Mara Madaleno

Mara Madaleno
University of Aveiro | UA · GOVCOPP and DEGEIT

PhD
Assistant Professor, GOVCOPP and DEGEIT, University of Aveiro

About

177
Publications
34,142
Reads
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1,771
Citations
Citations since 2016
154 Research Items
1657 Citations
20162017201820192020202120220100200300400500600
20162017201820192020202120220100200300400500600
20162017201820192020202120220100200300400500600
20162017201820192020202120220100200300400500600
Additional affiliations
April 2007 - present
University of Aveiro
Position
  • Professor (Assistant)

Publications

Publications (177)
Article
Full-text available
The scientific literature and decision makers debate and explore education's influence on regional development. However, differences among EU regions remain to be explained. The present article proposes to measure these disparites in terms of the gross domestic product (GDP) per capita and understand how tertiary education can explain that performa...
Article
Full-text available
Considering the growing importance of sustainable investments worldwide, we explore the volatility transmission effects between the EURO STOXX Sustainability Index and the stock market indexes of its stocks. Using daily index return data, during 2000–2022, covering the COVID-19 pandemic, Multivariate Generalized Auto-Regressive Conditional Heterosk...
Chapter
Innovative educational methods such as gamification are gaining ground in more formal environments and have great potential to improve learning in education. However, the implementation of this strategy in the classroom is assumed to be a complex practice for beginners and requires the development of new competencies by educators. This chapter aims...
Article
Full-text available
Assessing tourism destination attractiveness is a dynamic procedure influenced by constantly changing factors. Despite the existence of various studies on destination attractiveness, less attention has been devoted to measuring the relevance of air quality. The growing concerns related to the impacts of air pollution worldwide, make it imperative t...
Article
Full-text available
The adjustment of services of general interest to ageing and shrinking populations is a significant challenge in many European regions. This article analyses the response in the number of primary schools to changes in the student population in the municipalities of mainland Portugal between 2007 and 2016. It focuses on the time lag of this adjustme...
Article
The G7 countries consist of some of the world's most developed nations which have economically flourished over the years. However, alongside such robust economic performances, the environmental qualities in these countries have rather aggravated to raise deep concerns among the stakeholders. Hence, this study is designed to empirically examine the...
Article
Full-text available
This paper aims to develop a model for predicting corporate bankruptcy for SMEs in the Portuguese manufacturing industry where this question remains rather unaddressed. Using profitability, activity, liquidity, leverage, and solvency ratios, it was added the size and age variables, for a group of 208 firms, including 49 bankrupt firms and 159 activ...
Article
Although a few studies have analyzed the nexus of renewable energy and green finance, the literature lacks the use of renewable energy by sources. The other major failure is that it uses only annual and small data. Therefore, this study investigates the connectedness and spillovers relationship between green finance and five types of renewable ener...
Article
Full-text available
Gender diversity in management has become of increased interest to academics and researchers in the last decades since women and men have different personal and psychological characteristics that affect their decision-making process in management actions and leadership. A female presence has been under-represented on companies’ boards of directors,...
Conference Paper
Environmental sustainability is an increasing concern in the present era, particularly in the tourism field, which is known as an industry with severe environmental impacts. Thus, raising awareness concerning the importance of adopting pro-environmental behaviors is mandatory to achieve truly sustainable development of the tourism sector. This stud...
Chapter
Full-text available
The population pyramid of the Portuguese population reveals an aged population as a consequence of low fertility rates and the growing life expectancy. In this scenario, some municipalities tend to create conditions and give incentives to attract the young population, or otherwise, even more, primary schools should be closed. The dynamic relation b...
Book
Full-text available
O desenvolvimento acelerado das tecnologias de informação e comunicação tem vindo a impor na agenda técnico científica o debate sobre a “forma” e o “conteúdo” do planeamento do território na sociedade contemporânea, reclamando alguns autores a necessidade de revisitar conceitos, princípios e definições clássicas do planeamento (Marques et al.,...
Article
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Education, financial knowledge, and energy literacy are seen as powerful tools that empower citizens and help them make informed decisions. Considering that both education and financial knowledge are often associated with better levels of energy literacy, we consider it important to check if there are common determinants between these three variabl...
Article
In a high tax burden environment related to electricity prices in Portugal, it is needed to establish fiscal and economic-political measures to lower the electrical price weight imposed on both households and non-households. The most effective way is to first be aware of its determinants. This paper contributes to the existent literature by analyzi...
Article
The energy stock market is characterized by high returns and strong volatility, and little is known about possible interactions between these companies in the literature. We studied the time series of 18 European energy companies’ daily stock prices during 2008–2018, including oil and natural gas prices. To analyze the relationship between the comp...
Article
Full-text available
Over the past three decades, researchers have extensively examined the environmental Kuznets curve (EKC) hypothesis. Despite their early focus on the ecological impacts of anthropogenic development, associated conclusions differ and often conflict. In this study, we conducted a state-of-the-art review of this topic and shed light on the methodologi...
Article
Full-text available
Using a unique or common measure of energy poverty is very limited for the true clas�sifcation of a household being in energy poverty. Thus, this study proposes a compos�ite indicator, whose weights will be determined from the estimation of two relationships using a robust and stable methodology based on information theory. This work considers two...
Article
Full-text available
It is important to unearth the role of structural change factors for sustainable growth in developed economies. Economic complexity, export product quality, and institutional indicators represent the overall structural change and transformation in an economy. This paper probed the influence of export product quality and economics of complexity on e...
Article
Purpose-This study examines the relationship between internal corporate governance mechanisms and firm risk-taking. Design/methodology/approach-This research comprises a sample of 38 non-financial Portuguese firms listed on Euronext Lisbon, over the period from 2007 to 2017. To test the formulated hypotheses we use panel-corrected standard errors (...
Article
The literature has mainly relied on an annual and short span of data to analyze the relationship between energy, environmental and financial indicators. This study analyzes the relationship between energy efficiency, energy research, pollution mitigation, and FinTech by applying two novel methods-the causality test in the frequency domain [11] and...
Article
Full-text available
Financial inclusion is a widely used measure to improve the living standards of households and foster inclusive economic growth. Thus, financial inclusion is one of the main policy objectives in developing countries. Besides, financial regulation (capital adequacy requirement) is a policy measure used to ensure financial stability. The objective of...
Chapter
The forensic accountant profession has been highly established around the world due to world-renowned financial scams that occurred from Malaysian to Europe and leading to closures and to failures like Adelphia and many more. Forensic accounting techniques are a consortium of investigation and interrogation attempts by corrupt financial gurus. The...
Chapter
This chapter intends to contribute to the analysis of forensic accounting (FA) techniques through a bibliometric review of the existent literature in order to understand the current state of FA research as well as to contribute to the analysis of the influence of FA on corporate governance. Although FA is a modern discipline, in recent years its re...
Book
The financial community has undergone a realization of the failure of corporate communication required for forensic professionals to expose structural weaknesses within businesses. Many organizations and businesses within the financial community have flawed internal controls, poor corporate governance, and fraudulent financial statements. It is vit...
Article
Full-text available
This study aims to assess the effect of financial inclusion and competitiveness on banks’ financial stability, considering the moderating role of financial regulation. To do so, we compare the effects of these variables in Sub-Saharan African (SSA) and Latin American and Caribbean (LAC) countries. Our results suggest that inclusion enhances bank st...
Article
Even though energy poverty has been widely discussed in many countries, only a few studies attempt to understand the nexus of race and energy poverty. To fill the gap in the literature, this study analyses the effect of race on energy poverty by employing the U.S. representative household panel data with 9043 complete surveys. This research address...
Article
The literature lacks enough evidence on the nexus of green finance and clean energy although the terms ‘green’ and ‘clean’ have been eminent concepts in sustainable development. Therefore, the fundamental objective of this study is to carry out the causal relationship among green finance, clean energy, environmental responsibility, and green techno...
Article
Full-text available
According to the definition that the European Commission (2001) offered us, corporate social responsibility is a set of measures that an organization can adapt, to improve the well-being of its stakeholders and promote the balance of economic, social, and environmental performance. The stakeholder theory clarifies that this decision-making must tak...
Article
This work aims to investigate a relationship between economic and environmental drivers under the economic diversification condition including seven economic activity sectors for a set of nine OPEC countries during 1974–2016. For validating the two Environmental Kuznets Curve – EKC – equations proposed, a panel data analysis was followed through th...
Article
This work aims to investigate a relationship between economic and environmental drivers under the economic diversification condition including seven economic activity sectors for a set of nine OPEC countries during 1974–2016. For validating the two Environmental Kuznets Curve – EKC – equations proposed, a panel data analysis was followed through th...
Article
Full-text available
The present study intends to explore the relationship between tourism growth and air pollution at a regional level for five important tourism European destinations: France, Spain, Greece, Portugal, and Italy. Most of the studies found in the literature examine this relationship on a national scale and focus only on the CO2 pollutant, which is a gre...
Chapter
This chapter intends to contribute to the analysis of gender diversity and financial risk through a bibliometric review of the existent literature to understand the current state of financial risk research as well as to contribute to the analysis of the influence of gender diversity on financial risk. Although there is extensive research on financi...
Article
Full-text available
This research aims to scan financial literacy in Mozambique, assessing its levels and identifying the sociodemographic factors that influence it, generalizing to the developing countries. Quantitative research was performed using a survey database of 3,875 respondents collected in Mozambique. Our results document that more than 61% of the responden...
Chapter
This chapter aims to fill the knowledge gap regarding the relationship between tourism and air quality, specifically in the Portuguese tourism industry, with a focus on tourist nationality. It examines whether this relationship differs according to tourist origin. This study uses an air pollutant, PM10, with a strong impact on human health that has...
Chapter
Earnings management and corporate governance relationships are examined for a sample of 49 Portuguese listed firms considering an unbalanced panel for the period 2002-2017, using panel corrected standard errors models and considering the family ownership effect. Empirical findings reveal that there is a positive relationship between corporate board...
Article
Economic agents need to adequately control, and measure potential financial losses associated with commodity price swings in the futures market. One of the ways to anticipate possible price swings is to measure Value-at-Risk (VaR). In its parametric form, the VaR calculation uses the volatility of a financial asset as a parameter to measure risk. V...
Presentation
Full-text available
ABSTRACT Concerning the last census 2021 in Portugal preliminary results, we observed, and have been an aim of several political and social discussions, on one hand, the loss of population in some territories, and on other hand, the rise in the population and attractivity in other cities and territories. The study of migrations among territories i...
Article
Energy literacy is seen as one of the most powerful tools, available to ordinary people, to contribute to a more sustainable world. Since women tend to be considered the main caregivers, due to their maternal instinct, being generally more attentive, more altruistic, and more concerned with the future of their children, are women more involved in t...
Article
Even though poverty is highly felt in developing economies, the lack of relevant and complete micro-level data limits understanding which households are more exposed to poverty and the role of financial inclusion in poverty in these countries. This research analyzes the effects of financial inclusion proxied by a multidimensional index on three pov...
Article
Financial inclusion has allowed financial products with very high-interest rates and complex conditions to become increasingly affordable. Financial inclusion programs, which aim to reach all social strata, strongly expose financial institutions to risk and particularly credit risk. That said, additional interventions such as financial education of...
Book
Full-text available
Este manual apresenta e clarifica conceitos e procedimentos relevantes no âmbito da avaliação de empresas, questão muitas vezes fundamental para a tomada de decisão. Para além dos métodos e técnicas tradicionais de avaliação, apresenta, numa abordagem distinta e inovadora conhecimento útil e atual sobre avaliação empresarial em vários contextos e r...
Conference Paper
This work aims to investigate a relationship between economic and environmental drivers under the economic diversification condition including seven economic activity sectors for a set of nine OPEC countries during 1974-2016. For validating the two Environmental Kuznets Curve –EKC- equations proposed, a panel data analysis was followed through the...
Article
Full-text available
The Nordic countries are well positioned in the main international economic, social, and sustainability indices, and the scientific literature that supports these indices argues that a rise in these rankings promotes economic growth. With this unprecedented empirical study, we intended to assess whether, in the case of the Nordic countries, the lon...
Article
Air quality is a topic with growing interest within the tourism industry, especially for destinations with a high volume of tourism. Several implications on tourism demand are already recognised, such as influence on health and well-being, travel behaviour and trip satisfaction. However, there is a knowledge gap concerning its influence on tourism...
Chapter
Economics and business are a great background for data science provided econometricians and data scientists are sets with an intersection, although remaining unknown. In econometrics, data mining is somewhat a monstrous word, a field that traditionally seeks causal inference and results in interpretability. When we go deeper into what data science...
Article
Despite the growing influence of air pollution on people’s behaviour, little attention has been given to visitors’ behavioural intentions towards air pollution episodes. Understanding visitors’ behaviours is crucial in developing effective marketing strategies and preventing damaging consequences for both visitors and destinations. This paper prese...
Preprint
The Nordic countries are practically always well positioned in the main international economic, social and sustainability indices and recommending the scientific literature that the variables that these indices intend to measure translate into sustainable economic growth, with this unprecedented empirical study we intend to verify through the ARDL...
Article
Monetary policy ensures the financial system stabilization. Financial inclusion, characterized by the access and use of available financial services (credit, savings, payments, insurance at a low cost), by a broader population, may explain the effectiveness of the monetary policy, especially in developing countries. The objective of this study is t...
Article
Full-text available
Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A coun...
Chapter
Using a sample of 47 Portuguese and Spanish firms for the period 2010 to 2017, the authors study the relationship between female presence on board and firm's accounting (ROA and ROE) and market-based (MTB and Tobin's Q) performance. They find that women on the board of directors is positively related to firm's performance, as well as the gender of...
Article
Full-text available
The search for answers as to the determinants that most influence countries`competitiveness has been a constant concern of economists especially in the last years. As competitiveness impacts economic growth, which in turn allows providing high levels of prosperity to citizens, it turns the topic hotter and more current. Competitive economies provid...
Article
Full-text available
The shrinking population in many European regions has led to a debate on the relation between the local provision of services of general interest and the demographic growth of different territories. Primary schools have been a frequent focus of this debate, given the significant number of school closures in recent years, as well as their social, ec...
Article
Full-text available
The pandemic caused by coronavirus SARS-CoV-2 (associated to the disease named COVID-19) is having a global impact that affects health, the economy and the environment. These impacts are negative in most of the sectors but benefits also occurred in specific fields. Tourism was one of the most negatively affected economic sectors, and in terms of be...
Article
This study examines the effects of financial inclusion on energy poverty using the 2018 Turkish Household Budget and Consumption Expenditure Surveys. The study adopts three different measures of energy poverty and then analyzes the impact of financial inclusion proxied by a multidimensional index on energy poverty using different estimation strateg...
Article
Full-text available
This paper evaluates the evolution of eco-efficiency for the 27 European Union (EU) countries over the period 2008–2018, provided the traditional high concerns of the EU concerning the economic growth-environmental performance relationship. The EU has triggered several initiatives and regulations regarding environmental protection over the years, b...
Article
Full-text available
Decreased greenhouse gas emissions (GHG) are urgently needed in view of global health threat represented by climate change. The goal of this paper is to test the validity of the Environmental Kuznets Curve (EKC) hypothesis, considering less common measures of environmental burden. For that, four different estimations are done, one considering total...
Article
Purpose The investigation of the relationship between gender diversity and corporate risk-taking is a recent stream of research. In this study, the authors propose an answer to the following main question: What do the authors know about gender effects in corporate risk-taking and how should we proceed? Design/methodology/approach In order to ensur...
Article
Full-text available
Abstract: This study aims to evaluate the economic and environmental efficiency of Asian and African economies. In the model proposed, Gross Domestic Product (GDP) is considered as the desired output and Greenhouse Gases (GHG), like carbon dioxide (CO2) emissions, as the undesirable output. Capital, labor, fossil fuels, and renewable energy consump...
Article
This study investigates the dynamic interdependence between CO2 emissions, real gross domestic product (GDP), renewable and non-renewable energy generation, urbanization, and export quality for both the top ten renewable energy and top ten economic complexity index (ECI) countries. The techniques of panel cointegration, long-run FMOLS, DOLS, and Gr...
Article
Air quality (AQ) is gaining considerable visibility within the tourism sector. However, despite several studies analysing the impact of tourism activities on the AQ of destinations, little is known about the inverse relation. This paper analyses the role of AQ on travel planning and the factors influencing it, specifically the influence of environm...
Chapter
This chapter intends to contribute to the analysis of corporate governance (CG) practices through a bibliometric review of the existent literature in order to understand the current state of CG, providing an overview of the main trends in this field of research. Although there is extensive research on CG, no recent studies try to update the current...
Chapter
This chapter intends to contribute to the analysis and comparison of the earnings management (EM) practices through a bibliometric review of the existent literature, in order to understand the current state of EM research, as well as to identify the main determinants for these kind of practices in firms. Although there are extensive research on EM,...
Article
Full-text available
A new time series model is proposed, allowing to test the hypotheses of neutrality, conservation, growth, or feedback hypothesis for a group of African countries included in OPEC (Algeria, Nigeria, Libya, Equatorial Guinea, Gabon, and Angola). The Autoregressive Distributed Lags (ARDL) unrestricted Error Correction Model (ECM) approach for the peri...
Article
Full-text available
Energy literacy is a useful tool that allows consumers to acquire the knowledge, desire, availability, and obliges to a personal commitment necessary for more efficient energy management. Knowledge about energy, the ability to perform financial calculations, attitude and behavior, all together allows evaluating the different aspects in which it may...
Article
Full-text available
We examine the impact of various factors on the quality of environmental disclosure using a sample of listed companies in Portugal and Spain for the period 2010–2017 using the generalized method of moments (GMM) and adding a sustainability index created through principal component analysis (PCA). The econometric model has been used to show the prac...
Article
Full-text available
On the 27th of February 2015, it was published, in Portugal, the Regulation for Sustainability and Efficient Use of Resources (RESEUR). This is one of the thematic areas created of Portugal 2020, a partnership agreement between Portugal and the European Commission, that regulates the access to European Structural and Investment Funds. RESEUR frames...
Article
Sectors contribute differently to the total level of CO2 emissions per capita, since they are heterogeneous in terms of GDP structure. This work investigates the Environmental Kuznets Curve hypothesis considering a set of twelve of the fourteen OPEC countries. It contributes to previous literature exploring the Environmental Kuznets Curve relations...
Conference Paper
We propose a new model in time series that allows to validate the hypotheses of neutrality, conservation, growth or feedback hypothesis for a group of African countries included in OPEC (Algeria, Nigeria, Lybia, Equatorial Guinea, Gabon and Angola). For this propose we use the Autoregressive Distributed Lags (ARDL) unrestricted Error Correction Mod...
Article
A great number of studies in the literature that estimates the impact of natural resource abundance on financial development proxies financialization with either domestic credit to the private sector or market capitalization of domestic companies. However, these proxies do not fully respond to the complicated structure of financial development. To...
Article
Cities and living standards contribute intensively to air pollution, an environmental risk factor which causes diseases. Recently, in developed countries, the majority of cities has grown rapidly and has experienced increasing environmental problems. In this article we analyze the effect of urban air pollution considering the available data for the...
Article
Purpose This article aims to verify if there are detectable barriers in price levels that are understood to be psychologically important (psychological barriers) in a set of hourly electricity prices. These barriers manifest themselves when the market struggles with a difficulty in crossing the barrier to a different level. Psychological barriers f...