George Allayanis headshot
GA

George S. Allayannis

Professor
Unit: Darden School of Business
Department: Darden Graduate School of Business
Office location and address
FOB 291A
90 Darden Blvd
Charlottesville, Virginia 22903
Education
Diploma, National Technical University of Athens
MBA, University of Massachusetts
MPhil, Ph.D., New York University
Biography

Professor Allayannis is the Paul Tudor Jones Chair in Business Administration and Associate Dean of Darden's Global Executive MBA (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 2005-07, 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 industrial 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.

GBUS 7106: Understanding Global Markets
Credits: 2
The UGM course addresses the key issues facing managers interacting with global markets, both product, as well as financial markets. It is an introduction, which builds a foundation for the individual courses (FMP, GEM, MKT, STR), which will go into greater depth covering these issues in the continuation of the program. It is cross-disciplinary, and aims at developing a global, cross-disciplinary perspective for all students..
GBUS 7255: Financial Management and Policies (Part I)
Credits: 2
This corporate-finance course focuses on corporate policy and the tactics that increase the value of the corporation. The course starts by stressing how managers interface with the capital markets to learn the return required by the firm's different investors. This required return, or cost of capital, is used later as the key variable to assess whether capital-investment proposals can create value for stakeholders.
GBUS 7257: Financial Management & Policies (Part III)
Credits: 2
This corporate-finance course focuses on corporate policy and the tactics that increase the value of the corporation. The course starts by stressing how managers interface with the capital markets to learn the return required by the firm's different investors. This required return, or cost of capital, is used later as the key variable to assess whether capital-investment proposals can create value for stakeholders.
GBUS 7258: Financial Management & Policies (Part II)
Credits: 2
This corporate-finance course focuses on corporate policy and the tactics that increase the value of the corporation. The course starts by stressing how managers interface with the capital markets to learn the return required by the firm's different investors. This required return, or cost of capital, is used later as the key variable to assess whether capital-investment proposals can create value for stakeholders.
GBUS 7260: Financial Management and Policies - Part IV
Credits: 2
This corporate-finance course focuses on corporate policy and the tactics that increase the value of the corporation. The course starts by stressing how managers interface with the capital markets to learn the return required by the firms different investors. This required return, or cost of capital, is used later as the key variable to assess whether capital-investment proposals can create value for stakeholders.
GBUS 8173: Global Capital Markets United Kingdom
Credits: 2
The course will explore several of these issues and markets in detail and students will be gaining insight on how global markets function, what kinds of factors impact them, who the key players are, and what their role is. The course will also seek to explore sector/industry specific learnings in areas such as, for example, real estate, shipping, hedge funds, and private equity.
GBUS 8450: Hot Topics in Finance
Credits: 2
The course gives students the opportunity to hear financial market experts discuss the most current financial issues in the headlines. Topics will span issues of concern to Wall Street as well as corporate America. Each class will feature a new speaker who will either introduce a new issue to the class or will bring a different perspective on the issue of a previous speaker.
GBUS 8490: Financial Institution and Markets
Credits: 2
This is a survey course on the institutions and products that make up the capital markets. Major themes in the course include financial innovation and its role in making the financial markets and the economy more efficient. An emphasis is placed on the redistribution of risk among market participants and the reduction in the spread between what borrowers pay and what lenders receive. The course is designed as a broad overview and is not a technical course. It is valuable not only for students interested in finance but also for those with general management aspirations.
GBUS 8500: Special Topics Seminar
Credits: 2–3
Each seminar is a course of study for students with special interests in business administration topics not currently included in the normal course offerings of the MBA Program. The seminar topics should be consistent with the objectives of the Second Year Program.
GBUS 8645: Honor the Trad of Past While Confront the Chall of the Future-Dubai/Bahrain
Credits: 2
The course will explore the issues facing leaders in the region through engagements in Dubai in the United Arab Emirates and the Kingdom of Bahrain. These two countries have adopted different approaches to economic development and their vision for the future while considering their long tradition and history. We will explore the current and future plans for economic development, the role of business leaders in shaping these changes and their roles.
GBUS 8700: Darden Venturing Project
Credits: 2–3
This course is intended to provide students with an opportunity to work closely with a faculty adviser to produce a case study of a real business situation. Students may already have a case setting in mind or may call upon their faculty supervisor for an introduction to the setting for a case.
GBUS 8999: Darden Independent Study
Credits: 2–3
A Darden Independent Study elective includes either case development or a research project to be conducted by an individual student under the direction of a faculty member. Students should secure the agreement of a resident faculty member to supervise their independent study and assign the final grade that is to be based to a significant degree on written evidence of the individual student's accomplishment.