Gilberto Loureiro
Associate Professor of Finance (with Habilitation)
University of Minho, School of Economics and Management & NIPE Research Center
PhD in Business Administration (Finance), Ohio State University, 2007.
Master in Management (Finance), University of Minho.
Bsc. in Economics, Faculdade de Economia do Porto.
Teaching
Corporate Finance, Mergers and Acquisitions, Corporate Governance (Bsc., Msc., and Ph.D. courses)
Publications
Loureiro, G., & Mendonça, C. (2024). Do Large Registered Investment Funds undermine shareholder activism? Evidence from Hedge Fund proposals. Journal of Banking & Finance 162, 107157. DOI
Hussain, T,, Kryzanowski, L., Loureiro, G. & Sufyan, M. (2024). Enhancing corporate governance quality through mergers and acquisitions. Journal of International Financial Management & Accounting (Forthcoming). DOI
Hussain, T. & Loureiro, G. (2023). Target industry takeover competition and the wealth effects of mergers and acquisitions: International evidence. Journal of International Financial Markets, Institutions and Money 89, 101865. DOI
Loureiro, G. & Silva, S. (2023). The Wealth Effects of Takeover Bids Regulation in the European Union. European Financial Management 29(3), 692-733. DOI
Liao, R., Loureiro, G., & Taboada, A. (2022). Gender Quotas and Bank Risk. Journal of Financial Intermediation 52, 100998. DOI
Loureiro, G., & Silva, S. (2022). Earnings management and stock price crashes post U.S. cross-delistings. International Review of Financial Analysis 82. DOI
Hussain, T. & Loureiro, G. (2022). Portability of firm corporate governance in mergers and acquisitions. Research in International Business and Finance 63, 101777. DOI
Jin, J., Liao, R. C., & Loureiro, G. (2021). The diverse effects of currency crises on multinational and local firms: The use of foreign currency debt. Journal of Multinational Financial Management 62, 100706. DOI
Loureiro, G. & Silva, S. (2021). The Impact of Securities Regulation on the Information Environment around Stock-Financed Acquisitions. Journal of International Financial Markets, Institutions and Money 73, 101374. DOI
Loureiro, G. & Silva, S. (2020). The impact of cross-delisting from the U.S. On firms’ financial constraints. Journal of Business Research, 108, 132–146. DOI
Loureiro, G., Makhija, A. K. & Zhang, D. (2020). One dollar CEOs. Journal of Business Research, 109, 425–439. DOI
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. DOI
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. DOI
Fauver, L., Loureiro, G., & Taboada, A. G. (2017). The impact of regulation on information quality and performance around seasoned equity offerings: International evidence. Journal of Corporate Finance, 44, 73–98. DOI
Loureiro, G. & Taboada, A. G. (2015). Do Improvements in the Information Environment Enhance Insiders' Ability to Learn from Outsiders? Journal of Accounting Research, 53(4), 863–905. DOI
Loureiro, G. (2013). The impact of hiring a reputable underwriter on the information environment of cross-listed firms. Investment Analysts Journal, 78, 45–64. DOI
Loureiro, G. (2012). Monitoring the board: Should shareholders have direct proxy access? Quantitative Finance, 12(6), 943–950. DOI
Loureiro, G. (2010). The market for ADRs: Does depositary bank reputation matter? Applied Financial Economics, 20(10), 811–825. DOI
Loureiro, G. (2010). The reputation of underwriters: A test of the bonding hypothesis. Journal of Corporate Finance, 16(4), 516–532. DOI
Loureiro, G. & Guedes, J. (2007). Controlling vs. minority shareholders: Is there expropriation? An empirical analysis of the stock price performance of European companies. CESifo DICE Report, 5(1), 16–21. DOI
Guedes, J. C. & Loureiro, G. (2006). Estimating the expropriation of minority shareholders: Results from a new empirical approach. European Journal of Finance, 12(5), 421–448. DOI
Selected working papers
"Business as Usual?: Bank lending under credit relief programs" with Ana Sá (FEP) and Emma Zhao (Bank of Portugal)
"Global Serial Acquirers" with A. Karolyi (Cornell Univ.) and R. Liao (Rutgers Univ.)
"Do Earnouts Create the Right Incentives?: Earnings Management Around Earnout-Based Acquisitions " with P. Coelho (Univ. Minho)
Visiting Appointments
Visiting Researcher, Rutgers University, Fall 2019
Visiting Scholar, Nova SBE, 2014/2015
Visiting Researcher, Rutgers University, Fall/Winter 2010/2011
Visiting Scholar, Ohio Sate University, Summer 2009
Awards
Research Award 2022, Department of Management, University of MInho, School of Economics and Management.
Outstanding Paper in International Finance - SFA Conference 2019.
Best Paper Award - Global Finance Conference 2019.
Best Paper Award - PFN 2016.
Research Award EEG 2016 (ex-aequo), University of Minho, School of Economics and Management.
Research Award 2015, Department of Management, University of Minho, School of Economics and Management.
Research Award 2012, Department of Management, University of Minho, School of Economics and Management.
Research Award EEG 2011, University of Minho, School of Economics and Management.