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Making connections/ Impacting futures
| Dr Fragkiskos Filippaios | Senior Lecturer in International Business |
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Profile sectionsTeaching Group: International Business and Strategy Room: Room 115, Kent Business School main building Extension: 4222 Email: F.Filippaios@kent.ac.uk Office hours: |
| 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.
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| Research interests | |
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| Research supervisees | |
Anthoula Avloniti
Investigation of Factors that Influence the Effectiveness of Comparative Advertising Beyond Advertisement Itself
Business lobbying in the EU; A Survey and Case Study Approach
E-business Strategy
Political Strategies of Multinational Enterprises in Emerging Economies |
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| Past research supervisees | |
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Financial System Development in Central and Eastern Europe: Time for Equity Culture? |
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| Publications | |
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Also view these in the Kent Academic Repository
Book Sections
Hashai, N. and Almor, T. and Papanastassiou, M. et al. (2011)
Unraveling the Relationships Between Internationalization and Product Diversification Among the World's Largest Food and Beverage Enterprises.
In: Ramamurti, R. and Hashai, N. Research in Global Strategic Management, Vol 15 - The Future of Foreign Direct Investment and the Multinational Enterprise. Emerald, pp. 271-299. ISBN 978-0-85724-555-7.
Benson, V. and Filippaios, F. (2010)
Effects of Digital Footprint on Career Management: Evidence from Social Media in Business Education.
In: Lytras, M.D. and De Pablos, P.O. and Ziderman, A. et al. Knowledge Management, Information Systems, E-Learning, and Sustainability Research. Communications in Computer and Information Science, 111. Springer, pp. 480-486. ISBN 9783642163173.
Abstract As online social media gain immense popularity among Internet users, we would like to explore the implication of social networking on career management. This paper links social capital theories and the impact of online social networks on ties between individuals in social and business uses. Social media contributes to building up individual digital footprint, or Internet content linked to individual names. We then propose a typology of the digital footprint based on the evidence from a survey of business students. Discussion of the implications of the study and arising research questions conclude the article.
Papanastassiou, M. and Pearce, R. and Filippaios, F. (2009)
Strategic Internationalisation and the Growth of the Multinational Firm.
In: Papanastassiou, M. and Pearce, R. The Strategic Development of Multinationals, Subsidiaries and Innovation. Palgrave MacMillan, London. ISBN 9780230551336.
Filippaios, F. and Kottaridi, C. and Papanastassiou, M. et al. (2004)
Empirical Evidence on the Strategic Behaviour of US MNEs Within the Framework of Dynamic Differentiated Networks.
In: Mucchielli, J.L. and Mayer, T. Multinational Firms' Location and the New Economic Geography. Edward Elgar Publishing Ltd, pp. 178-204. ISBN 9781843766544.
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.
Stoian, CR and Filippaios, F. (2008)
Dunnings eclectic paradigm: A holistic, yet context specific framework for analysing the determinants of outward FDI:Evidence from international Greek investments.
International Business Review, 17 (3). pp. 349-367. ISSN 0969-5931.
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), 45890; 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), 32948; Kekic, L. (2005). Foreign direct investment in the
Balkans: Recent trends and prospects. Southeast European and Black Sea Studies, 5(2), 17190]. 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 Dunnings 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 papers 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 firms 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 19822002. 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 worlds 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 papers main target is dual: First to
provide a comprehensive description of Greeces 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
Stoian, C.R. and Filippaios, F. (2007)
Foreign Direct Investment and Aid: Engines for Growth in Transition Economies.
working_paper. Kent Business School Working Papers Series, University of Kent, Canterbury
Filippaios, F. and Hashai, N. and Almor, T. et al. (2006)
Choosing a Growth Path: Internationalization, Product Diversification or Both?
working_paper. University of Kent, Canterbury, Canterbury
Stoian, C.R. and Filippaios, F. (2005)
Where to, Odysseus? The Quest of Greek Firms to Expand Abroad.
working_paper. Kent Business School Working Papers Series
Kottaridi, C. and Filippaios, F. and Papanastassiou, M. (2004)
The Investment Development Path and the Product Cycle: An Intergrated Approach.
working_paper. University of Reading, Reading
Kottaridi, C. and Filippaios, F. and Pearce, R. et al. (2004)
Choice of Location and the Roles of Foreign Subsidiaries: Evidence From UK Regions.
working_paper. University of Reading, Reading
Conference Items
Filippaios, F. and Stoian, C.R. (2007)
Foreign Direct Investment and Aid: Engines for Growth in Transition Economies?
In: Business and Economics Society International Conference 2007, 16th - 20th July 2007, Antibes, France. (unpublished)
Filippaios, F. and Stoian, C.R. (2007)
Foreigh Direct Investment and Aid in Transition Economies.
In: Academy of International Business Annual Conference, Milan, Italy. (unpublished)
Stoian, C.R. and Filippaios, F. (2006)
Where to Odysseus? The Quest of Greek Firms to Expand Abroad.
In: Economics and Business Society International, Manchester, UK. (unpublished)
Stoian, C.R. and Filippaios, F. (2006)
Where to Odysseus? An Investigation of the Determinants of Greek Investment Abroad.
In: Academy of International Business, Manchester, UK.
Stoian, C.R. and Filippaios, F. (2006)
Targeting the Right Countries by the Right Type of Investor: An Analysis of the Determinants of Greek Outward Investment.
Filippaios, F. and Almor, T. and Hasai, N. et al. (2005)
Internationalization vs. Business Diversification - The Impact of Internal Capability development.
In: 31st European International Business Academy (EIBA), Oslo, Norway.
Abstract While both internationalization and product diversification are associated with firm growth, the choice between these two growth strategies has remained relatively under-researched. In this paper we assert that the development of specific capabilities result in dominancy of one growth strategy over the other. Hence, we expect firms to choose either internationalization or product diversification as their dominant growth path rather than pursuing both strategies. Moreover the choice of a dominant growth strategy is expected to lead to superior performance compared to pursuing both or neither growth strategies. Empirical analyses of the extent and process of internationalization and product diversification of leading Food & Beverage MNEs during the period 1996-2000 mostly support these expectations.
Filippaios, F. (2004)
Foreign Direct Investment in a Small Open Economy of the European Union Periphery: The Case of Greece.
In: 30th EIBA Annual Conference, 5-8 December 2004, Ljubljana, Slovenia.
Filippaios, F. and Kottaridi, C. and Papanastassiou, M. et al. (2004)
Choice of Location and the Roles of Foreign Subsidiaries: From UK Regions.
In: 2004 Annual Meeting, 10-13 July 2004, Stockholm, Sweden. (unpublished)
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