Finance Seminars

The series of Finance Seminars sponsored by CEMPRE - Centre for Macroeconomic and Forecasting Studies - started in June 2001.

This project aims at promoting/disseminating fundamental and applied research in Finance done by researchers affiliated in Portuguese as well as in foreign universities.

The sessions are targeted at FEP faculty, graduate students in Economics and Management Sciences and alumni. Seminars are also open to the general public, in particular teachers and researchers from other universities as well as to FEP undergraduate advanced students.

The seminars are held on a monthly basis, usually on Thursdays, from 17:30 to 18:30.

In January 2003, CETE – Research Center in Industrial, Labor and Managerial Economics joined CEMPRE in  supporting the Finance Seminars.

Next seminars         

Previous seminars

        Dividend announcements, market expectation and corporate governance

            Erik Theissen (Universitat Bonn)

            Thursday, May 14, 2009, 17:30, Room 631 (EPG)

        On the pricing of Investable securities and the role of implicit barriers

            Francesca Carrieri (McGill University)

            Thursday, April 23, 2009, 17:30, Room 631 (EPG)

        Do Reputational Concerns and Market Competition Lead to Reliable Ratings?

            Beatriz Mariano (Universidad Carlos III de Madrid)

            Thursday, March 26, 2009, 17:30, Room 631 (EPG)

        Securitization, Transparency and Liquidity

            Paolo Volpin (London Business School)

            Thursday, February 19, 2009, 17:30, Room 631 (EPG)

        The FED Model and Expected Asset Returns

            Paulo Maio (Bilkent University)

            Thursday, January 22, 2009, 17:30, Room 631 (EPG)

           Venture Capital and Sequential Investments

            Ulrich Hege (HEC School of Management Paris)

            Thursday, December 4, 2008, 17:30, Room 631 (EPG)

           Dividends and Earnings Quality: The Missing Link?
           Jorge Farinha and José António Moreira

           Thursday, January 10, 2008, 17:30, Sala 260

           The Number of Bank Relationships and the Cost of Borrowing: An Empirical Study
           Diana Bonfim (B.Portugal), Qinglei Dai (UNL), and Francesco Franco (UNL)

           Wednesday, November 28, 2007, 17:30, Sala 260

           The determinants of initial stock repurchases
           Luís Krug Pacheco (Universidade Católica Portuguesa e Centro Regional do Porto)

           Tuesday, October 16, 2007, 17:30, Sala 260

           Do non-listed small and medium size firms use Pecking Order financing?

           Jan Bartholdy and Cesário Mateus

           Thursday, July 19, 17:30, Sala 260

           A Catering Theory of Earnings Management

           Shiva Rajgopal and Laksmanan Shivakumar (London Business School)

           Thursday, June 14, 17:30, Sala do Conselho

           The More, the Merrier: An International Analysis of the Frequency of Dividend Payments

           Stephen Ferris, Gregory Noronha (Milgard School of Business, University of Washington Tacoma) and Emre Unlu

           Thursday, May 17, 17:30, Sala do Conselho

           The Practice of Corporate Finance in an Emerging Market: Preliminary Evidence from the Brazilian Survey

           Cristiane Benetti, Roberto Decourt and Paulo Terra (Universidade Federal do Rio Grande do Sul)

           Thursday, April 19, 17:30, Sala do Conselho

            Deposit Insurance Coverage, Credibility of Non-insurance, and Banking Crises

            Apanard Angkinand and Clas Wihlborg (Copenhagen Business School e University of California, Riverside)

            Thursday, March 29, 17:30, Sala do Conselho

            Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis

            Jay Dahya (City University of New York, Baruch College), Orlin Dimnitrov and John McConnell

            Thursday, January 25, 17:30, Sala do Conselho

            Evidence on the Costs and Benefits of Bond IPOs

            Galina Hale (Federal Reserve Bank of San Francisco) and João Santos (Federal Reserve Bank of New York)

            Thursday, December 7, 17:30, Sala do Conselho

            A Two-Part Regression Model for the Capital Structure Decisions of Micro, Small, Medium, and Large Firms

            Jacinto Vidigal (Universidade de Évora) and Joaquim Ramalho (Universidade de Évora)

            Thursday, November 23, 17:30, Sala do Conselho

            Ex-Dividend Pricing, Taxes and Arbitrage Opportunities: the Case of the Portuguese Stock

            Exchange

            Miguel Sôro (BES)

            Thursday, October 26, 17:30, Sala do Conselho

            What Best Explains the Cross-Section of Stock Returns? Exploring the Asset Growth Effect

            Michael Schill (University of Virginia), 21/9/2006

            Microstructure and Ambiguity?

            David Easley and Maureen O'Hara (Cornell University), 5/6/2006

            "What Fundamental Factors Drive Global Stock Returns?"

            Andrew Karolyi (Fisher College of Business Ohio State University), 27/4/2006

            "Asset Prices Under Short-Sale Constraints

            Jiang Wang (Sloan School of Management, MIT), 23/3/2006

           "Liquidity and The Law of One Price: The Case of the Cash/Futures Basis"

           Avanidhar Subrahmanyam (UCLA), 3/2/2006

          "Transition Models for Credit Ranking Migrations"

          António Monteiro (Free University Amsterdam & Tinbergen Institute), 15/12/2005

          "Liquidity and Market Efficiency"

          Tarun Chordia (Emory University), 24/11/2005

          "Does Sovereign Debt Ratings News Spillover to International Stock Markets? "

          Paulo Gama (Universidade de Coimbra), 3/11/2005

          "Recomendações de Analistas de Casas de Investimento Portuguesas"

          Ruben Barreto (FEP), 22/9/2005. 

"Corporate Governance and Value in Brazil (and in Chile)"

Ricardo P. C. Leal e André L. Carvalhal-da-Silva (COPPEAD, Universidade Federal do Rio de Janeiro), 16/6/2005.

 

"Corporate Governance and Earnings Management in Spain"

Beatriz García Osma (Lancaster University, UK) and Belén Gill de Albornoz Noguer (Universitat Jaume I, Spain), 2/6/2005.

 

"Property Investment Research: an Agenda" 

Andrew Baum (University of Reading), 12 /5/2005.

 

"Is Best Really Better? Internalization in Xetra BEST" 

Erik Thiessen (University of Bonn) e Joachim Grammig (University of Tuebingen), 21/04/2005.

 

"Governance Costs and the Allocation of Inventories Between Suppliers and Customers 

Manuela A. Marques (Universidade Católica Portuguesa) e Gary W. Emery (University of Oklahoma), 21/04/2005.

 

"The Persistence of European Bond Fund Performance: Does Conditioning Information Matter?" 

Florinda Silva (U. Minho), Maria do Céu Cortez  (U. Minho) e Manuel Rocha Armada (U. Minho) 31/03/2005

 

"Do Macro-Financial Variables Matter for European Bank Margins and Profitability?"

Margarida Abreu (ISEG) e Victor Mendes (CMVM)

21/02/2005

 

"Effects Associated with Index Composition Changes: Evidence from the Euronext Lisbon Stock Exchange"

João Duque (ISEG)

 31/01/2005

 

"Self-Interest on Mutual Fund Management: Evidence from the Portuguese Market"

Carlos H. Alves (FEP)

16/12/2004

 

"Option Valuation with Long-run and Short-run Volatility Components" 

Peter F. Christoffersen (McGill University and CIRANO)

25/11/2004

 

"Look at Me Now: The Role of Cross-Listing in Attracting U.S. Investors"

Frank Warnock (Federal Reserve Board  e Darden Graduate School of Business Administration, University of Virginia)

4/11/2004

 

"Debt and Taxes: Evidence from bank financed small and medium sized firms"

Cesário Mateus (The Aarhus School of Business)

28/10/2004

 

"Where is the Market? Evidence from Cross-Listings"

Marco Pagano (University of Naples)

27/09/2004

 

"Investor Protection and Asset Prices"

Rui Albuquerque (Rochester University) 
22/06/2004

"Flows, Performance, and Managerial Incentives in Hedge Funds"
Vikas Agarwal (Georgia State University) 
31/05/2004

"Local Market Integration And Control Rights"
Loriana Pelizzon (University of Padova)
22/04/2004,

"Determinants of Mutual Fund Performance Persistence: A Cross-Sector Analysis"
Aneel Keswani (City Business School)
25/03/2004

"A Model of Geographical and Industrial Diversification"
Sofia B. Ramos (ISCTE)
12/02/2004

"The Conditional Distribution of Real Estate Returns: Are Higher Moments Time Varying?
Kanak Patel (Cambridge)
29/01/2004

"The European Financial Union: a New Approach to Financial Integration"
Paulo Alves (ISCTE e CMVM)
18/12/2003

"Capital Structure Policy and Determinants: Evidence from the Portuguese Banking Industry"
Manuel de Oliveira Marques (FEP) e Mário Coutinho dos Santos (Universidade Católica Portuguesa e Universidade de Aveiro)
14/11/2003

"Sources of Gains from International Portfolio Diversification"
Nuno Fernandes (Universidade Católica Portuguesa)
23/10/2003

"The Determinants of the Choice of Debt Terms in Eurobond Issues"
Rosário Correia (FEP)
5/06/2003

"International Evidence on Financial Derivatives Usage"
Gregory Brown (North Carolina)
5/06/2003

"Changing Names With Style: Mutual Fund Name Changes And Their Effects On Fund Flows" 

Raghavendra Rau  (Krannert Graduate School of Management, Purdue University) 

8/05/2003

 

"An Analysis of Bankruptcy Bargaining in the U.S."  

Maria Carapeto (Cass Business School, City University)

10/04/2003

 

"Real Effects of Equity Market Liberalization" 

Geert Bekaert (Columbia Business School) 

13/03/2003

 

"An Analysis of Shareholder Agreements"

Michel Habib (University of Zurich)

20/02/2002 

"Dividend Policy, Corporate Governance and the Managerial Entrenchment Hypothesis: An Empirical Analysis"
Jorge Farinha (FEP)
12/12/2002

"Are European Corporations Fleecing Minority Shareholders: Results from a New Empirical Approach"
Gilberto Loureiro (UMinho)
14/11/2002

"Evaluating Market Supervision through an Overview of Trading Halts in the Portuguese Stock Market"
João Duque (ISEG)
17/10/2002

"The Cost of Barriers to Entry:
Evidence from the Market for Corporate Euro Bond Underwriting"
João Santos (Federal Reserve Bank of New York)
26/09/2002

"Dealer Liquidity in an Auction Market: Evidence from the London Stock Exchange"
Sylvain Friederich (Bristol)
5/07/2002

"Herding Behavior: Evidence from Portuguese Mutual Funds"
Júlio Lobão (IESF)
20/06/2002

" Building Relationships Early: Banks in Venture Capital"
Thomas Hellmann (Stanford)
9/05/2002

" Mean-Semivariance Behavior (II): The D-CAPM"
Javier Estrada (IESE)
12/04/2002

" The Stock Market Response to Changes in Business Combinations Accounting"  
Henri Servaes (LBS)
11/03/2002

"Evidence of Information Spillovers in the Production of Investment Banking Services "  
William Wilhelm (Oxford)
25/02/2002

"Corporate governance policy and company performance: the Portuguese case "  
Carlos Alves (FEP)
31/01/2002

"Bookbuilding: How Informative is the Order Book?"  
Francesca Cornelli (LBS)
17/12/2001

"Active Agents, Passive Principals: the Role of the Chief Executive in Corporate Strategy Formulation and Implementation"  
Clara Costa Raposo (ISCTE)
12/11/2001

"What is the Function of the Shareholder Meeting?
Evidence from the U.S. Proxy Voting Process"
Ernst Maug (Berlim)
18/10/2001

"Evaluation of Investment Strategies with Options"
Ana Cristina Fernandes (UM)
21/09/2001

"Forecasting Spot Interest Rate Volatility"
Miguel A. Ferreira (ISCTE)
22/06/2001

"Conditional Models and Performance Persistence in Portfolio Performance Evaluations"
Maria do Céu Cortez (UMinho)
01/06/2001

Updated: 13-Jul-2007