IV Luso-Brazilian Finance Meeting - Évora

March 26-28, 2010

 

Venue of the Meeting: Mar D'Ar Muralhas

THE HOTEL M`AR De AR Muralhas is located right in the historic centre of Évora, a 5 minutes walk from the famous Giraldo Square, hub of this magnificent city and capital of the kingdom during the first years of the XVI century.

With this privileged location the hotel benefits from an ample garden framed by the historic city wall, which gives the area an atmosphere of remarkable beauty, in particular at sunset. The swimming pool also takes advantage of this unique scenario, as well as the bar esplanade where you can enjoy the peace of the Alentejo nights under the natural planetarium above your head.

This surprising hotel offers 85 double rooms and 6 suites, 4 contiguous meeting rooms with movable dividers hosting up to 250 people, and the restaurant "Sabores do Alentejo" where one can taste the local gastronomy under the signature of Chef António Nobre.

The Organizing Committee:

João Amaro de Matos (Nova SBE): This email address is being protected from spambots. You need JavaScript enabled to view it.

José Filipe Correia Guedes (Catolica Lisbon): 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

Friday Evening

 

6:00: Leasing and Financial ratios

Author:  Ana Marques

 

6:10: Money, interest rates, and the cross-section of stock returnsAuthor:

Author: Paulo Maio

 

6:20: Bonding through Auditor Choice in Emerging Markets

Author: Ricardo Reis

 

6:30: Interest Rates in Trade Credit Markets

Author: Walter Novaes

 

6:40: Modelling the volatility of Petrobras' returns using high frequency data

Author: Pedro Valls

 

6:50: Understanding and predicting rankings of financial analysts

Author: Ana Paula Serra, “

 

 

 

Saturday Morning

 

8:30-9:45 am: Incentives to Innovate and the Decision to Go Public or Private

Daniel Ferreira and André Castro Silva (LUBRAFIN paper)

Discussants: Humberto Moreira and Jorge Farinha

 

9:45-10:00 am: Coffee Break

 

10:00-11:20 am: Dynamic Consumption and Portfolio Choice with Ambiguity about Stochastic Volatility

Cláudia Ribeiro

Discussants: Alexandre. Lowenkron and Raquel Gaspar

 

11:20 am-12:35 pm: Do Foreigners Know Better? A Comparison of the Performance of Local and Foreign Mutual Fund Managers

João Pereira

Discussants: Pedro Saffi and Geraldo Cerqueiro

 

Saturday Afternoon

 

4:00-5:15pm: Liquidity Externalities and Buyout Delisting Activity

José-Miguel Gaspar

Discussants: Antonio Gledson de Carvalho and Claudia Custódio

 

5:15-6:30 pm: Tailing Tail Risk in the Hedge Fund Industry

Marcelo Fernandes

Discussants: Pedro Valls and José Ferreira Machado 

 

6:30-6:45 pm: Coffee Break

 

6:45-8:00 pm: Equity Lending Markets and Ownership Structure

Pedro Saffi, Melissa Prado and Jason Sturges (LUBRAFIN paper)

Discussants: Marcelo Medeiros and Gilberto Loureiro

 

Sunday Morning

 

8:30-9:45 am: Price Stabilization in IPOs

Antonio Gledson de Carvalho and João Amaro de Matos (LUBRAFIN paper)

Discussants: Marcio Garcia and Ana Paula Serra

 

9:45-10:05 am: Coffee Break

 

10:05-11:20 am: Corporate Debt Maturity and Real Effects of the 2007 Debt Crisis

Murillo Campello

Discussants: Daniel Ferreira and Miguel Ferreira

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