ISSUE #05, May 2025

Research E-News

We want to change the world and we will do it with the right people.


Highlight

Nova SBE secures funding for two research projects in FCT call

Nova SBE had two projects recommended for funding in the 2023 FCT Call for R&D Projects in All Scientific Domains. Both projects received the highest score (5/5) from the Economics and Management evaluation panel and were fully recommended for funding by the FCT (State Budget).


1. Principal Investigator: Pedro Vicente


Team members: Stefan Leeffers (Nova SBE), Jacob Macdonald (Univ. Sheffield, Cambridge UK)

Acronym - Title: UrbanEnvMoz - Urbanisation meets the environment: can community-level technical assistance and incentives induce local adaptation and protect against flooding?

Budget: EUR 249,998.40


Description: This study investigates how urban communities in Quelimane, Mozambique, can manage climate-related risks and adapt to prevent flooding and corresponding damages. The research, funded by the International Growth Center (IGC) and conducted by Nova SBE, explores the effectiveness of information dissemination and community incentives in reducing flood risks exacerbated by rapid urbanization and poverty.


Objective: To demonstrate that adaptation to flood risks can be influenced through information, technical assistance, and community incentives, ultimately enhancing urban resilience to climate-related disasters.

2. Principal Investigator: Pedro Oliveira


Team members: Maria João Jacinto (Nova SBE), Gemma Tria Albert (Nova SBE), Leid Zejnilovic (Nova SBE), Anne-Laure Fayard (Nova SBE), Helena Canhão (NMS)

Proponent Institution: UNIVERSIDADE NOVA DE LISBOA | NovaSBE + NMS
Partners Institutions: ASSOCIAÇÃO FRAUNHOFER PORTUGAL RESEARCH, ASSOCIAÇÃO PATIENT INNOVATION

Acronym - Title: HealthInnovAI - AI in Healthcare Innovation and Entrepreneurship: Current AI tools utilization state of the art and its scale-up to responsible and impactful adoption in user innovation product development

Budget (Nova SBE + NMS): EUR 159,840.00


Description: HealthInnovAI explores the impact of Artificial Intelligence (AI) and user-driven innovation in healthcare. Combining theoretical research, empirical investigations, and practical exploration the project aims to understand AI's role in creating innovative healthcare solutions and its implications for intellectual property (IP) ownership. Additionally, it seeks to develop AI literacy materials for everyday use. The project will be structured into 6 work packages (WP) to facilitate this comprehensive exploration.


Objective: To demonstrate AI's potential in enhancing healthcare innovation through user-driven initiatives, providing valuable insights for future AI integration and improving healthcare delivery and outcomes.

Nova SBE maintained an “Excellent” rating in the FCT research units’ evaluation

Nova SBE received the top rating of Excellent (5/5) from Portugal’s Foundation for Science and Technology (FCT)—the only school in its panel to do so. This recognition secures €3.6 million in funding (2025–29).


The evaluation highlighted Nova SBE’s strong international orientation, with a diverse faculty and student body, extensive global partnerships, and a proven track record in research excellence. The school stands out for its impactful contributions in areas such as Finance, Development Economics, and Organizational Behavior, supported by numerous publications in top-tier journals and consistent success in securing competitive funding.


It also highlighted the school’s alignment with the objectives of programmatic funding, including hiring new researchers, supporting early-career researchers, internationalization, scientific infrastructure and equipment, seed projects, and advanced training programs.

Spotlight

Evans, R. B., Prado, M. P., Rizzo, A. E., & Zambrana, R. (2025). Identity, diversity, and team performance: Evidence from U.S. mutual funds. Management Science, 71(4), 3026-3051.

Bhalotra, S., Delavande, A., Font-Gilabert, P., & Maselko, J. (2025). Maternal investments in children: The role of expected effort and returns. Economic Journal, 135(667), 712-747.

Abrams, E., Leone, P. V., Cambrosio, A., & Faraj, S. (2025). The governance of open science: A comparative analysis of two open science consortia. Research Policy, 54(3), Article 105195.

Publications

Achievements

  • Pedro Vicente named Founding Fellow of the Royal Economic Society

    The Royal Economic Society (RES) has announced the appointment of its founding Fellows, with Pedro Vicente among the distinguished honorees. According to the selection panel, the newly appointed Fellows were recognized not only for their outstanding contributions in their respective roles but also for their broader impact on the economics profession. The RES expressed enthusiasm about collaborating with the new Fellows to further its mission: to ensure that economics is understood, advanced, and applied for the benefit of society and the world at large.

     

  • Miguel Ferreira’s paper forthcoming in the American Economic Review

    Miguel Ferreira’s paper "Fiscal Policy and Credit Supply in a Crisis" is now forthcoming in the American Economic Review. The study, co-authored with Diana Bonfim (Banco de Portugal), Francisco Queiró, and Sujiao (Emma) ZHAO (Banco de Portugal), shows how cuts in public procurement during a crisis can reduce the supply of credit and ultimately slow down the real economy.

  • Pedro Neves appointed to Selo da Diversidade Evaluation Committee

    Pedro Neves is part of the Evaluation Committee for the 5th Edition of the Selo da Diversidade! This is a prestigious distinction promoted by the Associação Portuguesa para a Diversidade e Inclusão (APPDI), the organization behind the Carta Portuguesa para a Diversidade, in partnership with the Agência para a Integração, Migrações e Asilo (AIMA). Its goal is to recognize and reward organizations that implement policies and practices aimed at promoting and valuing diversity and equal opportunities in the workplace.

  • Leid Zejnilovic leads AI and Digital Transformation at Nova SBE

    We are pleased to share that Leid Zejnilovic is now our new Associate Dean for AI and Digital Transformation! He'll be playing a key role in improving our operations and processes and helping to modernize the school to tackle the upcoming tech challenges.

  • Academic milestone: João Duarte achieves Agregação

    João Duarte has successfully passed his ”agregação” exams at Nova SBE. The jury included Isabel Horta Correia (Universidade Católica Portuguesa), Jose Tavares, Steffen Hoernig, Luis Catela Nunes, Tiago Cavalcanti (University of Cambridge), and Vasco Carvalho (University of Cambridge).

  • PhD Success: Ricardo Silva Defends Thesis on Innovation and AI

    Nova SBE congratulates Ricardo Miguel de Sousa Coelho da Silva for successfully defending his Management PhD thesis “Innovation and Impact by Online Communities: Organizing and Knowing Through Bricolage and AI”. His supervisor was Leid Zejnilovic and the co-supervisor was Pedro Oliveira.

  • The ERA Chair in Social Innovation hosted Julie Battilana

    The ERA Chair in Social Innovation hosted Julie Battilana, Harvard professor and founder and faculty chair of the Social Innovation + Change Initiative. In her talk, "Power for All", she explored the nature of power, debunked myths, and shared how to use power for positive impact. Battilana also serves on our ERA Chair international advisory board.

Researchers on Media

Marlon Francisco

Marlon Francisco in his recent interview on Now addressed key economic issues, focusing particularly on the European Central Bank's (ECB) latest decision to cut interest rates and the implications of the ongoing trade war. On the same TV channel, he spoke about the EU approving 25% tariffs on U.S. products. In the scope of the "Avaliação de Políticas numa Perspetiva Intergeracional" project presentation, he also gave interviews to Expresso and SIC Notícias, among others.

Susana Peralta

Susana Peralta continues to provide weekly analysis of major topics on RTP’s Sunday night news broadcast and on Rádio Observador’s podcast Fora do Baralho. Additionally, she gave an interview to Expresso where she commented on the record-high household savings rate in Portugal.  

Miguel Ferreira

Miguel Ferreira was interviewed in Trinta e oito vírgula quatro podcast (ECO) and as coordinator of the Finanças para Todos program, he alerted to the low levels of financial literacy in Portugal and offered recommendations. Still, he also continues to give financial tips on the podcast Boa Moeda, Má Moeda from Rádio Observador. The "Finanças para Todos" program, recently welcomed a new group of participants aged 65 and over, reinforcing its commitment to senior financial literacy. Antena 1 followed the session.

Pedro Oliveira

Pedro Oliveira, featured in Business IT, argued that innovation is no longer about competitiveness—it’s about survival. He also gave an interview to RTP about the Iberian electricity market and how electricity it’s important for the country's independence. Additionally, he appeared on Now, where he addressed the new 20% tariffs imposed on European exports to the U.S. as part of a broader trade conflict initiated by the U.S. administration.

Nova SBE Economics of Education Knowledge Center

The latest School Ranking 2024, developed in partnership between Observador and Nova SBE Economics of Education Knowledge Center, was released in April and highlights the best-performing schools across Portugal. Based on national exam results and equity indicators, the ranking offers a comprehensive view of educational quality.

Social Equity Initiative

A new interim note from the report Portugal, Social Balance: Perspectives reveals that ethnic minorities in Portugal face significant economic and social inequalities. The analysis, titled Ethnic Minorities and Discrimination in Portugal, was conducted by Nova SBE researchers - Bruno P. Carvalho, João Fanha, Miguel Fonseca, and Susana Peralta -as part of the Social Equity Initiative, a partnership between Nova SBE, BPI, and the “la Caixa” Foundation. Media outlets such as Lusa, Jornal Económico, Jornal de Negócios, and Observador, among others.

Pedro Freitas

Pedro Freitas's interview published by Público highlights that “It’s necessary to improve the support students receive when making their 9th-grade decision, especially those from disadvantaged backgrounds.” He stresses that it is essential to make contextual data from private schools and the autonomous regions public to build more refined and accurate “overcoming rankings”.

Pedro Martins

Pedro Martins, speaking at ECO’s Annual Labor Conference, highlighted productivity and investment as key to raising wages in Portugal. In a Sábado interview, he explained the shift to Individual Learning Accounts, which give workers direct access to training funds. Supported by the EU and national partners, the initiative aims to boost lifelong learning and productivity. He was appointed by the European Commission to lead the rollout of Individual Learning Accounts.

 

Edson Servinini 

Edson Servinini commented on Folha de São Paulo on the blackout in Portugal and Spain and its potential economic and political consequences. He also emphasized the importance of having robust backup sources and contingency plans to manage the intermittency of renewable energy in the Iberian Peninsula.

Pedro Brinca

Pedro Brinca in an interview with ECO highlighted the risk of wage compression in Portugal. He noted that an increasing percentage of workers are receiving the minimum guaranteed wage.

Luís Cabral

“There is a danger that the American offensive could lead to a ‘trade war’ where all sides end up worse off,” said Luís Cabral in an interview with Vida Económica. Still regarding the trade tariffs imposed by Donald Trump he was interviewed by CNN Portugal and TVI.

João Amaro de Matos

João Amaro de Matos gave an interview to RTP África regarding Angola being one of three African countries that will receive the sustainability training project carried out by the World Bank and Nova University. Senegal and Kenya are also on the list.

Pedro Pita Barros

Pedro Pita Barros was on Consulta Pública (Antena 1) to speak about Public or private - who should be taking care of the health of the Portuguese? He was also on TVI  and CNN Portugal to comment on the fact that the U.S. Congress exposed a shadow pricing scheme among pharmaceutical companies. He was also on the Podcast NOVAsaúde Talks to reflect on the results of the first year of the creation of the 31 new Local Health Units (ULS).

Nova SBE Economics for Policy Knowledge Center

Nova SBE Economics for Policy Knowledge Center hosted the presentation of its project "Avaliação de Políticas numa Perspetiva Intergeracional", developed in partnership with the Fundação Calouste Gulbenkian. This initiative evaluates public policies through an intergenerational lens, ensuring today’s decisions do not compromise the future.
The results of the study that featured researchers like Francesco Franco, Marli Fernandes, and Marlon Francisco, covered areas such as housing, employment, pensions, and migration were cited in Expresso, ECO, SIC Notícias, Observador, Jornal de Notícias, Diário de Notícias, Jornal Económico and RTP, among others.

Nova SBE Public Policy Institute

The inaugural Policy Fest, hosted by Nova SBE’s Public Policy Institute, made headlines across national media for its innovative approach to public policy engagement. The event was featured in major outlets such as Jornal Económico, which praised Nova SBE’s commitment to “innovation and action” in the public policy space.

Pedro Neves

Pedro Neves is at the center of a national conversation on destructive leadership. He was interviewed for the podcast O CEO é o Limite, and his analysis was replicated in SIC Notícias and Expresso.  The study sheds light on the profound impact of toxic leadership, revealing how poor management practices can severely harm employee well-being and, in turn, damage organizational performance.

André Silva

André Silva was featured in Now Negócios and on CNBC, offering expert analysis on the European Central Bank’s response to renewed U.S. tariff threats under Donald Trump. He highlighted the ECB’s cautious approach to balancing inflation control with global trade pressures, reinforcing his role as a key voice in macroeconomic policy debates.

João Duarte

João Duarte was recently featured on CM TV’s Falar Global, where he shared expert insights on the future of sustainable energy. In the interview, Duarte emphasized the importance of innovation, education, and strategic communication in accelerating the global energy transition.

Ricardo Zózimo

Ricardo Zózimo had his participation as a speaker at the conference “Empresas como promotoras da esperança” mentioned in Jornal de Leiria. In parallel, Zózimo was also mentioned in Expresso’s coverage of the Portuguese pilgrimage to Italy, where he contributed to the broader conversation on community, faith, and leadership. His participation in these events underscores his commitment to exploring how businesses can be agents of positive change in society.

Researchers Corner

Intergenerational Policy evaluation

Public policies frequently prioritize short-term impacts to satisfy immediate demands and ensure the re-election prospects of politicians, often neglecting their potential consequences for future generations. However, considering the well-being of tomorrow's generations entails striving for a fairer society where human dignity is equally respected across all generations. The Economics for Policy Knowledge Center, supported by the Gulbenkian Foundation, has been assessing various public policies through the lens of intergenerational fairness. According to our methodology, a policy is deemed unfair if it meets at least one of the following criteria: it increases inequality between generations, heightens intragenerational inequality, reinforces the transmission of inequality across generations, or restricts the choices available to future generations.


We illustrate this issue with two policies that yield short-term benefits but negatively impact future generations in the long run. Firstly, our analysis of rent controls demonstrates that while initially, such policies prevent rent hikes, offering tenants stability and enhancing housing affordability, landlords eventually adapt by withdrawing properties from the rental market, selling them, or renting informally without contracts. Ultimately, rent controls result in a transfer of benefits from future tenants — who face higher rents due to reduced housing supply — to current generations, who benefit immediately from stabilized rents.


Secondly, policies aimed at reducing immigration and refugee numbers, such as the Portuguese Action Plan for Migration, similarly overlook their long-term consequences. In societies with ageing populations, the declining ratio of working-age individuals to elderly people places a significant strain on public finance sustainability. Consequently, taxes must rise to sustain existing benefit levels and maintain balanced budgets. Increased immigration, conversely, could mitigate the necessity for such tax hikes by improving demographic balance and alleviating fiscal pressures.

Marli Fernandes

Postdoctoral researcher at Nova SBE Economics for Policy Knowledge Center

Opinion Articles

Events

  • Susana Peralta at Diálogos em Marvão”.

    Susana Peralta will take part in the Diálogos em Marvão”.  In the 4th edition, six women—will present talks on art, philosophy, management, politics, and the representation of women in society. Susana Peralta will present “From Pots to Pennies: Portraits of Women’s Time.”

  • Nova SBE 2025 Press Preview

    Speed dating dating with our researchers. On May 28, we will host brunch in a speed dating format, where journalists and researchers meet face-to-face. It’s our Press Preview, an annual media gathering, this year with tailored, personal, and direct encounters with those researching the topics shaping the future.

  • DOT discussed the future of digital economy in Portugal

    NOVA SBE Data, Operations & Technology Knowledge Center (DOT), organized “Legislativas 2025: O Impacto da Economia Digital” — a public event dedicated to discussing the future of Portugal’s digital economy.

  • D^3 launched Human-AI Talks

    Digital Data Design (D^3) Institute at Nova SBE and NOVA Medical School and NOVA Medical School launched Human-AI Talks, a new series of events dedicated to exploring how humans interact with artificial intelligence — across business, research, and society. The first event was held under the theme of “AI & Society".



  • NOVAFRICA hosted CEPR Symposium

    Alex Armand, Catia Batista and Pedro Vicente were part of the Scientific Committee of the CEPR Development Economics Annual Symposium. The conference was organized jointly by the Centre for Economic Policy Research (CEPR) and NOVAFRICA and took place at our campus.

  • Giorgio Ottonello at New York Fed conference on Cyber Risk

    Giorgio Ottonello spoke about cyber risk at the sixth State-of-the-Field Conference on Cyber Risk to Financial Stability, a collaboration between the New York Fed and Columbia University's School of International and Public Affairs (SIPA).

  • Pedro Neves spoke about Virtual Leadership at NEOMA

    Pedro Neves participated in the 3rd Leadership mini-conference organized by NEOMA Business School in collaboration with the University of Bamberg and EAWOP. It was a two-day discussion on "Leader Behaviours and Their Perception across Organisational Levels". He moderated a session on virtual leadership.

  • E4P launched 2 Summer School on Public Policy Evaluation Methodologies

    The Nova SBE Economics for Policy Knowledge Center (E4P) has launched the 2nd edition of the Summer School on Public Policy Evaluation Methodologies. The training program, focused on practical skills, delivered primarily in person at our campus. It is aimed at professionals working within the European funding ecosystem as well as others interested in public policy evaluation.

  • Leonor Rossi was a speaker at the World Health Day Seminar

    Leonor Rossi was a speaker at the World Health Day Seminar, held under the theme:
    “The Role of Law in Protecting the Right to Health: How to Promote Health Justice through Law and Human Rights.”

  • Pedro Martins took part in the 2nd Annual Labor Conference

    Pedro Martins took part in the 2nd Annual Labor Conference, where he spoke on raising wages beyond the minimum. The event also addressed topics such as changes to labour laws, sustainability and the future of Social Security, talent retention strategies, and corporate training.

  • Ricardo Zózimo at Economy of Francesco conference

    Ricardo Zózimo spoke about “Building Systems of Hope in Companies” at the Second Economy of Francesco Portugal Conference. This conference, co-organized by Nova SBE Leadership for Impact Knowledge Center, aimed to bring together young and senior participants in an academic environment that is pluralistic and open to interaction and discussion.

  • Pedro Oliveira at the launch of AMA Citizen Lab at Nova SBE

    Pedro Oliveira hosted the launch of the first university-based Citizen Lab, in partnership with AMA – Agência para a Modernização Administrativa. Located at Nova SBE, the lab will serve as both a public service hub and a living lab for innovation in public administration, involving faculty, researchers, and students. He also opened the third-anniversary celebration of the Nova SBE Haddad Entrepreneurship Institute and the NOVA SBE Data, Operations & Technology Knowledge Center event on “Legislativas 2025: The Impact of the Digital Economy.” Additionally, he attended the inaugural Human-AI Talks session from the Digital Data Design (D^3) Institute at Nova SBE and NOVA Medical School.

  • João Duarte participated in the APED Retail Summit

    João Duarte participated in the APED Retail Summit. This year’s edition, under the theme “Leading the Future,” focuses on anticipating the challenges and opportunities in the retail industry sector.

  • SBE faculty at Policy Fest

    Nova SBE opened its doors to the Policy Fest, organized by the  Nova SBE Public Policy Institute (NPPI) bringing together thought leaders, students, researchers, and professionals for powerful conversations, fresh ideas, and inspiring moments. Luis Cabral (NPPI Academic Director), Ana Fontoura Gouveia, Pedro Martins (NPPI Deputy Academic Director), Ana Balcão Reis, José Tavares, Susana Peralta, Filipe Alfaiate (NPPI Executive Director), were among the speakers.

Click here to explore more SBE events.

Research Seminars

Please check our website (here) for the room information and for any changes.

Other News

NOVA Launches 3rd Research Impact Narratives Challenge

Universidade NOVA invites its researchers to participate in the Research Impact Narratives Challenge and to submit impact narratives—short texts that explain how their research benefits society. The goal is to help researchers communicate their work clearly and show its real-world value.

  • 🗓 Applications open until June 6, 2025, and must be submitted electronically via this form
  • 💶 €2,000 prize for the top narrative in each of the five impact categories
  • 👩‍🔬 Open to all NOVA teaching and research staff
  • 📚 Support materials and past winners available on NOVA’s website

For questions, contact: nova.research@unl.pt

Help Us Shape the Future of Teaching at Nova SBE

TEIC (Teaching Excellence & Innovation Center) is launching a short survey to understand current teaching practices at Nova SBE. Your input will help us identify challenges, map methodologies, and tailor faculty support. It only takes 2 minutes, and responses are confidential. If you are a Nova SBE professor, take the survey and help us drive teaching innovation.

Patient Innovation 10-year book

To wrap up Patient Innovation's 10-year celebration, it will launch a book featuring stories of real solutions developed by patients, caregivers, and collaborators—people who found creative ways to face the challenges of illness and improve lives. The official launch will be at the Open and User Innovation Conference, taking place July 21–22 at our campus.

Good to know

OUI call for papers deadline extended

As we get closer to the Open and User Innovation Conference 2025, which will be hosted at Nova SBE, we are sharing that the abstract submission deadline has been extended until May 15 to accommodate even more participants. Make sure to submit your abstracts by the new deadline to be considered for presentation. Please also check the OUI 2025 conference website for more detailed information.

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