I strive to generate value for society, whether as a professor, researcher, or consultant. My applied research covers three main areas. The first is Sustainable Finance where I initially dealt with the development of a risk management score system based on sustainability criteria. Since then my attention in the area of sustainability research has branched-out in different directions but each following a common theme, namely, enhancing the business case for sustainability. The second area of my overall research is Financial Management in which I am developing a general theory of working capital. An example is my work with a large company with more than USD 1 billion in free cash flow which resulted in the firm improving its management of the cash conversion cycle. The third area of my research, Development Economics, has consisted of two large projects: the improvement of national education systems and a proposal for Brazil to help solve Europe’s refugee crisis.
My various research programs form the backdrop to my new textbook Economics of Global Business (2018, MIT Press). All of my research, publications, and speaking engagements are informed by a robust teaching portfolio spanning several continents, disciplines and audiences. Moreover, my many courses in economics and finance are tailor-made for each type of participant, whether undergraduates, MBA students, or top executives.
I am currently Associate Professor of Practice, Business & Finance at New York University at Shanghai. I am also an affiliate professor at Fundação Dom Cabral (ranked 12th in the world for executive education) and external lecturer at the Copenhagen Business School. Other academic positions I hold are: Associate Editor of the Journal of Sustainable Finance & Investment and Senior Scholar at the Center for Sustainable Business at NYU Stern.
Today, at NYU Shanghai, I am designing and delivering courses in macroeconomics and derivatives for the next generation of business and political leaders. In executive education, I have been consulting and designing projects for companies ranging from medium-sized Brazilian firms to large multinational corporations, as well as family-owned businesses (e.g., the development of new generations of shareholders).
The theme of improving decision-making for effectuating value creation in private and public settings has found expression throughout my teaching, research, and publishing. For example, my earlier papers (most of my work is available here) imbuing this theme have been published in the Journal of Corporate Finance, Harvard Business Review, Journal of Business Ethics, Economic Letters, International Journal of Production Economics, Economic Modelling, and European Journal of Health Economics, as well as many book chapters, newspaper, and magazine articles. I have written three books in Portuguese about financial management and political economy. An example, written with Michel Fleuriet, is the Dynamic Model of Financial Management, which presents a comprehensive financial management framework incorporating state-of-the-art thinking on working capital and trade credit administration.
My teaching portfolio includes courses on corporate finance, corporate governance, industrial economics, development economics, international economics and sustainable finance. My courses are developed for undergraduates, MBAs and CEOs in South America, Europe, and Asia. In the area of executive education, I have co-created courses with numerous companies such as Kraft Foods, Johnson & Johnson, Santander, Skanska, L’Oreal, RCI Banque, Vale, Queiroz Galvão, Itaú Bank, and Petrobras, as well as varied government agencies. I have delivered more than 15,000 hours of teaching for undergraduates and over 4,000 hours for post-graduates and executive education. My consulting jobs involve diverse financial and economic issues but are typically related to company valuation, M&A, working capital management, personal finance and trust funds.