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ISSUE #09, Sep 2023

Research E-News

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


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Highlight

Nova SBE secured funding for two projects

SDG #. Description

Nova SBE secured funding for two projects at the Social Research Call 2023 (SRC2023) awarded by the Social Observatory of Fundação ”la Caixa” & Fundação para a Ciência e a Tecnologia (FCT). Nova SBE will receive around 200.000,00€.


Funded projects at Nova SBE:


  • Collaborative Design-thinking Approaches, Adaptive Psychological Functioning & Career Development

Principal investigator (PI): Samantha Sim

Purpose of the project: Our work’s social challenge regards the promotion of a more decent, meaningful, and satisfying work for present and future generations of workers. The key research objective is to use randomized controlled trials to examine the effects of Career Life Design (CLD) training on psychological and career resources, and employment outcomes.


  • The mortgage piggy bank, household saving and wealth inequality

PI: João Duarte

Purpose of the project To shed light on how household saving behavior through mortgage contracts affects wealth inequality and how to design mortgage contracts that can reduce wealth inequality and make housing more affordable for a more significant fraction of the population.




Congratulations to our researchers for the achievement!

READ MORE 

Spotlight

Brunner, F., & Hipp, R. (2023). Estimating large-dimensional connectedness tables: The great moderation through the lens of sectoral spillovers. Quantitative Economics, 14(3), 1021-1058.

Pradies, C., Berti, M., Cunha, M. P. E., Rego, A., Tunarosa, A., & Clegg, S. (2023). A figure is worth a thousand words: The role of visualization in paradox theorizing. Organization Studies, 44(8), 1231–1257.

SDG #. Description

Nicolau, J., Rodrigues, P. M. M., & Stoykov, M. Z. (2023). Tail index estimation in the presence of covariates: Stock returns’ tail risk dynamics. Journal of Econometrics, 235(2), 2266-2284.

Publications

  • Nogueira-Leite, D., Diniz, J. M., & Cruz-Correia, R. (2023). Mental health professionals’ attitudes toward digital mental health apps and implications for adoption in Portugal: Mixed methods study. JMIR human factors, 10, [e45949].

  • Portela, D., Nogueira-Leite, D., Almeida, R., & Cruz-Correia, R. (2023). Economic impact of a hospital cyberattack in a national health system: Descriptive case study. JMIR Formative Research, 7, [e41738].

  • Boahen, P., & Gomes, E. (2023). Deliberative public engagement in Ghana: Consultation processes and outcomes during the privatisation of water. International Journal of Business Environment, 14(3), 326-350.

  • Jacob, D., & Henriques, R. (2023). Educational Data Mining to Predict Bachelors Students’ Success. Emerging Science Journal, 7(Special Issue), 159-171. 

  • Sabat, I., Neumann-Böhme, S., Barros, P. P., Torbica, A., van Exel, J., Brouwer, W., Stargardt, T., & Schreyögg, J. (2023). Vaccine hesitancy comes in waves: Longitudinal evidence on willingness to vaccinate against COVID-19 from seven European countries. Vaccine, 41(36), 5304-5312.

  • Vaz, J., & Shogren, J. (2023). Cooperation under oath: A case for context-dependent preferences. Economics Letters, 229, [111229].

  • Kousi, S., Halkias, G., & Kokkinaki, F. (2023). Hedonic objects and utilitarian experiences: The overriding influence of hedonism in driving consumer happiness. Psychology and Marketing, 40(8), 1634-1645.

  • Carvalho, B. P., Custódio, C., Geys, B., Mendes, D., & Peralta, S. (2023). Information, perceptions, and electoral behaviour of young voters: A randomised controlled experiment. Electoral Studies, 84, [102625].

  • Jankowitsch, R., Ottonello, G., & Subrahmanyam, M. G. (2023). Regulation, asset complexity, and the informativeness of credit ratings. The Review of Corporate Finance Studies, 12(3), [cfac003].

Achievements

Nova SBE starts the academic year with a warm welcome to:

  • New Faculty 

Management: André Trindade, Arnaud Monnier, Fan Zhang, Filipa Rodrigues, Graham Miller, Leonor Rossi, Marco Berti, Marco Galo, Michael Kummer, Michail Batikas, Pranadharthiharan Narayanan, Sai Kalvapalle, Yufei Shen

Finance: Camillo Riva, Felix Wilke, Martjin Boons, Nick Flamang, Tim Eisert

Economics: Adeline Delavande, Pedro Pires, Priscila Oliveira, Rita Dias Pereira


  • The incoming 2023 PhD Cohort 

Economics and Finance: Antonio Santos, Maria Martinho, Yixin Liao, Rita Vaz, Francisco von Hafe, Pedro Estorninho, Nuno Pereira, Jorge Ferreira

Management: Teresa Rodrigues, Marc Pocsay, Lara Pico, João Sousa, Maximilian Hauser


Cheers to a great year ahead!

  • Miguel Ferreira awarded at EFA annual meeting

    Congratulations to Miguel Ferreira for the award presented at the European Finance Association (EFA) annual meeting held at Vrije Universiteit Amsterdam (VU Amsterdam). This award is a recognition of his exceptional work as the EFA President and program chair of the EFA 2019 annual meeting held at Nova SBE. 

  • Cátia Batista in new research video

    We have a new research video. It is the first of the new season and it is with Cátia Batista explaining the paper Closing the Gender Profit Gap. This is a work co-authored by Cátia Batista, Pedro Vicente and Sandra Sequeira (London School of Economics). Give it a look here.

  • Nova SBE congratulates PhD students

    Nova SBE congratulates the PhD students on successfully defending their doctoral thesis. Vera Fearns, PhD in Management, defended the thesis Other Places - studies on the material dimension of future-making practices which had the supervision of Luís Martinez and co-supervision of João Castro. Matilde Grácio, PhD student in Economics, defended the thesis Essays in Inequality, Conflict and Politics which had the supervision of Pedro Vicente.

  • Nova SBE partner in Native Scientists program

    Nova SBE is now a partner in Native Scientists' "Cientista Regressa à Escola" program, which promotes the return of scientists to their primary schools to run science workshops with the little ones.
    The aim is to promote the work of our researchers to the younger generation and, at the same time, instil a taste for research in the social sciences. Know more here: https://bit.ly/4889Xm9
    Register here: https://bit.ly/3qX5eTX

  • Nova SBE PhD Students with Record Success in FCT Fellowship Awards

    Nova SBE PhD students have once again proven their outstanding potential by achieving unprecedented success in securing Fundação para a Ciência e Tecnologia (FCT) fellowships.

    The FCT, Portugal's governmental research funding agency, had a total of 124 candidates for the Economics and Management Panel, out of those 10 were given to Nova SBE PhD Students out of a total of 16 applicants from Nova SBE (62,5% success rate from Nova applicants)

    The success in securing FCT fellowships is not only a recognition of the quality of our students but also of their supervisors and of the dedication and support put in by our PhD Office team.

    For the first time ever, one of our students was ranked first in this national call. We extend our congratulations to Leonor Leão for this achievement.

    Nova SBE remains dedicated to supporting and empowering the next generation of researchers, and we are confident that our students will continue their academic journey and contribute to the knowledge that impacts the world.

Researchers on Media

Cátia Batista

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Cátia Batista was on SIC Notícias and CNN to talk about recent migrant rescues in the Mediterranean Sea and irregular migrations. She defended that “the European Union's current policies are not being able to contain these migrations of desperate people” and reinforced the need for “policies that provide people life alternatives in their countries of origin.”

Read more

Jenny Hoobler

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Jenny Hoobler gave an interview to Negócios Weekend where she talked about gender fatigue in companies, diversity and inclusion issues, and women in leadership roles. She stated that "if developments continue at the current pace, it will still take 50 years for women to achieve equal representation on boards of directors”.

Read more

José Tavares

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José Tavares’ essay “Os desafios da Inteligência Artificial da Democracia” was published in Revista E (Expresso). In this essay, he approaches A.I. as a tool and explains that “technology is rarely what we say it will be. Its history, at least for the last 300 years, is bonded to the history of prosperity.”

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Pedro Brinca

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Pedro Brinca was on CNN to discuss the recent drop in foreign direct investment in Portugal. Also on CNN, he talked about the BRICS summit and its implications for the world economics. He made comments to Rádio Renascença on the emigration of graduates and to ECO on the Auto-Europa production stoppage. He also spoke to ECO about remote work in Portugal and was on CNN and SIC Notícias to comment on GDP growth. He appeared in Esta Manhã (TVI) and SIC Notícias on the topic of inflation dynamics and about the banking sector profits he spoke to ECO and CNN. Furthermore, he was on Esta Manhã (TVI) to comment on taxes and the current economic situation of the country. Finally, he approached the housing market prices in Portugal and the government measures to Folha de S.Paulo, Jornal Económico, and RTP 2.

Read more

Pedro Martins

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Pedro Martins spoke to Expresso about the high average number of work hours in Portugal. Also to Expresso, he commented on Portuguese companies and remote work and, to the same newspaper, on the loss of Portuguese workers with higher education, highlighting a “growing evidence of a reorganization of the labor market in Portugal”.

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Pedro Neves

SDG #. Description

Pedro Neves was interviewed by Público about narcissists in leadership positions as a problem for well-being in the workplace. He argued that “we often confuse narcissism with self-esteem” and that “sometimes these cases go unnoticed because the organization is not aware that this is happening”.

Read more

Pedro Oliveira

SDG #. Description

Pedro Oliveira spoke to Expresso about A.I. and its impacts, in the scope of the Estoril Conferences, held at Nova SBE. He stated that he suspects “these technologies will completely change the way we look at education in the near future”. He was also interviewed by ECO and Executive Digest about the record number of master’s students in the school this year, the school’s strategy for the future, and the social responsibilities of business schools.

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Pedro Pita Barros

SDG #. Description

Pedro Pita Barros was on 360 (RTP 3) to discuss the financing of local health units. He defended that “this measure has possible risks and benefits” and that “organizational cultures are very important in these merging processes”, but, in some cases, “integration can be counter-productive”.

Read more

Ricardo Zózimo

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In the context of the 2023 World Youth Day in Lisbon, Ricardo Zózimo was on SIC Notícias to comment on this event and the Pope’s speech.

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Susana Peralta

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Susana Peralta gave an interview to Comunidade Cultura e Arte about Portugal’s structural problems and public policies. About the lack of class consciousness in our society, she stated that “people live in a world so centered on their way of life that everyone thinks they're middle class”. She also continues to have a regular presence at Fora do Baralho (Observador podcast). The Portugal Social Balance 2022 report, supported by the Social Equity Initiative and also co-authored by Susana Peralta, was mentioned in an article in Público about the housing problems in Portugal.

Read more

Researchers Corner

Can multimarket contacts soften competition?

When a given set of companies competes in multiple markets, these firms engage in multimarket contacts. Such interdependencies across markets create a mutual forbearance incentive,1 and have been shown to decrease within-market competition.2,3 In my research, I evaluate whether the effects of MMC span beyond within-market actions (e.g., prices, quality) and also influence market participation decisions, in the Portuguese off-patent drug market.

With a simple theoretical model, I show that the potential of MMC to enhance collusion may depend on the ability of these contacts to restore an overall symmetry between companies which may fail to be observed in individual markets. Based on this result, I put forward a measure which weights contacts between companies by their importance in smoothing market share asymmetries and test whether pharmaceutical firms with greater MMC have greater survival chances in individual markets.

Results show that, when the unit of analysis is a firm in a given market, MMC do not influence pharmaceutical firms’ survival chances in individual markets. However, when the unit of analysis is a market, higher average MMC between companies active in a market are associated with a lower probability of observing firms’ exit from that market.

These distinct results suggest that the degree of mutual forbearance is essentially a feature of the individual market under consideration, and not a characteristic of inter-firm rivalry independent of the level of competition faced by other competitors in the market.



Carolina Santos

Postdoctoral Researcher



[1] Bernheim, B. D., Whinston, M. D. (1990). Multimarket contact and collusive behavior. The RAND Journal of Economics, 1-26.


[2] Ciliberto, F., Watkins, E., Williams, J. W. (2019). Collusive pricing patterns in the US airline industry. International Journal of Industrial Organization, 62, 136-157.


[3] Lin, H., & McCarthy, I. M. (2023). Multimarket Contact in Health Insurance: Evidence from Medicare Advantage. The Journal of Industrial Economics.

Opinion Articles

Events

  • Conferências do Estoril 2023

    Conferências do Estoril 2023 was another exceptional gathering of brilliant minds, inspiring discussions, and groundbreaking ideas. Nova SBE faculty was among the renowned speakers, thought leaders, and innovators who converged to explore the most pressing global challenges and envision a brighter future together. Pedro Oliveira, Cátia Batista, Daniel Traça, Anne-Laure Fayard, Jenny Hoobler, Leid Zejnilovic, and José Tavares brought their unique perspective and knowledge to the discussion, as they delved into pressing global issues, sparked engaging discussions, and inspired us all to drive positive change.

  • Pedro Oliveira in the Q-Day Conference

    Pedro Oliveira will participate in the 14th edition of the Q-Day Conference, promoted by Quidgest, dedicated to the so-called “generative AI”, an artificial intelligence system capable of generating text, images, or other types of content in response to requests made in common language.

  • Patient Innovation Bootcamp 4th edition is underway

    The 4th edition of the Patient Innovation (PI) Bootcamp is now underway. The first stage in Lisbon has already taken place and was attended by Pedro Oliveira, Anne-Laure Fayard, Leid Zejnilovic, and Pedro Pita Barros, among others. The Barcelona stage took place until September 2nd, followed by Copenhagen from October 30th to November 3rd. In the 2023 edition, PI has the participation of 12 incredible teams from 8 different countries, and a wide variety of solutions, from digital solutions to medical applications or devices. The 5th edition of the Patient Innovation Awards also took place within the scope of the Estoril Conferences, which rewarded patients, caregivers, and employees who developed solutions to deal with challenges imposed by a health condition.

Research Seminars

  • 15/9

    Finance -  Mariassunta Giannetti, Stockholm School of Economics

  • 27/9

    Management - Karin Buhmann, Copenhagen Business School

  • 27/9

    NOVAFRICA - Martina Björkman Nyqvist, Stockholm School of Economics

  • 28/9

    Management - Selin Atalay, Frankfurt School


  • 29/9

    Finance - Roni Michaely, HKU Business School

  • 29/9

    Management - Mihalis Markakis, IESE

  • 4/10

    NOVAFRICA - Katherine Casey, Stanford University

  • 6/10

    Finance - Steffen Meyer, Aarhus University

  • 12/10

    Finance - Andrei Shleifer, Harvard University

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

Ricardo Perez Truglia presented "Where Do My Tax Dollars Go? Tax Morale Effects of Perceived Government Spending"

The last NOVAFRICA Seminar had the presence of Ricardo Perez Truglia, professor at UC Berkeley - Haas School of Business. The professor discussed whether perceptions about how the government spends tax dollars affect the willingness to pay taxes.

Listen here, as an episode of the NOVAFRICA Sustainable Development Talks Podcast.

Other News

  • Open and User Innovation Knowledge Center organizes free course

    Nova SBE, in collaboration with Nova Medical School and Open and User Innovation Knowledge Center, organized a free course entitled Health Innovation – From Ideas to Impact: As Health professionals, patients and caregivers contribute to technological advantages in health. The course was aimed at healthcare students, healthcare professionals, or innovators. Speakers from the new SBE included Pedro Oliveira, Maria João Jacinto (executive director of OUI and Patient Innovation), and Tiago Godinho (Head of Nova SBE Digital Experience Lab).

  • Nova SBE receives EUPRIO award

    Nova SBE just received the EUPRIO - European Association of Communication Professionals in Higher Education International Communication Innovation Award for our work in the Nova SBE Press Preview 2023 - Metaverse edition. This virtual event for media was held in a replica of the Nova SBE Digital Experience Lab, where our researchers presented their 2023 projects.

Good to know

UNL joins Crowdhelix

Universidade NOVA de Lisboa has joined Crowdhelix, an open innovation platform to foster collaborative research and networking. To introduce you to this platform and take the most out of it, there will be a special webinar for NOVA members, including Nova SBE faculty, researchers and other members of KC and Institutes.

Date: September 26th, 2023 (via Zoom)

Time: 4:00-5:00 PM (Lisbon time)

Registration Link: https://surveys.unl.pt/index.php/977896?lang=en
More information at: https://www.unl.pt/en/news/research/nova-joins-crowdhelix-innovation-platform-foster-collaborative-research-and-networking

To join Crowdhelix you should create your account on the platform. To register please follow this link using your @novasbe.pt email. Should you have any questions or require further information, please get in touch with the Nova SBE group’s contact point: Teresa Costa (R&I Funding Advisor)
research.innov.funding@novasbe.pt

The Russel Sage Foundation opened a call for Research & Innovation Funding

Deadline for Letters of Inquiry - 7 Nov 2023 (19h00 Lisbon time)
Aim: Supports research projects in four core programs: Behavioural Economics; the Future of Work; Race, Ethnicity, and Immigration; and Social, Political, and Economic Inequality.
Eligibility: All applicants must have a doctorate. All nationalities are eligible to apply, and applicants do not have to reside in the U.S., but the focus of the proposed research project must be on the U.S.
Funding: USD 50,000 to 200,000 depending on the type of grant for up to 2 years.
Internal rules: As overheads may not be eligible, the PI must send an email to research.innov.funding@novasbe.pt asking for their waiver or reduction, including a summary of the proposed project and the total budget, no later than 17 Oct 2023.

L’Oréal Portugal Medals of Honor for Women in Science applications open

We inform you that applications for the 20th edition of the “L’Oréal Portugal Medals of Honor for Women in Science” are open until October 10th (until 5 pm, Lisbon time). It is planned to award 4 medals of honor, worth 15 thousand euros each. All women who, at the opening date of the competition, have obtained their doctorate degree less than five years ago and who will not turn more than 35 years old by the end of 2023, can apply. More information here.

Good to know

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