Ilias A. Makris

• PhD in Financial Economics
• Professor at University of Peloponnese

Land mobility, particularly in the agricultural sector, is a critical factor for rural development and the maintenance of the supply chain. In the EU, the dominant form of agricultural land mobility is succession. This study examines the impact of formal and informal institutional factors on land mobility and the development of the agricultural sec...

Citation: Makris, I.; Apostolopoulos, S.; Giannopoulos, V.; Dimitrakopoulos, P.; Charalampakis, P. The Impact of Formal and Informal Institutional Elements on Land Mobility Within Rural Greece. Sustainability 2025, 17, 4412. https:// Abstract: Land mobility, particularly in the agricultural sector, is a critical factor for rural development and the...

Citation: Makris, I.; Apostolopoulos, S.; Giannopoulos, V.; Dimitrakopoulos, P.; Charalampakis, P. The Impact of Formal and Informal Institutional Elements on Land Mobility Within Rural Greece. Sustainability 2025, 17, 4412. https:// Abstract: Land mobility, particularly in the agricultural sector, is a critical factor for rural development and the...

This chapter explores the potential contributing role of simulation tools to finance school students' performance within Greek higher education. By applying a qualitative research method, this study examines the perspectives and experiences of 12 professors on the introduction of simulation tools into the respective learning processes. Findings ind...

The purpose of this chapter is to discuss the characteristics of rural Greek entrepreneurships, in terms of environmental, economic and social resources and the developmental approaches they employ in times of energy crisis. Highlighting their real-life experience on developmental sustainability and recognising the approaches they employed in order...

Safety has a direct impact on the economic policy of an organization, especially when it concerns critical sectors such as military, commercial, and general aviation. It is apparent that such organizations prioritize aviation safety with great attention since even a single accident can cost not only human lives but also the financial survival of th...

This research assesses the correlation between franchisors and franchisees regarding key interaction dimensions. The authors use data from the company Coffee Island, a franchise chain that operates in nine countries. Through structured workshops, they focus on validating five franchisor-franchisee interaction dimensions. Participants were asked to...

This study examines the potential of EU policies supporting the digital transition in formulating new entrepreneurial actions for the development of women's entrepreneurship in the Greek countryside. Moreover, the present research investigates the diffusion of European policies for digital transformation towards female rural entrepreneurship as wel...

In many areas of rural Greece there exist remnants of traditional stereotypes that were socially constructed in closed societies where the institution of the patriarchal family previously reigned and are regenerated by the dominant culture. These stereotypes have shaped over time the perception that long-term care for older adults should be provide...

Purpose This study aims to examine the potential adaptability and resilience of rural micro-businesses within a business environment affected by successive crises, specifically drawing conclusions on crisis management, while simultaneously highlighting enterprises’ capabilities in managing the current energy crisis, basis the experiences and best p...

This research examines the effectiveness of local government policies regarding the circular economy in two directions: in shaping an ecological culture for households and enterprises and in creating a favourable environment for incentives. It also identifies inefficiencies, failures and good practices. A qualitative research was carried out via se...

Timetables for energy transition vary across EU Member States. The planning for dealing with the consequences of the transition in affected regions also varies. Under the pressure of the ten-year economic crisis, Greece is one of the few countries that has committed to stop using lignite in electricity generation, achieving 80% by 2023 and definiti...

This work applies popular machine-learning tree-based methods attempting to identify factors that affect company performance at the aftermath of an economic crisis. The methods are used to aid the revelation of information that may be linked to company performance and the effects of economic distress to publicly listed companies. Economic data and...

The present study examined how the agri-food enterprises in Greece affect the socio-economic life of rural areas and contribute to ensuring food security. It sought the extent of their contribution to the revitalization of the local community and residents’ quality of life. Furthermore, it focused on the policy measures needed to ensure that their...

Single Pilot Operations (SPO) have drawn significant attention during the last years, as a result of the increased dual flight crew expenses, and as a remedy to the impending pilot shortage which is estimated to manifest itself in the following years. The main objective of this study was to explore the factors that influence the Greek passengers’ a...

The effects of climate change, in combination with the recent energy crisis, have brought the energy efficiency issues of hospitals markedly to the fore. Hospitals are considered among the most energy-intensive buildings, which is why they have become a top priority for governments wishing to upgrade their energy efficiency. Given the critical natu...

The airline industry is moving towards Single Pilot Operations (SPO), as a result of the increased training and salary cost of pilots, and also as a remedy to the impending pilot shortage which is estimated to manifest itself in the years to follow. The main objective of this study was to explore whether the Greek public is willing to accept only o...

In this paper, we analyzed data from publicly listed firms from selected countries of the eurozone between 2008 and 2016, a period of high volatility in the global economy and high uncertainty in financial markets. Economic indicators, such as sales volume, debt accumulation, internationalization, and innovative activity, were combined with firm si...

This primary research aims to examine to what extent Greek health entrepreneurs, as they looking for options to grow their businesses, have realized the opportunities offered to them by the new technologies. Furthermore, to which level they have implemented innovative practices, based on the potential of digitalisation, to improve the operation of...

In the field of healthcare innovation, Greece ranks 26th in FREOPP’s World Index of Healthcare Innovation (WIHI) 2021 analysis. Such a standing illustrates low performance in the dimensions of quality, science and technology and fiscal sustainability. This article seeks to shed light on this backwardness and examine the obstacles and weaknesses in...

Climate change is a global problem and the reduction of the greenhouse effect is of great importance for national policies worldwide with the aim of constraining CO2 emissions. Several joint projects have been launched aiming to reduce deviations in the methodological evaluation of energy efficiency. Energy efficiency is considered to be a crucial...

Purpose This paper aims to examine whether private healthcare entrepreneurship can flourish and overcome obstacles in cases of a free-access public health system and periods of strict public policies, such as the COVID-19 pandemic. Moreover, the paper aims to illuminate the wider social role of private healthcare entrepreneurship during the COVID-1...

In this article, we try to study the efficiency of energy indicators using the method of the analysis of the efficiency formula in 27 countries of EU with data drawn from Eurostat for the years from 1995 to 2014. Then, using the correlation of these data with the GDP of each country, we try to determine the energy policy of Greece as well as in eac...

In this article, we try to study the e!ciency of energy indicators using the method of the analysis of the e!ciency formula in 27 countries of EU with data drawn from Eurostat for the years from 1995 to 2014. Then, using the correlation of these data with the GDP of each country, we try to determine the energy policy of Greece as well as in each of...

The public policies implemented in order to contain the spread of COVID-19 in the community have created issues both in the internal and the external environments of the Greek rural healthcare enterprises. This study aimed to investigate the full extent of the issues (internal and external) caused by the public policies. Regarding the external fact...

The main lever for the development and promotion of rural tourism in Greece has been, and continues to be, through specific EU programmes. Rural tourism in Greece began with a long delay compared to other European countries. The development philosophy was (and still is) to increase rural incomes as a complement to agricultural and livestock product...

Purpose The COVID-19 crisis has brought to the forefront the importance of rural health enterprises (RHEs), the peculiarity, in these terms, of rural areas, and the impact of rurality on health entrepreneurial activities. This paper aims to undertake a literature review regarding RHEs in the EU, identify research gaps and set future research direct...

Unemployment is probably the most dramatic outcome of the economic crises, and the loss of jobs is crucial for prosperity and social cohesion. Because of that a strong debate has been lately generated (mainly after 2007), concerning the appropriate policy measures in order to arrest that phenomenon. In this paper, we focus on selected Eurozone coun...

Macroeconomic performance is a crucial factor of economic growth in firm level, as the 2008 global financial crisis strongly highlighted. In this work, we attempt to associate country-specific economic indicators with firm financial performance, on selected Eurozone countries-members. Financial data from a large number of listed firms are collected...

Macroeconomic performance is a crucial factor of economic growth in firm level, as the 2008 global financial crisis strongly highlighted. In this work, we attempt to associate country-specific economic indicators with firm financial performance, on selected Eurozone countries-members. Financial data from a large number of listed firms are collected...

This work attempts to generate a discussion concerning the overall conception of Euro Area. More than a decade after the establishment of the common currency (euro), we examine some of the important indicators of the first country-members (Euro-12). We determine different groups of countries developing similar characteristics through the years and...

In this work, we attempt to analyze the contribution of innovative activities to firm performance and growth. We examine economic data from some of the economies that were heavily affected by current economic crisis: the countries of southern Europe (Portugal, Italy, Greece and Spain) and Ireland. Following literature, an appropriate econometric mo...

This work deals with the strongly debated issue of firm growth. A large dataset of Greek firms from various sectors is used, including economic and non-economic indices, to examine the role of several indicators and firm characteristics in economic performance. The period between 2002 and 2009 is covered, including both, years of economic boost (Ol...

In this paper, we attempt to identify firm characteristics that are associated with dynamic exporting activity. After discussing the methodological difficulties of measuring exports, an alterative approach in determining exporting dynamism is illustrated. Different classes of exporters are created and an appropriate econometric model relying on exp...

Many surveys analyse the volatility of stock market indexes, omitting the role of individual stocks in that phenomenon. In the present study, we focus on that part of the market, using financial and market data from listed firms in the Athens Stock Exchange (ASE) index in several crashes, during current economic crisis. Using econometric analysis,...

We examine the value-at-risk where the volatility and returns are modelled via a typical GARCH(1,1) model and the innovations process is the Pearson type-IV distribution. As case studies, we examine the NASDAQ and FTSE100 indices from 12-Dec-1984 to 21-Dec-2000. The model is fitted to the data via maximisation of the logarithm of the maximum likeli...

This work examines an artificial neural system (ANS) capable of dimensionality-reduction and its fitness to a business data analysis problem. While ANSs are often used in the later stages of explorative data analysis to place similar cases in clusters or to identify known patterns, the role of the ANS here is in the early pre-processing stage, to p...

The recent financial crisis of 2007–2009 has challenged the requirements of Basel II agreement on capital adequacy as well as, the appropriateness of value-at-risk (VaR) measurement for properly “back-tested†and “stress-tested†models. This paper reconsiders the use of VaR as a measure for potential risk of economic losses in financial mar...

The aim of the present paper is to locate and analyse the factors affecting firms’ economic behaviour in food products’ sector, by collecting data from a large number of firms and indicators. A special focus concerning exporting activity took place, trying to disclose the factors that spur exports, as they are considered to be a synonym of economic...

The aim of the present paper is to locate and analyse the factors affecting firms' economic behaviour in food products' sector, by collecting data from a large number of firms and indicators. A special focus concerning exporting activity took place, trying to disclose the factors that spur exports, as they are considered to be a synonym of economic...

We examine the high frequency dynamics of euro to Japanese yen foreign currency exchange rates for the period of January 2001 to January 2010, comprising approximately three million data entries. The probability density function is described competently by the Tsallis q-Gaussian statistics, approaching the Gaussian distribution as the time lag incr...

We examine the dynamic properties of the daily returns of the Athens Stock Exchange General Index. The probability density and cumulative distribution functions are studied using the generalized non-extensive statistics framework. The multifractal properties are investigated by application of wavelet transform modulus maxima and multifractal detren...

We examine possible closed form solutions for the cumulative distribution function for systems where the probability density function can be adequately described by the generalized non-extensive statistics framework. Application to financial time series as a possible Value at Risk technique indicates reasonable agreement with the data under conside...

The present paper examines the factors that result in firms' good performance with a focus on the pharmaceutical industry, which constitutes an important part of the economy. An econometric analysis revealed that the investment in intangible assets (mainly in innovative activity) contributes more to the gross sales and employment growth than the in...

In the present paper we try to shed light on the approach followed by commercial banks, when dealing with risky entrepreneurial project. We examine the criteria that affect their decision-making process, as regard to applications of New Technology-Based Firms, which embody high risk and uncertainty. Developing a differentiated process we manage to...