International Faculty for the Ahlers Center for International Business
Professor of Finance, COPPEAD
Ricardo P. C. Leal was the dean and is a Full Professor at the COPPEAD Graduate Business School of the Federal University of Rio de Janeiro where he teaches Investments, International Finance and doctoral level seminars. He has consulted for many institutions on the financial markets of Latin America, including the World Bank, the OECD, Charles Schwab, the UN, and the IADB. His research and consulting interests are in the area of emerging securities markets, the financing of corporations, and corporate governance. His work has been published in prestigious academic journals and he has also organized many books. He is a fellow of the Corporate Governance Academic Network of the Global Corporate Governance Forum. He is a former president of the Business Association of Latin American Studies and of the Brazilian Finance Society. He is also the chief editor of the Brazilian Finance Review and member of the editorial board of many scholarly journals in Brazil and abroad. He has been a lecturer in professional development programs in the United States, Europe and Latin America and has taught at Georgetown University, at the University of Nevada, the University of San Diego, University of Alabama, Birmingham, University Nova of Lisbon, University of Évora, and the Catholic University of Chile. Currently he is a senior research fellow of Brazilian Corporate Governance Institute, of the Center for Governance Studies at the Foundation for Accounting, Actuarial, and Financial Research (FIPECAFI), and of the Center for Private Equity Studies at the Getulio Vargas Foundation Business School in São Paulo.
For the University of San Diego we are delighted to have him as a collaborator, teaching Corporate Governance or International Financial Management classes to groups of students that visit Coppead and attend classes jointly with URFJ students.
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.
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.