Melissa Porras Prado is a Full Professor of Finance at Nova School of Business and Economics. She has a Ph.D. in Finance from RSM Erasmus University. A primary theme of her research is to understand how market frictions affect institutional investor trading behaviour and asset prices. She published in leading academic journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies among others. Her research has been presented at many international conferences, including the WFA, AFA and EFA meetings.

2012 - PhD in Finance - RSM Erasmus University

2010 - Visiting Research - Scholar University of Florida

2006 - Master in Finance - RSM Erasmus University

2005 - International Management, CEMS - RSM Erasmus University

2004 - Bachelor in Business Administration - RSM Erasmus University

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

• Gómez, Juan Pedro, Prado, Melissa Porras, Zambrana, Rafael (2024). Capital commitment and performance: The role of mutual fund charges. Journal of Financial and Quantitative Analysis, 59 (2).
• 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. The 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, 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, 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.