Miguel Almeida Ferreira’s research while affiliated with NOVA School of Business and Economics and other places

... Impacto en la actividad económica y en el consumo de recursos Otra consecuencia económica del calor es que disminuye la actividad económica ya que las personas evitan salir a hacer compras por la elevada temperatura ambiente. La evidencia muestra el amplio impacto del aumento de las temperaturas en interacciones comerciales entre empresas y sus proveedores (Custódio, Ferreira, & Lam, 2021). Para explorar esta relación, los investigadores utilizaron datos de transacciones realizadas entre 2000 y 2015 de más de 2.200 empresas de Estados Unidos y los cruzaron con datos del clima, evaluando fluctuaciones en las operaciones cuando las temperaturas aumentaron. ...

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Islas Urbanas de Calor. Caracterización de una amenaza urbana y análisis de alternativas para su detección y adaptación.

... Additionally, the digital nature of P2P lending platforms enhances accessibility, enabling both individuals and SMEs to conveniently apply for loans online. By providing a more flexible and efficient funding option, fintech lending helps reduce SMEs' reliance on traditional bank financing, fostering greater financial inclusion and business growth [5,6]. ...

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The Impact of Fintech Peer to Peer Lending and E-Money Transaction on Economic Growth: The Moderating Role of Inflation

... Besides, Tavlas et al. (2020) support the idea that the lack of a central bank safety net in the markets for sovereign bonds intensified feedback loops, and Albertazzi et al. (2021) document that foreign lenders stabilise lending, reducing the doom loop. Bonfim et al. (2022) demonstrate how the negative feedback loop between sovereigns and banks can be exacerbated by banks' lending exposure to businesses with government contracts. ...

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"The diabolic loop between sovereign and banking risk in the euro area"

... The paper also adds to a growing literature that uses the Christmas draw of the Spanish National Lottery as a natural experiment to study its effects on voting behaviour (Bagues and Esteve-Volart, 2016), entrepreneurial activity (Bermejo et al., 2022), sentiments and durables consumption (Ghomi et al., 2022), or employment, business, and migration (Kent and Martínez-Marquina, 2022). This randomized experiment offers the advantages that most Spanish citizens participate in the draw (around 75% of the population), the draw takes place every year at the same date (22 nd December), winners tend to be geographically concentrated within regions, and the prizes represent a substantial share of regional GDP. ...

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Windfall money and outbound tourism: A natural experiment from lottery winnings

... Eça et al. (2021) find that funds from technology-based online platforms go to high-quality small firms that already have access to bank credit. Recent studies show that trade credit has been an important distribution channel for conventional and unconventional monetary policies (e.g., Adelino et al., 2023;Brechling & Lipsey, 1963). Allen et al. (2019) show that trade credit is more popular in regions with more developed banking. ...

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Alternative finance in the international business context: a review and future research

... Municipal credit ratings represent complicated and multidimensional assessments of a city's financial health packaged for voters into a simple performance metric. Credit ratings can give local voters what they need to know to assess incumbents' performance as financial stewards (Cunha, Ferreira, & Silva, 2022). They may also allow voters to make inferences about life in the city during the incumbent's tenure. ...

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Informing Voters About Public Finance: Evidence from a Survey Experiment

... Finally, it may also be that only in certain client segments there is competition, while in others the activities are complementary. Eça et al. (2022), based on data from the Peer-to-Business platform, show that LT can service SMEs with high creditworthiness that already have access to bank loans. Companies with low liquid assets and own capital use loan companies to obtain long-term unsecured loans and reduce their debt to banks. ...

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Digital loans and buy now pay later from LendTech versus bank loans in the era of ‘black swans’: Complementarity in the area of consumer financing

... Policies of central banks of large financial systems affect capital flows and credit cycles around the world, as evidenced by the positive correlation between domestic interest rates and euro area interest rates. (Vujčić, 2015) According to Adelino et al (2021), conventional monetary policy no longer has any larger effects, and emerging markets are forced to apply unconventional monetary policy to encourage monetary transmission in the desired direction. Therefore, the small, open economies are influenced by the monetary policy of larger financial systems and international financial markets. ...

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How to use the Linux Kali operating system and ethical hacking

... The complementary hypothesis suggests that a decline/rise in bank credit is accompanied by a decrease/increase in trade credit, thereby, exacerbating the impact on financially constrained firms of any financial contraction or expansion (De Blasio, 2003;Mateut, 2005;Jacobson and von Schedvin, 2015). The transmission of non-conventional monetary policy measures to trade credit can generally be independent of the bank lending channel (Adelino et al., 2020). Using the European Central Bank's (ECB) Corporate Sector Purchase Program (CSPP), they show that firms with access to bond markets (i.e., typically large firms) can act as financial intermediaries, by providing trade credit to their customers who do not have access to bond markets. ...

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Firm-Level Trade Credit responses to COVID-19-induced Monetary and Fiscal Policies: International Evidence

... 14 Although Lipper lists multiple share classes as separate funds, they have the same holdings, the same manager, and the same returns before expenses and loads. To prevent double counting of funds, we follow, e.g., Demirci, Ferreira, Matos, and Sialm (2020) and Ferreira, Keswani, Miguel, and Ramos (2019), and use the primary share class as our unit of observation and aggregate fund-level variables across different share classes. Our sample is restricted to domestic funds, i.e., those funds investing primarily in US stocks. ...

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Do machines beat humans? Evidence from mutual fund performance persistence