Assistant Professor with Habilitation in Management (Finance) at the School of Economics, Management and Political Science, University of Minho.
Full Member at NIPE - Centre for Research in Economics and Management
Areas of interest: Behavioral Finance, Experimental Finance, Markets and Investments, Investor behavior, Choice Architecture, Nuding, Sustainable and Responsible Finance, Financial Literacy and Financial Inclusion, Crowdfunding.
Behavioral Finance, Corporate Finance, Finance in Health Organizations, Financial Literacy, Seminar in Management (Bsc., Msc., and Ph.D. courses)
Leal, C. C., & Oliveira, B. (2025). The ethics of digital nudging. In Ethics in Management and Business (pp. 53–80). Springer. https://doi.org/10.1007/978-3-031-82054-0_3
Leal, C. C., & Pereira, M. H. (2025). Determinants of Financial Literacy: The Role of Behavioral Biases, Experience, and Sociodemographic Factors. Portuguese Journal of Finance, Management and Accounting, 11(22). http://u3isjournal.isvouga.pt/index.php/PJFMA/article/view/1146
Muneer, S., Leal, C. C., & Oliveira, B. (2025). Analyzing Volatility Patterns of Bitcoin Using the GARCH Family Models. Operations Research Forum, 6(2), 76. https://doi.org/10.1007/s43069-025-00482-5
Muneer, S., Leal, C.C. & Oliveira, B. (2025). Renewable energy investments and government policies in Saudi Arabia for economic diversification and carbon emission reduction. Discover Sustainability, 6, 1362 https://doi.org/10.1007/s43621-025-02261-y
Oliveira, B., & Leal, C. C. (2025). Artificial intelligence in finance: Applications and challenges. In Challenges and Opportunities in Artificial Intelligence Era. Springer. https://doi.org/10.1007/978-3-031-85272-5_6
Santos, D. B., Leal, C. C. & Oliveira Filho, B. G. (2025). Determinants of the persistence of informal credit in Brazil. Consumer Behavior Review, 9(1), e-263017. https://doi.org/10.51359/2526-7884.2025.263017
Trancoso, M., & Leal, C. C. (2025). Contagious Investor Sentiment: Is the Portuguese Stock Market Influenced by US Market Sentiment?. Portuguese Journal of Finance, Management and Accounting, 11(21). http://u3isjournal.isvouga.pt/index.php/PJFMA/article/view/1055
Leal, C. C., & Oliveira, B. (2024). Nudging financial behavior in the age of artificial intelligence. Artificial Intelligence in Production Engineering and Management (pp. 115–144). Oxford: Elsevier. ISBN 9780128194713. https://doi.org/10.1016/B978-0-12-819471-3.00002-1
Mendes-Da-Silva, W., Felipe, I. J., Leal, C. C., & Aguiar, M. O. (2024). How the tone of mass media news affects pledge amounts in reward crowdfunding campaigns. Journal of Small Business Management, 62(1), 254–282. https://doi.org/10.1080/00472778.2022.2041198
Oliveira, B., & Leal, C. C. (2024). Leading the way toward a sustainable future: The role of sustainable finance and environmental, social, and governance investing. Circular Economy and Manufacturing (pp. 53–82). Oxford: Elsevier. ISBN 9780443140280. https://doi.org/10.1016/B978-0-443-14028-0.00010-4
Caria, A., Leal, C., Machado, C., Oliveira, B., & Oliveira, L. (2022). Sustainability in Portuguese higher education institutions. Higher Education for Sustainable Development Goals (pp. 43–81). Aalborg: River Publishers. ISBN 9781003333036. https://doi.org/10.1201/9781003333036
Felipe, I. J., Mendes-Da-Silva, W., Leal, C. C., & Santos, D. B. (2022). Reward crowdfunding campaigns: Time-to-success analysis. Journal of Business Research, 138, 214–228. https://doi.org/10.1016/j.jbusres.2021.09.004
Leal, C. C., Branco-Illodo, I., Oliveira, B. M. N., & Esteban-Salvador, L. (2022). Nudging and choice architecture: Perspectives and challenges. Journal of Contemporary Administration, 26(5 Special Issue), e220098. https://doi.org/10.1590/1982-7849rac2022220098.en
Leal, C. C., & Oliveira, B. (2021). Choice architecture: Nudging for sustainable behavior. Sustainable Management for Managers and Engineers (pp. 1–17). Hoboken, NJ: John Wiley & Sons. ISBN 9781786304391. https://doi.org/10.1002/9781119804345.ch1
Mendes-Da-Silva, W., & Leal, C. C. (2020). Salami science in the age of open data: Déjà lu and accountability in management and business research. Journal of Contemporary Administration, 25(1), e200194. https://doi.org/10.1590/1982-7849rac2021200194
Oliveira, B., & Leal, C. C. (2019). Avaliação financeira de projetos de investimento. MBA para Gestores e Engenheiros (pp. 443–500). Lisboa: Sílabo. ISBN 9789895610075.
Leal, C. C., Armada, M. J. R., & Loureiro, G. (2018). Individual investors repurchasing behaviour: Evidence from the Portuguese stock market. European Journal of Finance, 24(11), 976–999. https://doi.org/10.1080/1351847X.2017.1368681
Leal, C. C., Loureiro, G., & Armada, M. J. R. (2018). Selling winners, buying losers: Mental decision rules of individual investors on their holdings. European Financial Management, 24(3), 362–386. https://doi.org/10.1111/eufm.12145
Leal, C. C., Armada, M. J. R., & Duque, J. C. (2010). Are all individual investors equally prone to the disposition effect all the time? New evidence from a small market. Frontiers in Finance and Economics, 7(2), 38–68. http://dx.doi.org/10.2139/ssrn.1024763 — PDF
