Social Equity Initiative

Fostering research and education on the role of finance in society

Chair in Responsible Finance

The BPI | Fundação “la Caixa” Chair in Responsible Finance aims to develop research and education on the important role that finance plays in societal progress and how a competitive and inclusive financial system can contribute to economic development.

The Chair's main goal is to produce research with high-quality research to be presented at top conferences, schools, regulators, and institutions worldwide and to be published in top academic journals.

 

Key topics:
Role of finance in society
- Corporate governance, stakeholders vs. shareholders, and value creation
- Long-term investment in human capital and innovation
- Role of government and financial system on firm creation and growth
- Climate change and finance
- Socially Responsible Investing (SRI)

Miguel Ferreira
BPI | Fundação “la Caixa” Chair in Responsible Finance
Academic Director of Faculty and Research & President of the Scientific Council

Research

  • The Economic Costs of Climate Change – Working Paper - available soon [presented at the University of Zurich UZH-Young Researcher Workshop on Climate Finance; Columbia University-Global Research Alliance for Sustainable Finance (GRASFI) Conference].
  • Trade Credit and the Transmission of Unconventional Monetary Policy – Working Paper (presented at the European Finance Association Annual Meeting and the European Central Bank)
  • Which Entrepreneurs Are Financially Constrained? – Working Paper (presented at INSEAD, Tsinghua University, Shangai Institute of Advanced Finance. European University Institute, and the University of Naples)
  • How Do Firms Respond to Demand Shocks? Evidence from the European Sovereign Debt Crisis – Working paper (presented at Banco de Portugal)
  • Collateral Value and Entrepreneurship: Evidence from a Property Tax Reform – Working paper [presented at Eastern Economic Association (NY), the AREUEA (Bocconi), at the Workshop on Spatial Dimensions of the Labour Market (Aix-Marseille), IIPF (Glasgow), the European Economic Association, and the American Economic Association]
  • Entrepreneurship and Regional Windfall Gains: Evidence from the Spanish Christmas Lottery – Working Paper [presented during the Annual Conference in Financial Economic Research-IDC Herzliya, at the Econometric Society European Winter Meeting, the European Finance Association Annual Meeting, the Financial Intermediation Research Society Conference, the Mitsui Symposium on Comparative Corporate Governance and Globalization, the Northern Finance Association Conference, the Simposio de la Asociacion Espanola de Economia (SAEe), the Spanish Finance Forum; CEMFI, ESADE, HEC, London Business School, the Pompeu Fabra University, the University of Alicante, the University of Vienna, and the University of Zurich]
  • The Economic Costs of Financial Distress – Working Paper (presented at the European Finance Association, the HEC-Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy, Aalto University, HEC Paris, King’s College London, Università Cattolica del Sacro Cuore, University of Bristol, University of Cambridge, and the University of Zurich)
  • Can Credit Rating Agencies Affect Election Outcomes? – Working Paper (presented at the European Finance Association Annual Meeting, at the University of Washington Summer Finance Conference, at the Carnegie Mellon Conference on the Economics of Credit Rating Agencies, the Annual Conference on Taxation, the Annual HEC Paris Workshop, the Copenhagen Business School Conference on Financial Frictions, the Portuguese Economic Journal Annual Meeting, Portuguese Finance Network Conference, Koc University, London Business School, Stockholm School of Economics, Universidade de São Paulo, the University of Delaware, the University of Kentucky, and the University of Melbourne)

Education

This program will enable you to develop solid knowledge, analytical and problem-solving competencies in the financial area. You can choose to focus your studies in Portugal, but there’s also the opportunity to learn across borders and do business through our international tracks. 

Learn more.

This postgraduate program aims to provide highly motivated participants with high-quality, up-to-date training in the areas of corporate finance and financial investments. 

Learn more.

How will FinTech impact financial services and society?

FinTech Initiative

The Fintech Initiative is conducted by the Nova SBE Finance Knowledge Center. This initiative aims to develop research and education on how FinTech is going to change the financial services industry, such as commercial banking, investment banking, and asset management. It also aims to promote and disseminate research and knowledge of FinTech in Society, namely its impact on financial literacy and inclusion.

Key topics:
- E-money, mobile money products, and the use of technology to increase the efficiency of market infrastructures
- Using transaction data and social network data to improve credit appraisals and access to credit
- How to automate and disseminate affordable investment advice using technology
- Deposits, lending, and capital raising (crowdfunding, peer to peer lending, micro-credit, and internet-only banks

 

Activities:
The Fintech initiative includes activities such as the development of research and training programs in Fintech, including the use of information and technology in the finance industry to improve the efficiency of payment systems, deposits, and credit for companies/individuals as well as asset management. This project will produce an annual published public report on the Iberian Fintech industry and emerging markets.

- Paper “How Does Peer-to-Business Lending Affect Financial Policy of SMEs?”  - available here
- FinTech Report – available here
- Work Project –  Master's Thesis - Intelligent mobility and the creation of an eWallet
- Work Project – Master's Thesis - Impact Venture Capital: An Evaluation of the Status Quo and Future Development
- Work Project –  Master's Thesis - INITIAL COIN OFFERING: Effective instrument for startups or speculation?“
- Master's course in Finance - Fintech ventures (Feb-May 2019)

Afonso Eça
Assistant Professor (Adjunct)
FinTech Report 2020

FinTech Report 2020

FinTech refers to Financial Technology companies, particularly businesses that use technology to provide products or solutions in Finance. The main goal of this report is to depict the Iberian FinTech environment.