the narrative disclosed information of each company. The concept of narrativ...
Book
Full-text available
The prediction of the valuation of the “quality” of firm accounting disclosure is an emerging economic problem that has not been adequately analyzed in the relevant economic literature. While there are a plethora of machine learning methods and algorithms that have been implemented in recent years in the field of economics that aim at creating pred...
Book
Full-text available
To συγκεκριμένο βιβλίο έρχεται να καλύψει το σχετικό κενό που υπάρχει στην Ελληνική Βιβλιογραφία με στόχο να βοηθήσει τόσο Ερευνητές, όσο και Φοιτητές στην παραγωγή γνώσης μέσω της Έρευνας.
Book
Full-text available
Το παρόν βιβλίο αποτελεί εργασιακή, ακαδημαϊκή και επιστημονική εμπειρία πολλών ετών και κάθε κεφάλαιο επιμελήθηκε, από τους συγγραφείς, με σκοπό ο αναγνώστης να έχει στα χέρια του ένα πρακτικό και σύγχρονο εγχειρίδιο παρέχοντας του μία ολοκληρωμένη εικόνα όσον αφορά τα Ελληνικά Λογιστικά Πρότυπα και τα Διεθνή Πρότυπα Χρηματοοικονομικής Αναφοράς....
Article
Full-text available
This paper examines banking efficiency using recent data from PIGS countries (i.e., Portugal, Italy, Greece and Spain), which suffer from debt problems. We employ a two-stage approach based on the effect of several items of balance sheets on cash flows and data envelopment analysis (DEA). More specifically, we extend previous studies by giving atte...
Article
Full-text available
Purpose – The aim of this study is to enrich the existing literature through the results of the research and to provide further information to policy-makers on the part of businesses and the state. This paper focuses on the role of determinants of the viability of Greek SMEs in a period of economic crisis, contributing to existing literature. We ex...
Chapter
This chapter presents the evolution of academic research in Ethical Investments (EI) research between 1990 and 2019. The chapter analyzes the most influential journals in EI research by searching for papers, which were published on the Scopus database. Results show a steadily increasing rate of EI research during the past 30 years. The chapter repo...
Article
Abstract: This paper examines banking efficiency using recent data from PIGS countries (i.e., Portugal, Italy, Greece and Spain), which suffer from debt problems. We employ a two-stage approach based on the effect of several items of balance sheets on cash flows and data envelopment analysis (DEA). More specifically, we extend previous studies by g...
Article
Full-text available
The aim of Business Continuity Management (BCM) is to manage risks that impact on the normal operation of an organization maintaining enterprise and operational continuity. Contemporary business environment is so erratic and versatile that companies should continuously cater for practices to eliminate the impact of risks on financial losses, reputa...
Article
Full-text available
The financial system consists, without doubt, one of the most important determinants of the world national economies, which undergoes numerous changes and challenges with major impact on the economic growth prospects of a country. A healthy financial system is the steam engine of the economy, a major source for economic growth through which capital...
Book
Full-text available
Βασικός στόχος για την συγγραφή αυτού του βιβλίου ήταν να καλυφτεί το κενό που υπήρχε σε προηγούμενα λογιστικά συγγράμματα, για την σημαντικότητα της αφηγηματικής/επεξηγηματικής πληροφόρησης στις Οικονομικές καταστάσεις των επιχειρήσεων και πως αυτή επιδρά στην Χρηματοοικονομική λογιστική. Παρά το γεγονός ότι, η γνώση των Οικονομικών καταστάσεων απ...
Article
Full-text available
The purpose of this article is to study key factors affecting export activity in the Greek manufacturing small and medium enterprises (SMEs). Under this condition the authors focus on four consecutive sectors of Greek economic activity, i.e.: food and beverage (F&B), clothing, machinery, and wood and furniture sectors. The important characteristics...
Book
Full-text available
Το παρόν βιβλίο αποτελεί ένα σύγχρονο σύγγραμμα σε ένα πεδίο που διαρκώς εξελίσσεται κατέχοντας ταυτόχρονα μια κεντρική θέση στην αναπτυσσόμενη Παγκόσμια οικονομία. Το βιβλίο χωρίζεται σε έξι μέρη όπου: Στο πρώτο μέρος, αναλύεται η κατηγοριοποίηση των οντοτήτων με βάσει τα Ελληνικά Λογιστικά Πρότυπα, το θεσμικό πλαίσιο των διάφορων νομικών μορφών...
Article
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Tourism industry exploits the local fragile resources of a destination including biodiversity, archaeological and cultural areas with tourists expressing a propensity to visit places with high environmental quality and intensely local culture elements. Thus, traditional tourism management practices that are associated with the environmental degrada...
Article
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The purpose of the study is to examine the relationship that exists between tourism, money supply and construction, on the one hand, and the economic growth in Greece, using a multivariate autoregressive model VAR. The long-term relation based on the Cointegration test results has shown the existence of a long run relation despite the prolonged eco...