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 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 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.

Selected publications


Journal Articles

Christodoulou D, and McLeay S (2019) The double entry structural constraint on the econometric estimation of accounting variables European Journal of Finance, In Press.

Christodoulou D, and Samuell D (2019) The adviser effect on insurance disclosures Applied Economics, In Press.


Christodoulou D, Grant A, and Johnstone D (2019) Behavioural Finance Client and Consumer Behaviour: Engagement and Decision Making - Handbook for Financial Advisers, Sydney, Australia.


Journal Articles

Christodoulou D (2018) The accounting identity trap: identification under stock-and-flow rank deficiency Applied Economics, 50 (13), 1413-1427. [More Information]

Christodoulou D, Lev B, and Ma L (2018) The productivity of Chinese patents: The role of business area and ownership type International Journal of Production Economics, 199, 107-124. [More Information]

Christodoulou D, Ma L, and Vasnev A (2018) Inference-in-residuals as an Estimation Method for Earnings Management Abacus, 54 (2), 154-180. [More Information]


Journal Articles

Christodoulou D (2017) Heuristic criteria for selecting an optimal aspect ratio in a two-variable line plot Stata Journal, 17 (2), 279-313.

Christodoulou D, and Sarafidis V (2017) Regression clustering for panel data models with fixed effects Stata Journal, 17 (2), 314-329.


Journal Article

Christodoulou D, Clubb C, and McLeay S (2016) A Structural Accounting Framework for Estimating the Expected Rate of Return on Equity Abacus, 52 (1), 176-210. [More Information]


Conference Proceeding

Jofre M, Gerlach R, and Christodoulou D (2015) Machine Learning for Financial Statement Fraud Detection 2nd Conference on Business Analytics in Finance and Industry BAFI 2015; Universidad de Chile, Santiago, Chile.

Book Chapter

Christodoulou D (2015) Stata enabling state-of-the-art research in accounting, business, and finance Thirty Years with Stata: A Retrospective; Stata Press, Texas, 63-84.


Journal Article

Christodoulou D, and McLeay S (2014) The Double Entry Constraint, Structural Modeling and Econometric Estimation Contemporary Accounting Research, 31 (2), 609-628. [More Information]


Journal Articles

Huynh T, Christodoulou D, and Van Der Laan S (2012) Legally-Recognised Group Structures: An Exploratory Analysis Australian Accounting Review, 22 (2), 155-176. [More Information]

Van Der Laan S, and Christodoulou D (2012) Audit Fees and Deeds of Cross Guarantee: An Empirical Evaluation Abacus, 48 (3), 293-315. [More Information]


Journal Article

Christodoulou D, and McLeay S (2009) Bounded Variation and the Asymmetric Distribution of Scaled Earnings Accounting and Business Research, 39 (4), 347-372. [More Information]


Journal Article

Grambovas C, Giner B, and Christodoulou D (2006) Earnings Conservatism: Panel Data Evidence from the European Union and the United States Abacus, 42 (3/4), 354-377. [More Information]

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