Supervision

PhD Students:

1. Fábio Manuel Airosa Verónico, "Economic Resilience: An economic complexity, and Real Options approach", co-supervision with Flávio Pinheiro (ongoing)

2. Sara Cristina da Costa Delgado, "CEO Power and Optimal Corporate Decisions: A Real Options Approach" (ongoing)

3. Miguel de Oliveira Tavares Gärtner, "A Real Options Approach to Venture Capital-Backed Entrepreneurial Financing Decisions"; co-supervision: Elísio Brandão (concluded);

4. João Adelino Ribeiro, "Essays on construction projects valuation under the real options approach"; co-supervision: Elísio Brandão (concluded).

Master Students (concluded):

1. Tomás Peixoto Mendes Uva ,"Case study of M&A processes with application of real options approach" (2025)

2. Duarte Barbosa Moura, "Optimal Land-for-Property Exchange in a Real Options Framework" (2025)

3. Gonçalo Manuel Jacob Xavier de Barros, "Analyzing Mergers and Acquisitions in the Context of Common Ownership" (2024)

4. Lucélia Maria da Silva Graça, "The Real Options Component of Firm Market Value: The Case of US High Tech Companies" (2022)

5. Andreia Lopes Duarte, "Opções Reais: uma alternativa aos método s tradicionais na Avaliação de Projetos. Estudo de Caso de uma empresa do setor Metalúrgico e Metalomecânico" (Relatório de Estágio, 2021)

6. Rita Salomé Alves Duarte, "The entrant's dilemma: a dynamic model to derive the optimal corporate entry strategy" (2020)

7. Daniel Alexandre Silva Moreira Henriques, "How firms bargain takeovers under uncertainty?" (2020)

8. Rui Filipe Pereira Relvas , "The acquisition of a football player as a non cooperative game" (2020)

9. Pedro Miguel Geraldes Mendes, "The influence of debt on the timing of IPO’s: a real options approach" (2020)

10. Pedro Alves Magalhães de Almeida, ``Investment on On-The-Job Training – A Real Options Approach" (2019)

11. Joana Carolina França Rodrigues, ``Are mergers and acquisitions driven by mispricing?" (co-supervision with Miguel Sousa) (2019)

12. Mariana Inês do Vale Lemos, ``Real Options in Human Capital Investments" (2019)

13. Marco Alessandro Leite Pires, ``Optimal Timing, Leverage and Premium in M&As - A Real Options Approach" (2019)

14. José António Monteiro Correia Lacerda, ``Toehold Acquisition as a Staging Real Option" (2019)

15. Bernardo Costa de Oliveira Vieira, ``The IPO Underpricing: Comparison of fintech companies and non-fintech companies" (2019)

16. Nuno Filipe de Almeida Lourenço , ``The Launch of a New Technology: a Real Options Approach" (2019)

17. Fábio Manuel Airosa Verónico , "Corporate Diversification: A Real Options Approach" (2018)

18. Ricardo Jorge Maia Ferreira, "The Venture Capitalist Investment Decision: A Dynamic Real Options Approach" (2018)

19. Tiago Ramos Cardoso , "Port Wine - An alternative investment?" (2018)

20. Bruno Duarte Durães Pinto, “FDI under political risk and competition, a real options approach” (2018)

21. Renato José Calvário Moreira, "Portugal and its Venture Capital Industry - an analysis on the portuguese companies backed-up by Venture Capital" (2018)

22. Nuno da Rocha Borges, "R&D Investment Dynamics Under Optimal Managerial Effort Allocation" (2018);

23. Tiago José Barbosa Marques, "The option to spy: The Firm Behaviour, Global Welfare and Policy Measures" (2017);

24. Tiago Miguel Rodrigues de Sá , "Vilarinho das Furnas - Avaliação de tecnologia inovadora pela perspetiva das opções reais" (2017);

25. Francisco José da Silva Gonçalves, "Option to reveal an R&D Investment" (co-supervision: Pawel Mielcarz) (2016);

26. Miguel António dos Santos Borges, "A dynamic setting for understanding tax evasion" (2016);

27. Diogo de Fontes Moreira, "The Valuation of IPOs in a Privatization context: A real options approach" (2016);

28. Anselmo Manuel Silva Gomes, "Early Stage Biopharmaceutical R&D Financing: A Real Options Approach" (2016);

29. Luís Flávio Costa Rodrigues, "Underpricing as compensation for the uncertainty surrounding the IPO share value" (co-supervision: Miguel Sousa) (2016);

30. Mariana Filipe de Alexandre, "Tracking error of Exchange-Traded Index Funds and their determinants: Evidence from the U.S." (co-supervision: Nelson Areal) (2016);

31. João de Campos Alves Gomes, "Introducing a new High-Tech product considering Market Expansion: A Real Options approach" (2016);

32. Jiguita Manish Kumar, "The risk variable in a sequential investment option: a Real Options approach" (2016);

33. João Paulo Ribeiro Soares, "The equity-holder abandonment option. A comparison between voluntary and involuntary banktuptcy petitions" (2016);

34. Amir Tussupov, "The oil price shocks impact on stock market returns in developed oil-exporting and oil-importing countries" (co-supervision: Natércia Fortuna) (2016);

35. Jorge Miguel Pinho Conde Rodrigues, "Optimal Timing for an IPO with Market Sentiment Uncertainty" (2015);

36. Joana Sofia Sousa Teixeira, "Impact of Troika's intervention on Capital Structure of Irish, Greek and Portuguese Companies" (2015);

37. Rafael José Correia Escarameia, "O papel da relação banco-empresa e da informação informal na decisão de concessão de crédito a pequenas e médias empresas portuguesas" (2015);

38. Hoa Quynh Nga Nhu, "The valuation of the buyback option in football contracts" (2015);

39. Kumar Pratik Ashok, "A Two-Factor Uncertainty Model to Determine the Optimal Timing for an Incumbent Manager to Venture as an Entrepreneur" (2015);

40. Diogo Correia, "A Renegociação das Parcerias Público-Privadas no Setor Rodoviário: A opção de extensão das subconcessões" (2014);

41. Filipa Ferreira, "A Consistência entre Mercado de Opções e o Mercado à Vista de Londres" (2014);

42. José Diogo Ferreira, "Optimal Timing for an IPO with Market Sentiment" (2014);

43. Lassana Dafé, "Impact of the Financial Crisis on Dividend Payout: Evidence from portuguese market" (2014);

44. André Carvalho, "Avaliação de Direitos Desportivos segundo a Teoria das Opções Reais"  (2013);

45. Hugo Fernandes, "Real Options in Determining the Optimal Timing to Introduce a Technological Product" (2013);

46. Manuel Loureiro, "Portfolios of Real Options: Capacity Expansion in Transmission Networks" (co-supervision: João Claro)  (2013);

47. Sara Delgado, "Opções Reais na Avaliação de Projectos de IDE - um estudo de caso" (2013);

48. André Monteiro, "Opções Reais no Futebol: Da Opção de Expansão à (Re)Negociação de Contratos com Cláusula de Rescisão" (2012);

49. Diogo Barbosa, "The interaction between firms and Government in the context of investment decisions: a real options approach" (co-supervision: Vítor Carvalho)  (2012);

50. Dora Ribeiro, "Incentivos ao Investimento em Energia Eólica: A Perspectiva das Opções Reais" (2012);

51. Fábio Rodrigues, "A Avaliação da Flexibilidade nos Contratos de Franchising" (2012);

52. Ivo Couto, "Os determinantes do Corporate Cash Holdings: Um estudo da realidade portuguesa" (2012);

53. Nuno Monteiro, "Bid or buy it now: uma abordagem das opções reais" (2012);

54. Inês Monteiro, "Avaliação de um Projecto de Extracção de Recursos Naturais pelo Método das Opções Reais - Estudo de Caso" (2011);

55. Marco Araújo, "Flexibility in the Deployment of Next Generation Nextwoks in Portugal" (2011);

56. David Cardoso, "Contributions on Real Options Agency Theory" (2011).