Research E-News
We want to change the world and we will do it with the right people.
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Miguel Ferreira, alongside Cláudia Custódio (Imperial College London), Emilia Garcia-Appendini (University of Zurich) and Adrian Lam (University of Pittsburgh and University of Amsterdam), was awarded 1st place in the 1st edition of the EFFAS Gasperini Awards with the paper, “Does Climate Change Affect Firm Output? Identifying Supply Effects”. This study explores the significant impacts of climate change on firm output through supplier channels.
The second prize was to José Tavares and Sharmin Sazedj, PhD in Economics, with the paper “The Gender Gap at the Top: How Network Size and Composition Impact CEO Pay”. Their insightful research sheds light on the professional networks influencing gender disparities in executive compensation. The award ceremony was hosted by the Associazione Italiana per l'Analisi Finanziaria (AIAF).
Nova SBE hosted a major event related to the world's biggest international science communication festival. This year, with our school's support, the Pinto of Science organization reserved an extra session of the national program and, for the first time in Portugal, researchers tried to simplify scientific discussion with a ‘mug in hand’. During the festival's warm-up, topics as important to our society as Education and Immigration were discussed with Pedro Freitas and Susana Peralta.
Susana Peralta spoke about the “Impact of ‘returnees’ on electoral results”, a joint investigation with João Pereira dos Santos and Miguel Fonseca. Pedro Freitas, PhD in economics, presented “What policies for a less unequal school and education?”
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Ferreira-Magalhães, M., Bandeira, T., Costa, E., Guerra, P., Lopes, H., Martins, M. R., Mexia, R., Tomé, T., Silva, E., & Dias, A. R. (2024). Strategies to reduce the burden of respiratory syncytial virus infections in children in Portugal: Results from the focus group RSV Think Tank. Acta Medica Portuguesa, 37(4), 243-246.
How do entrepreneurs convince investors of their business ideas, and how do investors in turn determine which ideas to support? Over the past few decades, scholars have been rigorously addressing these questions in different ways but by examining the same phenomenon – pitching.
In a recent publication in the Academy of Management Annals, co-authors Nelson Phillips (UCSB Technology Management), Joep Cornelissen (Rotterdam School of Management, Erasmus University), and Sai Kalvapalle critically review the large body of work on entrepreneurial pitching. Their review finds a bifurcation of vantage points from which scholars have approached the phenomenon of pitching: that of the entrepreneur, or that of the investor.
Our most recent research video is with Roberto Ragozzino in the scope of his publication Not Like the Rest of Us? How CEO Celebrity Affects Quarterly Earnings Call Language. In it, he explains that the study explores whether celebrity CEOs use certain types of language that affect stakeholders’ perceptions, more than non-celebrity CEOs do during earnings calls. The findings suggest that CEO celebrity can create value for firms, but its effect is more indirect and subtler, as it leads to different language use, which then influences public information disclosure and stakeholders’ perceptions and reactions. The work is authored by Roberto Ragozzino, Tim G. Pollock (University of Tennessee), and Dane P. Blevins (University of Central Florida) and all researchers expect this research and further insights to be useful in raising public awareness about the subject of CEO celebrity and its effects, in terms of leadership and corporate performance.
Nova SBE congratulates the PhD students who successfully defended their thesis:
Marli Fernandes, PhD in Economics
Thesis title: “Essays on the Economics of Inclusion: Immigrants, Gender, and Forgotten Places”
Supervisor: José Tavares
Mattia Fracchia, PhD in Economics
Thesis title: “Essays in Development and Behavioral Economics”
Supervisor: Pedro Vicente
Massimiliano Bondatti, PhD in Finance
Thesis title: “Essays on Commodity and Currency Excess Returns”
Supervisor: Giorgio Ottonello
Felix Brunner, PhD in Finance
Thesis title: “Connecting the Dots: An Exploration of spillover networks in economics and finance”
Supervisor: Paulo Rodrigues
The Social Impact Pioneers podcast is out with Jenny Hoobler. This episode explored the essential yet often undervalued world of domestic work. From cleaning to caregiving, these roles are pivotal in today’s society, with the International Labour Organization citing 75.6 million people globally engaged in this sector.
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The Social project that proposes the study of the impact of social networks on health and well-being, authored by Rita Dias Pereira, which won a Marie Curie Scholarship, was mentioned in the media. HR Portugal, Medjournal, Vida Económica, Atlas da Saúde, and Executive Digest, among others, referred to the research grant under this Horizon Europe program.
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Pedro Oliveira gave an interview to Revista Business Portugal where he revealed the universe of the higher education institution, highlighting the focus on the integration of advanced technologies to promote high-quality education, as well as the mission of being a community dedicated to the development of talent and knowledge with an impact on the world.
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Susana Peralta debated the proposals for lowering the Personal Income Tax (IRS) at Fórum TSF. Still to the same program she analysed the state of public accounts. She was also interviewed by Rádio Renascença on how a truly inclusive European economy remains to be achieved.
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Filipe Costa was invited to Expresso da Meia Noite (SIC Notícias) to speak about the Government's emergency plan for Health.
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The Social Database project launched of the 2nd edition of the campaign “Porque ajudar não custa nada! O meu IRS apoia uma causa!!”, which aims to raise awareness among taxpayers about the IRS allocation to eligible social organizations registered on the platform, mas quoted in Executive Digest
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Pedro Pita Barros was the guest of the first InNova Talks, a new project by Jornal Económico, which brings together a multidisciplinary group to discuss various topics. In the first episode, the problems of the National Health Service were addressed.
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Luis Catela Nunes was interviewed by the media about one of the conclusions of a study sponsored by Edulog (Fundação Belmiro de Azevedo) which states that the most disadvantaged students have better academic performance in Portugal than in other OECD countries. Antena 1, Jornal de Notícias, Jornal Económico and RTP, among others, cited the study authored by Luís Catela Nunes, Pedro Freitas and Ricardo Colaço.
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The Sonae group is responsible for 3.7% of Portuguese GDP, according to a study coordinated by Pedro Brinca. The work was cited by Público, Forbes, Jornal de Negócios, ECO, Dinheiro Vivo, and Jornal Económico, among others. He also made comments to Fala Portugal, CNN, and TVI regarding the inflation dynamics. To Conversa Imperdível, Da Capa à Contracapa, RTP, Jornal Económico, Público, Jornal de Negócios, and Forbes he made comments regarding a new study about corporate taxes that he co-authored. He was also at SIC Grande Reportagem to comment on the economic environment in Portugal and Portuguese emigration. To Diário da Manhã (TVI) commented on the new policy package aimed at helping the younger adults up to 35 years old. Chave na Mão (Expresso’s podcast) interviewed him regarding the housing sector and the new policy package announced by the government.
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The launch of Social Balance Report 2023 was mentioned in Público, Rádio Renascença, Observador, TSF, CNN, SIC Notícias, Expresso, Jornal de Negócios and Sábado, among others. According to the report, the risk of poverty in Portugal rose to 17% in 2023, which put an additional 60,000 people at risk of becoming poor, a reality that mainly affected women.
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Maria Eugénia Mata is one of the authors of the first volume of the historical series 'Teaching in Portugal before and after the 25th of April' launched by EDULOG, the Belmiro de Azevedo Foundation's think tank for Education. The work was cited by Diário de Notícias, Jornal de Notícias, Jornal de Negócios, among others. She was also one of the experts invited by the Bank of Portugal to discuss the 80th anniversary of the Bretton Woods agreements. Jornal Económico broke the news.
Digital technologies prove to be fundamental to reducing costs in the management of chronic patients, says the most recent Information Note – Health Sector Analysis – About Chronic Patient Management, from the Nova SBE Health Economics and Management Knowledge Center. Medjournal and Postgraduate Medicine cited the note.
Mariana Esteves was one of the economists invited by RTP to comment on the European elections. Sábado also appointed her as one of the most influential young people in the country under 30.
Rodrigo Tavares was interviewed by Valor Económico (Brasil) about sustainable investment funds. He was also interviewed by DESAFIOS, a magazine from the Associação Empresarial da Região de Leiria/Câmara de Comércio e Indústria.
Susana Peralta commented on the European elections at RTP. To Rádio Renascença she explained that the European pillar of social rights can only be implemented with a budget. She also gave an interview to Diário Insular about how structural poverty in the Azores justifies higher support. She continues to make weekly political commentary in RTP and Rádio Observador.
Milton Sousa, one of the personalities invited by Líder Magazine, contributed to highlighting the work of Adam Grant, one of the most influential thinkers in Management, especially in Behavior in organizations.
"Hand-to-mouth agents" (HtM) are individuals or households with little to no financial reserves, spending most of their income on basic necessities, leaving little room for saving. The paper "Who Are the Hand-to-Mouth?" by Aguiar, Bils, and Boar* provides an examination of these households, focusing on their characteristics and behaviors. Their low net worth or liquid wealth makes them vulnerable to financial constraints and macroeconomic shocks.
The authors categorize HtM households based on low net worth (less than two months of labor earnings) or low liquid wealth (below a borrowing limit or close to zero), resulting in two types: those with low net worth (H2MNW) and those with low liquid wealth but substantial total net worth (H2MLIQ). Using data from the PSID (Panel Study of Income Dynamics), they find that 40.6% of U.S. households are classified as hand-to-mouth, with 23.3% identified as H2MNW and 17.3% as H2MLIQ.
The study finds that hand-to-mouth households do not exhibit higher spending growth. Instead, their spending is more volatile and unpredictable. Persistent household preferences, rather than current asset levels, predict low consumption growth and spending differences.
This emphasize the importance of considering the heterogeneity in household preferences and behaviors when analyzing consumption patterns and designing fiscal policies, rather than focusing solely on current asset levels.
Ana Melissa Ferreira, PhD student in Economics
*Aguiar, M., Bils, M., & Boar, C. (2024). Who are the Hand-to-Mouth? Review of Economic Studies.
Graham Miller,
Que rumo está a seguir o Turismo? In Publituris Hotelaria, 07.05.2024
José Tavares
Dos catastrofismos aos realismos: os três desafios no horizonte da Europa (ensaio), in revista E, 30.05.2024
Luciano Amaral
Má história e má política, in Correio da Manhã, 06.05.2024
Mitologia política, in Correio da Manhã, 13.05.2024
Europa 24, in Correio da Manhã, 20.05.2024
A força da fraqueza, in Correio da Manhã, 27.05.2024
Miguel Pina e Cunha
O V centário de Camões, in Líder Magazine, 27.05.2024
A verdade da mentira, in Líder Magazine, 24.05.2024
Mandela em causa, in Líder Magazine, 20.05.2024 Nick Cave, in Líder Magazine, 13.05.2024 Lições de liderança e as eleições do FC Porto, in Líder Magazine, 06.05.2024
Pedro Brinca
Competitividade fiscal, precisa se, in Expresso, 30.05.2024
Se este país não é para ricos imagine-se como é para os pobres, in Jornal de Negócios, 23.05.2024
O abraço do urso, in Jornal de Negócios, 14.05.2024
Pedro Freitas
Falta de professores: um risco para o crescimento económico future, in Eco Magazine, 29.05.2024
Pedro Oliveira
Qual o papel das universidades na definição de políticas públicas, in Jornal de Negócios, 21.05.2024
Rodrigo Tavares
As drogas voltaram à rua, in Expresso, 23.05.2024
Porque acreditamos que nos enganem sobre emigração e imigração? in Expresso, 09.05.2024
Precisamos repensar a morte dos animais, in Folha de S. Paulo, 29.05.2024
Lisboa vai finalmente ter um novo aeroporto? É cedo para celebrar, in Folha de S. Paulo, 15.05.2024
Mr. Musk, as suas empresas não são sustentáveis, in Folha de S. Paulo, 01.05.2024
Islamic thought can help the region attain a green future, in Arab News, 26.04.2024
Sofia Kousi
Como escolher um nome para a sua marca, in Marketeer, 23.05.2024
Susana Peralta
Como é triste perdermos a mocidade, in Público, 31.05.2024
Da liberdade de André Ventura dizer burrices, in Público,24.05.2024
A pobreza faz mal à democracia, in Público, 12.05.2024 Um mês para levar a Europa a sério, in Público, 09.05.2024
Quem tem medo de reparar?, in Público, 03.05.2024
Nova SBE will host the 20th Symposium on Statistical Challenges in Electronic Commerce Research, which will take place from June 19 to 21. Michail Batikas, Rodrigo Belo and Michael Kummer are among the organizing team. This is a leading conference attracting many top researchers worldwide in information systems, quantitative marketing, economics, statistics, machine learning, and computer science. It covers diverse domains such as e-commerce, social media, digital content, finance, and telecommunications. This year's theme will be “Looking into the next 20 years of Information Systems research”. Check the program here, and register now
Pedro Oliveira was at the launch of the 4th Edition of the Portugal Social Balance Report, which is the result of a partnership between the Nova School of Business and Economics and Fundación ”la Caixa” and Banco BPI. The report was co-authored by Susana Peralta, Bruno Carvalho and Miguel Fonseca. He also spoke about AI as an accelerator of user innovation in the HR Digital 2024, an event organised by APG - Associação Portuguesa de Gestão das Pessoas. He opened the 3rd edition of the 'Growth Forum', a Câmara de Comércio e Indústria Portuguesa (CCIP) event.
Carolina Santos, a Postdoctoral Researcher at Nova SBE Health Economics & Management Knowledge Center, was a keynote speaker at the CMVM Annual Conference. She presented the demographic panorama in Portugal. She was also in the 23rd European Health Economics Workshop (EHEW), co-organized by TBS Education and Toulouse School of Economics. She presented her paper on “Multimarket Competition and Pharmaceutical Firms’ Exit Decisions.” Her research examined how multimarket contacts (MMC) influence market participation decisions in the Portuguese off-patent drug market.
Miguel Ferreira participated in a Fintech Solutions event at The Fintech House to explore strategies for transitioning savers into investors, with a particular focus on younger demographics and digital channels. He discussed how to increase savings and promote financial market participation. And how financial education like the Finanças para Todos program can play a key role.
Cátia Batista was one of the presents on the Migration in Low-income Countries panel of the United Nations University World Institute for Development Economics Research conference “The World at Crossroads – securing the future generations”. She participated in a Eutopos conference to speak about the importance of investing in financial inclusion policies, side by side with financial literacy, as tools to promote lives with less hunger, more education, health and entrepreneurship. She also closed the Jornal de Negócios conference with the theme “Brain drain and talent capture”.
Rodrigo Tavares was a part of the júri at the National Sustainability Award, promoted by Jornal de Negócios (Sustainable Finance category).
Ricardo Zózimo participated in the Encontro Fidelidade Comunidade under the theme "Social Organization in 2050: Designing Futures and Possibilities". He anticipated a scenario - which he called "transhumanism" - in which the meaning of being human had already changed due to the fusion between machine and man.
Irem Demirci and Sofia Vala, Executive Director for Faculty and Research, co-hosted the 2024 EFMD Doctoral Programmes Conference: Cultivating Human-Centered Doctoral Research in the Digital Age. The event encompassed all the different facets of doctoral education around the world. Created specifically for business school professionals in charge of doctoral programs and research, it addresses the challenges within different types of doctoral programs.
Susana Peralta participated in the first of the debates, which precede the Estoril Conferences - which this year take place on the 24th and 25th of October at the SBE campus - and which reflected on vital issues for the future: the European Elections and Health Services in Portugal. She was also at Encontros Fora da Caixa to talk about the path to an inclusive European economy.
NOVA SBE Data Science Knowledge Center, Hochschule Harz, Department of Computer Science at the University of Cyprus, and Vilnius University were together in both Kaunas and Vilnius for an inspiring two-day EPSILON - European Platform for Data Science: Incubation, Learning, Operations, and Network - meeting to review the progress, discussed project outcomes, and strategized for the next phase.
Management - Peter Zubcsek, Tel Aviv University
Management - Anja Lambrecht, London Business School
Management - Chris Westland, University of Illinois Chicago
Please check our website (here) for the room information and for any changes.
Nova SBE will host the 11th International Conference on Business Servitization on the 7th -8th of November 2024. The conference chairs will be Emanuel Gomes and Leid Zejnilovic. In this edition, the conference focal theme is focused on The Pivotal Role of Frontier Technologies in Servitization, with a specific focus on Digital Service Innovation. Additionally, other themes pertinent to servitization, as outlined in the bullet points provided in the Call for Papers, are also encouraged for submission.
To present academic contributions to the conference authors need to submit an extended abstract with a word limit of 1,000 words. Extended abstracts must be submitted electronically and adhere to the guidelines outlined in the ‘Extended Abstract Template’. The deadline for submitting abstracts is 30th June 2024. More information here.
When accessed through the Wharton Research Data Services (WRDS) platform, BoardEx offers a range of capabilities tailored to academic researchers and professionals in finance and economics. WRDS provides access to a suite of data sets that support high-level research, and BoardEx data on WRDS can be leveraged for various analytical and empirical studies.