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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

Research Associate, National Bureau of Economic Research, 2010-2017
Stanley C. and Joan J. Golder Distinguished Chair in Finance, University of Illinois, 2011-2014
Professor of Finance, University of Illinois, 2009-2014
Director of the Finance PhD program, University of Illinois, 2008-2014
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

Professor of the Year, 2014 EMBA Class, UIUC, 2014

Service Activities

Presenter, Cass Business School, Edinburgh Business School, University of Cincinnati, Banco de Portugal, 2017-2018
Associate Editor, Journal of Banking and Finance, 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
Presenter, Florida State University, Ivey Business School, Cal Poly, 2015-2016
Associate Editor, Journal of Financial Intermediation, 2015
Associate Chair, SFS Finance Cavalcade, 2015
Presenter, George Washington University, University of Amsterdam, Universidade Nova de Lisboa, Banco de Portugal, Boston University, University of Washington, 2014-2015
Co-editor, special edition of the Journal of Financial Economics on the "Capital structures of financial and non-financial firms", 2013-2014
Presenter, University of Chicago, Rice University, University of Houston, New York Fed, Georgia Tech University, Manchester Business School, London School of Economics, HKUST, National University of Singapore, Nanyang Technological University, Singapore Management University, 2013-2014
Grant Reviewer, Research Grants Council, 2013-2014
Associate Editor, Management Science, 2011-2014
Associate Editor, Brazilian Journal of Finance, 2009-2014
Ad Hoc Referee, American Economic Review, Quarterly Journal of Economics, Journal of Finance , Journal of Political Economy, Review of Financial Studies, Review of Economic Studies, Econometrica, Journal of Economic Theory, Management Science, Journal of Financial and Quantitative Analysis, Journal of Money, Credit and Banking, Review of Economics and Statistics, Finance Research Letters, 2008-2014
Associate Editor, International Review of Finance, 2008-2014
Associate Editor, Review of Financial Studies, 2008-2014

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.