Research Group Finance
Group Coordinator: João Pedro Nunes

Full Professor at the Department of Finance of ISCTE- Instituto Universitário de Lisboa
Office: D531
Telephone: 2176505261/220551
E-mail: joao.nunes@iscte-iul.pt
Finance Group main areas of research:
The Finance Research Group works both on theoretical and empirical issues in mainstream research areas such as corporate finance, asset pricing (both theoretical and empirical), banking and other financial institutions, mathematical finance and monetary policy, focusing on changes and innovation in financial markets.
Main achievements 2013-2017:
i) The group published 27 papers in ABS 4*, ABS 4 or ABS 3 journals.
ii) Group research in international financial reporting, namely non-GAAP reporting in Europe, has influenced not only investors and creditors who use information about earnings (both GAAP and non-GAAP) in their financing decisions, but also regulators and financial analysts who construct projects about a firm’s future cash flows.
iii) Invitation to the 2017 IASB Research to provide academic feedback to a new project of the International Accounting Standards Board (IASB) called “What is EBIT?”. This project intends to provide a clear definition of recurring performance, avoiding inconsistent and opportunistic reporting of performance measures by companies.
iv) Findings of the study of the dividend payouts of U.S. bank holding companies before and during the 2007-09 financial crisis have had implications for corporate finance and governance theories, as well as for the regulatory reforms being discussed among policymakers.
v) Organisation of the IFABS (International Finance and Business Society) Conference in 2014.
aricson85@hotmail.com
External/guest
Research and Teaching Interests:
mhveiga@est-econ.uc3m.es
Associate Professor
Research and Teaching Interests:
hoio@iscte-iul.pt
Full Professor
Research and Teaching Interests: Capital markets, International financial reporting, Equity valuation, Voluntary disclosure
ruasj@hotmail.com
Visiting Assistant Professor
Research and Teaching Interests: Financial Derivatives
joao.nunes@iscte-iul.pt
Full Professor
Research and Teaching Interests: Option Pricing Interest rate models Exotic options and Structured products Stochastic calculus
jose.carlos.dias@iscte-iul.pt
Assistant Professor with "Agregação"
Research and Teaching Interests: Option pricing, Exotic options, Real options, Credit risk
mohamed.azzim@iscte.pt
Associate Professor with "Agregação"
Research and Teaching Interests: Banking & Finance, Business Education
a.freitasmiguel@iscte-iul.pt
Assistant Professor
Research and Teaching Interests: Mutual Funds, International Investments
carlos_manuel_pinheiro@iscte.pt
External/guest
Research and Teaching Interests: Banking, Governance, Behavioral Finance
luis.oliveira@iscte-iul.pt
Assistant Professor
Research and Teaching Interests: Mercados Financeiros, Gestão de Risco de Mercado, Gestão de Risco Taxa de Juro, Derivados Financeiros
| Articles in scientific journals with scientific review ISI Indexed |
| Fábio Dias Duarte, Ana Paula Matias Gama, Gulamhussen, M. A. (2020) "Credit risk, owner liability and bank loan maturities during the global financial crisis",European Financial Management, N/A (), |
| Miguel Ângelo Ferreira, Aneel Keswani, António Miguel, Sofia Ramos (2019) "What determines fund performance persistence? International evidence",Financial Review, 54 (4), 679 |
| José Filipe Abreu, Marta Guerra Alves, Gulamhussen, M. A. (2019) "State interventions to rescue banks during the global financial crisis",International Review of Economics & Finance, 62 (), 213 |
| João Henrique Gonçalves Mazzeu, Esther Ruiz Ortega, Helena Veiga (2018) "Uncertainty and density forecasts of arma models: comparison of asymptotic, bayesian, and bootstrap procedures",Journal of Economic Surveys, 32 (2), 388 |
| Fábio Dias Duarte, Ana Paula Matias Gama, Gulamhussen, M. A. (2018) "Defaults in bank loans to SMEs during the financial crisis",Small Business Economics, 51 (3), 591 |
| Maria Martins, Ana Isabel Morais, Helena Isidro, Raul Laureano (2018) "Intellectual Capital Disclosure: the Portuguese Case",Journal of the Knowledge Economy, (), |
| Miles Gietzmann, Helena Isidro, Ivana Raonic (2018) "Vulture funds and the fresh start accounting value of firms emerging from bankruptcy",Journal of Business Finance and Accounting, 45 (3-4), 410 |
| Helena Isidro, Cláudio Pais (2017) "The role and current status of IFRS in the completion of national accounting rules - evidence from Portugal",Accounting in Europe, 14 (1-2), 164 |
| Helena Isidro, José G. Dias (2017) "Earnings quality and the heterogeneous relation between earnings and stock returns",Review of Quantitative Finance and Accounting, 49 (4), 1143 |
| José Carlos Dias, João Nunes (2017) "Universal recurrence algorithm for computing Nuttall, generalized Marcum and incomplete Toronto functions and moments of a noncentral x2 random variable",European Journal of Operational Research , 265 (2), 559 |
| National Government/ Organization contract research |
| Developing and Extending Regime Switching Models in Finance and Accounting, ISCTE IUL, Membro, ISCTE IUL, PTDC/EGE-GES/103223/2008, 2010-2013; Funding: 32.000 Euros |
| Determinants and economic consequences of non-GAAP financial reporting in Europe, ISCTE IUL and Nova University, Membro, Nova University, PTDC/EGE-GES/103770/2008, 2010-2013, Funding: 32.000 Euros |
| ?Performance Persistence and The Smart Money Effect in Mutual Funds - International Evidence?, ISCTE-IUL, Universidade Nova de Lisboa, Cass Business School - London, Aneel Keswani (Cass Business School), Antonio Freitas Miguel (ISCTE-IUL), Miguel Ferreira (Universidade Nova de Lisboa) e Sofia Ramos (ISCTE-IUL Business School), ISCTE-IUL, PTDC/EGE-GES/112820/2009, 2011-2013 |
| Capital Market Effects of Financial Reporting Regulation, ISCTE IUL and Cass Business School, Research leader, ISCTE IUL, PTDC/IIM-GES/3933/2012, 1Jun2013-30May2015, Funding: 40.000 Euros |
| Banking: Globalization, Governance and Regulation, 2011-2014, Investigador Principal, ISCTE-IUL, PTDC/EGE-ECO/114977/2009, Classificação "Excelente" pelo painel FCT |
| Multidisciplinary strategic project, 2011-2012, Investigador Principal, ISCTE-IUL, PEst-OE/EGE/UI0315/2011, - |
| Corporate governance in middle income countries, 2007-2010, Membro, ISCTE-IUL, FCT/PTDC/GES/72859/2006, Classificação "Excelente" pelo painel FCT |