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 Research

Markou, P., S. Kavadias, and N. Oraiopoulos. (2022). “Rival Signals and Project Selection: Insights from the Drug Discovery Process”. Management Science, (accepted).

Markou, P., & Corsten, D. (2021). “Financial and operational risk management: Inventory effects in the gold mining industry”. Production and Operations Management, 30(12), 4635-4655.

Turcic, D., P. Markou, P. Kouvelis, and D. Costen, “Information Asymmetry, Rents, and Cost Risk Allocation: An Investigation of the BMW Supply Chain” (May 2022). Available at SSRN:

Markou, P., R. Williams, and J. Yang, Collateral, Risk, and Borrowing Capacity (February 2021). Available at SSRN:

Corsten, D., R. Gropp, and P. Markou, Supplier-to-Buyer Liquidity Insurance (September 2020). Available at SSRN: