Miguel A. Ferreira
BPI Professor of Finance
NOVA School of Business and Economics
Faculdade de Economia
Campus de
Capolide
1099-032 Lisboa -
Portugal
E-mail: miguel.ferreira@novasbe.pt
Phone: +351
213801631
Fax: +351
213870933
Miguel
A. Ferreira is the BPI Professor of Finance at Nova School of Business and
Economics. He has a PhD in Finance from the University of Wisconsin-Madison, a
Master in Economics from Universidade Nova de Lisboa, and a BA in Business from ISCTE Business School.
His research interests include international investments, institutional investors,
and corporate governance. His research has been published in academic journals
including the Journal of Finance, Journal of Financial Economics, Journal of
Financial and Quantitative Analysis, and Review of Financial Studies. He has
been a recipient of research grants from the FDIC, INQUIRE, Bank of Portugal
and FCT. He currently teaches Corporate Finance and Risk Management at the
undergraduate and graduate level and also has an extensive experience of
teaching in executive education programs. He has also been a consultant to
multinational companies, investment banks, and government agencies. Prior to
joining Nova School of Business and Economics, he was an Associate Professor
and chair of the Department of Finance at ISCTE Business School.
Publications
Universal Banks and Corporate Control: Evidence
from the Global Syndicated Loan Market
with Pedro Matos, Review of Financial
Studies (2012), forthcoming
The Determinants of Mutual Fund Performance: A
Cross-Country Study
with Aneel Keswani, Antonio Miguel and Sofia Ramos, Review of Finance
(2012), forthcoming
The Flow-Performance Relationship Around the World
with Aneel Keswani, Antonio Miguel and Sofia Ramos, Journal of Banking
and Finance (2012), forthcoming
Forecasting Stock Market Returns: The
Sum of the Parts is More than the Whole
with Pedro Santa-Clara, Journal of
Financial Economics 100 (2011), 514-537
Does Governance Travel Around the World? Evidence
from Institutional Investors
with Reena Aggarwal, Isil Erel and Pedro Matos, Journal of Financial Economics 100
(2011), 154-181
Best Paper Award, China International
Conference in Finance 2010
Data:
International corporate
governance index
Board Structure and Price Informativeness
with Daniel Ferreira and Clara Raposo, Journal of Financial Economics 99 (2011), 523-545
Egon
Zehnder 2008 Best Paper Prize, ECGI
The Determinants of Domestic and Foreign Bond
Bias
with Antonio Miguel, Journal of
Multinational Financial Management 21 (2011), 279-300
Capital Structure and Law Around
the World
with Paulo Alves,
Journal of Multinational Financial Management 21 (2011), 119-150
Shareholders at the Gate: Institutional
Investors and Cross-Border Mergers and Acquisitions
with Massimo Massa and Pedro Matos, Review
of Financial Studies 23 (2010), 601-644
Correlation Dynamics of Global Industry Portfolios
with Paulo Gama, Journal of Multinational
Financial Management 20 (2010), 35-47
Insider Trading Laws and Stock Price Informativeness
with Nuno Fernandes, Review of Financial Studies 22 (2009), 1845-1877
Portfolio Flows, Volatility, and Growth
with Paul Laux,
Journal of International Money and Finance 28 (2009), 271-292
The Colors of Institutions’ Money: The Role of
Institutional Investors Around the World
with Pedro Matos, Journal of Financial
Economics 88 (2008), 499-533
Does International Cross-listing Improve
the Information Environment
with Nuno Fernandes, Journal of Financial Economics 88 (2008),
216-244
Does Sovereign Debt Ratings News Spillover to
International Stock Markets?
with Paulo Gama, Journal of Banking and
Finance 31 (2007), 3162-3182
Corporate Governance, Idiosyncratic Risk, and
Information Flow
with Paul Laux,
Journal of Finance 62 (2007), 951-989
The Importance of Industry and Country Effects in
the EMU Equity Markets
with Miguel Angelo Ferreira, European Financial
Management 12 (2006), 341-373
Evaluating Interest Rate Covariance Models within a
Value-at-Risk Framework
with Jose Lopez, Journal of Financial
Econometrics 3 (2005), 126-168
with Paulo Gama, Journal of Financial and
Quantitative Analysis 40 (2005), 195-222
Forecasting the Comovements
of Spot Interest Rates
Journal
of International Money and Finance 24 (2005), 766-792
Why Do Firms Hold Cash? Evidence from EMU Countries
with Antonio Vilela,
European Financial Management 10 (2004), 295-319
Working Papers
The Mutual Fund Industry Worldwide:
Explicit and Closet Indexing, Fees, and Performance
with Martijn Cremers, Pedro Matos and Laura Starks, 2011
Does Institutional Ownership Matter for
International Stock Return Comovements?
with José Faias, Pedro Matos and Pedro Santa-Clara, 2011
What Explains Mutual Fund Performance
Persistence? International Evidence
with Aneel Keswani, Antonio Miguel and Sofia Ramos, 2010
Lending Relationships and the Effect of
Bank Distress: Evidence from the 2007-2008 Financial Crisis
with Daniel Carvalho
and Pedro Matos, 2010
Generalists versus Specialists:
Lifetime Work Experience and CEO Pay
with Claudia Custodio
and Pedro Matos, 2010
The Declining Corporate Debt Maturity:
The Impact of Asymmetric Information and New Listings
with Claudia Custodio
and Luis Laureano, 2010
The Geography of Mutual Funds: The
Advantage of Having Distant Investors
with Massimo Massa and Pedro Matos, 2010
Dividend Clienteles Around
the World: Evidence from Institutional Holdings
with Massimo Massa and Pedro Matos, 2009
Do Foreigners Know Better? A Comparison
of the Performance of Local and Foreign Mutual Fund Managers
with Pedro Matos and Joao Pereira, 2009
Mutual Fund Industry Competition and Concentration:
International Evidence
with Sofia Ramos, 2009
Are U.S. CEOs Paid More? New
International Evidence
with Nuno Fernandes, Pedro Matos and Kevin J. Murphy,
2008
Opacity and Executive Compensation
with Paul Laux
and Garen Markarian, 2008
Corporate Boards and SEOs: The Effect
of Certification and Monitoring
with Paul Laux,
2008
How Do Banks Manage Interest Rate Risk:
Hedge or Bet?
with Luis Pinheiro,
2008
The Evolution of Earnings Management and
Firm Valuation: A Cross-Country Analysis
with Nuno Fernandes, 2007
Home Equity Bias and Industry
Concentration
with Antonio Miguel, 2007
Idiosyncratic Risk of Small Public Firms
and Entrepreneurial Risk
with David P. Brown, 2005
Cash Holdings and Business Conditions
with Claudia Custodio
and Clara Raposo, 2004
Timing and Holding Periods for Common
Stocks: A Duration-based Analysis
with Jorge Dias, 2004
Beyond Coherence and Extreme Losses:
Root Lower Partial Moment as a Risk Measure
with Antonio Barbosa, 2004
with Carlos Goncalves,
2004
Forecasting Spot Interest Rate
Volatility
2002
Testing Models of the Spot Interest Rate
Volatility
2001
Teaching
Corporate
Finance, BA in Economics and Management
Risk
Management, Master in Finance