[14] The Impact of Financial Education of Executives on Financial Practices of Medium and Large Enterprises, with Daniel Metzger and Diogo Mendes, with Daniel Metzger and Diogo Mendes, 2024, forthcoming, Journal of Finance
link to ssrn: here
VoxDev article: here
efinancial careers article: here
[13] Opiod Crisis and Real Estate Prices, with Dragana Cvijanovic and Moritz Wiedemann, 2025, forthcoming, JFQA
link to ssrn: here
[12] Inventory Decisions Under Political Violence, with Bernardo Mendes and Diogo Mendes, Economic Letters, Volume 247, February 2025, 112158
link to ssrn: here
link to published version: here
The Finreg Blog (Global Financial Markets Center - Duke University School of Law) article: here
[11] Indirect Costs of Financial Distress, with Emilia Garcia-Appendini and Miguel Ferreira. 2023, Review of Finance
link to published version: here
link to ssrn: here
[10] Supporting Small Firms Through Recessions and Recoveries, with Diana Bonfim and Clara Raposo, 2023, Journal of Financial Economics 147 (3): 658-688
link to published version: here
link to ssrn: here
Winner of “Internacionalização da Economia Portuguesa no Pós-Covid-19” - GEE/AICEP Paper Award
– Media mentions:
(In portuguese) Eco - PME reduziram dependência da banca na última década: here
(In Portuguese) Expresso - Bancos ainda são a principal fonte de financiamento das PME, mas têm vindo a perder relevância: here
(In Portuguese) Jornal de negocios - Apoios a pme tem efeito inexpressivo fora de crises: here
[9] Information, Perceptions, and Electoral Behaviour of Young Voters: A Randomised Controlled Experiment, 2023, Electoral Studies 84, with B. Carvalho, B. Geys, D. Mendes, and S. Peralta
link to published version: here
[8] CEO Compensation and Real Estate Prices: Pay for Luck or Pay for Action, with Ana Albuquerque, Benjamin Bennett and Dragana Cvijanovic, 2022, Review of Accounting Studies
link to published version: here
link to ssrn: here
[7] Are CEOs More Likely to Be First-Borns?, 2020, with Stephan Siegel, PLoS ONE 15(6): e0234987
link to published version: here
link to ssrn: here
– Media mentions:
NPR - Hidden Brain: here
Forbes: here
Smallbusiness.com: here
[6] Do General Managerial Skills Spur Innovation? 2019, with Miguel Ferreira and Pedro Matos, Management Science 65(2): 459-476
link to published version: here
link to ssrn: here
– Media mentions
Financial Times: here
Data for General Ability Index from 1993-2012: here (please email for more recent updates)
[5] Financial Expert CEOs: CEO’s Work Experience and Firm’s Financial Policies, 2014, with Daniel Metzger, Journal of Financial Economics 114(1): 125-154
link to published version: here
link to ssrn: here
[4] Mergers and Acquisitions Accounting and the Diversification Discount, 2014, Journal of Finance 69(1): 219-240
link to published version: here
link to ssrn: here
[3] How do CEOs matter? The Effect of Industry Expertise on Acquisition Returns, 2013, with Daniel Metzger, Review of Financial Studies 26(8): 2008-2047
link to published version: here
link to ssrn: here
[2] Generalists vs. Specialists: Lifetime Work Experience and CEO Pay, 2013, with Miguel Ferreira and Pedro Matos, Journal of Financial Economics 108(2): 471-492
– Media mentions: Harvard Business Review (September 2013);
link to published version: here
link to ssrn: here
Data for General Ability Index from 1993-2012: here (please email for more recent updates)
[1] Why are US firms using more short term debt, 2013, with Miguel Ferreira and Luis Laureano, Journal of Financial Economics 108(1): 182-212
link to published version: here
link to ssrn: here
[7] Credit Access and Market Access: Evidence from a Portuguese Credit Guarantee Scheme, 2024, with Bernardo Mendes and Christopher Hansman
Presented at EFA 2024
link to ssrn: here
[6] Information Frictions and Firm Take up of Government Support: A Randomised Controlled Experiment, with Diogo Mendes and Christopher Hansman, under review, Review of Finance
link to ssrn: here
– Media mentions
(In Portuguese) Expresso: here
[5] How Does Climate Change Affect Firm Output? Identifying Supply Effects, with Adrian Lam, Emilia Garcia-Appendini and Miguel Ferreira, 2024, under review, JFQA
Presented at: EFA 2022, 2022 OFR Climate Implications for Financial Stability Conference, UZH Young Researcher Workshop on Climate Finance, SHoF-ECGI Zurich; 2020, Conference on Sustainable Finance and Corporate Governance (Stockholm/Virtual, 2020, The Global Research Alliance for Sustainable Finance and Investment 3rd Annual Conference ; New York/Virtual; 2020;
-Best paper award EFIC Conference 2021, Essex Business School
-Best paper award : European Federation of Financial Analysts ( EFFAS ) Gasperini Award
link to ssrn: here
[4] Conglomerates with Financial Divisions, with Fernando Anjos, Joao Magro and Nuno Fernandes. 2018
( email me for a draft)
[3] How do Firms React to Demand and Productivity Shocks? The Effects of Financial Strength on Price and Markup Responses, with Paulo Brito, Luis Costa and Carlos Santos. 2018
(email me for a draft)
[2] Why do Specialist Managers run Diversified firms?, with Ilona Babenko and Beatriz Mariano. 2018
( email me for a draft)
[1] Cash holdings and Business Conditions, with Clara Raposo and Miguel Ferreira. 2004
link to ssrn: here