RESEARCH

Dr. Apostolos G. Katsafados publishes on a regular basis. His research interests focus on Corporate Finance, Textual Analysis, Machine Learning, and Behavioral Finance.

Publications : Publications

PUBLISHED PAPERS

Anastasiou, D., Katsafados, A., & Tzomakas, C. (2025). Banks’ stock price crash risk prediction with textual analysis: a machine learning approach. Annals of Operations Research, forthcoming.
Katsafados, A. G., & Anastasiou, D. (2024). Short-term prediction of bank deposit flows: Do textual features matter? Annals of Operations Research, 338, 947-972.
Chortareas, G., Katsafados, A. G., Pelagidis, T., & Prassa, C. (2024). Credit risk modelling within the euro area in the covid‐19 period: evidence from an icas framework. International Journal of Finance & Economics, forthcoming.
Katsafados, A. G., Leledakis, G. N., Pyrgiotakis, E. G., Androutsopoulos, I., & Fergadiotis, E. (2024). Machine learning in U.S. bank merger prediction: A text-based approach. European Journal of Operational Research, 312, 783-797.
Katsafados, A. G., Androutsopoulos, I., Chalkidis, I., Fergadiotis, E., Leledakis, G. N., & Pyrgiotakis, E. G. (2023). Textual information and IPO underpricing: A machine learning approach. Journal of Financial Data Science, 5, 100-135.
Katsafados, A. G., Nikoloutsopoulos, S., & Leledakis, G. N. (2023). Twitter sentiments and stock market indexes: A COVID-19 analysis. Journal of Economics Studies, 50, 1866-1888.
Tzomakas, C., Anastasiou, D., Katsafados, A., & Krokida, S. I. (2023). Crisis sentiment and banks’ stock price crash risk: A missing piece of the puzzle? Journal of International Financial Markets, Institutions and Money, 87, 101806.
Anastasiou, D., & Katsafados, A. G. (2022). Bank deposit flows and textual sentiment: When an ECB president’s speech is not just a speech. Manchester School, 91, 55-87.
Katsafados, A. G., Androutsopoulos, I., Chalkidis, I., Fergadiotis, E., Leledakis, G. N., & Pyrgiotakis, E. G. (2021). Using textual analysis to identify merger participants: Evidence from U.S. banking industry. Finance Research Letters, 42, 101949.

PAPERS IN PROGRESS

Anastasiou, D., Katsafados, A., Tzomakas, C., and Ongena, S. (2025). Beyond Words: Fed’s Voice Sentiment and Bank Stock Price Crash Risk.
Anastasiou, D., Katsafados, A., Tzomakas, C., Giannakopoulos, T., and Eleutheriou, S., (2025), Stock Price Crash Risk Prediction via Voice Sentiment.
Anastasiou, D., Bratis, T., Ben Jabeur, S., and Katsafados, A., (2025), House Prices and Textual Sentiment: European Evidence.
Katsafados, A. G., Leledakis, G. N., Pyrgiotakis, E. G., & Panagiotou, N. (2024). Can central bankers' talk predict bank stock returns? A machine learning approach. A machine learning approach.

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