2015

IX Luso-Brazilian Finance Meeting - Óbidos (Praia d'El Rey)

Venue of the meetingPraia del Rey Marriott Golf and Beach Resort

The Hotel is located 18Km from the village of Obidos, 100 km north of Lisbon. 

The Praia D'El Rey Marriott Golf & Beach Resort is a beautiful 5-star luxury resort hotel located just North of Lisbon on the Western shoreline of Portugal. The hotel consists of 177 deluxe rooms (including 9 luxurious suites as well as PlayStation 2 systems) with breathtaking views of the ocean and the golf course. The 18-hole championship golf course will challenge and entertain any level of golfer. It is ranked #13 of the top 100 courses in Continental Europe by Golf World Magazine. Resort guests will have two restaurants to choose from with cuisine to suit all tastes. The beautiful setting offers a perfect opportunity for luxurious events such as weddings, rehearsal dinners, or corporate events. The sophisticated meeting space is ideal for conferences, business meetings, or elaborate parties.

 

Program

March 27-29, 2015

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 Miguel Gaspar (ESSEC): 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.

 

Friday Evening

 

Short Communications

 

6:00: João Amaro de Matos, Welcome Address

6:10: Andre Castro Silva, "Does money help to rescue the Consumption-CAPM?"

6:20: Diana Bonfim, "The risk-taking channel of monetary policy - exploring all avenues"

6:30: Fernanda Perobelli, “Decisão de investimento e financiamento em mercados imperfeitos: a consideração da estrutura meta e da dívida com risco”

6:40: Gilberto Loureiro, "Country Governance and Serial Acquirers Around the World"

6:50: João Mergulhão e Ricardo Buscariolli, “The illiquidity premium may not be so puzzling high”

7:00: João Pedro Pereira, “The impact of wind generation on the mean and volatility of electricity prices in Portugal”

7:10: João Victor Issler, “Forecasting Multivariate Time Series under Present-Value-Model Short- and Long-run Co-movement Restrictions”

 

7:20-7:35 pm: Coffee Break

 

7:35: Jose Faias, "The Role of Top-Tier Advisors in Mergers and Acquisitions: Some Unpuzzling Evidence"

7:45: Martijn Boons, “Horizon-specific macroeconomic risks and the cross-section of expected returns”

7:55: Melissa Prado, “The geographical location choice of mutual funds”

8:05: Nelson Camanho and Joni Kokkonnen, “The Trade Account Gap and Stock Return Predictability”

8:15: Nuno Fernandes, “Working capital around the world”

8:25: Paulo Rodrigues, “The Role of Volatility Shocks and Rare Events in Long-Run Risk Models”

8:35: Rafael Matta, “Distress Resolution Costs and Bankruptcy Risk: Evidence from CDS Markets”

8:45: Ruy Ribeiro, “Hedging Momentum Risk”

 

Saturday Morning

 

8:30-9:45 am: Financial Market Frictions and Diversification Waves

Rui Silva, Gregor Matvos and Amit Seru

Discussants: João Victor Issler and Claudia Custódio

 

9:45-10:00 am: Coffee Break

 

10:00-11:20 am: Short-Selling Restrictions and Returns: a Natural Experiment

João M.P. De Mello, Marco Bonomo and Lira Mota

Discussants: Martijn Boons and Pedro Saffi

 

11:20 am-12:35 pm: The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration

Miguel Ferreira, Igor Cunha and Manuel Adelino

Discussant: Ruy Ribeiro and Fernando Ferreira

 

Saturday Afternoon

 

4:00-5:15pm: Enlarging the Contracting Space: Collateral Menus, Access to Credit, and Economic Activity

Murillo Campello, Mauricio Larrain

Discussant: Miguel Ferreira and João M.P. De Mello

 

5:15-6:30 pm: A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Lending

Fernando Ferreira, Joseph Gyourko

Discussant: Walter Novaes and Gilberto Loureiro

 

6:30-6:45 pm: Coffee Break

 

6:45-8:00 pm: How does failure spread across broker-dealers and dealer banks?

Jefferson Duarte, Adam Kolasinski

Discussants: Diana Bonfim and Marco Bonomo

 

Sunday Morning

 

8:30-9:45 am: Conflicts of Interest in the Underwriting of IPOs and Price Stabilization

Antonio Gledson de Carvalho, João Amaro de Matos

Discussants: Igor Cunha and Rafael Matta

 

9:45-10:05 am: Coffee Break

 

10:05-11:20 am: CEO Compensation and Real Estate Prices: Are CEOs Paid for Pure Luck?

Claudia Custodio, Ben Bennett and Dragana Cvijanovic

Discussants: João Mergulhão and Nelson Camanho

 

11:20 am-12:35 pm: Institutional Investors in the Equity Lending Market: Implications for Corporate Financial Policies

Pedro Saffi, Murillo Campello

Discussants: Melissa Prado and João Mergulhão