Melissa Prado
Melissa Prado
Associate Professor
Finance Knowledge Center

Melissa Prado holds NOVO BANCO Entrepreneurship & Technology Chair. Melissa is an Associate Professor of finance at Nova School of Business and Economics. She has a Ph.D. in Finance from RSM Erasmus University. She currently teaches corporate finance and Real Estate Finance in the graduate program at Nova SBE next to conducting research on investment related topics. A primary theme of her research is to understand how market frictions affect institutional investor trading behavior and asset prices. She published in leading academic journals such as the Journal of Finance, the Review of Financial Studies, Journal of Financial and Quantitative Analysis and the Review of Finance. Her research has been presented at many international conferences, including the AFA and EFA meetings.

Ph.D. in Finance, 2011 - RSM Erasmus University

Master inFinance, 2006 - RSM Erasmus University

InternationalManagement, CEMS, 2005 - RSM Erasmus University

BA in BusinessAdministration, 2004 - RSM Erasmus University


Finance. Institutional Investment and Mutual Funds; Empirical asset pricing; Short Selling and Real Estate.

  • Evans, Richard Burtis, Prado, Melissa Porras, Zambrana, Rafael (2020). Competition and cooperation in mutual fund families. Journal of Financial Economics, 136 (1), 168-188.
  • Boons, Martijn, Prado, Melissa Porras (2019). Basis-momentum. Journal of Finance, 74 (1), 239-279.
  • Huszár, Zsuzsa R., Prado, Melissa Porras (2019). An analysis of over-the-counter and centralized stock lending markets. Journal Of Financial Markets, 43, 31-53.
  • 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.
  • Prado, Melissa Porras, Saffi, Pedro A.C., Sturgess, Jason (2016). Ownership structure, limits to arbitrage, and stock returns: evidence from equity lending markets. Review Of Financial Studies, 29 (12), 3211-3244.
  • Prado, Melissa Porras (2015). Future lending income and security value. Journal of Financial and Quantitative Analysis, 50 (4), 869-902.
  • Brounen, Dirk, Ling, David C., Prado, Melissa Porras (2013). Short sales and fundamental value: explaining the REIT Premium to NAV. Real Estate Economics, 41 (3), 481-516.
  • Brounen, Dirk, Porras Prado, Melissa, Verbeek, Marno (2010). Real Estate in an ALM framework: The case of fair value accounting. Real Estate Economics, 38 (4), 775-804.
  • Evans, Richard B., Porras Prado, Melissa, Rizzo, Antonino Emanuele, Zambrana, Rafael (Feb 2022), 67 p., (SSRN Electronic Journal), The performance of diverse teams: Evidence from U.S. Mutual Funds.
  • Eça, Afonso, Ferreira, Miguel A., Porras Prado, Melissa, Rizzo, Antonino 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.
  • Porras Prado, Melissa, Zambrana, Rafael, Gomez, Juan Pedro(2020), Capital commitment and investment decisions: the role of mutual fund charges.