Project

All Curricular Units taught throughout the academic component.

In this subject, it is intended to make the student aware of some of the main methodological tools to support the preparation of a dissertation and to familiarize him with the applied research work in finance that has been carried out, serving as a basis for reflection and motivation for the development of the non-teaching component of the master’s degree. At the end of the curricular unit, students should be prepared to initiate and structure research independently, although on a smaller scale in relation to the requirements of the final dissertation work. Other fundamental specific learning objectives are: knowing how to explain the relevance of the concrete subjects under analysis and the motivation for the development of research in the area; identify and model fundamental theoretical relationships; develop testable hypotheses; research and evaluate sources of information and data; interpret the results of empirical tests and assess their significance; structure and write a research report.

For this, before the beginning of the work of the students in the elaboration of the research project, a set of classes on research methodologies will be lectured intensively. These will form the basis for the development stage of the project. In these classes, the nature of research in finance and how to write and structure a research report will be discussed. Lectures will focus on research methods and data management. Then, during classes, students will have the opportunity to select a topic to study with a certain degree of depth based on a guided review of the academic literature. At this stage, tutorial meetings will be provided to students in order to discuss problems and difficulties that arise in the development of the research proposal work. The evaluation of the curricular unit will be based on the final written report of the project (research proposal) and its oral defense.

In this course, the aim is to sensitize the student to some of the main methodological tools to support the elaboration of a dissertation and to familiarize him with the applied research work in finance that has been carried out, serving as a basis for reflection and motivation for the development of the non-teaching component of the master’s degree. At the end of the course, students should be prepared to initiate and structure research independently, albeit on a smaller scale in relation to the demands of the final dissertation work. Other specific fundamental learning objectives are: knowing how to explain the relevance of the specific issues under analysis and the motivation for the development of research in the area; identify and model fundamental theoretical relationships; develop testable hypotheses; research and evaluate sources of information and data; interpret the results of empirical tests and assess their significance; structure and write an investigation report.

1 – Introduction: what is a Dissertation, Project and Report

2 – Panoramic view of the different research methodologies applied to finance.

3 – Seminar “research design in finance”: main steps and ethics

4- Case study

5 – Research seminars

. Questionnaires

. Panel data, using various estimation methods

. Factorial Analysis and Principal Components

. Interval Multi-Objective Portfolio Models

. DEA & SFA

.Banking system and performance

. Corporate Governance

. Ownership and corporate control

. Investments: ETFs; Mutual Funds

. Risk management and Governance

. Intellectual capital and financial performance

. CSR and Sustainability 

Green vs Black Funds 

NAO

Main references:

Hill, A., Hill, M.M. (2008), Investigação por Questionário, 2ª edição, Edições Sílabo.

Remenyi, D., Williams, B., Money, A., Swartz, E. (2002), Doing Research in Business and Management. An Introduction to Process and Method, Sage Publications.

Yin, R. (2008), Case Study Research. Design and Methods, 4th Edition, Sage Publications. Wooldridge, J. (2009), Introductory Econometrics: A Modern Approach, 4th Edition, Sage Publications.

Complementary:

Basso, A., & Funari, S. (2016). DEA Performance Assessment of Mutual Funds. In Data Envelopment Analysis (pp. 229-287). Springer US.

Christian H, and Schomaker, M. (2017). Introduction to Statistics and Data analysis: with exercises, solutions ans applications in R. Springer.

Creswell W., J. (2014). Research Design: qualitative, Quantitative, and Mixed Methods Approaches, 4^th Edition, Sage.

Gill, J & P Johnson (2010) Research Methods for Managers, 4th Edition, Sage.

Gouveia, Maria Do Castelo; Neves, Maria Elisabete Duarte;  Dias, Luís Cândido; Antunes, Carlos Henggele (2017). “Performance evaluation of Portuguese mutual fund portfolios using the Value-Based DEA method. Journal of the Operational Research Society, june, pg 1-13.

Henriques, C. O., & Neves, M. E. D. (2019). A multiobjective interval portfolio framework for supporting investor’s preferences under different risk assumptions. Journal of the Operational Research Society, 70(10), 1639-1661.

Louis-Philippe Rochon, Virginie Monvoisin (forthcoming), Finance, Growth and Inequality. Edward Elgar.

McMillan, K & J Weyer (2011) How to Write Dissertations and Project Reports, 2nd Edition, Prentice Hall

Neves, M. E. D., Fernandes, C. M., & Martins, P. C. (2019). Are ETFs good vehicles for diversification? New evidence for critical investment periods. Borsa Istanbul Review (forthcoming).

Neves, M. E., Henriques, C., & Vilas, J. (2019). Financial performance assessment of electricity companies: evidence from Portugal. Operational Research, 1-49.

Oliver Linton (2019). Financial Econometrics: Models and Methods Paperback 

Vieira, E., Neves, E., and Dias A. (2019). Determinants of Portuguese Firms’ Financial Performance: Panel Data Evidence, International Journal of Productivity and Performance Management (forthcoming)

Other references:

1- Neves, M.E; Dias, A., Ferreira, M., & Henriques, C.(2022). Determinants of wine firms’ performance: the Iberian Case using Panel Data, International Journal of Accounting and Information Management (forthcoming, accepted 21 january)
2- Henriques, C., Neves, M.E, Castelão, L.& Duc Khuong Nguyen (2022). Assessing the Performance of Exchange Traded Funds in the Energy Sector: A Hybrid DEA Multiobjective Linear Programming Approach, Annals of Operations Research, forthcoming.10.1007/s10479-021-04323-6

3- Proença, C., & Neves, E. (2021). Determinants of Iberian Companies Performance: Corporate boards and non-linearity of gender diversity. Gender in Management, forthcoming.

4- Neves, M.E, Maurício, G. & Rodrigues, L. (2022). Insider transactions and performance: The Portuguese companies case, New Challenges and Global Outlooks in Financial Risk Management, IGI Global Book (chapter 16).

5- Neves, M.E, Neves, R. & Leite, J. (2022). Does technical analysis win? Evidence from the period between Donald Trump’s campaign and the first date for Brexit. New Challenges and Global Outlooks in Financial Risk Management, IGI Global Book (chapter 17).

6- Neves. M. E, Oliveira, V., Leite, J. & Henriques, C. (2021). The global business cycle and speculative demand for crude oil, China Finance Review International, 11 (4), pp.502-521.https://doi.org/10.1108/CFRI-05-2021-0091.

7- Neves, M.E., Pinto, M., Fernandes, C. & Vieira, E. (2021). Value and Growth Stock Returns: International Evidence, International Journal of Accounting and Information Management, Vol. 29 No. 5, pp. 698-733. https://doi.org/10.1108/IJAIM-05-2021-0097.

8- Cascão, A. Pimentel, A., Neves, M.E. (2021), The Impact of Social Responsibility of Companies Performance: the case of IBEX 35,” 2021 16th Iberian Conference on Information Systems and Technologies (CISTI), 2021, pp. 1-8, doi: 10.23919/CISTI52073.2021.9476384.)

9- Neves, M.E., Afonso, L., Dias, A. & Lisboa, I. (2021). What factors can explain the performance of energy companies in Portugal? Panel Data Evidence, International Journal of Productivity and Performance Management, Vol. ahead-of-print No. ahead-of-print (forthcoming), https://doi.org/10.1108/IJPPM-01-2021-0057

10- Neves. M.E, Amado, J., & Montenegro, V. (2021). Performance of ExchangeTraded Funds in Europe: Beta-Performance Ratio, In book: Handbook of Research on Financial Management During Economic Downturn and Recovery. DOI: 10.4018/978-1-7998-6643-5.ch021

11- Proença, C., Neves, E., Dias, J.C., & Martins, P (2021). Determinants of sovereign debt ratings in clusters of European countries – effects of the crisis, Journal of Financial Economic Policy, Vol. ahead-of-print No. ahead-of-print (forthcoming). https://doi.org/10.1108/JFEP-01-2021-0017

12- Henriques, C. and Neves, E. (2021).Exploring the trade-off between liquidity, risk and return under sectoral diversification across distinct economic settings, Journal of Risk Finance, Vol. 22 No. 2, pp. 130-152. https://doi.org/10.1108/JRF-05-2020-0101

13- Neves, M.E., & Proença, C. (2021). Intellectual capital and financial performance: evidence from Portuguese banks, International Journal of Learning and Intellectual capital, 18(1), pp 93-108. DOI: 10.1504/IJLIC.2020.10031817