Fernando Anjos is an Associate Professor of Finance at NOVA SBE.
Fernando was previously an Assistant Professor of Finance at the University of Texas at Austin (McCombs School of Business); from 2009 through 2015; and an Assistant Professor of Finance at ISCTE Business School (2008-2009).
Fernando also has non-academic work experience; mostly in strategy and business development (Boston Consulting Group; Portugal Telecom).
Education
- Ph.D. in Finance, 2008 - Carnegie Mellon University, USA
- M.Sc. in Finance, 2004 - ISCTE Business School, Portugal
- BA in Economics, 1998 - Universidade Católica Portuguesa, Portugal
Refereed Publications
- Technological Specialization and the Decline of Diversified Firms
with Cesare Fracassi, Journal of Financial and Quantitative Analysis, vol. 53, August 2018, pgs. 1581-1614 (working paper version), (online appendix)
- Managerial Myopia, Financial Expertise, and Executive-Firm Matching
with Chang-Mo Kang, Journal of Corporate Finance, vol. 43, April 2017, pgs. 464-479
best paper award at 2014 FIRN conference (working paper version), (online appendix)
- Resource Configuration, Inter-Firm Networks, and Organizational Performance
Mathematical Social Sciences, vol. 82, July 2016, pgs. 37-48 (working paper version), (Matlab code for equilibrium computation and simulations data)
- Social Ties and Economic Development
with Jose Anchorena, Journal of Macroeconomics, vol. 45, September 2015, pgs. 63-84 (working paper version)
- Inter-Company Matching and the Supply of Informed Capital
with Alejandro Drexler, Journal of Economic Behavior and Organization, vol. 111, March 2015, pgs. 119-136 (working paper version), (online appendix)
- Shopping for Information? Diversification and the Network of Industries
with Cesare Fracassi, Management Science, vol. 61, no. 1, January 2015, pgs. 161-183 (working paper version), (online appendix)
- Commitment, Learning, and Alliance Performance: A Formal Analysis Using an Agent-Based Network Formation Model
with Ray Reagans, Journal of Mathematical Sociology, vol. 37, no. 1, February 2013, pgs. 1-23 (working paper version), (technical appendix)
- Investment Commitment and the Valuation of Underwriting Agreements for Rights Issues
Finance Research Letters, vol. 7, no. 4, December 2010, pgs. 202-213
- Costly Refocusing, the Diversification Discount, and the Pervasiveness of Diversified Firms
Journal of Corporate Finance, vol. 16, no. 3, June 2010, pgs. 276-287
Working Papers
- March by Design
with Ray Reagans
- Conglomerates with Financial Divisions: An Internal Capital Markets Perspective
with Cláudia Custódio, Nuno Fernandes, and João Magro, March 2018
- A Signaling Theory of Derivatives-Based Hedging
with Adam Winegar, August 2017
- Corporate Alliances, Resource Reallocation, and the Propagation of Merger Activity
with Harvey Jing, October 2013
Teaching
- Corporate finance, Corporate diversification, Mergers and acquisitions, Social and economic networks