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Heitor Almeida

Professor of Finance and Stanley C. and Joan J. Golder Chair in Corporate Finance


Educational Background

PhD Economics, University of Chicago, 2000
Master in Economics, PUC-Rio at Rio de Janeiro, RJ, 1995
BA Business Administration, UNA, Belo Horizonte, UG, 1993
BA Economics, UFMG at Belo Horizonte, MG, 1991

Positions Held

Stanley C. and Joan J. Golder Distinguished Chair in Finance, University of Illinois, 2011-2018
Research Associate, National Bureau of Economic Research, 2010-2018
Professor of Finance, University of Illinois, 2009-2014
Director of the Finance PhD program, University of Illinois, 2008-2017
Associate Professor of Finance, University of Illinois, 2009-2011
Faculty Research Fellow, National Bureau of Economic Research, 2005-2010
Associate Professor of Finance, Stern School of Business, New York University, 2007-2009
Assistant Professor of Finance, Stern School of Business, New York University, 2000-2006
Visiting Professor, FGV-Rio, 2001-2003

Recent Publications

Almeida, H., Campello, M., Cunha, I., Weisbach, M. Forthcoming. Corporate Liquidity Management: A Conceptual Framework and Survey. Annual Review of Financial Economics

Almeida, H., Campello, M., Galvao, A. Forthcoming. Assessing the Performance of Estimators that Deal with Measurement Error in Linear Models. In Chang-Few Lee (Ed.), Handbook of Financial Econometrics and Statistics. Dordrecht: Springer.

Almeida, H., Cunha, I., Ferreira, M., Restrepo, F. 2017. The Real Effects of Credit Ratings: The Sovereign Ceiling Channel. Journal of Finance, 249-290

Honors and Awards

Professor of the Year, 2015 EMBA Class, UIUC, 2015

Service Activities

Track Chair, FMA, 2018
Keynote Lecturer, Specialized invite lecture at the Brazilian Finance Meeting, SFS Conference, 2018
Associate Editor, Journal of Banking and Finance, 2017-2018
Presenter, Seminar Invitations, Cass Business School, Edinburgh Business School, University of Cincinnati, Banco de Portugal, Washington University at St. Louis, University of Colorado at Boulder, University of Illinois at Chicago,, 2017-2018
Associate Editor, Journal of Financial Intermediation, 2013-2018
Associate Editor, Management Science, 2010-2018
Associate Editor, International Review of Finance, 2008-2018
Lecture, Special lecture at the European Financial Management Association Meeting, AFA, 2017
Presenter, Michigan State University, University of Iowa, University of Bristol, University of Exeter, University of Mannheim, Frankfurt Business School, Goethe University, Federal Reserve Board, 2016-2017
Associate Chair, SFS Finance Cavalcade, 2015-2017
Conference Organizer, Board Member, SFS, 2015-2017
Lecture, New Research & Outlook on Credit Markets, AFA, NYU Salomon Center/Global Market Intelligence Conference, 2016
Lecturer, New Research & Outlook on Credit Markets, FMA, 2016
Lecture, New Research & Outlook on Credit Markets, JFLA Conference, 2016
Presenter, Florida State University, Ivey Business School, Cal Poly, 2015-2016
Co-editor, special edition of the Journal of Financial Economics on the "Capital structures of financial and non-financial firms", 2013-2016
Associate Chair, SFS Finance Cavalcade, 2015
Keynote Lecture, NBER Summer Meeting, NBER, 2015
Keynote Lecture, Sao Paulo-Brazil, Wabash Conference, SEMEAD, 2015
Presenter, George Washington University, University of Amsterdam, Universidade Nova de Lisboa, Banco de Portugal, Boston University, University of Washington, 2014-2015
Keynote Lecture, FGV-SP, AFA, 2013, 2015

Teaching and Research Interests

Mergers and acquisitions, corporate finance

Financial constraints, international corporate finance, liquidity management, business groups, financial distress, corporate governance and managerial decision-making.