SUMMARY OF SCIENTIFIC RESEARCH (2010)

SUMMARY OF SCIENTIFIC RESEARCH (2010)

SUMMARY OF SCIENTIFIC RESEARCH 2010 Editor Joaquim J. S. Ramalho Technical Support and Graphical Design Ângela Pacheco January 2011 Universidade de Évora Palácio do Vimioso, Largo Marquês de Marialva, 8 7000-809 Évora, Portugal E-mail: cefage@uevora.pt Web: www.cefage.uevora.pt Telephone: (+351) 266 706 581 2

CONTENTS FOREWORD... 3 1. BRIEF OVERVIEW OF CEFAGE-UE... 4 2. RESEARCH GROUPS... 7 2.1. Econometrics and Finance Group... 7 2.1.1. Team members... 7 2.1.2. Publications... 10 2.1.3. Editorial activities... 13 2.1.4. Thesis supervision... 13 2.1.5. Funded research projects... 24 2.1.6. Presentations at conferences and seminars... 27 2.2. Environmental and Agri-Food Economics and Management Group.. 31 2.2.1. Team members... 31 2.2.2. Publications... 32 2.2.3. Editorial activities... 35 2.2.4. Thesis supervision... 35 2.2.5. Funded research projects... 43 2.2.6. Presentations at conferences and seminars... 45 2.3. Industrial, Labour and Spatial Economics Group... 48 2.3.1. Team members... 48 2.3.2. Publications... 52 2.3.3. Editorial activities... 55 2.3.4. Thesis supervision... 55 2.3.5. Funded research projects... 67 2.3.6. Presentations at conferences and seminars... 69 3. ORGANIZATION OF SCIENTIFIC EVENTS... 74 3.1. Conferences and Workshops... 74 3.2. Seminars... 74 4. WORKING-PAPER SERIES... 77 5. FCT UNDERGRADUATE RESEARCH SCHOLARSHIPS... 78 2

FOREWORD The Center for Advanced Studies in Management and Economics (CEFAGE-UE) was created in 2006. The main priority of CEFAGE-UE is to promote high-quality research in Economics and Management. CEFAGE-UE also pursues other activities, such as industry consulting and teaching of specialized courses. Hosted by the Universidade de Évora, most of CEFAGE-UE s researchers are simultaneously members of the Departments of Economics and Management of that university. Many researchers from other universities and polytechnic institutes are also members of CEFAGE-UE. Presently, the research unit of CEFAGE-UE has 40 integrated members holding a Ph.D. and 5 members who are currently working towards their PhD. This report describes the research activities of these 45 researchers in 2010. 3

1. BRIEF OVERVIEW OF CEFAGE-UE Executive board Joaquim José dos Santos Ramalho Director Ph.D. (Economics), U. Bristol, 2002 M.Sc. (Mathematics Applied to Economics and Business), ISEG/UTL, 1996 B.A. (Economics), U. Évora, 1993 Andreia Teixeira Marques Dionísio Vice-Director Ph.D. (Management), ISCTE, 2006 M.Sc. (Organization and Information Systems), U. Évora, 2001 B.A. (Business Management), U. Évora, 1997 Isabel Maria Pereira Viegas Vieira Vice-Director Ph.D. (Economics), U. Loughborough, 1999 M.Sc. (Economics), ISEG/UTL, 1995 B.A. (Economics), U. Évora, 1990 Cesaltina Maria Pacheco Pires Scientific Coordinator Ph.D. (Economics), M.I.T., 1994 M.B.A., INSEAD, 1989 B.A. (Economics), U. Nova, 1985 4

Aims The main priority of CEFAGE-UE is to promote the production and diffusion of high-quality research in Economics and Management. In particular, CEFAGE-UE aims: 1. To offer its members means to produce research publishable in well known scientific international journals, supporting the presentation of their on-going work in scientific meetings and the acquisition of books, software packages and databases. 2. To organize several seminars, conferences, workshops and other events to disseminate scientific results. 3. To organize Summer Schools, particularly in fields where it has a clear competitive advantage, in order to maintain its members up to date with the most recent technical advances. 4. To promote the participation of its members in national and international scientific networks. 5. To create a very stimulating research environment and promote a close cooperation between its members, encouraging the publication of their preliminary work in CEFAGE- UE s Working Paper Series and organizing an internal workshop series in order to facilitate the communication and sharing of ideas among them. 6. To serve as an incubator to its M.Sc. and PhD students, who will have the opportunity to participate in research projects, to present seminars and to publish their preliminary work in CEFAGE-UE s Working Paper Series. In addition, CEFAGE-UE also supports the consulting activities of its members. Research groups The research interests of CEFAGE-UE s members cover, among other fields, agricultural economics, econometrics, environmental resources, finance, industrial organization, innovation and entrepreneurship, international economics, labour economics, marketing and consumer behaviour, spatial economics and sustainable growth. Therefore, CEFAGE-UE is divided into three research groups: Econometrics and Finance Environmental and Agri-Food Economics and Management Industrial, Labour and Spatial Economics 5

Research Advisory Board Gordon J. Alexander John Spooner Chair in Investment Management Carlson School of Management, University of Minnesota Simon Burgess Professor of Economics Department of Economics, University of Bristol Luís M.B. Cabral W. R. Berkley Term Professor of Economics and Business Department of Economics, Stern School of Business, New York University Klaus G. Grunert Director of MAPP Centre for Research on Customer Relations in the Food Sector Department of Marketing and Statistics, Aarhus School of Business, University of Aarhus Steven Klepper Arthur Arton Hamerschlag Professor of Economics and Social Science Department of Social and Decision Sciences, Carnegie Mellon University Richard J. Smith Professor of Econometric Theory and Economic Statistics Gonville and Caius College, Faculty of Economics, Univeristy of Cambridge 6

2. RESEARCH GROUPS 2.1. Econometrics and Finance Group 2.1.1. Team members Principal Investigator Joaquim José dos Santos Ramalho Assistant Professor (U. Évora) Ph.D. (Economics), U. Bristol, 2002 M.Sc. (Mathematics Applied to Economics and Business), ISEG/UTL, 1996 B.A. (Economics), U. Évora, 1993 Research interests: Microeconometrics; Fractional Regression Models; Hedonic Housing Price Indexes; GMM and GEL Estimation and Inference; Applied Corporate Finance. Researchers Ana Fialho Silva Assistant Professor (U. Évora) Ph.D. (Management Sciences and Economics), U. Saragoça, 2004 MBA, ISEG/UTL, 1995 B.A. (Business Management), U. Évora, 1991 Research interests: Financial Accounting; International Accounting. Andreia Teixeira Marques Dionísio Basílio Assistant Professor (U. Évora) Ph.D. (Management), ISCTE, 2006 M.Sc. (Organization and Information Systems), U. Évora, 2001 B.A. (Business Management), U. Évora, 1997 Research interests: Econometrics; Econophysics; Financial Markets. Carlos Manuel Rodrigues Vieira Assistant Professor (U. Évora) Ph.D. (Economics), U. Loughborough, 1999 M.Sc. (Economics), ISEG/UTL, 1995 B.A. (Economics), U. Évora, 1990 Research interests: Monetary Economics; European Integration. 7

Elisabete Gomes Santana Félix Assistant Professor (U. Évora) Ph.D. (Management), ISCTE, 2008 M.Sc. (Management Sciences), INDEG/ISCTE, 1999 B.A. (Business Management), U. Évora, 1993 Research interests: Venture Capital; Real Options; Elaboration and Financial Analysis of Investment Projects; Social Entrepreneurship. Esmeralda Jesus Ratinho Lopes Arranhado Ramalho Assistant Professor (U. Évora) Ph.D. (Economics), U. Bristol, 2002 M.Sc. (Mathematics Applied to Economics and Business), ISEG/UTL, 1996 B.A. (Economics), U. Évora, 1994 Research interests: Microeconometrics. Fernanda Paula Mora Peixe Assistant Professor (U. Évora) Ph.D. (Economics), U. Birmingham, 2000 M.Sc. (Mathematics Applied to Economics and Business), ISEG/UTL, 1994 B.A. (Economics), U. Évora, 1990 Research interests: Econometrics. Isabel Maria Pereira Viegas Vieira Assistant Professor (U. Évora) Ph.D. (Economics), U. Loughborough., 1999 M.Sc. (Economics), ISEG/UTL, 1995 B.A. (Economics), U. Évora, 1990 Research interests: Financial Integration; International Finance. Jacinto António Setúbal Vidigal da Silva Associate Professor (U. Évora) Ph.D. (Business Management), U. Évora, 1997 B.A. (Business Management), U. Évora, 1983 Research interests: Business; Financial Management; Managerial Economics. Jorge Miguel Ventura Bravo Assistant Professor (Universidade de Évora) Ph.D. (Economics), U. Évora, 2008 M.Sc. (Monetary and Financial Economics), ISEG/UTL, 2002 B.A. (Economics), U. Évora, 1996 Research interests: Financial Economics; Longevity Risk and Actuarial Applications; Pension Economics and the Sustainability Social Security Systems. 8

Luís Fernandes Rodrigues Coordinator Professor (I. P. Viseu) Ph.D. (Corporate Management), U. Salamanca, 2002 M.Sc. (Financial Economics), U. Coimbra, 1996 B.A. (Economics), U. Coimbra, 1991 Research interests: Financial Insolvence; Capital Structure. Luís Miguel Serra Coelho Assistant Professor (U. Algarve) Ph.D. (Management), U. Edinburgh, 2008 M.Res. (Management Research), Crandfield University, 2005 M.Sc. (Finance), U. Algarve, 2003 B.A. (Economics), U. Algarve, 2001 Research interests: Corporate Finance; Capital Markets Theory; Accounting. Paulo Jorge Maçãs Nunes Assistant Professor (U.Beira Interior) Ph.D. (Economics), U. Beira Interior, 2002 M.Sc. (Economic Sciences), U. Beira Interior, 1999 B.A. (Economics), U. Évora, 1995 Research interests: Corporate Finance; Industrial Economics; Applied Economics. Rúben Miguel Torcato Peixinho Assistant Professor (U. Algarve) Ph.D. (Management), U. Edinburgh, 2009 M.Res. (Management), Crandfield University, 2005 M.Sc. (Corporate Finance), U. Algarve, 2002 B.A. (Business Management), U. Algarve, 1999 Research interests: Security Analysts; Going-Concern Audit Opinions; Market- Based Accounting Research; Financial Ratios. Victor Augusto Mendes dos Santos Researcher (CMVM) Ph.D. (Economics), U. South Carolina, 1990, B.A. (Economics), U. Porto, 1982. Research interests: Financial Economics; Behavioral Finance; Corporate Governance. 9

Zélia Serrasqueiro Assistant Professor (U. Beira Interior) Ph.D. (Management), U. Beira Interior, 2001 B.A. (Management), ISEG/UTL, 1988 Research interests: Corporate Finance; Financial Institutions and Small Business Financing; Small Business Management and Entrepreneurship. Ph.D. students José Eduardo Boto Correia M.Sc. (Finance), U. Lusíada, 2002 B.A. (Business Management), U. Évora, 1995 Research interests: Financial Markets; Corporate Finance; Derivative Securities. Paulo Ferreira M.Sc. (Economics), Universidade de Évora, 2006 B.A. (Economics) Universidade de Évora, 2003 Research interests: Econometrics; Monetary and Financial Economics; Entrepreneurship and Innovation. 2.1.2. Publications i) Articles published in scientific peer-review journals i.1) Articles published in selected journals (indexed in CEFAGE-UE ranking) Forthcoming: Alves, C., V. Mendes, "Does performance explain mutual fund flows in small markets? The case of Portugal", Portuguese Economic Journal, forthcoming. (D) Nunes, P.M., Z. Serrasqueiro, A. Nunes, L. Mendes, The relationship between companies growth and labour productivity in Portuguese SMEs: a dynamic panel data approach, Transformations in Business and Economics, forthcoming. (D) Ramalho, E.A., A. Caleiro, A. Dionísio, Explaining Consumer Confidence in Portugal, Journal of Economic Psychology, forthcoming. (B) Ramalho, E.A., J.J.S. Ramalho, Alternative versions of the RESET test for binary response index models: a comparative study, Oxford Bulletin of Economics and Statistics, forthcoming. (A) Ramalho, E.A., J.J.S. Ramalho, J.M.R. Murteira, Alternative estimating and testing empirical strategies for fractional regression models, Journal of Economic Surveys, forthcoming. (C) Serrasqueiro, Z., P.M. Nunes, Is age a determinant of SMEs financing decisions? Empirical evidence using panel data models, Entrepreurship Theory and Practice, forthcoming. (A) 10

2010 Serrasqueiro, Z., P.M. Nunes, The capital structure of Portuguese SMEs: empirical evidence using dynamic panel data, Transformations in Business and Economics, forthcoming. (D) Abreu, M., V. Mendes (2010), Financial literacy and portfolio diversification, Quantitative Finance, 10(5), 515-528. (C) (dx.doi.org/10.1080/14697680902878105) Alves, C., V. Mendes (2010), Mutual funds biased preference for the parent's stock: evidence and explanation, Applied Financial Economics, 20(16), 1309 1320. (D) (dx.doi.org/10.1080/09603107.2010.491439) Horta, P., C. Mendes, I. Vieira (2010), "Contagion effects of the subprime crisis in the European NYSE Euronext markets, Portuguese Economic Journal, 9(2), 115-140. (D) (dx.doi.org/10.1007/s10258-010-0056-6) Nunes, P.M., Z. Serrasqueiro, J. Leitão (2010), Are there nonlinear relationships between the profitability of Portuguese service SME and its specific determinants?, Service Industries Journal, 30(8), 1313 1341. (D) (dx.doi.org/10.1080/02642060802398853) Nunes, P.M., Z. Serrasqueiro, L. Mendes, T. Sequeira (2010), Relationship between growth and R&D intensity in low-tech and high-tech Portuguese service SMEs, Journal of Service Management, 21(3), 291-320. (C) Ramalho, E.A. (2010), Covariate measurement error: bias reduction under response-based sampling, Studies in Nonlinear Dynamics and Econometrics, 14(4), article 2. (C) (dx.doi.org/10.2202/1558-3708.1695) Ramalho, E.A., J.J.S. Ramalho, P.D.S. Henriques (2010), Fractional regression models for second stage DEA efficiency analyses, Journal of Productivity Analysis, 34(3), 239-255. (C) (dx.doi.org/10.1007/s11123-010-0184-0) Serrasqueiro, Z., P.M. Nunes (2010), Non-linear relationships between growth opportunities and debt: evidence from quoted Portuguese companies: evidence from quoted Portuguese companies, Journal of Business Research, 63(8), 870-878. (C) (dx.doi.org/10.1016/j.jbusres.2009.11.003) Serrasqueiro, Z., P.M. Nunes, J. Leitão, M. Armada (2010), Are there non-linearities between SME growth and its determinants? A quantile approach, Industrial and Corporate Change, 19(4), 1071-1108. (B) (dx.doi.org/10.1093/icc/dtp053) i.2) Articles published in ISI journals (not indexed in CEFAGE-UE ranking) Forthcoming: --- 2010 Hassani, H., A. Dionísio, M. Ghodsi (2010), The effect of noise reduction in measuring the linear and nonlinear dependency of financial markets, Nonlinear Analysis: Real World Applications, 11(1), 492-502. (dx.doi.org/10.1016/j.nonrwa.2009.01.004) 11

Mota, V., P.M. Nunes, A.F. Matos (2010), New construction and reconstruction: impact on growth of sub-regions of mainland Portugal, Amfiteatru Economic, 12(27), 168-176. Ramalho, E.A., J.J.S. Ramalho (2010), "Is neglected heterogeneity really an issue in binary and fractional regression models? A simulation exercise for logit, probit and loglog models", Computational Statistics and Data Analysis, 54(4), 987-1001. (dx.doi.org/10.1016/j.csda.2009.10.012) Serrasqueiro, Z., P.M. Nunes (2010), Are trade off and pecking order theories mutually exclusive in explaining capital structure decisions?, African Journal of Business Management, 4(11), 2216-2230. i.3) Articles published in other peer-reviewed journals Forthcoming: 2010 Serrasqueiro, Z., Are capital structure decisions of service SMEs different? Empirical evidence from Portugal, Management Research Review, forthcoming. Serrasqueiro, Z., The influence of age and size on the relationships between debt and determinants: An empirical study on portuguese SMEs, International Journal of Entrepreneurship and Small Business, forthcoming. Antunes, F., J. Costa, P.M. Nunes (2010), Ascertaining group decision auditing capabilities, International Journal of Business and Systems Research, 4(3), 246-263. Ferreira, P., A. Dionísio, C.P. Pires (2010), Adopt the Euro? The GME approach, Journal of Economic Interaction and Coordination, 5(2), 231-247. (dx.doi.org/10.1007/s11403-010-0062-x) Leitão, J., Z. Serrasqueiro, P.M. Nunes (2010), Testing Gibrat s law for listed Portuguese companies: a quantile approach, International Research Journal of Finance and Economics, 37, 147-158. Serrasqueiro, Z. (2010), Profitability determinants: differences between service and manufacturing Portuguese SMEs, Journal of Current Issues in Finance, Business and Economics, 3(2/3), 1-26. ii) Articles and chapters published in scientific books Forthcoming: Bravo, J.M.V., Sistemas de Contribuição Definida não Financeiros: Emergência de um Novo Paradigma na Reforma dos Sistemas de Pensões in REFORMA e reformas: Que desafios para um futuro?, CESNOVA, Universidade Nova de Lisboa, forthcoming. Bravo, J.M.V., J. Alho, E. Palmer, Life expectancy and annuities, in World Bank (eds.) Non- Financial Defined Contribution, Pension Systems: Progress and New Frontiers in a Changing Pension World, New York: World Bank - Swedish Social Insurance Agency, forthcoming. Rego, C., I. Vieira, C. Vieira, Práticas de microfinanciamento em regiões de baixa densidade: o caso do programa FAME, in Rui N. Baleiras (ed.) Casos de Desenvolvimento Regional, Associação Portuguesa de Desenvolvimento Regional, forthcoming. 12

2010 Horta, P., C. Mendes, I. Vieira (2010), Contagion effects of the US subprime crisis on developed countries, in I. Vieira, C. Vieira, A. Caleiro, C. Richter (eds.) Globalisation New Challenges Macroeconomic, International Trade and Financial Issues, Saarbrücken: Lambert Academic Publishing, pp. 176-196 (ISBN: 978-3-8383-6250-2). Serrasqueiro, Z. (2010), Profitability determinants: an empirical study of Portuguese SMEs, in C.V. Karsone (ed.) Finance and Banking Developments, New York: Nova Science Publishers, pp. 75-97 (ISBN: 9781608763290). iii) Scientific books --- iv) Theses In progress: Correia, J., Three Essays on Liquidity, Ph.D. thesis, ISEG/UTL, Portugal. Ferreira, P., Estudo exploratório das Potencialidades da Entropia: Análise da Dependência não Linear e Estimação de Funções de Utilidade, Ph.D. thesis, Universidade de Évora, Portugal. Concluded: --- 2.1.3. Editorial activities i) Edition of scientific books Forthcoming: --- 2010 Vieira, I., C. Vieira, A. Caleiro, C. Richter, eds. (2010), Globalisation New Challenges Macroeconomic, International Trade and Financial Issues, Saarbrücken: Lambert Academic Publishing (ISBN: 978-3-8383-6250-2). ii) Edition of journal issues --- 2.1.4 Thesis supervision 13

i) Ph.D. supervisions i.1) Concluded Title: Acordo de Basiliea II: Análise da Adequação do Rácio Mínimo de Solvabilidade à Realidade do Sector Bancário Português Author: Maria C.P. Pires Supervisor(s): Carlos M.P. Silva, Isabel Vieira Degree: Ph.D. (Management) Institution: Universidade da Évora i.2) In progress Working Title: A Importância da Informação Contabilística e Financeira nas Empresas Familiares de Capital Fechado Author: Clara Monteiro Supervisor(s): Ana Fialho Degree: Ph.D. (Management) Working Title: A Adopção das Normas Internacionais de Contabilidade na União Europeia e a Harmonização Material nas Empresas Author: Pires dos Reis Supervisor(s): Ana Fialho, Ana Morais Degree: Ph.D. (Management) Working Title: Utilidade da Informação Financeira na Gestão de Pequenas e Médias Empresas Portuguesas Author: Orlando Roque Supervisor(s): Ana Fialho, Patrícia Milanês Degree: Ph.D. (Management) Working Title: Estudo exploratório das Potencialidades da Entropia: Análise da Dependência não Linear e Estimação de Funções de Utilidade Author: Paulo Ferreira Supervisor(s): Andreia Dionísio Degree: Ph.D. (Management) Working Title: O Impacte da Estimação do Tráfego Aéreo de Passageiros e a Potencialidade do Aeroporto Internacional de Lisboa. Author: José Vicente Supervisor(s): Andreia Dionísio, Manuela Oliveira Degree: Ph.D. (Management) Working Title: As Marcas de Distribuição e a Gestão do Sortido dos Retalhistas Alimentares Author: Duarte Xara-Brasil Supervisor(s): Cristina I. Marreiros, Andreia Dionísio Degree: Ph.D. (Management) Working Title: O Sector Bancário em Portugal: Avaliação do Impacto das Estratégias de Concentração na sua Produtividade e Rendibilidade 14

Author: Ana I.R. Martins Supervisor(s): Jacinto Vidigal da Silva, Efigénio Rebelo Degree: Ph.D. (Management) Institution: Universidade do Algarve Working Title: Efeito da Regulamentação e da Descentralização do Poder de Decisão nas Estratégias de Financiamento do Sector Bancário: Evidência dos Bancos Portugueses Author: Cristina M.P. Pedro Supervisor(s): Jacinto Vidigal da Silva, Joaquim J.S. Ramalho Degree: Ph.D. (Management) Working Title: Impacto da Propriedade Familiar do Capital no Processo de Decisão de Financiamento das Empresas Portuguesas Author: Rui M.S. Rita Supervisor(s): Jacinto Vidigal da Silva, Joaquim J.S. Ramalho Degree: Ph.D. (Management) Working Title: Manipulação de Resultados em Empresas Cotadas e Não Cotadas: Análise Intersectorial Author: Filipa Nogueira Supervisor(s): Jacinto Vidigal da Silva, Joaquim J.S. Ramalho Degree: Ph.D. (Management) Working Title: O Papel dos Fluxos Migratórios na Projecção da Fecundidade como Componente de um Modelo de Projecções de População Residente em Portugal Author: Maria da Graça V.L. Magalhães Supervisor(s): Jorge M.V. Bravo, M. Filomena Mendes Degree: Ph.D. (Sociology) Working Title: Existe Vida Após a Falência? Evidência do Mercado Americano Author: Fernando Teixeira Supervisor(s): Luís M.S. Coelho, Rúben Peixinho Degree: Ph.D. (Management) Institution: Universidade do Algarve Working Title: Os Determinantes do Investimento e do Crescimento das Empresas Portuguesas Author: Sílvia M.D. Mendes Supervisor(s): Paulo Maçãs Nunes, Zélia Serrasqueiro Degree: Ph.D. (Economics) Institution: Universidade da Beira Interior Working Title: The Influence of Macroeconomic on Companies Capital Structure: a Comparative Analysis between Countries with Different Financial Systems Author: Márcia C.R. Rogão Supervisor(s): Paulo Maçãs Nunes, Zélia Serrasqueiro Degree: Ph.D. (Economics) Institution: Universidade da Beira Interior Working Title: O Impacto da Adopção das Normas Internacionais de Contabilidade no Valor das Empresas: Um Estudo Sobre o Sector Turístico Europeu Author: Emílio Rebelo Supervisor(s): Rúben Peixinho, Luís M.S. Coelho Degree: Ph.D. (Tourism) 15

Institution: Universidade do Algarve ii) M.Sc. supervisions ii.1) Concluded Title: As Teorias do Trade - Off e do Pecking Order: Evidência Empírica das PME Portuguesas Author: Helder J.A. Castro Supervisor(s): Elisabete G.S. Félix Title: Factores Determinantes do Sucesso das PME em Portugal: O caso de Lisboa Author: José A.K. Santos Supervisor(s): Elisabete G.S. Félix Title: O Efeito Sorriso da Volatilidade: Uma Análise do PSI 20 e de Onze das Empresas que o Constituem Author: Anabela Batista Supervisor(s): Isabel Vieira Title: A Relação entre o Governo das Sociedades e a Rendibilidade das Empresas Cotadas na Euronext Lisboa no Período entre 2003 e 2007 Author: Pedro M.B. Pinheiro Supervisor(s): Jacinto Vidigal Silva Title: A Teoria dos Custos de Agência e a Teoria da Pecking Order: Evidência das 100 Maiores Empresas da Região de Leiria de 2006 Author: Marisa L.C. Sabino Supervisor(s): Jacinto Vidigal da Silva, Joaquim J.S. Ramalho Degree: M.Sc. (Monetary and Financial Economics) Title: Are the Determinants of Young SMEs Profitability Different? Empirical Evidence Using Dynamic Estimators Author: Ana C.R. Viveiros Supervisor(s): Paulo Maçãs Nunes Degree: M.Sc. (Economics) Institution: Universidade da Beira Interior Title: The Influence of Age on the Relationships Between SMEs Growth and its Determinants: Empirical Evidence Using Panel Data Author: Marco X.B.M. Gonçalves Supervisor(s): Paulo Maçãs Nunes Degree: M.Sc. (Economics) Institution: Universidade da Beira Interior Title: Determinantes do Endividamento Autárquico: Evidência Empírica Para os Municípios Portugueses Utilizando Modelo de Dados em Painel 16

Author: Catarina G. Fernandes Supervisor(s): Paulo Maçãs Nunes, António Fernandes de Matos Degree: M.Sc. (Economics) Institution: Universidade da Beira Interior ii.2) In progress Working Title Análise da Influência dos Indicadores Económicos, Nacionais e Internacionais no PSI 20 Author: Tiago Simenta Supervisor(s): Andreia Dionísio Working Title: Caracterização do perfil dos Assistentes do Call Center da Fidelidade Mundial Author: Cláudia Rosa Supervisor(s): Andreia Dionísio Degree: M.Sc. (Mathematics) Working Title: Estudo de Mercado Estudo de Caso Author: Nélida Branco Supervisor(s): Andreia Dionísio Degree: M.Sc. (Mathematics) Working Title: Estudos de Mercado Segmentação e Posicionamento Author: Célia Marmelo Supervisor(s): Andreia Dionísio Degree: M.Sc. (Mathematics) Working Title: Gripe A no Alentejo A Vacina Contribui para Melhor Qualidade de Saúde? Author: Ana Mendes Supervisor(s): Andreia Dionísio Degree: M.Sc. (Mathematics) Working Title: O Impacto das Actividades Promocionais na Compra do Iogurte Author: Ana C.B. Zambujeira Supervisor(s): Andreia Dionísio, Cristina I. Marreiros Degree: M.Sc. (Business) Working Title Bibliotecas Académicas 2.0 em Portugal Author: António Cachopas Supervisor(s): António Calixto, Andreia Dionísio Degree: M.Sc. (Archives, Libraries and Information Sciences) Working Title: Análise dos Factores Determinantes da Exposição Cambial no Sector Bancário Angolano com Ênfase na Taxa de Câmbio Author: Lucas A. Mujamena Supervisor(s): Carlos Vieira Degree: M.Sc. (Applied Economics and Management) 17

Working Title: Comparação do Grau de Convergência Económica/Financeira dos Países Comunitários que estão no Euro e Fora do Euro Author: Pedro M.L. Carola Supervisor(s): Carlos Vieira Degree: M.Sc. (Economics) Working Title: O Impacte da Adopção do Euro na Economia Cabo-Verdiana Author: Soeli Santos Supervisor(s): Carlos Vieira Degree: M.Sc. (Economics) Working Title: O Sistema de Garantia Mútua em Portugal: Solução no Acesso ao Crédito para PME s Author: Bruna Simões Supervisor(s): Carlos Vieira Degree: M.Sc. (Monetary and Financial Economics) Working Title: Capital de Risco como Estímulo para a Criação de Empresas de Sucesso em Portugal Author: Francisco Manuel Ramos Lucas Supervisor(s): Elisabete G.S. Félix Working Title: Elaboração e Análise de um Estudo de Viabilidade Económica para a Implementação de um Projecto de Floricultura em Estufa Author: João C.F. Ramos Supervisor(s): Elisabete G.S. Félix Working Title: Empresas Sociais como Modelo de Sustentabilidade das Instituições Particulares de Solidariedade Social Author: Hugo M.S. Rosário Supervisor(s): Elisabete G.S. Félix Working Title: Equilíbrio Financeiro Medido pelo Fundo de Maneio: A Análise do Fundo de Maneio em Empresas Angolanas de Capital Fechado Author: Gustavo da Silva Toi Luhuma Supervisor(s): Elisabete G.S. Félix Working Title: Uma Análise à Implementação de Sociedades de Capital de Risco em Angola: Vantagens e Riscos Author: Miguel Manuel Constantino Pereira Supervisor(s): Elisabete G.S. Félix Working Title: Decisões de Investimento e Análise de Projectos de Investimento em Angola Author: Eloi André Gomes Domingos Supervisor(s): Elisabete G.S. Félix, Jacinto Vidigal da Silva 18

Working Title: Arremedilho de Sabores, Restauração, Lda Plano de Negócios Author: Paula C.V. Silva Supervisor(s): Elisabete G.S. Félix, Sandra Oliveira Working Title: Gestão Partilhada Author: Horácio D.G. Silva Supervisor(s): Elisabete G.S. Félix, Sandra Oliveira Working Title: Misericórdias A sua Sustentabilidade Económica e Financeira no Distrito de Setúbal Author: Carlos Manuel Evangelho dos Santos Cardoso Supervisor(s): Elisabete G.S. Félix Working Title: O Papel do Analista de Crédito na Banca - Caso Banco de Fomento Angola Author: Domingas Maria Bernardo Velasco Escórcio Supervisor(s): Elisabete G.S. Félix Working Title: O Plano de Negócios como Estratégia de Inserção de Novos Produtos no Mercado e a Vantagem Competitiva na Inovação: O Caso da Pimensor, Sociedade Comercial de Produtos Alimentares, Lda Author: Lêda P.T. Lobato Supervisor(s): Elisabete G.S. Félix Working Title: O Tecido Empresarial da Região Alentejo Central antes e pós o FINICIA Author: Ana F.S. Cavaco Supervisor(s): Elisabete G.S. Félix Working Title: Plano de Negócios da BioWood Energy Author: Nuno V.S. Malta Supervisor(s): Elisabete G.S. Félix Working Title: Contribuição da Banca para o Desenvolvimento Regional no Alentejo Central Author: Amílcar A. C. Caldes Supervisor(s): Isabel Vieira Degree: M.Sc. (Economics) Working Title: Avaliação de Empresas: A Angases, Lda e o seu Contexto no Mercado Angolano Author: Tito M.J.A.P. Handenge Supervisor(s): Jacinto Vidigal da Silva, Andreia Dionísio 19

Working Title: Avaliação de Empresas (Caso de Estudo: A Cometa, U.E.E.) Author: Vicente P. Agostinho Supervisor(s): Jacinto Vidigal da Silva, Andreia Dionísio Working Title: Avaliação de Empresas: O Caso da Pólvoras e Explosivos de Angola, SA Author: Silva V. Haquela Supervisor(s): Jacinto Vidigal da Silva, Andreia Dionísio Working Title: Impacto da Inflação na Estrutura de Capitais das Empresas Angolanas "Estudo do Caso BCI-Imobiliária" Author: Humberto M.M. Félix Supervisor(s): Jacinto Vidigal da Silva, Andreia Dionísio Working Title: Micro Empresas em Luanda. Necessidades de Financiamento Iniciais - Factores Determinantes Author: Maria Imaculada João Supervisor(s): Jacinto Vidigal da Silva, Andreia Dionísio Working Title: Fontes de Financiamento das PME em Angola: Acesso, Limitações e Condicionantes Author: Manuel R.D. da Silva Supervisor(s): Jacinto Vidigal da Silva, Elisabete Félix Working Title: Como Será Possível Implementar com Êxito a Bolsa de Valores num País com Dificuldades nos Serviços de Contabilidade Financeira e suas Influências na Melhoria dos Indicadores de tais Serviços em Angola Author: Trindade G.C. da Costa Supervisor(s): Jacinto Vidigal da Silva, José Correia Working Title: Fundos de Pensões: Transformações Recentes e Perspectivas no Sistema Financeiro Angolano Author: José J.C. Zau Supervisor(s): Jacinto Vidigal da Silva, José Correia Working Title: O Impacto da Crise Económica e Financeira nas PME: Análise a Empresas do Pólo Industrial de Viana/Luanda Author: Rui J.M. Escórcio Supervisor(s): Jacinto Vidigal da Silva, José Correia 20