Professor Allayannis is a Professor of Business Administration and Associate Dean of Darden’s Global MBA for Executives (GEMBA) program. He is an expert in Corporate Finance, Risk Management, and Financial Institutions. His primary research focus is on corporate risk management, corporate financial policies, and international finance. Specifically, his work examines the impact of financial and operational risk management on firm valuation and risk, the valuation implications of cash flow volatility, and the determinants and evolution of a firm's exchange-rate risk. His recent work explores capital structure and liquidity as a way to manage risk and improve value, corporate governance, and earnings management. His research has been published in leading finance journals, such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies.
Professor Allayannis has taught in the First Year Finance program (Corporate Finance) and elective courses in Portfolio, Valuation, and Financial Institutions and Markets as well as in programs in Darden's Executive Education, the CFA Institute, SNL Financial, and the World Bank. He was the recipient of: the University of Virginia Alumni Association Distinguished Professor Award in 2011; the Outstanding Faculty Award in 2002, 2005, 2009, 2010 and 2012; was elected Faculty Marshal by the graduating classes of 2002, 2004, 2005, 2009, 2010 and 2012; the Wachovia Award for Research Excellence in 2002 for his article on corporate risk management and its impact on firm value; and The Case Center award in 2014 in the area of finance, accounting and control, for his case on global banking and the impact of Basel III regulation.
Between 2005 and 2007, Allayannis was a director in Citigroup’s Global Financial Strategy Group in the Investment Banking Division. He worked extensively with clients in the financial institutions and industrials sectors advising on a broad range of issues such as capital structure, credit ratings, capital distribution policies, valuation and risk management. He was involved in several strategic and financing transactions. Allayannis also published several Citigroup reports on risk management in emerging markets, the impact of energy prices on corporate financial strategies and the value creation of divestitures in the financial services sector.