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Our Academic and Professional Team

Dr Fragkiskos Filippaios

Senior Lecturer in International Business
Director of Graduate Studies (includes Postgraduate Development and Accreditations)

Dr Fragkiskos Filippaios

Teaching Group: International Business and Strategy

Room: Room 115, Kent Business School main building

Extension: 4222

Email: F.Filippaios@kent.ac.uk

Office hours:
Please request appointment via email

Biography

Fragkiskos Filippaios is currently the Director for Graduate Studies and Accreditations and a Senior Lecturer in International Business at Kent Business School, University of Kent. Previously he was the International MBA Course Director at Kingston Business School, Kingston University London holding the responsibility for all international MBA programmes offered by Kingston University London, in Russia, Greece, Cyprus and India. The academic year 2007/2008 he was the Ministry of Economy and Finance Senior Research Fellow at the Hellenic Observatory, European Institute, London School of Economics.  Fragkiskos was awarded his Ph.D. in 2004 by the Department of International and European Economic Studies, Athens University of Economics and Business. 
His research interests are on the roles of subsidiaries of Multinational Enterprises, the location strategies of multinationals’ subsidiaries, the role of technology in the multinational group and the empirical assessment of Foreign Direct Investment. 
He has worked as a consultant for the Ministry of Development in Greece and published in internationally recognised academic journals.  Currently, he contributes to Kent Business School’s undergraduate, postgraduate and executive teaching as well as to the design of new programmes, in the UK and internationally.  He also acts as a reviewer for various international journals, he is an Association of MBAs Accreditation panel member and he is an active member of the Academy of International Business and the European and International Business Academy.


Research interests
  • International Business with emphasis on the Political Economy and Empirical Assessment of Foreign Direct Investment
  • Roles of Subsidiaries of Multinational Enterprises (MNEs)
  • Location strategies of MNE subsidiaries
  • Role of technology in the MNE group
Research supervisees

Anthoula Avloniti
Capturing the Moderating Role of Culture on the Performance of Multinational Enterprises: Evaluation of Existing Measures and Construction of New Instruments.

 

Kalliopi Konsolaki

Investigation of Factors that Influence the Effectiveness of Comparative Advertising Beyond Advertisement Itself

 

Robert Charles Kennedy

Business lobbying in the EU; A Survey and Case Study Approach

 

Mona Rashidirad

E-business Strategy

 

Vikrant Shirodkar

Political Strategies of Multinational Enterprises in Emerging Economies

Past research supervisees

Zita Stone

Financial System Development in Central and Eastern Europe: Time for Equity Culture?

Publications
Also view these in the Kent Academic Repository
Book Sections
Articles

    Benson, V. and Filippaios, F. and Morgan, S. (2010) Changing the Face of Business Education and Career Planning. International Journal of eBusiness Management, 4 (1). pp. 20-33. ISSN 1835-5412.

    Abstract

    Online social networks have become increasingly popular in recent years, providing an efficient and user-friendly way to maintain social connections and share information. They have been shown to facilitate business relationships and building of social capital using electronic media. Graduates who are coming into business for the first time are almost expected to be comfortable with interactions using social networks. This brings new challenges to graduates in the way they use social networks and how they enhance their career development and relationships with employers. This study reports the findings of a survey of 272 UK and international business school students on career development and entrepreneurship as a part of a wider study of online social networking. The results of the study reveal key differences between undergraduate, postgraduate and international student populations. The paper discusses differences across gender, educational level and nationality that have implications for social networking practices and argues for a pressing need to raise the awareness of graduates in the use of social networks to enhance their career prospects. The conclusions of the study offer better understanding of motivations and barriers to an effective application of social networks in business.

    Filippaios, F. and Papanastassiou, M. and Pearce, R. et al. (2009) New Forms of Organisation and R & D Internationalisation Among the World's 100 Largest Food And Beverages Multinationals. Research Policy, 38 (6). pp. 1032-1043. ISSN 0048-7333.

    Abstract

    This paper explores the strategic internationalisation of Research and Development (R&D) activities of the world's 100 largest food and beverages (F&B) multinationals (MNEs) in 1996 and 2000 with a sample of nearly 8000 affiliates for each period. We develop a global innovation strategy (GIS) structure where we analyse the R&D internationalisation process of F&B MNEs. We argue that in a fully developed GIS model the sourcing of creative inputs does not come exclusively from a ‘central’ R&D laboratory, but other overseas R&D laboratories or technological affiliates can also undertake genuine knowledge creation activity from capitalising on the scientific heterogeneity fostered in individual host countries as well as distinctive demand conditions. Our results indicate the increasing importance of overseas technological affiliates in the application of a GIS in the leading F&B MNEs, which determine the degree of their technological internationalisation. Two variants of technological affiliates reflect two broad knowledge-related activities, i.e. adaptation and genuine forms of knowledge creation.

    Anastassopoulos, G. and Filippaios, F. and Phillips, P. (2009) An Eclectic Investigation of Tourism Multinationals: Evidence from Greece. International Journal of Hospitality Management, 28 (2). pp. 185-194. ISSN 0278-4319.

    Abstract

    This paper analyses determinants of profitability differences between subsidiaries of multinational enterprises (MNEs) and domestic enterprises (DMEs) in the tourism industry, using firm-level data. Previous studies focus on the hypothesis that ownership-specific advantages are a major determinant of performance differences. This paper explores performance issues using the eclectic paradigm configuration of tourism multinationals (NACE = 55), operating in Greece and a panel dataset for 95 firms and 10 years. A quantile regression technique is used to estimate the proposed model. Results indicate that, overall, MNEs out-perform their domestic competitors and are generally larger in terms of size. The study reveals, though, that when breaking MNEs into majority and minority owned, the latter perform better, as they make substantial use of local partners. These partners contribute with knowledge of the local market, which is an important aspect for the tourism industry. Finally, the authors discuss the conclusions and managerial implications of the findings.

    Abstract

    During the last two decades Greece has emerged as a key regional player and one of the largest investors in the Central and Eastern and South-Eastern European Countries (CESEE) [Bastian, J. (2004). Knowing your way in the Balkans: Greek foreign direct investment in Southeast Europe. Southeast European and Black Sea Studies, 4(3), 458–90; Demos, A., Filippaios, F., & Papanastassiou, M. (2004). An event study analysis of outward foreign direct investment: The case of Greece. International Journal of the Economics of Business, 11(3), 329–48; Kekic, L. (2005). Foreign direct investment in the Balkans: Recent trends and prospects. Southeast European and Black Sea Studies, 5(2), 171–90]. With the opening up of neighbouring markets in the early 1990s the Greek firms and entrepreneurs grabbed the opportunity to exploit their ownership advantages and expand abroad. Within this context, the primary aim of this study is to test the impact of ownership and location advantages in determining the internalisation decisions by Greek investors participating in the Athens Stock Exchange (ASE), proving that Dunning’s eclectic paradigm (OLI) is a holistic, yet context specific framework of analysing foreign direct investment (FDI) determinants. To set the OLI in a specific context, we account for the different sectors and countries where Greek companies have internationalised, as well as for the time period when investments have been made. This paper’s second major contribution is that by looking at both ownership advantages and institutional determinants it complements the previous works on institutional determinants of FDI. Our findings show that the expansion of Greek firms occurs primarily in similar countries with small market size, and open economies. Rule of law and high bureaucratic quality remain essential for the firm’s decision whereas the existence of high corruption act as a deterrent. Finally, a significant finding is that of the existence of a learning curve in the Greek firms’ international expansion.

    Stoian, C.R. and Filippaios, F. (2008) Foreign Direct Investment in Central, Eastern and South Eastern Europe: An Eclectic Approach to Greek Investments. International Journal of Entrepreneurship and Innovation, 8 (5). pp. 542-564. ISSN 1368-275X.

    Filippaios, F. and Papanastassiou, M. (2008) US Outward Foreign Direct Investment in the European Union and the Implementation of the Single Market: Empirical Evidence From a Cohesive Framework. Journal of Common Market Studies, 46 (5). pp. 969-1000. ISSN 0021-9886.

    Abstract

    In this article we investigate the determinants of US outward Foreign Direct Investment (FDI) in the European Union for the period 1982–2002. The data set allowed us to discern differences in the pattern of US FDI between EU core and EU periphery countries, as well as over different time periods during the last two decades. The results indicate that the US FDI pattern varies among different groups of countries and that there was a restructuring in multinational firms' investment activity after the implementation of the single market plan. Agglomeration factors, market size, qualified and productive labour and cost efficiency of local production seem to dominate in the location choice of US investors.

    Filippaios, F. and Rama, R. (2008) Globalisation or Regionalisation? The Strategies of the World's Largest Food and Beverage MNEs. European Management Journal, 26 (1). pp. 59-72. ISSN 0263-2373.

    Abstract

    Using a database comprising around 7,000 affiliates, this article analyses the geographic pattern of the world’s largest food and beverage multinational enterprises (F&B MNEs) over 1996-2000. Most of the 81 sampled F&B MNEs follow regional strategies. We find nine global firms, with 20% or more of their affiliates in three regions each but less than 50% in any of these regions. 22 companies following a bi-regional strategy, with 20% of their affiliates in each of the two regions, but less than 50% in any region; and 50 firms following a home-region strategy, with affiliates in the home-region accounting for at least 50% of their affiliates. While some MNEs could be considered as global according to their total affiliates distribution, their core business line could be regionally focused. According to ANOVA tests, global firms do not outperform other F&B MNEs; however, they tend to be larger and spread to more countries. A Pearson Chi square test and a Fisher test suggest that F&B MNEs based in different home-regions tend to follow different geographic strategies.

    Adam, A. and Filippaios, F. (2007) Foreign Direct Investment and Civil Liberties: A New Perspective. European Journal of Political Economy, 23 (4). pp. 1038-1052. ISSN 0176-2680.

    Abstract

    The conjecture that democracy discourages foreign direct investment (FDI) has been widely refuted in empirical studies. However, we find support of this view. We distinguish between civil and political liberties and propose that multinational firms tend to invest in countries with low civil but with high political liberties. We show that the negative relationship between civil liberties and FDI is hump-shaped. A threshold level of civil liberties exists, below which repression of civil liberties is associated with more FDI. The results are explained by different economic motives for FDI in different groups of countries

    Stoian, C.R. and Filippaios, F. (2006) Where to Odysseus? The Quest of Greek Firms to Expand Abroad. Global Business and Economics Anthology, 2 (2). pp. 463-480. ISSN 1553-1392.

    Filippaios, F. (2006) Are Energy Prices Strangling Kent's Enterprises? Buying and Using Utilities, 12.

    Filippaios, F. (2006) The Implications of the Shift Towards Services in Multinationals' Activities: Evidence From the Greek Case. East-West Journal of Enonomics and Business, XI (2). ISSN 1108-2992.

    Abstract

    Greece has been a traditional recipient of Foreign Direct Investment (FDI) since the early 1950s. The country constitutes an excellent example of how a small, open but peripheral economy, gradually changes according to the process of economic development. The paper’s main target is dual: First to provide a comprehensive description of Greece’s position in attracting FDI today and second to explain the location determinants of the structural change in Greek inward foreign investments from manufacturing to services. Whilst in the late eighties, inward investments mainly targeted the manufacturing sector, Greece nowadays attracts primarily FDI in services such as financial intermediation, real estate etc. Traditional factors attracting FDI seem to dominate the international investors’ decisions as well as capital productivity and labour costs on the sectoral level, these are significant influences when investing in Greece. The paper concludes by offering interesting policy implications.

    Filippaios, F. (2005) The Long Journey of Writing a PhD Thesis. EIBA - zine.

    Demos, A. and Filippaios, F. and Papanastassiou, M. (2004) An Event Study Analysis of Outward Foreign Direct Investment: The Case of Greece. International Journal of the Economics of Business, 11 (3). pp. 329-348. ISSN 1357-1516.

    Abstract

    The purpose of this article is twofold. Firstly, by applying the event study methodology, it provides detailed and updated evidence on the value generating effect of different modes of foreign direct investment (FDI) entry. Secondly, this is the first paper to empirically evaluate the impact of FDI on the stock returns of Greek firms participating in the Athens Stock Exchange (ASE). In the case of Greece, the cross-section analysis revealed that successful outward FDI projects tend to be located in developed countries, performed in a high-technology sector and linked to horizontal integration.

    Filippaios, F. and Kottaridi, C. (2004) Investment Patterns and the Competitiveness of Greek Regions. Review of Urban and Regional Development Studies, 16 (2). pp. 99-112. ISSN 0917-0553.

    Abstract

    This paper aims at mapping and analyzing the determinants of industrial activity in Greek regions in order to assess current investment patterns. For this purpose, we estimate a conditional logit model of 226 new established firms for 1996 and 1997. Results give interesting insights that are likely of particular importance to regional policy makers. Noteworthy is the spatial concentration of firms in different prefectures while the large metropolitan cities, Athens and Thessalonica, although with declining shares, prevail as the dominant hosts. European regional policy seems to enhance firms? entry via its effect on economic development variables, in contrast with the Greek Development Law, which turns out non-influential.

    Filippaios, F. and Papanastassiou, M. and Pearce, R. (2003) The Evolution of US Outward Foreign Direct Investment in the Pacific Rim: A Cross-Time and Country Analysis. Applied Economics, 35 (16). pp. 1779-1787. ISSN 0003-6846.

    Abstract

    The location determinants of US FDI in the Pacific region of the OECD, i.e. Australia, New Zealand, Japan, and Korea, are analysed for 1982-1997. The data set allowed two time periods i.e. the 1980s and the 1990s, and two different subgroups, i.e. Australia and New Zealand, and Japan and Korea to be distinguished. Statistical evidence indicates a heterogeneous response of US FDI towards different countries and for different time periods. Factors such as market size, income level and qualified and productive labour exert a significant impact on both the timing and the locational choice of US investors in the region.

Monographs
Conference Items
Total publications in KAR: 32 [See all in KAR]
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Last Updated: 06/02/2012