IX Luso-Brazilian Finance Meeting - Óbidos (Praia d'El Rey)
Venue of the meeting: Praia 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.
March 27-29, 2015
The Organizing Committee:
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”
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
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
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