Professor of Finance, COPPEAD
Professor of Finance, COPPEAD
Ricardo P. C. Leal is former Dean and current Professor at the COPPEAD Graduate Business School of the Federal University of Rio de Janeiro where he teaches Investments, International Finance and doctoral seminars. He has consulted for the financial markets of Latin America, including the World Bank, the OECD, Charles Schwab, the UN, and the IADB. His interests are in the area of emerging securities markets, the financing of corporations, and corporate governance.
Leal is a fellow of the Corporate Governance Academic Network, and former president of the Business Association of Latin American Studies and the Brazilian Finance Society. He is chief editor of the Brazilian Finance Review and senior research fellow of Brazilian Corporate Governance Institute, of the Center for Governance Studies at the Foundation for Accounting, Actuarial, and Financial Research, and of the Center for Private Equity Studies at the Getulio Vargas Foundation Business School in São Paulo.
Selected Current Research
Journal Article, Academic Journal
Ferreira, E.,Leal, R. (2011). Cash holdings of Brazilian and US firms: size and industry effects. Journal of International Finance and Economics, 11 (1), 55-60.
Sternberg, L.,Leal, R.,Bortolon, P. (2011). Affinities and agreements among major Brazilian shareholders. International Journal of Disclosure and Governance, 8 (3), 213-228.
DaSilveira, A.,Leal, R.,Carvalhal-da-Silva, A.,DeBarros, L. (2010). A. B. C. Endogeneity of Brazilian Corporate Governance Quality Determinants. Corporate Governance - The International Journal of Business in Society, 10 (2), 191-202.
Leal, R.,Bendes, B. (2010). The Risk-Return Relationship of Pension Funds with Investments in Hedge Funds. Latin American Business Review, 11 (2), 141-169.
Leal, R.,Mendes, B. (2010). Premium listing segments and information based trading in Brazil. Academia - Revista Latinoamericana de Administración (45)
Da Silveira, A.,Leal, R.,Carvalhal da Silva, A.,Barros, L. (2009). Evolution and Determinants of Firm-Level Corporate Governance Quality in Brazil. Revista de Administração da USP, 44 (3), 173-189.
Mendes, B.,Leal, R. (2009). Portfolio Management with Semi-Parametric Bootstrapping. Journal of Risk Management in Financial Institutions
Leal, R.,Carvalhal-da-Silva, A. (2008). International Market Linkages and Common Volatility in the Emerging Markets of Latin America. Journal of Emerging Markets, 13 (3), 20-31.
Mendes, B.,Leal, R.,Carvalhal, A. (2007). Clustering in Emerging Equity Markets. Emerging Markets Review, 8 (3), 194-205.
Carvalhal da Silva, A.,Leal, R. (2006). Ownership, Control, Valuation and Performance of Brazilian Corporations. Corporate Ownership & Control, 4 (1)
Leal, R., Carvalhal da Silva, A. (2005). Controlling Shareholders and Corporate Valuation in Brazil. Corporate Ownership & Control, 3 (2), 137-141.
Leal, R.,Mendes, B. (2005). Maximum Drawdown: Models and Applications. Journal of Alternative Investments, 7 (4), 83-91.
Mendez, B.,Leal, R. (2005). Robust multivariate modeling in finance. International Journal of Managerial Finance, 1 (2), 95-106.
Ratner, M.,Leal, R. (2005). Sector Integration and the Benefits of Global Diversification. Multinational Finance Journal, 9 (3/4), 235-267.
Journal Article, Professional Journal
Oliveira, F.,Lemme, C.,Leal, R. (2011). Cost of Equity Capital and Additionality of Brazilian Renewable Energy Projects under the Clean Development Mechanism. Latin American Business Review, 12 (4), 233-253.