Zervopoulos Panagiotis

Zervopoulos Panagiotis

Associate Professor, Department of Business Administration

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Teaching Field

Performance Measurement and Management, Efficiency and Productivity Analysis, Optimization, Econometrics
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Panagiotis D. Zervopoulos is an Associate Professor at the Department of Business Administration, University of Piraeus, Greece. Previously, he served as an Associate Professor and Director of the Doctorate in Business Administration Program at the College of Business Administration, University of Sharjah, UAE.

Specializing in operations research, efficiency and performance measurement, optimization, and econometrics, his research interests include the development of novel data envelopment analysis (DEA) techniques, Bayesian methods, parametric and non-parametric econometric models, as well as innovative methodological applications across various industries.

He has also held academic and research positions at Peking University (China), the London School of Economics (UK), the Academy of Athens (Greece), and the Foundation for Economic and Industrial Research (IOBE, Greece). Additionally, he has been a member of the World Economic Survey Expert Group and the Economic Experts Survey Group of the Ifo Institute (Germany).

Panagiotis has served as a Senior Consultant Modeling Statistician at IRi Worldwide and as a Project Manager and Expert in Quantitative Analysis and Public Sector Reform at the European Public Law Organization.

He has published papers in leading journals, including the European Journal of Operational Research, Journal of the Operational Research Society, Annals of Operations Research, Journal of Financial Stability, Journal of Cleaner Production, IMA Journal of Management Mathematics, among others. Moreover, he has served as Guest Editor for Socio-Economic Planning Sciences and the IMA Journal of Management Mathematics.

Scopus: https://www.scopus.com/authid/detail.uri?authorId=50862179800

ORCID: https://orcid.org/my-orcid?orcid=0000-0002-7112-6837

View full CV: CV_Panagiotis Zervopoulos_1 July 2025

Selected Publications

Vlachos, I., Zervopoulos, P. D., & Cheng, G. (2024). Supply chain performance evaluation using a network data envelopment analysis model with bias-corrected estimates. Annals of Operations Research, 337(1), 343–395. doi:10.1007/s10479-024-05881-1

Zervopoulos, P. D., Triantis, K., Sklavos, S., & Kanas, A. (2023). An alternative Bayesian data envelopment analysis approach for correcting bias of efficiency estimators. Journal of the Operational Research Society, 74(4), 1021–1041. doi:10.1080/01605682.2022.2053309

Assad, N., Jaafar, A., & Zervopoulos, P. D. (2023). The interplay of financial reporting quality and investment efficiency: evidence from the USA. Journal of Financial Reporting and Accounting. doi:10.1108/jfra-04-2023-0199

Assad, N., Jaafar, A., & Zervopoulos, P. D. (2023). The interplay of real earnings management and investment efficiency: Evidence from the U.S. Cogent Business & Management, 10(2), 2237174. doi:10.1080/23311975.2023.2237174

Kanas, A., Molyneux, P., & Zervopoulos, P. D. (2023). Systemic risk and CO2 emissions in the U.S. Journal of Financial Stability, 64(101088), 101088. doi:10.1016/j.jfs.2022.101088

Alshehhi, J. M., & Zervopoulos, P. D. (2023). The effect of institutional factors on environmental efficiency: A cross-country analysis using a Bayesian data envelopment analysis approach. Journal of Cleaner Production, 395, 136401. doi:10.1016/j.jclepro.2023.136401

Kanas, A., & Zervopoulos, P. D. (2022). Federal home loan bank advances and systemic risk. Review of Quantitative Finance and Accounting, 59(4), 1525–1557. doi:10.1007/s11156-022-01082-8

Al Tamimi, H. A. H., Duqi, A., Kanas, A., & Zervopoulos, P. D. (2022). Directional distance function DEA estimators for evaluating efficiency gains from possible mergers and acquisitions. Journal of the Operational Research Society, 73(6), 1240–1257. doi:10.1080/01605682.2021.1907243

ElKelish, W. W., & Zervopoulos, P. (2022). Meta-frontier and measures of efficiency emphasising optimal corporate governance risk across countries. Corporate Governance, 22(1), 89–113. doi:10.1108/cg-09-2020-0414

Kanas, A., & Zervopoulos, P. D. (2021). Systemic risk, real GDP growth, and sentiment. Review of Quantitative Finance and Accounting, 57(2), 461–485. doi:10.1007/s11156-020-00952-3

Mitropoulos, P., Zervopoulos, P. D., & Mitropoulos, I. (2020). Measuring performance in the presence of noisy data with targeted desirable levels: evidence from healthcare units. Annals of Operations Research, 294(1–2), 537–566. doi:10.1007/s10479-019-03280-5

Kanas, A., & Zervopoulos, P. D. (2020). Systemic risk-shifting in U.S. commercial banking. Review of Quantitative Finance and Accounting, 54(2), 517–539. doi:10.1007/s11156-019-00797-5

Zervopoulos, P. D., Sklavos, S., Kanas, A., & Cheng, G. (2019). A multi-parametric method for bias correction of DEA efficiency estimators. Journal of the Operational Research Society, 70(4), 655–674. doi:10.1080/01605682.2018.1457478

Kounetas, K., & Zervopoulos, P. D. (2019). A cross-country evaluation of environmental performance: Is there a convergence-divergence pattern in technology gaps? European Journal of Operational Research, 273(3), 1136–1148. doi:10.1016/j.ejor.2018.09.004

Kanas, A., Kotios, A., & Zervopoulos, P. D. (2019). Semi-parametric real exchange rates dynamics. Review of Quantitative Finance and Accounting, 52(2), 643–656. doi:10.1007/s11156-018-0720-y

Pantouvakis, A., Vlachos, I., & Zervopoulos, P. D. (2017). Market orientation for sustainable performance and the inverted-U moderation of firm size: Evidence from the Greek shipping industry. Journal of Cleaner Production, 165, 705–720. doi:10.1016/j.jclepro.2017.07.135

Zervopoulos, P. D., Brisimi, T. S., Emrouznejad, A., & Cheng, G. (2016). Performance measurement with multiple interrelated variables and threshold target levels: Evidence from retail firms in the US. European Journal of Operational Research, 250(1), 262–272. doi:10.1016/j.ejor.2015.08.055

Cheng, G., & Zervopoulos, P. D. (2014). Estimating the technical efficiency of health care systems: A cross-country comparison using the directional distance function. European Journal of Operational Research, 238(3), 899–910. doi:10.1016/j.ejor.2014.05.007

Cheng, G., Zervopoulos, P., & Qian, Z. (2013). A variant of radial measure capable of dealing with negative inputs and outputs in data envelopment analysis. European Journal of Operational Research, 225(1), 100–105. doi:10.1016/j.ejor.2012.09.031

Brissimis, S. N., & Zervopoulos, P. D. (2012). Developing a step-by-step effectiveness assessment model for customer-oriented service organizations. European Journal of Operational Research, 223(1), 226–233. doi:10.1016/j.ejor.2012.06.003

Zervopoulos, P., & Palaskas, T. (2011). Applying quality-driven, efficiency-adjusted DEA (QE-DEA) in the pursuit of high-efficiency-high-quality service units: an input-oriented approach. IMA Journal of Management Mathematics, 22(4), 401–417. doi:10.1093/imaman/dpr014