Research

Research interests: Real options. Option valuation. M&A. Management compensation.

Researcher id — SSRN  —  ORCID — Google Scholar

Publications:

1. Lukas, E., Pereira, P. J., Rodrigues, A. (2023). On the determinants of the dynamic choice between mergers and tender offers. Journal of Corporate Finance 83: 102489. DOI: https://doi.org/10.1016/j.jcorpfin.2023.102489

2. Barbosa, L., Rodrigues, A., & Sardinha, A. (2022). Optimal price subsidies under uncertainty. European Journal of Operational Research, 303(1), 471-479. http://dx.doi.org/10.1016/j.ejor.2022.02.024

3. Paxson, D., Pereira, P. J., & Rodrigues, A. (2022). Investment timing, capacity choice and optimal floors and ceilings. Journal of Economic Dynamics and Control 139, 104430. DOI: https://doi.org/10.1016/j.jedc.2022.104430

4. Azevedo, A., Pereira, P. J., & Rodrigues, A. (2021). Optimal timing and capacity choice with taxes and subsidies under uncertainty. Omega, 102, 102312. http://dx.doi.org/10.1016/j.omega.2020.102312

5. Lacerda, J., Pereira, P. J., & Rodrigues, A. (2021). Toehold acquisitions as option games. Economics Letters, 209, 110093. http://dx.doi.org/10.1016/j.econlet.2021.110093

6. Barbosa, L., Nunes, C., Rodrigues, A., & Sardinha, A. (2020). Feed-in tariff contract schemes and regulatory uncertainty. European Journal of Operational Research, 287(1), 331–347. http://dx.doi.org/10.1016/j.ejor.2020.04.054

7. Adkins, R., Paxson, D., Pereira, P. J., & Rodrigues, A. (2019) Investment Decisions with Finite-Lived Collars. Journal of Economic Dynamics and Control 103, 185-204. DOI: https://doi.org/10.1016/j.jedc.2019.04.008

8. Azevedo, A., Pereira, P. J., & Rodrigues, A. (2019). Foreign Direct Investment with Tax Holidays and Policy Uncertainty. International Journal of Finance and Economics,  24(2), 727–739. DOI: https://doi.org/10.1002/ijfe.1688

9. Lukas, E., Pereira, P. J., & Rodrigues, A. (2019) Designing Optimal M&A Strategies under Uncertainty. Journal of Economic Dynamics and Control, 104, 1-20. https://doi.org/10.1016/j.jedc.2019.04.006

10. Pereira, P. J., & Rodrigues, A (2019). Investing in a Random Start American Option Under Competition. Finance Research Letters, 28, 388-397. DOI: https://doi.org/10.1016/j.frl.2018.06.013

11. Pereira, P. J., & Rodrigues, A. (2019). Bargaining merger terms and the effect on the announcement returns. International Review of Economics and Finance, 59, 510-521. DOI: https://doi.org/10.1016/j.iref.2018.10.015

12. Barbosa, L., Ferrão, P., Rodrigues, A., & Sardinha, A. (2018). Feed-in Tariffs with Minimum Price Guarantees and Regulatory Uncertainty. Energy Economics, 72, 517-541. DOI: https://doi.org/10.1016/j.eneco.2018.04.028

13. Azevedo, A., Pereira, P. J., & Rodrigues, A. (2018). Non-compete covenants, litigation and garden leaves. Journal of Business Research, 88, 197–211. DOI: http://dx.doi.org/10.1016/j.jbusres.2018.03.020

14. Azevedo, A., Pereira, P. J., & Rodrigues, A. (2016). Non-Competition Covenants in Acquisition Deals. Economics Letters, 143, 61-65. DOI: http://dx.doi.org/10.1016/j.econlet.2016.03.025

15. Areal, N., & Rodrigues, A. (2014). Discrete dividends and the FTSE-100 index options valuation. Quantitative Finance 14(10), 1765-1784. DOI: http://dx.doi.org/10.1080/14697688.2011.618457

16. Pereira, P. J., & Rodrigues, A. (2014). Investment Decisions in Finite-lived Monopolies. Journal of Economic Dynamics and Control 46, 219-236. DOI: http://dx.doi.org/10.1016/j.jedc.2014.07.003

17. Areal, N., & Rodrigues, A. (2013). Fast trees for options with discrete dividends. Journal of Derivatives 21(1), 49-63. DOI: http://dx.doi.org/10.3905/jod.2013.21.1.049

18. Armada, M. R., Pereira, P. J., & Rodrigues, A. (2013). Optimal investment with two-factor uncertainty. Mathematics and Financial Economics 7(4), 509-530. DOI: http://dx.doi.org/10.1007/s11579-013-0101-1

19. Armada, M. R., Pereira, P. J., & Rodrigues, A. (2012). Optimal subsidies and guarantees in public-private partnerships. European Journal of Finance 18(5), 469-495. DOI: http://dx.doi.org/10.1080/1351847X.2011.639789

20. Areal, N., & Rodrigues, A. (2010). On the dangers of a simplistic American option simulation valuation method. European Journal of Finance 16(4), 373-379. DOI: http://dx.doi.org/10.1080/13518470903314428

21. Areal, N., Rodrigues, A., & Armada, M. R. (2008). On improving the least squares Monte Carlo option valuation method. Review of Derivatives Research 11(1-2), 119-151. DOI: http://dx.doi.org/10.1007/s11147-008-9026-x

22. Portela, M., Areal, N., Sá, C., Alexandre, F., Cerejeira, J., Carvalho, A., & Rodrigues, A. (2008). Evaluating student allocation in the Portuguese public higher education system. Higher Education 56(2), 185–203. DOI: http://dx.doi.org/10.1007/s10734-007-9097-x

23. Rodrigues, A., & Armada, M. J. R. (2007). The Valuation of Modular Projects: a Real Options Approach to the Value of Splitting. Global Finance Journal 18(2), 205–227. DOI: http://dx.doi.org/10.1016/j.gfj.2006.10.002