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Miguel Ferreira
Miguel Ferreira
Professor
Finance
Research Track
Web site
Ciência ID: 0C1F-7692-E246
ORCID ID: 0000-0003-0537-2703
Finance Knowledge Center
Chair: BPI | Fundação “la Caixa” Chair Professor in Responsible Finance

Miguel A. Ferreira holds the BPI | Fundação “la Caixa” Chair in Responsible Finance at Nova School of Business and Economics. He is the Vice-Dean for Faculty and Research at Nova School of Business and Economics. He is also a research associate of the European Corporate Governance Institute (ECGI) and a research fellow of the Centre for Economic Policy Research (CEPR). He has a PhD in Finance from the University of Wisconsin-Madison, a Master in Economics from Nova School of Business and Economics, and a Licenciatura in Business from ISCTE. His research interests include corporate finance and governance. His research has been published in academic journals including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies and Management Science. He is associate editor for the Journal of Banking and Finance. He has been a recipient of several research grants and awards including a European Research Council (ERC) grant. He teaches corporate finance in the undergraduate program. He also has an extensive experience of teaching in executive education programs, consulting, and expert witness.

2000 - Ph.D. in Finance - University of Wisconsin-Madison

1995 - Master in Economics - Universidade Nova de Lisboa

1992 - Bachelor in Business Administration - ISCTE

Corporate finance, Corporate governance, Asset management  

  • Bermejo, Vicente J., Ferreira, Miguel A., Wolfenzon, Daniel, Zambrana, Rafael (2024). How do cash windfalls affect entrepreneurship? Evidence from the Spanish Christmas Lottery. (Accepted/In press) Journal of Financial and Quantitative Analysis.
  • Adelino, Manuel, Ferreira, Miguel A., Giannetti, Mariassunta, Pires, Pedro (2023). Trade credit and the transmission of unconventional monetary policy. Review Of Financial Studies, 36 (2), 775–813.
  • Custódio, Cláudia, Ferreira, Miguel A., Garcia-Appendini, Emilia (2023). Indirect costs of financial distress. Review Of Finance, 27 (6), 2233-2270.
  • Cunha, Igor, Ferreira, Miguel A., Silva, Rui C. (2022). Do credit rating agencies influence elections?. Review Of Finance, 26 (4), 937-969.
  • Demirci, Irem, Ferreira, Miguel A., Matos, Pedro, Sialm, Clemens (2022). How global is your mutual fund? International diversification from multinationals. Review Of Financial Studies, 35 (7), 3337-3372.
  • Albuquerque, Rui, Brandao-Marques, Luis, Ferreira, Miguel A., Matos, Pedro (2019). International corporate governance spillovers: Evidence from cross-border mergers and acquisitions. Review Of Financial Studies, 32 (2), 738-770.
  • Custódio, Cláudia, Ferreira, Miguel A., Matos, Pedro (2019). Do general managerial skills spur innovation?. Management Science, 65 (2), 459-476.
  • Ferreira, Miguel A., Keswani, Aneel, Miguel, António F., Ramos, Sofia B. (2019). What determines fund performance persistence? International evidence. Financial Review, 54 (4), 679-708.
  • Ferreira, Miguel A., Matos, Pedro, Pires, Pedro (2018). Asset management within commercial banking groups: international evidence. The Journal of Finance, 73 (5), 2181-2227.
  • Ferreira, Daniel, Ferreira, Miguel A., Mariano, Beatriz (2018). Creditor control rights and board independence. The Journal of Finance, 73 (5), 2385-2423.
  • Ferreira, Miguel A., Massa, Massimo, Matos, Pedro (2018). Investor-stock decoupling in mutual funds. Management Science, 64 (5), 2144-2163.
  • Adelino, Manuel, Cunha, Igor, Ferreira, Miguel A. (2017). The economic effects of public financing: evidence from municipal bond ratings recalibration. Review Of Financial Studies, 30 (9), 3223-3268.
  • Almeida, Heitor, Cunha, Igor, Ferreira, Miguel A., Restrepo, Felipe (2017). The real effects of credit ratings: the sovereign ceiling channel. The Journal of Finance, 72 (1), 249-290.
  • Bena, Jan, Ferreira, Miguel A., Matos, Pedro, Pires, Pedro (2017). Are foreign investors locusts? The long-term effects of foreign institutional ownership. Journal of Financial Economics, 126 (1), 122-146.
  • Evans, Richard, Ferreira, Miguel A., Prado, Melissa Porras (2017). Fund performance and equity lending: Why lend what you can sell?. Review Of Finance, 21 (3), 1093-1121.
  • Faias, José A., Ferreira, Miguel A. (2017). Does institutional ownership matter for international stock return comovement?. Journal of International Money and Finance, 78, 64-83.
  • Ferreira, Miguel A., Matos, Pedro, Pereira, João Pedro, Pires, Pedro (2017). Do locals know better? A comparison of the performance of local and foreign institutional investors. Journal Of Banking & Finance, 82, 151-164.
  • Brown, David P., Ferreira, Miguel A. (2016). Idiosyncratic volatility of small public firms and entrepreneurial risk. Quarterly Journal of Finance, 6 (01), 1-59.
  • Cremers, Martijn, Ferreira, Miguel A., Matos, Pedro, Starks, Laura (2016). Indexing and active fund management: International evidence. Journal of Financial Economics, 120 (3), 539-560.
  • Ferreira, Miguel A., Laux, Paul (2016). Corporate boards and SEOs: The effect of certification and monitoring. Journal of Financial and Quantitative Analysis, 51 (3), 899-927.
  • Adelino, Manuel, Ferreira, Miguel A. (2016). Bank ratings and lending supply: Evidence from sovereign downgrades. Review Of Financial Studies, 29 (7), 1709-1746.
  • Carvalho, Daniel, Ferreira, Miguel A., Matos, Pedro (2015). Lending relationships and the effect of bank distress: evidence from the 2007-2009 financial crisis. Journal of Financial and Quantitative Analysis, 50 (6), 1165-1197.
  • Custódio, Cláudia, Ferreira, Miguel A., Matos, Pedro (2013). Generalists versus specialists: lifetime work experience and chief executive officer pay. Journal of Financial Economics, 108 (2), 471-492.
  • Custódio, Cláudia, Ferreira, Miguel A., Laureano, Luís (2013). Why are US firms using more short-term debt?. Journal of Financial Economics, 108 (1), 182-212.
  • Fernandes, Nuno, Ferreira, Miguel A., Matos, Pedro, Murphy, Kevin J. (2013). Are U.S. CEOs paid more? New international evidence. Review Of Financial Studies, 26 (2), 323-367.
  • Ferreira, Miguel A., Keswani, Aneel, Miguel, António F., Ramos, Sofia B. (2013). The Determinants of mutual fund performance: a cross-country study. Review Of Finance, 17 (2), 483-525.
  • Ferreira, Miguel A., Keswani, Aneel, Miguel, Antonio F., Ramos, Sofia B. (2012). The flow-performance relationship around the world. Journal of Banking and Finance, 36 (6), 1759-1780.
  • Ferreira, Miguel A., Matos, Pedro (2012). Universal banks and corporate control: evidence from the global syndicated loan market. Review Of Financial Studies, 25 (9), 2703-2744.
  • Aggarwal, Reena, Erel, Isil, Ferreira, Miguel A., Matos, Pedro (2011). Does governance travel around the world? Evidence from institutional investors. Journal of Financial Economics, 100 (1), 154-181.
  • Alves, Paulo F.Pereira, Ferreira, Miguel A. (2011). Capital structure and law around the world. Journal Of Multinational Financial Management, 21 (3), 119-150.
  • Ferreira, Daniel, Ferreira, Miguel A., Raposo, Clara C. (2011). Board structure and price informativeness. Journal of Financial Economics, 99 (3), 523-545.
  • Ferreira, Miguel A., Santa-Clara, Pedro (2011). Forecasting stock market returns: the sum of the parts is more than the whole. Journal of Financial Economics, 100 (3), 514-537.
  • Ferreira, Miguel A., Miguel, Antonio F. (2011). The determinants of domestic and foreign bond bias. Journal Of Multinational Financial Management, 21 (5), 279-300.
  • Ferreira, Miguel A., Gama, Paulo Miguel (2010). Correlation dynamics of global industry portfolios. Journal Of Multinational Financial Management, 20 (1), 35-47.
  • Ferreira, Miguel A., Massa, Massimo, Matos, Pedro (2010). Shareholders at the gate? Institutional investors and cross-border mergers and acquisitions. Review Of Financial Studies, 23 (2), 601-644.
  • Amaro de Matos, João, Ferreira, Miguel A., Matos, Pedro P., Mergulhao, Joao (2009). The network centrality of influential bankers: a new capital structure determinant. SSRN Electronic Journal.
  • Fernandes, Nuno, Ferreira, Miguel A. (2009). Insider trading laws and stock price informativeness. Review Of Financial Studies, 22 (5), 1845-1887.
  • Ferreira, Miguel A., Laux, Paul A. (2009). Portfolio flows, volatility and growth. Journal of International Money and Finance, 28 (2), 271-292.
  • Fernandes, Nuno, Ferreira, Miguel A. (2008). Does international cross-listing improve the information environment. Journal of Financial Economics, 88 (2), 216-244.
  • Ferreira, Miguel A., Matos, Pedro (2008). The colors of investors' money: The role of institutional investors around the world. Journal of Financial Economics, 88 (3), 499-533.
  • Ferreira, Miguel A., Laux, Paul A. (2007). Corporate governance, idiosyncratic risk, and information flow. The Journal of Finance, 62 (2), 951-989.
  • Ferreira, Miguel A., Gama, Paulo M. (2007). Does sovereign debt ratings news spill over to international stock markets?. Journal Of Banking & Finance, 31 (10), 3162-3182.
  • Ferreira, Miguel Almeida, Ferreira, Miguel Ângelo (2006). The importance of industry and country effects in the EMU equity markets. European Financial Management, 12 (3), 341-373.
  • Ferreira, Miguel A., Lopez, Jose A. (2005). Evaluating interest rate covariance models within a value-at-risk framework. Journal of Financial Econometrics, 3 (1), 126-168.
  • Ferreira, Miguel A. (2005). Forecasting the comovements of spot interest rates. Journal of International Money and Finance, 24 (5), 766-792.
  • Ferreira, Miguel A., Gama, Paulo M. (2005). Have world, country, and industry risks changed over time? An investigation of the volatility of developed stock markets. Journal of Financial and Quantitative Analysis, 40 (1), 195-222.
  • Ferreira, Miguel A., Vilela, Antonio S. (2004). Why do firms hold cash? Evidence from EMU countries. European Financial Management, 10 (2), 295-319.
  • Ferreira, Miguel A., Lopes, Marta Cardoso, Queiró, Francisco, Reis, Hugo (2022). Financing entrepreneurship in Portugal. Fundação Francisco Manuel dos Santos.
  • Mota, António Gomes, Barroso, Clementina Dâmaso, Nunes, João Pedro, Oliveira, Luís, Ferreira, Miguel A., Inácio, Pedro Leite (2015). Finanças da empresa: teoria e prática. 5ª Revista e Aumentada ed. Edições Sílabo.
  • Ferreira, Miguel A. (2022). Climate finance. The Palgrave Handbook of ESG and Corporate Governance. Câmara, Paulo, Morais, Filipe (Eds.), Springer International Publishing, 137-147.
  • Ferreira, Miguel A., Gama, Paulo M. (2011). The International Stock Market Impact of Sovereign Debt Ratings News. Sovereign Debt: From Safety to Default. John Wiley and Sons, 361-367.
  • Eça, Afonso, Ferreira, Miguel A., Porras Prado, Melissa, Rizzo, Emanuele (Mar 2021), (SSRN Electronic Journal), How does peer-to-business lending affect financial policy of SMEs?.
  • Eça, Afonso, Ferreira, Miguel A., Porras Prado, Melissa, Rizzo, Emanuel (Dec 2021), (Centre for Economic Policy Research (CEPR), n. DP16684), The real effects of FinTech lending on small and medium-sized enterprises.