Faculty – Leonardo Madureira

PhD, University of Pennsylvania, 2005
MA, University of Pennsylvania, 2001
MBA, Pontifical Catholic University, 1998
BS, Federal University of Rio de Janeiro, 1990

Interests and Courses

Research

Corporate Finance, Market Microstructure, Empirical Asset Pricing

Teaching

Corporate Finance, Financial Markets and Institutions, Financial Econometrics, Empirical Asset Pricing

Recent Courses and Syllabi

• Financial Econometrics
• Empirical Analysis in Finance
• Empirical Finance
• Financial Orientation

Selected Publications

• Madureira, L., Kadan, O., Zach, T., Wang, R. (2020).
  Sell-Side Benchmarks   (vol. 95, issue 1, pp. 211-232). The Accounting Review.
• Madureira, L., Cooney, Jr, J., Singh, A., Yang, K. (2015).
  Social Ties and IPO Outcomes   (vol. 33, ). Journal of Corporate Finance.
• Madureira, L., Kadan, O., Zach, T., Wang, R. (2012).
  Analyst's Industry Expertise   (vol. 54, issue 2-3, pp. 95-120). Journal of Accounting & Economics.
• Madureira, L., Anand, A., Gatchev, V., Pirinsky, C., Underwood, S. (2011).
  Geography and Price Discovery: Evidence from Nasdaq   (vol. 14, issue 22, pp. 193-226). Journal of Financial Markets.
• Madureira, L., Kadan, O., Zach, T., Wang, R. (2009).
  Conflicts of Interest and Stock Recommendations: Evidence from the Global Settlement and Related Regulations   (vol. 22, issue 10, pp. 4189-4217). Review of Financial Studies.
• Madureira, L., Underwood, S. (2008).
  Information, Sell-Side Research, and Market Making   (vol. 90, issue 2, pp. 105-126). Journal of Financial Economics.
• Madureira, L., Gomes, A., Gorton, G. (2007).
  SEC Regulation Fair Disclosure, Information and the Cost of Capital   (vol. 13, issue 2-3, pp. 300-334). Journal of Corporate Finance.
• Madureira, L. (2007).
  Ex Ante Real Rate and Inflation Premium Under Habit Consumption Model   (vol. 14, issue 3, pp. 355-288). Journal of Empirical Finance.
• Madureira, L., Singh, A. K., Boissin, R.
  Analysts’ Advice on IPOs and Regulations: An Analysis of US and European Markets  
• Madureira, L., Ellis, J., Underwood, S.
  The Causal Effects of Proximity on Investment: Evidence from Flight Introductions   Journal of Financial and Quantitative Analysis.

Presentations

• Madureira, L. (Presenter & Author)  Finance Seminar, "What Are Analysts Really Good At?", Case Western Reserve University, (2014).
• Madureira, L. (Author Only)  26th Australasian Finance and Banking Conference, "What Are Analysts Really Good At?", Institute of Global Finance and School of Banking & Finance at the Australian School of Business at UNSW, Sydney. (2013).
• Madureira, L. (Author Only), , O. K. (Presenter & Author)  24th Annual Conference on Financial Economics and Accounting, UNC, "What Are Analysts Really Good At?", Financial Economics and Accounting , UNC, Chapel Hill. (2013).
• Madureira, L. (Presenter & Author)  European Finance Association Conference, "Banking Relationships and Sell Side Research", European Finance Association, Cambridge, UK. (2013).
• Madureira, L. (Author Only)  American Finance Association Conference, "Stock Picking, Industry Picking, and Market Timing in Sell-Side Research", American Finance Association, San Diego. (2013).
• Madureira, L. (Presenter & Author)  JAE Conference, Wharton School, "Analysts' Industry Expertise", The Wharton School, University of Pennsylvania, Philadelphia, PA. (2011).

Awards

• Deborah and David Daberko Fellowship, Weatherhead School of Management. (2014).
• Lewis-Progressive Fellow, Case Western Reserve University. (2009).