Spyridon Lagaras

  • Assistant Professor of Finance


Spyros Lagaras joined the faculty of the Katz Graduate School of Business at the University of Pittsburgh as an Assistant Professor of Finance in 2018. His research focuses on empirical corporate finance investigating the incentives faced by economic agents - firms, governments, institutions - and their impact on real decisions and the aggregate economy. Specifically, his current work primarily focuses on the literature that links finance with labor markets either by examining the incentives faced by acquiring firms in the decision to reorganize the labor force after M&As, or by exploring the impact of government audit programs on firm growth and labor reallocation. In addition, Spyros investigates how disruptions of the bank lending channel can be used to inform us on the financing of innovation and the impact of corporate ownership on the financing policies of firms.

Spyros received his PhD from the University of Illinois at Urbana-Champaign. He also holds an MBA from Athens University of Economics and Business, and BS in Electrical and Computer Engineering from National Technical University of Athens.

Courses Recently Taught

BUSFIN 1030 Introduction to Finance

Awards and Honors

  • Gies College of Business Alumni Association Award for Teaching Excellence
  • Paul M. Van Arsdell Sr. Teaching Award in Finance
  • Richard D. and Anne Marie Irwin Fellowship
  • Karl and Louise Schewe Fellowship
  • AFA Travel Grant Award


  • PhD, Finance, University of Illinois, Urbana-Champaign
  • MBA, Business Administration, Athens University of Economics and Business
  • BS, Electrical and Computer Engineering, National Technical University of Athens

Recent Publications

Lagaras Spyridon, “Corporate Takeovers and Labor Restructuring"

Lagaras Spyridon, “The Bank Lending Channel and Corporate Innovation”

Lagaras Spyridon, Jacopo Ponticelli and Margarita Tsoutsoura, “Caught with the Hand in the Cookie Jar: Firm Growth and Labor Reallocation after Exposure of Corrupt Practices”

Lagaras Spyridon and Margarita Tsoutsoura, “Family Control and the Cost of Debt: Evidence from the Great Recession”

Academic Area