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Identification

Personal identification

Full name
Carlos Francisco Ferreira Alves

Citation names

  • Alves, Carlos
  • Carlos F. Alves

Author identifiers

Ciência ID
9C10-9D03-E79F
ORCID iD
0000-0003-3861-8554
Researcher Id
R-000-387
Scopus Author Id
15831421200
Education
Degree Classification
2019/01/19 - 2019/01/19
Concluded
 Agregação (Título de Agregado)
Major in Gestão
Universidade do Porto Faculdade de Economia, Portugal
2000/02/01 - 2004/07/19
Concluded
 Doutoramento em Economia (Doutoramento)
Universidade do Porto Faculdade de Economia, Portugal
"Os Investidores Institucionais e o Governo das Sociedades: Disponibilidade, Condicionantes e Implicações." (THESIS/DISSERTATION)
2004
Concluded
 Economia (Doutoramento)
Major in Sem especialidade
Universidade do Porto Faculdade de Economia, Portugal
"Os Investidores Institucionais e o Governo das Sociedades: Disponibilidade, Condicionantes e Implicações" (THESIS/DISSERTATION)
1993/01/01 - 1996/04/29
Concluded
 Mestrado em Economia (Mestrado)
Major in Economia Industrial e da Empresa
Universidade do Porto Faculdade de Economia, Portugal
"Estrutura de Prazos das Taxas de Juro: Teorias Explicativas, Métodos de Quantificação e Modelos Estocásticos" (THESIS/DISSERTATION)
1985/09/15 - 1990/07/13
Concluded
 Economia (Licenciatura)
Universidade do Porto Faculdade de Economia, Portugal
Affiliation

Science

Category
Host institution 		Employer
2004/07/20 - Current Researcher (Research) Centro de Economia e Finanças, Portugal
Universidade do Porto Faculdade de Economia, Portugal

Teaching in Higher Education

Category
Host institution 		Employer
2016 - Current Associate Professor (University Teacher) Universidade do Porto, Portugal
2014/06/17 - Current Associate Professor (University Teacher) Universidade do Porto, Portugal
2014 - 2016 Associate Professor (University Teacher) Universidade do Porto Faculdade de Economia, Portugal
2014 - 2016 Associate Professor (University Teacher) Universidade do Porto Faculdade de Economia, Portugal
2004/07/19 - 2014 Assistant Professor (University Teacher) Universidade do Porto Faculdade de Economia, Portugal
2004 - 2014 Assistant Professor (University Teacher) Universidade do Porto Faculdade de Economia, Portugal
1996/04/20 - 2004/07/20 Assistant (University Teacher) Universidade do Porto Faculdade de Economia, Portugal
1990/09/01 - 1996/04/28 Trainee Assistant (University Teacher) Universidade do Porto Faculdade de Economia, Portugal

Positions / Appointments

Category
Host institution 		Employer
2015/11/02 - Current President of the Scientific Council Universidade do Porto Porto Business School, Portugal
2015 - Current President of the Scientific Council Universidade do Porto Porto Business School, Portugal

Others

Category
Host institution 		Employer
2008/07/20 - 2016/12/31 Administrador Comissão do Mercado de Valores Mobiliários, Portugal
Comissão do Mercado de Valores Mobiliários, Portugal
1998/07/20 - 2000/03/01 Administrador Comissão do Mercado de Valores Mobiliários, Portugal
Comissão do Mercado de Valores Mobiliários, Portugal
1995/11/01 - 1998/06/30 Adjunto do Secretário de Estado do Tesouro e das Finanças Governo da República Portuguesa Ministério das Finanças, Portugal
1994/04/01 - 1995/10/31 Director do Instituto Mercado de Capitais Bolsa de Valores do Porto, Portugal
1990/09/01 - 1994/03/31 Membro do Gabinete de Estudos Bolsa de Valores do Porto, Portugal
Bolsa de Valores do Porto, Portugal
Projects

Contract

Designation Funders
2010/06/01 - 2013/11/30 Capacidades de Previsão dos Fundos de Investimento Europeus
PTDC/EGE-ECO/108571/2008
Universidade do Porto Faculdade de Economia, Portugal

Universidade do Porto Faculdade de Economia, Portugal
Fundação para a Ciência e a Tecnologia
Concluded
2010/06/01 - 2013/11/30 Capacidades de Previsão dos Fundos de Investimento Europeus
PTDC/EGE-ECO/108571/2008
Universidade do Porto Faculdade de Economia, Portugal

Universidade do Porto Faculdade de Economia, Portugal
Fundação para a Ciência e a Tecnologia
Concluded
Outputs

Publications

Book
  1. Carlos Alves; Rui Alves; Jorge Farinha; Cláudia Ribeiro. Cálculo Financeiro Aplicado (3ª Ed.). 2023.
  2. Carlos Alves; Abel Fernandes; Paulo Mota; Manuel Rocha. Mercados, Produtos e Valorimetria de Activos Financeiros (4ª Ed.). 2022.
  3. Alves, Carlos. Empresas Orientadas para os Shareholders e Empresas Orientadas para os Stakeholders. 2020.
  4. Alves, Carlos. Cálculo Financeiro Aplicado. 2019.
  5. Alves, Carlos. A Banca e a Economia Portuguesa. Portugal. 2017.
  6. Alves, Carlos. Mercados, Produtos e Valorimetria de Activos Financeiros. 2012.
  7. Alves, C.F.; Mendes, V.. The Portuguese corporate governance codes as a factor of changes in rules and practices. 2009.
  8. Alves, Carlos. Livro Branco Sobre Corporate Governance em Portugal. 2006.
  9. Alves, Carlos. Os Investidores Institucionais e o Governo das Sociedades: Disponibilidade, Condicionantes e Implicações. Portugal. 2005.
  10. Alves, Carlos. Taxas de Juro: Estrutura de Prazos e Modelos Dinâmicos (2ª Ed). Portugal. 1998.
  11. Alves, Carlos. Taxas de Juro: Estrutura de Prazos e Modelos Dinâmicos. Portugal. 1996.
Book chapter
  1. Alves C.F.; Barbot C.. "Price Discrimination Strategies of Low-cost Carriers". 2017.
    10.4324/9781315091617-23
Conference paper
  1. Alves, C.F.; Fontes-Filho, J.R.. "Executive compensation, ownership structure and firm performance: An empirical investigation". 2020.
    10.34190/MLG.19.047
  2. Alves, CF; Pinto, PD. "AN IMPACT ANALYSIS OF RENEWABLE ENERGY ON ELECTRICITY SPOT MARKET PRICES". 2019.
Journal article
  1. Marques, BP; Alves, CF. "Heterogeneity of business models and banking sector resilience". JOURNAL OF BANKING REGULATION (2024): https://www.authenticus.pt/P-00Z-8WZ.
    10.1057/s41261-023-00227-6
  2. Alves, CF; Barreira, JL. "Is a Socially Responsible Investment Necessarily Efficient? Evidence from SRI Mutual Funds and Sin Stocks". ERBE- European Review of Business Economics (2024): https://www.authenticus.pt/P-017-3QT.
    10.26619/erbe-2024.3.2.6
  3. Alves, C.F.; Meneses, L.L.. "ESG scores and debt costs: Exploring indebtedness, agency costs, and financial system impact". International Review of Financial Analysis 94 (2024): http://www.scopus.com/inward/record.url?eid=2-s2.0-85189456120&partnerID=MN8TOARS.
    10.1016/j.irfa.2024.103240
  4. Carlos Francisco Alves; Bernardo P. Marques; Joana C. Silva. "Transnational Banking Supervision, Distance-to-Distress and Credit Risk: the SSM Case". Applied Economics Letters (2023): https://doi.org/10.1080/13504851.2022.2092590.
    10.1080/13504851.2022.2092590
  5. Alves, CF; Citterio, A; Marques, BP. "Bank-specific capital requirements: Short and long-run determinants". FINANCE RESEARCH LETTERS (2023): https://www.authenticus.pt/P-00X-RJ1.
    10.1016/j.frl.2022.103558
  6. Alves, CF. "A note on financial literacy among literate people and their participation in different securities market segments". STUDIES IN ECONOMICS AND FINANCE (2023): https://www.authenticus.pt/P-00X-8EE.
    10.1108/sef-04-2022-0215
  7. Alves, C; Gomes, D. "Are Passive Exchange-Traded Funds a Catalyst for Market Instability?". ERBE- European Review of Business Economics (2023): https://www.authenticus.pt/P-017-3QS.
    10.26619/erbe-2023.3.1.3
  8. Carlos F. Alves. "A measure of the evolution of the company's orientation toward its primary stakeholders". Finance Research Letters (2022): https://doi.org/10.1016/j.frl.2022.103215.
    10.1016/j.frl.2022.103215
  9. Carlos F. Alves; Maria João Guedes. "Narcissistic leaders do not share! The relationship between top managers' narcissism and the distribution of value added". Finance Research Letters (2022): https://doi.org/10.1016/j.frl.2022.103054.
    10.1016/j?l.2022.103054
  10. Alves, CFF; Citterio, A; Marques, BP. "What Drives Bank-Specific Capital Requirements? Evidence from the Ssm". SSRN Electronic Journal (2022): https://www.authenticus.pt/P-011-4KS.
    10.2139/ssrn.4171435
  11. Alves, CFF. "A Measure of the Company's Orientation Toward the Interests of Different Input Providers". SSRN Electronic Journal (2022): https://www.authenticus.pt/P-011-4KR.
    10.2139/ssrn.4109802
  12. Alves, Carlos. "The effect of borrower country financial system and corporate governance system types on the spread of syndicated loans". Corporate Governance: The International Journal of Business in Society ahead-of-p ahead-of-p (2021): http://dx.doi.org/10.1108/cg-02-2021-0071.
    10.1108/cg-02-2021-0071
  13. Alves, Carlos. "Impact of special regime generation management on electricity prices: the Portuguese case". International Journal of Energy Sector Management ahead-of-p ahead-of-p (2021): http://dx.doi.org/10.1108/ijesm-04-2020-0007.
    10.1108/ijesm-04-2020-0007
  14. Davi Trindade Batista; Carlos F. Alves. "Analysis of Bitcoin's Impact on the Efficiency of a Diversified Portfolio for Brazilian Investors". Review of Business Management (2021): https://doi.org/10.7819/rbgn.v23i2.4098.
    10.7819/rbgn.v23i2.4098
  15. Alves, Carlos. "Analysis of Bitcoin's Impact on the Efficiency of a Diversified Portfolio for Brazilian Investors". Revista Brasileira de Gestão de Negócios / Review of Business Management 23 2 (2021): 353-369.
    Published
  16. Bernardo P. Marques; Carlos F. Alves. "The profitability and distance to distress of European banks: do business choices matter?". The European Journal of Finance (2021): 1-28. https://doi.org/10.1080/1351847X.2021.1897638.
    10.1080/1351847X.2021.1897638
  17. Marques, BP; Alves, CF. "The profitability and distance to distress of European banks: do business choices matter?". EUROPEAN JOURNAL OF FINANCE (2021):
    10.1080/1351847x.2021.1897638
  18. Carlos Francisco Alves; Ana Luísa Silva. "Corporate communication and media coverage of abnormal returns – evidence from the Portuguese capital market". Corporate Communications: An International Journal ahead-of-p ahead-of-p (2020): https://doi.org/10.1108/CCIJ-11-2019-0132.
    10.1108/CCIJ-11-2019-0132
  19. Bernardo P. Marques; Carlos F. Alves. "Using clustering ensemble to identify banking business models". Intelligent Systems in Accounting, Finance and Management (2020): https://doi.org/10.1002/isaf.1471.
    10.1002/isaf.1471
  20. Carlos F. Alves; Duarte A. Reis. "Exposition of evidence for idiosyncratic versus induced seasonality in ETF performance". Applied Economics Letters (2020): 1-5. https://doi.org/10.1080/13504851.2019.1606397.
    10.1080/13504851.2019.1606397
  21. Alves, CF; Silva, AL. "Corporate communication and media coverage of abnormal returns - evidence from the Portuguese capital market". CORPORATE COMMUNICATIONS (2020):
    10.1108/ccij-11-2019-0132
  22. Alves, CF; Filipe, EM. "Survivorship bias on the Momentum Effect: Evidence from the Portuguese Market". BOHR International Journal of Finance and Market Research (2020): https://www.authenticus.pt/P-017-3QW.
    10.54646/bijfmr.002
  23. Alves, Carlos. "Control mechanisms in the corporate governance of state-owned enterprises (SOEs): a comparison between Brazil and Portugal". Cadernos EBAPE.BR (2018): http://dx.doi.org/10.1590/1679-395172454.
    10.1590/1679-395172454
  24. Alves, C; Mendes, V; da Silva, PP. "Analysis of market quality before and during short-selling bans". RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE (2016): https://www.authenticus.pt/P-00K-223.
    10.1016/j.ribaf.2015.11.009
  25. Alves, Carlos. "Analysis of market quality before and during short-selling bans". Research in International Business and Finance (2016):
    000386009700017
  26. Alves, C; Mendes, V; da Silva, PP. "Do stress tests matter? A study on the impact of the disclosure of stress test results on European financial stocks and CDS markets". APPLIED ECONOMICS (2015): https://www.authenticus.pt/P-00A-2ZP.
    10.1080/00036846.2014.993132
  27. Alves, CF. "Evidence for the seasonality of European equity fund performance". APPLIED ECONOMICS LETTERS (2014): https://www.authenticus.pt/P-009-XSJ.
    10.1080/13504851.2014.914137
  28. Alves, C; Barbot, C. "Ignoring Spillover Effects of Airport Regulation Should Regulators Take Their Blinkers Off?". JOURNAL OF TRANSPORT ECONOMICS AND POLICY (2013): https://www.authenticus.pt/P-006-7FR.
  29. Alves, C.F.; Vicente, E.F.R.. "Does the Latin model of corporate governance perform worse than other models in preventing earnings management?". Applied Financial Economics 23 21 (2013): 1663-1673. http://www.scopus.com/inward/record.url?eid=2-s2.0-84886910805&partnerID=MN8TOARS.
    10.1080/09603107.2013.844322
  30. Alves, Carlos. "Mutual Funds Withdraw Shield: Performance or Agency Costs Driver?". Economics and Business Letters (2012):
  31. Alves, CF; Mouta, H. "Mutual funds withdraw shield: performance or agency costs driver?". Economics and Business Letters (2012): https://www.authenticus.pt/P-017-3QX.
    10.17811/ebl.1.1.2012.30-34
  32. Alves, C; Mendes, V. "Does performance explain mutual fund flows in small markets? The case of Portugal". PORTUGUESE ECONOMIC JOURNAL (2011): https://www.authenticus.pt/P-002-PDM.
    10.1007/s10258-010-0060-x
  33. Alves, C; Mendes, V. "Mutual funds biased preference for the parent's stock: Evidence and explanation". Applied Financial Economics (2010): https://www.authenticus.pt/P-007-V3A.
    10.1080/09603107.2010.491439
  34. Alves, CF; Barbot, C. "Rivalry amongst European low cost airlines: Are shareholders enjoying the game?". JOURNAL OF AIR TRANSPORT MANAGEMENT (2010): https://www.authenticus.pt/P-003-1ER.
    10.1016/j.jairtraman.2010.03.003
  35. Alves, CF; Barbot, C. "Price Discrimination Strategies of Low-cost Carriers". JOURNAL OF TRANSPORT ECONOMICS AND POLICY (2009): https://www.authenticus.pt/P-003-GAM.
  36. Alves, CF; Dos Santos, FT. "Do first and third quarter unaudited financial reports matter? The Portuguese case". EUROPEAN ACCOUNTING REVIEW (2008): https://www.authenticus.pt/P-004-36A.
    10.1080/09638180802156399
  37. Alves, CF. "O efeito da família jurídica na transposição da directiva das ofertas públicas de aquisição". Notas Económicas (2008): https://www.authenticus.pt/P-017-3R2.
    10.14195/2183-203x_27_3
  38. Alves, C; Mendes, V. "Are mutual fund investors in jail?". Applied Financial Economics (2007): https://www.authenticus.pt/P-007-JR9.
    10.1080/09603100600970073
  39. Alves, C.F.; Barbot, C.. "Do low cost carriers have different corporate governance models?". Journal of Air Transport Management 13 2 (2007): 116-120. http://www.scopus.com/inward/record.url?eid=2-s2.0-33846527905&partnerID=MN8TOARS.
    10.1016/j.jairtraman.2006.11.001
  40. Alves, C; Mendes, V. "Corporate governance policy and company performance: The Portuguese case". CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW (2004): https://www.authenticus.pt/P-000-9K8.
    10.1111/j.1467-8683.2004.00370.x
Preprint
  1. Moura, P; Barbosa, F; Alves, C; Camanho, AS. "The impact of the single supervisory mechanism on Eurozone banking: the assessment of trends in efficiency and frontier position". 2023. https://www.authenticus.pt/P-00Z-KG1.
    10.1080/00036846.2023.2290598
  2. Alves, CFF; Meneses, LL. "The Information Content in ESG' Scores and the Cost of Debt: Evidence that the Level of Indebtedness, Agency Costs, and the Type of Financial System Matter". 2023. https://www.authenticus.pt/P-011-4KT.
    10.2139/ssrn.4547043

Other

Other output
  1. Transnational Banking Supervision, Distance-to-Distress and Credit Risk: The SSM Case. 2022. Alves, C.F.; Marques, B.P.; Silva, J.C.. http://www.scopus.com/inward/record.url?eid=2-s2.0-85178533562&partnerID=MN8TOARS.
    10.2139/ssrn.4126352
  2. Do financial conglomerates have an incentive to prevent managers of other firms from pursuing their own interest?. 2011. Alves, C; Mendes, V. https://www.authenticus.pt/P-008-FVA.
    10.1108/s1569-3767(2011)0000012010
Distinctions

Award

1990 Prémio Banco de Portugal. [Currently named Prémio Professor Jacinto Nunes]
1990 Prémio Banco Totta & Açores “Melhor Aluno de Economia, Informática e Gestão” [Best Student in Economics, Informatics and Management Award]
Banco Santander Totta, Portugal
1990 Prémio Eng. António de Almeida. [Best Student in Economics Award]
Fundação Engenheiro António de Almeida, Portugal

Other distinction

2015 Medalha de Ouro Municipal
Câmara Municipal de Paços de Ferreira, Portugal