Welcome to
10 th Portuguese Finance Network Conference

2 - 4 July 2018
ISCTE - Instituto Universitário de Lisboa

Conference Chair



José Paulo Esperança is the dean of ISCTE Business School (IBS). He is a full professor of finance and a former pro-rector for International Relations and Entrepreneurship at ISCTE-IUL, Portugal. He is the chair of Building Global Innovators, a technology transfer accelerator in partnership with the Massachusetts Institute of Technology Portugal and co-founder of AUDAX-IUL, an associated center focused on entrepreneurship and family business. He earned a PhD in economics from the European University Institute, Florence, with the title The Investment Decision by Service Multinationals. His research interests include entrepreneurship and small business financing, corporate governance and the impact of language commonality in international business.


Luís Laureano is an Assistant Professor at ISCTE Business School and researcher in Business Research Unit (BRU-IUL). Degree in Management (ISCTE-IUL), master in Information Systems Management (ISCTE-IUL) and doctorate in Management-specialization in Finance (ISCTE-IUL). Has taught several finance courses in different undergraduate, post-graduate and masters. Is co-author of books on finance and co-author of papers published in national and international scientific journals.

Organizing Committee



Rocha Armada is Professor (in Full) of Finance at the School of Economics and Management (EEG) of the University of Minho (UMinho) – Portugal, where he was the Scientific Director of one of its Research Centers, Vice-President of the School (two mandates) and its Ex-President (elected – for two mandates). He is also the Scientific Coordinator, and responsible, for the Finance area there, at the Dep.t level. He has published in several top journals. He has also been a member of the Editorial Board of several journals and a member in the Scientific Committee of several international and national finance conferences.


Ana Brochado is a professor of marketing and the associate dean for faculty affairs of ISCTE Business School. Her main research interests are Fintech, entrepreneurship and hospitality and tourism marketing. She worked for over a decade as a senior economist at the Portuguese Competition Authority and as an economist for the Research Department of the Portuguese Securities Commission. She has also served as an advisor to the Strategic Board of the Operational Programme for Competitiveness and Internationalisation.


Holds a PhD in Management and a Master in Strategy and Business Development by ISCTE-IUL. He has taught several financial analysis and business valuation courses in undergraduate programs in Economics. He is an invited Professor of Data Analysis at ISCTE-IUL and in ISG-Business and Economics School. His research interests include corporate governance and management compensation.


PhD in Management, with specialization in Finance, by ISCTE-IUL. He was the coordinator of the Studies and Statistics department of the Lisbon Stock Exchange between 1994 and 2000. Since then he has been assistant professor in the Finance Department at ISCTE-IUL in addition to the direction of various UC’s at various levels of education. Between 2007 and 2013, was the director of the BSc Degree in Finance and Accounting at ISCTE-IUL. He was Senior Consultant in the area of Finance at CEMAF/INDEG Projects and is the author or co-author of several scientific articles and books in the area of Finance.


I am a financial economist and am currently working as an assistant professor at ISCTE-IUL Business School. I hold a PhD in Economics from the University of Alicante, and my research interests include financial markets, especially bond and CDS markets. I am also strongly interested in monetary policy issues, and am a fond of Bayesian econometrics.

Scientific Committee

  • Ahmad Rahnema
    IESE Business School, University of Navarra
  • Alexandre Baptista
    The George Washington University
  • Amandio Pereira Baia
    IPG Politécnico da Guarda
  • Ana Ibáñez
    Universitat de València
  • Ana Isabel Martins
    Universidade do Algarve
  • Ana Paula Matias Gama
    Universidade da Beira Interior
  • Ana Paula Serra
    Universidade do Porto
  • António Freitas Miguel
    ISCTE-Instituto Universitário de Lisboa
  • António Lourenço
    Instituto Politécnico de Santarém
  • António Pedro Martins Soares Pinto
    Instituto Politécnico de Viseu
  • Avanidhar Subrahmanyam
    University of California, Los Angeles
  • Carlos Pinho
    Universidade de Aveiro
  • Chris Adcock
    Sheffield University
  • Christian Wolff
    University of Luxembourg
  • Clara Raposo
    Universidade de Lisboa
  • Cristina Viegas
    Universidade do Algarve
  • Dean Paxson
    University of Manchester
  • Eduardo Schwartz
    University of California, Los Angeles
  • Efigénio Rebelo
    Universidade do Algarve
  • Elisabete G.S. Félix
    Universidade de Évora
  • Elísio Brandão
    Universidade do Porto
  • Elizabete Vieira
    Universidade de Aveiro
  • Elton Edwin
    New York University
  • Eva Liljeblom
    Hanken School of Economics
  • Fernanda Matias
    Universidade do Algarve
  • Fernando Gomez-Bezares
    Universidade de Deusto
  • Florinda Silva
    Universidade do Minho
  • Francisco Gomes
    London Business School
  • Francisco López Lubián
    IE University
  • Gilberto Loureiro
    Universidade do Minho
  • Giovanni Barone-Adesi
    Università della Svizzera Italiana
  • Gualter Couto
    Universidade dos Açores
  • Helena Isabel Barroso Saraiva
    IPG Politécnico da Guarda
  • Helena Isidro
    ISCTE-Instituto Universitário de Lisboa
  • Hipólit Torró i Enguix
    Universitat de València
  • João Cocco
    London Business School
  • João Dionísio Monteiro
    Universidade da Beira Interior
  • João Duque
    Universidade de Lisboa
  • João Pedro Nunes
    ISCTE-Instituto Universitário de Lisboa
  • João Pedro Pereira
    Universidade Nova de Lisboa
  • João Romacho
    ESTG Insituto Politécnico de Portalegre
  • João Santos
    Federal Reserve Bank - New York
  • Joaquim Ramalho
    ISCTE-Instituto Universitário de Lisboa
  • Jorge Bravo
    Nova-IMS
  • José Carlos Dias
    ISCTE-Instituto Universitário de Lisboa
  • José Filipe Correia Guedes
    Universidade Católica Portuguesa
  • José Jacinto Bilau
    Instituto Politécnico de Beja
  • José Luis Sarto Marzal
    Universidad Zaragoza
  • Jose Marti Pellon
    Universidad Complutense de Madrid
  • José Penalva
    Universidade Carlos III- Madrid
  • José Soares da Fonseca
    Universidade de Coimbra
  • Julio Diegues Soto
    Universidad de Málaga
  • Kate Phylaktis
    City University London
  • Laura Andreu Sánchez
    Universidad de Zaragoza
  • Leonor Salsa
    Universidade do Algarve
  • Lorne Switzer
    Concordia University
  • Luis Alfonso Vicente Gimeno
    Universidade Zaragoza
  • Luís Miguel Serra Coelho
    Universidade do Algarve
  • Magali Pedro Costa
    Instituto Politécnico de Leiria
  • Manuel Rocha Armada
    Universidade do Minho
  • Margarida de Abreu
    ISEG
  • Maria do Céu Cortez
    Universidade do Minho
  • Maria Goreti Dâmaso
    Instituto Politécnico de Santarém
  • Maria Teresa Medeiros Garcia
    ISEG
  • Mário António Gomes Augusto
    Universidade de Coimbra
  • Marta Gómez-Puig
    Universitat de Barcelona
  • Miguel Ferreira
    Universidade Nova de Lisboa
  • Mohamed Azzim Gulamhussen
    ISCTE Business School
  • Paulo Jorge Pereira
    Universidade do Porto
  • Pedro Bordalo
    University of Oxford
  • Pedro Leite Inácio
    ISCTE-Instituto Universitário de Lisboa
  • Pedro Martínez-Solano
    Universidade Murcia
  • Pedro Marques Silva
    Universidade da Beira Interior
  • Pedro Matos
    Darden
  • Pedro Miguel Silva Gonçalves Pimentel
    Universidade dos Açores
  • Pekka Hietala
    INSEAD
  • Ricardo Leal
    Universidade Federal do Rio de Janeiro
  • Ruben Peixinho
    Universidade do Algarve
  • Rui Carvalho
    ISG
  • Rui Menezes
    ISCTE-Instituto Universitário de Lisboa
  • Rui Silva
    London Business School
  • Sandra Rebelo
    Universidade do Algarve
  • Simon Wolfe
    University of Southampton
  • Sofia Ramos
    ISCTE-Instituto Universitário de Lisboa
  • Sonia Baños Caballero
    Universidad de Murcia
  • Stefano Gatti
    Bocconi University
  • Susana Carabias López
    Universidad Pontificia Comillas
  • Tiago Cruz Gonçalves
    ISEG
  • Vicent Aragó Manzana
    Universitat Jaume I
  • Vineet Agarwal
    Cranfield University
  • Vitor Mendes
    CEFAGE
  • William Ziemba
    University of Reading
  • Wolfgang Bessler
    Universität Giessen
  • Wolfgang Drobetz
    University of Hamburg
  • Zélia Serrasqueiro
    Universidade da Beira Interior