Marcus V. Braga-Alves, Ph.D.

Marcus V. Braga-Alves, Ph.D.
Title: Associate Professor
Dept/Program: Department of Finance
Office: CBA 222
Phone: (330) 972 - 7823
Email: mbragaalves@uakron.edu

Education

  • Ph.D., Finance, University of Pittsburgh, Pittsburg, PA, (2008)
  • Master of Business Administration, Pace University, New York, NY, (2002)
  • Agricultural Engineering, Londrina State University, Londrina, Brazil, (1993)

Professional & Academic Experience

Academic Experience

  • Associate Professor of Finance, University of Akron, 2014-present
  • Assistant Professor of Finance, Marquette University, 2008-2014
  • Part-time Lecturer, University of Pittsburgh, 2006-2008

Professional Experience

  • Parana State Bank, Curitiba, Brazil
    Special Assistant to the Director, Foreign Exchange and International Operations, 1997-2000
  • Parana Commodities Exchange, Curitiba, Brazil
    Technical Consultant, 1996-1997

Teaching Experience

  • Marquette University
    Intro to Financial Management, Investment Analysis, Investments(MBA)
  • University of Pittsburg
    Intro to Finance, Investment Management, International Finance(MBA), Topics in Investment(MBA)

Professional Affiliations

  • Financial Management Association, 2007 – present
  • Midwest Finance Association, 2009 – present
  • Eastern Finance Association, 2009 – present
  • American Finance Association, 2012 – present

Research

Publications

  • “Failures to Deliver, Short Sale Constraints, and Stock Overvaluation” with Don Autore and Thomas Boulton, Financial Review, 50 (2015 - May) 143-172.
    • Presented at the 2012 American Finance Association Meeting
    • Semifinalist for one of six best paper awards at the 2010 FMA Meeting
  • “Does Equity-Based Compensation Make CEOs More Acquisitive?” with Thomas Boulton and Frederik Schlingemann, Journal of Financial Research, 37 (2014 - Fall) 267-293.
  • “The Flash Crash: An Examination of Shareholder Wealth and Market Quality” with Thomas Boulton and Manoj Kulchania, Journal of Financial Intermediation, 23 (2014) 140-156.
  • “The Discretionary Effect of CEOs and Board Chairs on Corporate Governance Structures” with Matteo Arena, Journal of Empirical Finance, 21 (2013) 121-131.
  • “Predicting Corporate Governance in Emerging Markets” with Matthew Morey, Journal of International Money and Finance, 31 (2012) 1414-1439.
  • “Payout Policy in Brazil: Dividends versus Interest on Equity” with Thomas Boulton and Kuldeep Shastri, Journal of Corporate Finance, 18 (2012) 968-979.
    • Best paper award, Journal of Corporate Finance Special Issue on South American Corporate Finance
  • “Naked Short Selling and Market Returns” with Thomas Boulton, Journal of Portfolio Management, 38 (2012) 133-142
    • Presented at The Federal Reserve Bank of Atlanta Conference on Short Selling: Costs and Benefits, Oct. 9, 2009
    • Profiled in “Struggle against speculators” Financial Times Deutschland, Apr. 9, 2009
  • “Corporate Governance, Valuation and Performance: Evidence from a Voluntary Market Reform in Brazil” with Kuldeep Shastri, Financial Management, 40 (2011) 139-157.
    • Profiled in CFA Digest, Aug. 2011, vol. 41, n. 3
  • “The Skinny on the 2008 Naked Short Sale Restrictions” with Thomas Boulton, Journal of Financial Markets, 13 (2010) 397–421.
    • Cited by the Center for the Study of Financial Regulation in their Finance Newsletter, Fall 2010
    • Cited by the World Federation of Exchanges in their Statement on Short Selling Bans, Feb. 9, 2009
    • Profiled in “Ban on short selling: a double-edged sword” LesEchos, Sep. 24, 2008

Conference Presentations (*presentations by coauthors)

  • “Does Equity-Based Compensation Make CEOs More Acquisitive?”
    • 2014 Midwest Finance Association Meetings
    • 2013 Financial Management Association Meetings
  • “Political Risk and the Equity Trading Costs of Cross-listed Firms”
    • 2014 Midwest Finance Association Meetings
  • “The Discretionary Effect of CEOs and Board Chairs on Corporate Governance Structures”
    • 2012 Financial Management Association Meetings*
    • 2012 Midwest Finance Association Meetings*
  • “Predicting Corporate Governance in Emerging Markets”
    • 2012 Financial Management Association Meetings
    • 2012 Midwest Finance Association Meetings
  • “The Flash Crash: Effects on Shareholder Wealth and Market Quality”
    • 2012 Financial Management Association Meetings*
    • 2012 Midwest Finance Association Meetings
    • 2012 Eastern Finance Association Meetings*
  • “Failures to Deliver, Short Sale Constraints, and Stock Overvaluation”
    • 2013 13th Brazilian Finance Meetings
    • 2012 American Finance Association Meetings*
    • 2011 Midwest Finance Association Meetings
    • 2010 Financial Management Association Meetings – Best paper award semifinalist*
  • “Payout Policy in Brazil: Dividends versus Interest on Equity”
    • 2010 Brazilian Finance Society Meetings – Best paper award winner*
  • “Naked Short Selling and Market Returns”
    • 2010 Midwest Finance Association Meetings*
    • 2009 The Federal Reserve Bank of Atlanta Conference on Short Selling: Costs and Benefits*
  • “The Skinny on the 2008 Naked Short Sale Restrictions”
    • 2009 Financial Management Association Meetings*
    • 2009 Midwest Finance Association Meetings

Awards and Honors

  • International Business Center Doctoral Research Grant, 2006, University of Pittsburgh
  • Katz Doctoral Student Research Grant, 2005, University of Pittsburgh
  • Graduate Assistantship, 2002 – 2006, University of Pittsburgh
  • Beta Gamma Sigma, 2002, Pace University Chapter
  • Graduate Assistantship, 2000 – 2002, Pace University