Logotipo NIPE

Pessoas

  • Membros integrados

Manuel Rocha Armada

Doutoramento em Ciências Empresariais Universidade de Manchester

Sobre

Professor Catedrático de Finanças. Foi diretor de um Centro de Investigação da Escola, Vice-Presidente e Presidente da Escola. Licenciou-se em Gestão pelo ISEG, obteve o grau de Mestre em Gestão pela U. Kent e Doutoramento em Ciências Empresariais pela Manchester Business School.
Publicou em diversas revistas científicas, incluindo o European Journal of Finance, European Financial Management Journal, Industrial and Corporate Change, Review of Derivatives Research, Quantitative Finance, e Investment Analysts Journal. É membro do corpo editorial de várias revistas científicas.
Foi galardoado com o prémio “Best Paper Award” (com coautores) em três conferências internacionais de Finanças.
Ensinou, proferiu palestras e seminários em várias universidades e instituições financeiras nacionais e internacionais.
O Professor Rocha Armada foi visitante na Wharton School (EU), London Business School e Manchester Business School (RU), U. Zaragoza e U. Santiago (Espanha), U. Bergamo (Itália), U. São Paulo, U. Mackenzie e Fundação Getúlio Vargas (Brasil).
É/foi membro de várias associações académicas, e membro da direção da European Finance Association, Financial Management Association International e Portuguese Finance Network. É também membro da Academia Mexicana de Ciências da Administração.

 

Áreas de interesse

Finanças Empresariais
Finanças Comportamentais
Avaliação de desempenho de fundos de investimento
Opções Reais.

Publicações

Sardo, F , Serrasqueiro, Z , & Armada, M R (2024) Is the Zero-Leverage policy a persistent phenomenon? Evidence from Portuguese SMEs Research in International Business and Finance, 102271 DOI
da Silva, R A , da Costa Jr, N C , Piccoli, P , & da Rocha Armada, M J (2023)

Capital gains overhang and irrelevant value characteristics of Brazilian companies

Contaduría y administración, 68(4), 287-316 DOI
Sardo, F , Serrasqueiro, Z , & Armada, M R (2022)

The importance of owner loans for rebalancing the capital structure of small knowledge-intensive service firms

Research in International Business and Finance, 61, 101657 DOI
Sanvicente, A Z , Kayo, E K , da Rocha Armada, M J , & Nakamura, W T (2021)

New studies and research results on governance and finance in the Brazilian and Latin America contexts

Revista De Administracao Mackenzie, 21(6), ERAMD200301 DOI
Canton, C , Müller, M , da Silva, T P , & Armada, M R (2021)

Dificultad financiera y rendimiento de mercado de organizaciones latinoamericanas

Revista Facultad De Ciencias Económicas, 29(1), 11–26 DOI
Madaleno, M , Vieira, E , Lobão, J , & Armada, M R (2019)

Princípios de Finanças – Instrumentos financeiros – Teoria e Prática

Sílabo DOI
Prates, W , Jr , N D C , Armada, M R , & Silva, S D (2019)

Propensity to sell stocks in an artificial stock market

PLoS One, 14(4), e0215685 DOI
Leal, C C , Armada, M J R , & Loureiro, G (2018)

Individual investors repurchasing behaviour: evidence from the Portuguese stock market

European Journal of Finance, 24(11), 976–999 DOI
Leal, C C , Loureiro, G , & Armada, M J R (2018)

Selling Winners, Buying Losers: Mental Decision Rules Of Individual Investors On Their Holdings

European Financial Management, 24(3), 362–386 DOI
Leite, P , & Armada, M R (2017)

Bond Fund Performance During Recessions and Expansions: Empirical Evidence from a Small Market

International Review of Finance, 17(1), 163–170 DOI
Leite, P , Faria, O , & Armada, M R (2016)

The impact of the eurozone sovereign debt crisis on bond fund performance persistence: Evidence from a small market

Investment Analysts Journal, 45, S32–S45 DOI
Serrasqueiro, Z , Nunes, P M , & da Rocha Armada, M (2016)

Capital structure decisions: old issues, new insights from high-tech small- and medium-sized enterprises

European Journal of Finance, 22(1), 59–79 DOI
Armada, M J R , Sousa, R M , & Wohar, M E (2015)

Consumption growth, preference for smoothing, changes in expectations and risk premium

Quarterly Review of Economics and Finance, 56, 80–97 DOI
Silva, W M , Costa, N C A , Barros, L A , Armada, M R , & Norvilitis, J M (2015)

Behavioral finance: Advances in the last decade

RAE Revista De Administracao De Empresas, 55(1), 10–13 DOI
Armada, M J R , Pereira, P J , & Rodrigues, A (2013)

Optimal investment with two-factor uncertainty

Mathematics and Financial Economics, 7(4), 509–530 DOI
Pereira, P J , & Armada, M R (2013)

Investment decisions under hidden competition

Economics Letters, 121(2), 228–231 DOI
Adcock, C J , Cortez, M C , Armada, M J R , & Silva, F (2012)

Time varying betas and the unconditional distribution of asset returns

Quantitative Finance, 12(6), 951–967 DOI
Adcock, C , Areal, N , Armada, M , Cortez, M C , Oliveira, B , & Silva, F (2012)

Tests of the Correlation between Portfolio Performance Measures

Journal of Financial Transformation, 35, 123–132 DOI
Armada, M J R , & Sousa, R M (2012)

Can the wealth-to-income ratio be a useful predictor in alternative finance? evidence from the housing risk premium

International Symposia in Economic Theory and Econometrics, 22, 67–79 DOI
Armada, M J R , Pereira, P J , & Rodrigues, A (2012)

Optimal subsidies and guarantees in public-private partnerships

European Journal of Finance, 18(5), 469–495 DOI
Serrasqueiro, Z , Mendes, S , Nunes, P M , & Armada, M (2012)

Do the Investment Determinants of New SMEs Differ From Existing SMEs? Empirical Evidence Using Panel Data

Investment Analysts Journal, 76, 51–67 DOI
Armada, M R , Kryzanowski, L , & Pereira, P J (2011)

Optimal Investment Decisions for Two Positioned Firms Competing in a Duopoly Market with Hidden Competitors

European Financial Management, 17(2), 305–330 DOI
Serrasqueiro, Z S , Armada, M R , & Nunes, P M M (2011)

Pecking Order Theory versus Trade-Off Theory: Are service SMEs' capital structure decisions different?

Service Business, 5(4), 381–409 DOI
Leal, C C , Armada, M J R , & Duque, J C (2010)

Are all individual investors equally prone to the disposition effect all the time? New evidence from a small market

Frontiers in Finance and Economics, 7(2), 38–68 DOI
Serrasqueiro, Z S , Nunes, P M , Leitão, J , & Armada, M R (2010)

Are there non-linearities between SME growth and its determinants? A quantile approach

Industrial and Corporate Change, 19(4), 1071–1108 DOI
Leite, P , Cortez, M C , & Armada, M R (2009)

Measuring Fund Performance Using Multi-Factor Models: Evidence for the Portuguese Market

International Journal of Business, 14(3) DOI
Areal, N , Rodrigues, A , & Armada, M R (2008)

On improving the least squares Monte Carlo option valuation method

Review of Derivatives Research, 11(1), 119-151 DOI
Armada, M R , Kryzanowski, L , & Pereira, P J (2007)

A modified finite-lived American exchange option methodology applied to real options valuation

Global Finance Journal, 17(3), 419–438 DOI
Rodrigues, A , & Armada, M J R (2007)

The valuation of modular projects: A real options approach to the value of splitting

Global Finance Journal, 18(2), 205-227 DOI
Oliveira, B M N , & Armada, M R (2005)

Structural changes of the conditional volatility of Portuguese stock market

Multinational Financial Journal, 9(3-4), 189–214 DOI
Silva, F , Cortez, M C , & Armada, M J R (2005)

The persistence of European bond fund performance: Does conditioning information matter?

International Journal of Business, 4(10), 341–361 DOI
Silva, F , Cortez, M C , & Armada, M R (2004)

Bond return predictability: The European market

International Journal of Finance, 16(3), 3083–3114 DOI
Silva, F , Cortez, M C , & Armada, M R (2003)

Conditioning Information and European Bond Fund Performance

European Financial Management, 9(2), 201–230 DOI
Armada, M R , & Adcock, C (2003)

European Journal of Finance: Preface

European Journal of Finance, 9(5) DOI
Areal, N , & Armada, M R (2002)

The long-horizon returns behaviour of the Portuguese stock market

European Journal of Finance, 8(1), 93–122 DOI
Pinto, M H F , & Armada, M R (2002)

An autoregressive approach of the APT to the Portuguese stock market

International Journal of Business, 7(2), 37–52 DOI
Jorge, S , & Armada, M R (2001)

Factores determinantes do endividamento: uma análise em painel

Revista De Administração Contemporânea, 5(2), 9–31 DOI
Oliveira, B , & Armada, M R (2001)

The impact of the futures market´s introduction on the conditional volatility of the Portuguese stock market

Finance India, 15(4), 1251–1278 DOI
Howell, S D , & Armada, M R (2000)

Variation and covariation between market timing and selectivity: an alternative to traditional meta-analysis

International Journal of Business, 5(2), 57–96 DOI
Armada, M R , & Cortez, M C (1999)

Portfolio performance evaluation: historical evolution, issues and directions for future research

Portuguese Review of Financial Markets, 1(3), 51–73 DOI
Cortez, M C , Paxson, D A , & Armada, M R (1999)

The persistence of Portuguese mutual fund performance

European Journal of Finance, 5(4), 342–365 DOI
Areal, N , & Armada, M R (1999)

Testes paramétricos e não paramétricos de reversão para a média da rendibilidade de índices do mercado accionista

Revista De Administração Contemporânea, 3(2), 7–28 DOI
Cortez, M C , Paxson, D A , & Armada, M R (1999)

The persistence of Portuguese mutual fund performance

European Journal of Finance, 5(4), 342–365 DOI
Areal, N , & Armada, M R (1999)

Testes paramétricos e não paramétricos de reversão para a média da rendibilidade de índices do mercado accionista

Revista De Administração Contemporânea, 3(2), 7–28 DOI

ODS