BPI | FUNDAÇÃO "LA CAIXA"
CHAIR PROFESSOR
in Responsible Finance
VICE-DEAN OF FACULTY AND RESEARCH
at Nova SBE
About
Miguel A. Ferreira is the BPI | Fundação “la Caixa” Chair Professor of Responsible Finance at Nova School of Business and Economics (Nova SBE). He is the Vice-Dean of Faculty and Research at Nova SBE and the Academic Director of the Nova Finance Knowledge Center.
He is also a research associate of the European Corporate Governance Institute (ECGI) and a research fellow of the Centre for Economic Policy Research (CEPR). He has a PhD in Finance from the University of Wisconsin-Madison, a Master in Applied Economics from Nova SBE, and a Bachelor in Business from ISCTE-IUL.
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His research interests include corporate finance, sustainable finance, and asset management.
His research has been published in academic journals including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and Management Science. He is among the top 100 most prolific authors in top 3 finance journals of all time in the world, and he is the most cited Portuguese economist since 2000. He has been a recipient of several research grants and awards including a European Research Council (ERC) grant, la Caixa Foundation Social Research Call, and Fundação para a Ciência e Tecnologia. He was the President of the European Finance Association.
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He teaches corporate finance in the bachelor program. He is also an independent board member at BPI Asset Management and Scientific Advisor for Economic studies at Fundação Francisco Manuel dos Santos. He has extensive experience of teaching in executive education programs and as an expert witness and consultant for companies, financial institutions, central banks and government agencies.
Recent Work
with Pedro Pires, André Trindade and Margarida Soares, 2024
As investor and consumer demand for sustainability grows, firms are increasingly incorporating sustainable products into their portfolios. We examine whether firms with a larger share of sustainable products are more exposed to household income shocks. Using scanner data on food purchases from 2004 to 2019, we find that reductions in household income significantly decrease spending on organic food, especially among high-income households. The effect is driven by high-income consumers’ lower price sensitivity and stronger preference for organic products, regardless of price. Our findings suggest that firms offering sustainable products may be more susceptible to income shocks, highlighting potential trade-offs in pursuing sustainable strategies.
Media Highlights
