Panos Markou

Panos Markou

Assistant Professor of Business Administration


FOB 139

Education: Ph.D. in Operations Management, IE Business School in Madrid

Panos’s research is built on empirically understanding how firms may manage, and make better decisions, in the face of risks which threaten to disrupt critical organizational processes.  More specifically, his research focuses on managing the uncertainty inherent in innovative processes and mitigating high-impact operational and financial risks.  He is a strong believer in bridging academia and industry: producing research that is grounded in practice and has the potential for large impact and relevance.  To this end, Panos has collaborated with companies in a variety of industries such as automotive, aviation, banking, and pharmaceuticals.

Prior to joining Darden, Panos taught at the MBA, EMBA, and Executive Education programs at the Cambridge Judge Business School in the UK and IE Business School in Spain.  He also has several years’ experience working at BMW’s manufacturing facility in Spartanburg, SC and the Research & Innovation Center (Forschungs- und Innovationszentrum) in Munich, as well as at Delta TechOps in Atlanta, GA.

Panos holds a BSc in Mechanical Engineering from the Georgia Institute of Technology and an MSc and PhD in Operations Management from IE Business School.  He was previously a postdoctoral researcher at the University of Cambridge Judge Business School’s Entrepreneurship Centre.

Selected Publications

Markou, Panos and Williams, Ryan and Yang, Jie, Collateral, Risk, and Borrowing Capacity (May 30, 2018). Available at SSRN:

Markou, Panos and Corsten, Daniel, Financial and Operational Risk Management in the Gold Mining Industry (June 2018). Available at SSRN:

Markou, Panos and Kavadias, Stylianos and Oraiopoulos, Nektarios, Project Selection and Success: Insights from the Drug Discovery Process (August 1, 2018). Available at SSRN:

Corsten, Daniel and Gropp, Reint and Markou, Panos, Suppliers As Liquidity Insurers (March 2019). Available at SSRN: