2008
II Luso-Brazilian Finance Meeting - Funchal
March 1-2, 2008
Venue of the Meeting: Pestana Casino Park
This hotel in Madeira is surrounded by 15,000 m2 of private gardens, where there is an abundance of open-air green spaces, century-old trees and typical plants of the island.
All the buildings of this 5-star hotel were designed by the Brazilian architect Oscar Niemeyer, considered to be one of the masters of design and modern construction, who was part of the team that designed the city of Brasilia. The space and the integration of natural light are the principal characteristics of this magnificent example of modern art.
With the sea at its feet, the Pestana Casino Park Hotel is one of the most fabulous hotels in Madeira. Here you will have the opportunity to make use of a series of services and activities available for all tastes, and soon after you arrive you will be able to relax with the family outdoors, where you will find a swimming pool and luxuriant gardens.
The Organizing Committee:
João Amaro de Matos (Nova SBE): This email address is being protected from spambots. You need JavaScript enabled to view it.
Jorge Farinha (Faculdade de Economia - Universidade do Porto): This email address is being protected from spambots. You need JavaScript enabled to view it.
Marco Bonomo (INSPER): This email address is being protected from spambots. You need JavaScript enabled to view it.
Walter Novaes (PUC-Rio): This email address is being protected from spambots. You need JavaScript enabled to view it.
Program
Saturday Morning
Short Communications Session
8:20 - A Monte Carlo Method for the Normal Inverse Gaussian Option Valuation Model using an Inverse Gaussian Bridge
Author: Cláudia Ribeiro
8:30 - On Recovery and Intensity’s Correlation – A New Class of Credit Risk Models
Author: Raquel Gaspar
8:40 - American Derivatives in Dry Markets
Author: Ana Lacerda
8:50 - Trade Credit Linkages along a Supply Chain: Evidence for the Italian Textile sector”
Author: Jose Filipe Correa Guedes & Cesario Mateus
9:00 - Managerial Ability and Capital Flows
Author: André Castro Silva
9:10 - Does Performance Explain Mutual Fund Flowsin Small Markets? The case of Portugal
Author: Carlos Ferreira Alves
9:20 - Dividends and Earnings Quality: The Missing Link?
Author: Jorge Farinha
9:30 – 9:45 am:Coffee Break
Saturday Morning
9:45-10:55 am: Price Efficiency and Short Selling
Pedro Saffi and Kari Sigurdson
Discussants: João Duque and Alexandre Lowenkron
10:55-12:05 am: Crashes, Volatility, and the Equity Premium: Lessons from S&P500 Options
Pedro Santa-Clara and Shu Yan
Discussants: Marcelo Fernandes and João Cocco
12:05 – 12:20 pm:Coffee Break
12:20-1:30pm: Informational Spillovers in the pre-1914 London Sovereign Debt
João Mello, Marcelo Abreu and Antonio Sodré
Discussants: Cesario Mateus and Ana Beatriz Galvão
Saturday Afternoon
4:00-5:10pm: The number of bank relationships and the cost of borrowing. An empirical study
Francesco Franco, Diana Bonfim, and Qinglei Dai
Discussant: António Gledson de Carvalho and Jorge Farinha
5:10-6:20 pm:Races to the top and bottom among stock exchanges: Unlikely but not impossible
Walter Novaes and Marcio Janot
Discussant: Jose Filipe Correa Guedes and Pedro Saffi
6:20-7:30 pm:When Banks are Insiders: Evidence from the Global Syndicated Loan Market
Miguel A. Ferreira and Pedro Matos
Discussants: João Mello and Qingley Dai
Sunday Morning
8:30-9:40 am: Board Structure and Price Informativeness
Clara Raposo, Daniel Ferreira, and Miguel Ferreira (LUBRAFIN paper)
Discussants: José-Miguel Gaspar and Walter Novaes
9:40-10:50 am: A Term Structure Model for Defaultable Bonds with Macro and Latent Variables
Alexandre Lowenkron and Marco Bonomo
Discussants: André Castro Silva and Marcio Garcia
10:50 – 11:05 pm:Coffee Break
11:05-12:15 am: Power Plays: Intra-Firm Corporate Connections and Firm Value
José-Miguel Gaspar and Massimo Massa
Discussants: Daniel Ferreira and Nuno Fernandes
Zapatillas de baloncesto Nik