Our Faculty

Marcus Braga Alves

Associate Professor

Lubin School of Business

Finance

Location
  • @ New York City
    One Pace Plaza W 482
Office Hours
New York City

Fall 2021
Tue, Wed 3:30pm-6:00pm

Education

PhD, University of Pittsburgh, Pittsburgh, PA
Finance

MBA, Pace University, New York, NY
Financial Management

Academic and Professional Engagement Activities

Marcus Braga-Alves is an Associate Professor of Finance at Pace University. He earned his MBA from Pace University and his Ph.D. in Finance from the University of Pittsburgh. His research analyzes problems that confront market participants and the academic community in the areas of investment management, corporate finance, and international finance. He is especially interested in the study of the development of capital markets in emerging countries. His work was published in the Journal of Financial Intermediation, Journal of Financial Markets, Journal of Corporate Finance, and Journal of International Money and Finance, among other journals. He has served as an ad hoc reviewer for several academic journals. He has also served on the program committees of the annual meetings of the Financial Management Association and the Eastern Finance Association.

Before moving to the U.S., Marcus worked for five years as a consultant in the spot and derivatives markets for agricultural commodities in Brazil. His prime responsibility during that time was to promote the use of commodity derivatives for price risk management by local farmers, who faced new challenges resulting from increasing deregulation and globalization.

Selected Contributions & Publications

Boulton, T.J., Braga Alves, M.V. (2020). Short selling and dark pool volume. Managerial Finance. Read More >>

Braga Alves, M.V., Boulton, T.J. (2020). Price stabilization, short selling, and IPO secondary market liquidity. Quarterly Review Of Economics And Finance. 76(May), 278-291. Read More >>

Braga Alves, M.V. (2018). Political risk and the equity trading costs of cross-listed firms. Quarterly Review Of Economics And Finance. 69(August), 232-244. Read More >>

Autore, D.M., Boulton, T.J., Braga Alves, M.V. (2015). Failures to deliver, short sale constraints, and stock overvaluation. Financial Review. 50(2), 143-172. Read More >>

Boulton, T.J., Braga Alves, M.V., Kulchania, M. (2014). The flash crash: An examination of shareholder wealth and market quality. Journal of Financial Intermediation. 23(1), 140-156. Read More >>

Boulton, T.J., Braga Alves, M.V., Schlingemann, F.P. (2014). Does equity-based compensation make CEOs more acquisitive?. Journal of Financial Research. 37(3), 267-294. Read More >>

Arena, M., Braga Alves, M.V. (2013). The discretionary effect of CEOs and board chairs on corporate governance structures. Journal of Empirical Finance. 21121-131. Read More >>

Braga Alves, M.V., Morey, M. (2012). Predicting corporate governance in emerging markets. Journal of International Money and Finance. 1414-1439. Read More >>

Boulton, T.J., Braga Alves, M.V., Shastri, K. (2012). Payout policy in Brazil: Dividends versus interest on equity. Journal of Corporate Finance. 18(4), 968-979. Read More >>

Boulton, T.J., Braga Alves, M.V. (2012). Naked short selling and market returns. Journal Of Portfolio Management. 38(3), 133-142. Read More >>

Braga Alves, M.V., Shastri, K. (2011). Corporate governance, valuation, and performance: Evidence from a voluntary market reform in Brazil. Financial Management. 40(1), 139-157. Read More >>

Boulton, T.J., Braga Alves, M.V. (2010). The skinny on the 2008 naked short-sale restrictions. Journal of Financial Markets. 13(4), 397-421. Read More >>

Braga Alves, M.V., Morey, M. (2004). Intraday arbitrage in emerging market American Depositary Receipts. Finance Letters. 218-24.