Demetris Christodoulou

Photo of Demetris Christodoulou

BEcon Piraeus; MSc(Fin) York(UK); PhD Athens
Senior Lecturer

Rm 337
H69 - Codrington Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 9036 7815
Fax +61 2 9351 6638
demetris.christodoulou@sydney.edu.au

Bio

Demetris has a multi-disciplinary background with training in economics, accounting, finance and statistical methods. Demetris’s research interests lie at the cross-roads of these areas with a focus on the application of quantitative research methods for addressing the methodological correctness of prominent financial and business research questions. Demetris is also interested in applying such methods towards developing commercially viable business solutions. Demetris’s work has been applied in equity investment valuation, financial economics, insurance underwriting, evaluation of innovation networks, and more.

Demetris is the Founding Director (2007) and current General Convenor of the cross-disciplinary research group MEAFA that showcases keynotes from renowned international experts on financial analysis. He is also the architect of the MEAFA Professional Development Workshops on Quant Analysis that are widely recognised by the research community as state-of-the-art, and has developed the MEAFA PhD scholarship program which he largely funds.

Demetris has provided quant research training to more than a thousand of executives, researchers and higher research degree students, and has served as consultant on data analysis to a number of government agencies and industry companies. He is also the author of www.graphworkflow.com that demonstrates a structured approach to visual data mining and the estimation of statistical graphical questions. Demetris is also on the organising and scientific committee for the annual Oceania Stata Users Group Meeting and maintains a close working relation with StataCorp LLC. Demetris currently works on joint projects with Zurich Insurance, IBM Research and Crosby Textor.

Selected publications

2019

Journal Article

Wijayana S, and Gray S (2019) Institutional Factors and Earnings Management in the Asia?Pacific: Is IFRS Adoption Making a Difference? Management International Review. [More Information]

2018

Journal Articles

Heizmann H, Fee A, and Gray S (2018) Intercultural Knowledge Sharing Between Expatriates and Host-country Nationals in Vietnam: A Practice-based Study of Communicative Relations and Power Dynamics Journal of International Management, 24 (1), 16-32. [More Information]

Nakao S, and Gray S (2018) The Impact of IFRS in Brazil: The Legacy of Mandatory Book-tax Conformity Australian Accounting Review, 28 (4), 482-495. [More Information]

Ozu C, Nakamura M, Nagata K, and Gray S (2018) Transitioning to IFRS in Japan: Corporate Perceptions of Costs and Benefits Australian Accounting Review, 28 (1), 4-13. [More Information]

Sharma N, Boyle B, Mitchell R, Malik A, Gray S, and O'Mahony B (2018) Leveraging the Common and Outsourcing the Distinct: Institutional Difference and Multinational Identities in Emerging Economies Social Identities, 24 (5), 564-581. [More Information]

Wijayana S, and Gray S (2018) Capital market consequences of cultural influences on earnings: The case of cross-listed firms in the U.S. stock market International Review of Financial Analysis, 57, 134-147. [More Information]

Conference Proceedings

Ch'ng S, and Gray S (2018) Relationship strategies for emerging markets: the case of Australian services SMEs venturing into Malaysia Australia and New Zealand International Business Academy (ANZIBA) Conference; Australia and New Zealand International Business Academy, Brisbane, Australia.

Ch'ng S, and Gray S (2018) Leveraging networks and relationships - the challenges of entering an emerging market 2018 Academy of International Business Conference; Academy of International Business, Minneapolis, USA.

2017

Journal Articles

Black E, Stainbank L, Elnathan D, Giner B, Gray S, Meljem S, de Rivera E, Noguchi A, Sellhorn T, and Wood D (2017) Usage of Journal Rankings: An International Perspective Journal of International Accounting Research, 16 (3), 1-15. [More Information]

Fee A, Heizmann H, and Gray S (2017) Towards a theory of effective cross-cultural capacity development: the experiences of Australian international NGO expatriates in Vietnam International Journal of Human Resource Management, 28 (14), 2036-2061. [More Information]

Kim Y, and Gray S (2017) Internationalization Strategy and the Home-Regionalization Hypothesis: The Case of Australian Multinational Enterprises Australian Journal of Management, 42 (4), 673-691. [More Information]

Book Chapter

Ram R, and Gray S (2017) Australia's Alternative to IFRS for Small to Medium Enterprises: Reduced Disclosure Requirements The Effect Study on the Implementation of IFRS; Chuo Keizai Holdings, Japan, 137-155.

2016

Report

Gray S, Li W, Alday S, and Welch C (2016) Australia's International Business Survey: 2016 Report; Export Council of Australia, Sydney, 9-278.

2015

Journal Articles

Fearnley N, and Gray S (2015) National Institutional Factors and IFRS Implementation in Europe: The Case of Investment Property Companies International Journal of Accounting and Information Management, 23 (3), 271-288. [More Information]

Gray S, Kang T, Lin Z, and Tang Q (2015) Earnings Management in Europe Post IFRS: Do Cultural Influences Persist? Management International Review, 55 (6), 827-856. [More Information]

Hellman N, Gray S, Morris R, and Haller A (2015) The Persistence of International Accounting Differences as Measured on Transition to IFRS Accounting and Business Research, 45 (2), 166-195. [More Information]

Book Chapter

Gray S, and Kang H (2015) Accounting Transparency and International Standard Setting The Oxford Handbook of Economic and Institutional Transparency; Oxford University Press, New York, United States, 456-476. [More Information]

Report

Gray S, Li W, Alday S, and Welch C (2015) Australia's International Business Survey: 2015 Report; Export Council of Australia, Sydney, 2-148.

2014

Journal Article

Morris R, Gray S, Pickering J, and Aisbitt S (2014) Preparers' Perceptions of the Costs and Benefits of IFRS: Evidence from Australia's Implementation Experience Accounting Horizons, 28 (1), 143-173. [More Information]

Book

Gray S, Coenenberg A, and Gordon P (2014) International Group Accounting (RLE Accounting): Issues in European Harmonization; Routledge, Abingdon, UK. [More Information]

Book Chapter

Kang H, and Gray S (2014) Corporate Financial Reporting in the BRIC Economies: A Comparative International Analysis of Segment Disclosure Practices International Finance Review vol 15: Emerging Market Firms in the Global Economy; Emerald Group Publishing, Bingley, United Kingdom, 233-254. [More Information]

Reports

Fee A, Gray S, Yang L, and Boguslavski P (2014) Factors Influencing the Effectiveness of International Volunteer Assignments: A 10-Year Analysis; Australian Volunteers International (AVI), Melbourne, 1-4.

Gray S, Rumyantseva M, Alday S, and Welch C (2014) Australia's International Business Survey: 2014 Report; Export Council of Australia, Sydney, 2-75.

2013

Journal Articles

Fee A, and Gray S (2013) Transformational Learning Experiences of International Development Volunteers in the Asia-Pacific: The Case of a Multinational NG?� Journal of World Business, 48 (2), 196-208. [More Information]

Fee A, Gray S, and Lu Q (2013) Developing cognitive complexity from the expatriate experience: Evidence from a longitudinal field study International Journal of Cross Cultural Management, 13 (3), 299-318. [More Information]

Gray S, Kang T, and Yoo Y (2013) National Culture and International Differences in the Cost of Equity Capital Management International Review, 53 (6), 899-916. [More Information]

Kang H, and Gray S (2013) Segment Reporting Practices in Australia: Has IFRS 8 Made a Difference? Australian Accounting Review, 23 (3), 232-243. [More Information]

Kang H, Leung S, Morris R, and Gray S (2013) Corporate Governance and Earnings Management: An Australian Perspective Corporate Ownership and Control, 10 (3), 95-112. [More Information]

Kumar V, Mudambi R, and Gray S (2013) Internationalization, Innovation and Institutions: The 3 I's Underpinning the Competitiveness of Emerging Market Firms Journal of International Management, 19 (3), 203-206. [More Information]

2012

Journal Article

Fee A, and Gray S (2012) The Expatriate-Creativity Hypothesis:� A Longitudinal Field Test Human Relations, 65 (12), 1515-1538. [More Information]

Book Chapter

Pattnaik C, and Gray S (2012) Differences in Corporate Transparency between MNC Subsidiaries and Domestic Corporations: Empirical Evidence from India International Finance Review: Transparency and Governance in a Global World; Emerald Group Publishing Limited, Bingley, United Kingdom, 173-196. [More Information]

2011

Journal Articles

Fee A, and Gray S (2011) Fast-tracking Expatriate Development: The Unique Learning Environments of International Volunteer Placements International Journal of Human Resource Management, 22 (3), 530-552. [More Information]

Gray S, Banerjee B, and Verma S (2011) Accounting change in India since independence: The influence of culture and the social environment with special reference to the regulation of cash flow statements Indian Accounting Review, 15 (2), 1-20.

Kang H, and Gray S (2011) Reply to the discussion of “Reporting intangible assets: Voluntary disclosure practices of top emerging market companies�? International Journal of Accounting, 46 (4), 428-430. [More Information]

Kang H, and Gray S (2011) The Content of Voluntary Intangible Asset Disclosures: Evidence from Emerging Market Companies Journal of International Accounting Research, 10 (1), 109-125. [More Information]

Kang H, and Gray S (2011) Reporting intangible assets: Voluntary disclosure practices of top emerging market companies International Journal of Accounting, 46 (4), 402-423. [More Information]

Morris R, Pham T, and Gray S (2011) The Value Relevance of Transparency and Corporate Governance in Malaysia Before and After the Asian Financial Crisis Abacus, 47 (2), 205-233. [More Information]

Conference Proceedings

Fee A, and Gray S (2011) Creativity and the Expatriate Experiences Australia and New Zealand International Business Academy Conference ANZIBA 2011; Australia and New Zealand International Business Academy, Australia.

Fee A, and Gray S (2011) Transformational learning experiences of international assignments: A field study 71st Academy of Managament (AOM) Annual Meeting, 2011 - West meets East: Enlightening, Balancing, and Transcending; Academy of Management, San Antonio, USA.

Gray S, and Fee A (2011) Developing global managers: Creativity gains from the expatriate experience 53rd Annual Meeting of the Academy of International Business, AIB 2011; Academy of International Business, United States of America.

Sharma N, and Gray S (2011) When can Sole Ventures work well in an Emerging Market? Australian Service MNEs in India Australia and New Zealand International Business Academy Conference ANZIBA 2011; Australia and New Zealand International Business Academy, Australia.

2010

Journal Article

Chau G, and Gray S (2010) Family ownership, board independence and voluntary disclosure: Evidence from Hong Kong Journal of International Accounting Auditing and Taxation, 19 (2), 93-109. [More Information]

Conference Proceeding

Sharma N, and Gray S (2010) Institutional Distance and Entry Mode Success in Emerging Markets: The Case of Australian Service MNEs in India Academy of International Business Southeast Asia Regional Conference 2010; Academy of International Business Southeast Asia, Hong Kong.

2009

Journal Articles

Gray S, Linthicum C, and Street D (2009) Have European and US GAAP measures of income and equity converged under IFRS? Evidence from European companies listed in the US Accounting and Business Research, 39 (5), 431-447. [More Information]

Kang H, and Gray S (2009) Corporate Voluntary Disclosure Practices: A Review of Content Analysis Research Indian Accounting Review, 13 (2), 19-38.

Kim Y, and Gray S (2009) An Assessment of Alternative Empirical Measures of Cultural Distance: Evidence from the Republic of Korea Asia Pacific Journal of Management, 26 (1), 55-74. [More Information]

Verma S, and Gray S (2009) The development of company law in India: The case of the Companies Act 1956 Critical Perspectives on Accounting, 20 (1), 110-135. [More Information]

Book

Dowling P, Liesch P, Gray S, and Hill C (2009) International Business: Asia-Pacific Edition; McGraw Hill, Australia.

Conference Proceeding

Fee A, Lu Q, and Gray S (2009) Change Your Mind? A Longitudinal Study of Expatriates' Cognitive Changes 23rd Australian and New Zealand Academy of Management Conference ANZAM 2009; Australia and New Zealand Academy of Management (ANZAM), Australia.

Book Chapter

Morris R, Pham T, and Gray S (2009) Transparency and corporate governance in Malaysia: before and after the Asian financial crisis Practices, Profession and Pedagogy in Accounting: Essays in Honour of Bill Birkett; Sydney University Press, Sydney, 102-137.

2008

Journal Article

Kim Y, and Gray S (2008) The Impact of Entry Mode Choice on Foreign Affiliate Performance: The Case of Foreign MNEs in South Korea Management International Review, 48 (2), 165-188. [More Information]

Conference Proceedings

Fee A, and Gray S (2008) 'To Harvard or to Honiara?' - Why an International Volunteer Placement Might Be a Good Alternative to an MBA 50th Annual Meeting of the Academy of International Business AIB 2008; Academy of International Business, United States.

Kang H, and Gray S (2008) Reporting Intangible Assets: voluntary disclosure practices of the top emerging market companies American Accounting Association Annual Meeting AAA 2008; American Accounting Association, USA.

Pickering J, Aisbitt S, Gray S, and Morris R (2008) The Costs and Benefits of IFRS from a Corporate Perspective: Evidence from the Implementation Experience in Australia 50th Annual Meeting of the Academy of International Business AIB 2008; Academy of International Business, United States.

Pickering J, Aisbitt S, Gray S, and Morris R (2008) Preparers' Perceptions of the Costs and Benefits of IFRS Adoption in Australia: "Regulation Gone Mad"? AIAA Guidance, Navigation, and Control Conference, 2016 (Held at the AIAA SciTech Forum 2016); American Institute of Aeronautics and Astronautics (AIAA), Red Hook, NY.

Pickering J, Aisbitt S, Gray S, and Morris R (2008) The Costs and Benefits of IFRS from a Corporate Perspective: Evidence from the Implementation Experience in Australia 31st Annual Congress of the European Accounting Association (EAA) 2008; European Accounting Association, Netherlands.

Pickering J, Aisbitt S, Gray S, and Morris R (2008) The Costs and Benefits of IFRS from a Corporate Perspective: Evidence from the Implementation Experience in Australia American Accounting Association Annual Meeting AAA 2008; American Accounting Association, USA.

Book Chapter

Holt J, Purcell W, Gray S, and Pedersen T (2008) Decision Factors Influencing MNEs' Regional Headquarters Location Selection Strategies Thought Leadership in Advancing International Business Research; Palgrave Macmillan, Houndsmill, Basingstoke, Hampshire UK, 104-133.

2007

Journal Articles

Brennan N, and Gray S (2007) The Impact of Materiality: Accounting's Best Kept Secret The ICFAI Journal of Accounting Research, 6 (1), 61-84.

Kang H, Cheng M, and Gray S (2007) Corporate Governance and Board Composition: diversity and independence of Australian boards Corporate Governance: An International Review, 15 (2), 194-207. [More Information]

Conference Proceedings

Fee A, and Gray S (2007) Fast-tracking Creative Capital through an International Assignment 21st Australian and New Zealand Academy of Management Conference ANZAM 2007; Australia and New Zealand Academy of Management (ANZAM), Australia.

Fee A, and Gray S (2007) The Contribution of the Host Culture to Expatriate Learning - How Can International Assignments Enhance Creativity? 49th Annual Meeting of the Academy of International Business AIB 2007; Academy of International Business, United States.

Fee A, and Gray S (2007) The Power of an International Assignment to Enhance Creativity Academy of Management 2007 Annual Meeting; Academy of Management, Philadelphia, USA.

Fee A, and Gray S (2007) International Volunteering- A 'Skills Factory' for Early-Career Managers? Australia and New Zealand International Business Academy Conference ANZIBA 2007; Australia and New Zealand International Business Academy, Australia.

Fee A, and Gray S (2007) Climb High, Sleep Low: The Unique Learning Environments Of International Volunteer Placements 21st Australian and New Zealand Academy of Management Conference ANZAM 2007; Australia and New Zealand Academy of Management (ANZAM), Australia.

Gray S, and Morris R (2007) Corporate Transparency Differences in the Asian Region: The Significance of Country Factors? 49th Annual Meeting of the Academy of International Business AIB 2007; Academy of International Business, United States.

Morris R, and Gray S (2007) Determinants of corporate financial transparency in Asian countries: The impact of country-level factors 30th Annual Congress of the European Accounting Association (2007); European Accounting Association, online.

Morris R, and Gray S (2007) Corporate Transparency Differences in the Asian Region: the Feasibility of Global Standardization in Practice? American Accounting Association Annual Meeting AAA 2007; American Accounting Association, United States.

Ray S, Ray P, and Gray S (2007) Repositioning Innovation Strategies of Domestic Firms and MNE-affiliates in an Emerging Economy Australia and New Zealand International Business Academy Conference ANZIBA 2007; Australia and New Zealand International Business Academy, Australia.

Singh R, and Gray S (2007) The Adoption of International Financial Reporting Standards in Fiji: Issues and Challenges 6th International Conference on Learning Analytics and Knowledge, LAK 2016; Association for Computing Machinery (ACM), New York.

2006

Journal Articles

Ram (nee Singh) R, and Gray S (2006) International Financial Reporting Standards (IFRS) for Small and Medium-Sized Entities (SMEs): Issues and Challenges for National Jurisdictions Indian Accounting Review, 10 (2), 1-17.

Styles C, and Gray S (2006) Advancing research in international entrepreneurship International Marketing Review, 23 (5), 1-6.

Styles C, and Gray S (2006) Guest Editorial: Advancing research in international entrepreneurship International Marketing Review, 23 (5). [More Information]

Verma S, and Gray S (2006) The creation of the Institute of Chartered Accountants of India: The first steps in the development of indigenous accounting profession post-independence Accounting Historians Journal, 33 (2), 131-156.

Book

Gray S, Radebaugh L, and Black E (2006) International Accounting and Multinational Enterprises 6th Edition; John Wiley & Sons, USA.

Conference Proceedings

Fee A, and Gray S (2006) Individual Creativity in an International Context - Opportunities to Learn? Australia and New Zealand International Business Academy Conference ANZIBA 2006; Victoria University of Wellington, Wellington New Zealand.

Gray S, Leung Q, and Morris R (2006) Corporate transparency in China: Factors influencing financial disclosure levels 29th Annual Congress of the European Accounting Association EAA 2006; European Accounting Association, Ireland.

Gray S, Morris R, and Lee J (2006) Australia's Transition to International Financial Reporting Standards: Early Indications of the impact on Profits and Equity Korean Accounting Association Annual Summer/ International Conference; Korean Accounting Association, Seoul.

Morris R, and Gray S (2006) Determinants of Corporate Financial Transparency in Asian Countries: The Impact of Country-Level Factors American Accounting Association Annual Meeting AAA 2006; American Accounting Association, United States.

Morris R, Leung Q, and Gray S (2006) Corporate Transparency in China: Factors Influencing Financial Disclosure Levels 48th Annual Meeting of the Academy of International Business AIB 2006; Academy of International Business, United States.

Morris R, Voronina T, and Gray S (2006) Progress towards adopting international financial reporting standards in Russia: An empirical study of Russian company practices Accounting and Finance Association of Australia and New Zealand Conference (AFAANZ) 2006; John Wiley & Sons, online.

2005

Journal Articles

Brennan N, and Gray S (2005) The impact of materiality: Accounting's best kept secret Asian Academy of Management Journal of Accounting and Finance, 1, 1-31.

Kim Y, and Gray S (2005) Strategic factors influencing international human resource management practices: an empirical study of Australian multinational corporations International Journal of Human Resource Management, 16 (5), 809-830. [More Information]

Nichols N, Gray S, and Street D (2005) Pro forma adjustments to GAAP earnings: Bias, materiality and SEC action Research in Accounting Regulation, 18 (1), 29-52. [More Information]

Conference Proceedings

Gray S (2005) The value relevance of transparency and corporate governance in Malaysia before and after the Asian financial crisis European Accounting Association (EAA) 28th Annual Congress; Goteborg University, Sweden.

Gray S, and Kim Y (2005) National Culture and Entry Mode Choice in Newly Industrialized Host Countries: Foreign MNE Strategies in South Korea 47th Annual Meeting of the Academy of International Business AIB 2005; Academy of International Business, United States.

Morris R, Leung Q, and Gray S (2005) Corporate Transparency in China: Factors Influencing Financial Disclosure Levels 17th Asian Pacific Conference on International Accounting Issues 2005; California State University, Fresno, United States.

Susilowati I, Morris R, and Gray S (2005) Factors influencing corporate transparency: A comparative empirical study of Indonesia and Australia Accounting and Finance Association of Australia and New Zealand Conference AFAANZ 2005; The Accounting and Finance Association of Australia and New Zealand, Australia.

Susilowati I, Morris R, and Gray S (2005) Factors Influencing Corporate Transparency: A Comparative Empirical Study of Indonesia and Australia 47th Annual Meeting of the Academy of International Business AIB 2005; Academy of International Business, United States.

Voronina T, Morris R, and Gray S (2005) Corporate financial transparency in Russia: An empirical study of Russian company practices American Accounting Association Annual Meeting AAA 2005; American Accounting Association, USA.

2004

Journal Articles

Morris R, Ho B, Pham T, and Gray S (2004) Financial Reporting Practices Of Indonesian Companies Before And After The Asian Financial Crisis Asia-Pacific Journal of Accounting and Economics, 11 (2), 1-26.

Skogsvik K, and Gray S (2004) Voluntary Disclosures Of Quoted Pharmaceutical Companies In Sweden And The Uk: The Development over the Period 1984-98 European Accounting Review, 13 (4), 787-805.

Susilowati I, Gray S, and Morris R (2004) Corporate Transparency In An International Accounting Context Indian Accounting Review, 8 (1), 1-24.

Conference Proceedings

Gray S, Pham T, and Morris R (2004) Transparency and Corporate Governance in Malaysia Before and After the Asian Financial Crisis 46th Annual Meeting of the Academy of International Business AIB 2004; Academy of International Business, United States.

Susilowati I, Morris R, and Gray S (2004) Transparency And Financial Disclosure By Indonesian Companies Australia and New Zealand International Business Academy Conference ANZIBA 2004; University of Canberra, Canberra, A.C.T., Australia.

Seminar Papers

Gray S, Kang Lee H, and Cheng M (2004) Corporate governance and board composition: Board diversity in Australian corporations 27th Annual Congress of the European Accounting Association (EAA); European Accounting Association, Prague.

Gray S, Morris R, and Pham T (2004) Transparency and corporate governance in Malaysia before and after the Asian financial crisis American Accounting Association Annual Meeting AAA 2005; American Accounting Association, USA.

2003

Journal Article

Gray S, and Sunghoon H (2003) Attracting FDI to the Republic of Korea: foreign affiliates satisfaction with government policies Transnational Corporations, 12 (1), 107-128.

Books

Gray S, and Radebaugh L (2003) International Accounting and Multinational Enterprises 5th Edition; John Wiley & Sons, USA.

Sealey L, Nobes C, Xuereb P, Drury R, Emmanuel C, Gray S, Murphy C, and Smith D (2003) International Corporate Procedures; Jordan Publishing Ltd., Bristol England.

Conference Proceeding

Morris R, Ho B, and Gray S (2003) Transparency of financial reporting before and after the Asian financial crisis: An empirical study of Indonesian company American Accounting Association Annual Meeting AAA 2005; American Accounting Association, USA.

Book Chapter

Adams C, Frost G, and Gray S (2003) Corporate environmental and social reporting International Finance and Accounting Handbook: Third Edition; John Wiley & Sons, Hoboken, 23.1-23.23.

Seminar Paper

Holt J, Purcell W, Gray S, and Pedersen T (2003) Decison factors influencing MNEs regional headquarters location selection strategies Academy of International Business Annual Meeting; Academy of International Business, Stockholm, Sweden.

Recent Units Taught

  • ACCT3013 Financial Statement Analysis

  • ACCT4102 Accounting Honours B

  • ACCT6003 Financial Statement Analysis

  • ACCT6003 Fundamental Analysis for Equity Investment

  • QBUS6860 Visual Data Analytics