Rui Albuquerque

EDUCATION

Ph.D., University of Rochester
M.S., University of Rochester
Licenciatura in Economics, Universidade Católica Portuguesa, Lisbon

EXPERTISE/RESEARCH/TEACHING INTERESTS

Professor Albuquerque''s research interests include asset pricing, international finance, capital market imperfections, and corporate governance.

EDITORIAL POSITIONS

• Journal of Banking and Finance, Associate Editor, 2015-Present
• Portuguese Economic Journal, Associate Editor, 2015-Present
• Journal of Banking and Finance, ad hoc editorial committee special issue on Real Options, 2015
• Finance Research Letters, Associate Editor, 2013-2014
   

SELECTED APPOINTMENTS & AWARDS

• Research Fellow, Center for Economic and Policy Research
• Research Associate, European Corporate Governance Institute
• Smith Breeden Distinguished Paper Prize, Journal of Finance, 2008
• ECGI Finance Best Paper Award for 2013, 2008
   

SELECTED PUBLICATIONS

• “Valuation Risk and Asset Pricing” (with Martin Eichenbaum, Victor Luo and Sergio Rebelo) Journal of Finance, forthcoming.
• “Long-run Bulls and Bears,” (with Martin Eichenbaum, Dimitris Papanikolaou and Sérgio Rebelo). December 2014. _Journal of Monetary Economics. _Forthcoming.
• “The Value of Control and the Costs of Illiquidity,” (with Enrique Schroth) Journal of Finance, Vol. 70(4), pp. 1405-1455, August 2015.
• “Investment Analysis of Autocallable Contingent Income Securities,” (with Raquel Gaspar and Allen Michel) Financial Analysts Journal, Vol. 71, pp. 61–83, May/June 2015.
• “Trade Credit and Cross-Country Predictable Firm Returns,” (with Tarun Ramadorai and Sumudu W. Watugala) Journal of Financial Economics, vol. 115, pp. 592–613, March 2015.
• “Advance Information and Asset Prices,” (with Jianjun Miao) Journal of Economic Theory, Vol. 149, pp. 236–275, January 2014.
• “CEO Power, Compensation, and Governance,” (with Jianjun Miao) Annals of Economics and Finance, Vol. 14 (2), pp. 417-452, November 2013. 
• “Skewness in Stock Returns: Reconciling the Evidence on Firm versus Aggregate Stock Returns,” Review of Financial Studies, Vol. 25 (5), pp. 1630-1673, May 2012.
• “Quantifying private benefits of control from a structural model of block trades,” (with Enrique Schroth) Journal of Financial Economics, vol. 96(1), pp. 33-55, April 2010. 
• “Global Private Information in International Equity Markets,” (with Greg Bauer and Martin Schneider) Journal of Financial Economics, Vol. 94 (1), pp. 18-46, October 2009.
• “Economic News and International Stock Market Co-Movement,” (with Clara Vega), Review of Finance, Vol. 13(3), pp. 401-465, July 2009. (lead article)
• “Agency Conflicts, Investment, and Asset Pricing,” (with Neng Wang), The Journal of Finance, Vol. 63(1), pp. 1-40, February 2008. (lead article)
• “Marketwide Private Information in Stocks: Forecasting Currency Returns,” (with Eva de Francisco and Luis Marques) The Journal of Finance, Vol. 63(5), pp. 2297-2343, October 2008.
• “International Equity Flows and Returns: A Quantitative General Equilibrium Approach,” (with Greg Bauer and Martin Schneider) The Review of Economic Studies, Vol. 74(1), No. 258, pp. 1-30, January 2007.
• “World Market Integration Through the Lens of Foreign Direct Investors,” (with Norman Loayza and Luis Serven), Journal of International Economics, Vol. 66(2), pp. 267-295, August 2005. (lead article)
• “Optimal Lending Contracts and Firm Dynamics,” (with Hugo Hopenhayn) The Review of Economic Studies, Vol. 71(2), No. 247, pp. 285-315, April 2004. 
• “The Composition of International Capital Flows: Risk Sharing Through Foreign Direct Investment,” Journal of International Economics, Vol. 61(2), pp. 353-383, December 2003. 
• “On The Dynamics of Trade Reform,” (with Sérgio Rebelo) Journal of International Economics, Vol. 51(1), pp. 21-48, June 2000.