Miguel A. Ferreira
Banco BPI Professor of
Finance
Nova School of Business and Economics
Campus de
Capolide
1099-032 Lisboa -
Portugal
E-mail: miguel.ferreira@novasbe.pt
Phone: +351 213801631
Fax: +351 213870933
Miguel A.
Ferreira holds the Banco BPI Chair in 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 Nova School of Business and Economics, and a Licenciatura in Business from ISCTE. 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 European Research Council (ERC),
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.
Publications
Generalists versus Specialists: Lifetime Work
Experience and CEO Pay
with
Claudia Custodio and Pedro Matos, Journal of Financial Economics (2013),
forthcoming
Data:
General ability
index
Why Are U.S. Firms Using More Short-Term Debt?
with
Claudia Custodio and Luis Laureano, Journal of Financial Economics (2013),
forthcoming
The Determinants of Mutual Fund Performance: A
Cross-Country Study
with
Aneel Keswani, Antonio Miguel and Sofia Ramos, Review of Finance (2013),
forthcoming
Are U.S. CEOs Paid More? New International
Evidence
with
Nuno Fernandes, Pedro Matos and Kevin J. Murphy, Review of Financial Studies 26
(2013), 323-267
Universal Banks and Corporate Control: Evidence
from the Global Syndicated Loan Market
with
Pedro Matos, Review of Financial Studies 25 (2012), 2703-2744
The Flow-Performance Relationship Around the
World
with
Aneel Keswani, Antonio Miguel and Sofia Ramos, Journal of Banking and Finance
36 (2012), 1759-1780
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
Equity Lending, Investment
Restrictions, and Fund Performance
with Richard Evans and Melissa Prado, 2012.
Investor-Stock Decoupling in Mutual
Funds
with Massimo Massa and Pedro Matos, 2012
Board Structure and Capital Structure
with Daniel Ferreira and Beatriz Mariano, 2012.
Does Institutional Ownership Matter for
International Stock Return Comovements?
with José Faias, Pedro Matos and Pedro Santa-Clara, 2012
The Mutual Fund Industry Worldwide:
Explicit and Closet Indexing, Fees, and Performance
with
Martijn Cremers, Pedro Matos and Laura Starks, 2011
What Explains Mutual Fund Performance
Persistence? International Evidence
with
Aneel Keswani, Antonio Miguel and Sofia Ramos, 2011
Lending Relationships and the Effect of
Bank Distress: Evidence from the 2007-2008 Financial Crisis
with
Daniel Carvalho and Pedro Matos, 2011
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
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
Identifying the Characteristics of
Banks Proprietary Trading Style
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, Bachelor in Economics and Management
Risk
Management, Master in Finance