[Logo]Faculdade de Ciências Económicas e Empresariais

Rui Albuquerque

 

Positions Held: Full Professor
Telephone: +351 21 721 41 68
Email: ral@ucp.pt
Teaching areas:
International Finance, Investments, Corporate Governance 

Background:

 

Rui Albuquerque holds a B.A. (magna cum laude) in Economics from the Portuguese Catholic University, and M.A. and Ph.D. degrees in Economics from the University of Rochester where he won the Kaplan Award for the best graduate student of the Department of Economics.

Since 2005 he has been at the School of Management of Boston University where he is now an Associate Professor of Finance. He is a Research Affiliate at the Center for Economic and Policy Research in London, UK, and a Research Associate of the European Corporate Governance Institute, ECGI. Previously, Professor Albuquerque was at the Simon School of Business of the University of Rochester. He has also taught at the Portuguese Catholic University in Lisbon. Professor Albuquerque has consulted for the Centre of Applied Studies of the Portuguese Catholic University, the Bank of Portugal and the World Bank.

His research focus is on International Finance, Capital Markets and Governance. Professor Albuquerque has published in the top academic journals including The Review of Economic Studies, The Journal of Finance, the Journal of Financial Economics, and the Journal of International Economics.

In 2011 Professor Albuquerque received an R&D grant from the Foundation for Science and Technology and the Welcome II Programme grant from the Foundation for Science and Technology and Marie Curie Action Cofund. Professor Albuquerque's research was awarded the 2011 KPMG's Global Valuation Institute Research Grants, the 2011 Broderick Prize for Excellence in Research Scholarship, the 2008 Smith Breeden Distinguished Paper Prize, and the 2008 Standard Life Investments Finance Prize by the ECGI. He was distinguished in 2003 by the European Central Bank with the Lamfalussy Fellowship. He is currently a Dean's Research Fellow at Boston University School of Management.

 

   
Selected
Publications:

"The Value of Control and the Costs of Illiquidity," with Enrique Schroth,  The Journal of Finance (forthcoming)

"Advance Information and Asset Prices," with Jianjun Miao,  Journal of Economic Theory, Vol. 149, pp. 236-275, 2014.

"CEO Power, Compensation and Governance," Jianjun Miao, Annals of Economics and Finance, Vol. 14 (1), pp. 21 - 56, 2013.

"Skewness in Stock Returns: Reconciling the Evidence on Firm versus Aggregate Returns," Review of Financial Studies. Vol. 25 (5), pp. 1630-1673, May 2012.

"Quantifying private benefits of control from a structural model of block trades," with Enrique Schroth, Journal of Financial Economics 96 (1), pp. 33-55, April 2010.

"Comment on: Optimal taxation in the presence of bailouts," Journal of Monetary Economics 57 (1), pp. 117-119, January 2010.

"Global Private Information in International Equity Markets," with Greg Bauer and Martin Schneider, Journal of Financial Economics 94 (1), pp. 18-46, October 2009.

"Economic News and International Stock Market Co-Movement," with Clara Vega, Review of Finance 13(3), pp. 401-465, July 2009. (lead article)

"Marketwide Private Information in Stocks: Forecasting Currency Returns," with Eva de Francisco and Luis Marques, The Journal of Finance 63(5), pp. 2297-2343 (2008) .

"Agency Conflicts, Investment, and Asset Pricing," with Neng Wang, The Journal of Finance 63(1), pp. 1-40 (2008) (lead article).

"International Equity Flows and Returns: A Quantitative Equilibrium Approach", with Greg Bauer and Martin Schneider, The Review of Economic Studies 74(1), pp. 1-30 (2007).

"World Market Integration Through the Lens of Foreign Direct Investors," with Norman Loayza and Luis Servén, Journal of International Economics 66, pp. 267-295 (2005). (lead article)

"Optimal Lending Contracts and Firm Dynamics", with Hugo Hopenhayn, The Review of Economic Studies 71(2), pp. 285-315 (2004).

"The Composition of International Capital Flows: Risk Sharing Through Foreign Direct Investment," Journal of International Economics 61, pp. 353-383 (2003).

"On the Dynamics of Trade Reform," with Sergio Rebelo, Journal of International Economics 51, pp. 21-47 (2000).