Artur Rodrigues
Professor of Finance · University of Porto
Artur Rodrigues
Decisions under uncertainty.
I study how uncertainty, flexibility, and strategic interaction shape investment, financing, and corporate control.
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Researching consequential choices
My work sits at the intersection of corporate finance and real options. I develop models of investment timing, capital structure, mergers and acquisitions, regulation, and managerial incentives.
Recent research
2025
Investment and leverage decisions under caps and floors
International Review of Financial Analysis 97, 103857.
2023
Dynamic choice between mergers and tender offers
With E. Lukas and P. J. Pereira. Journal of Corporate Finance 83, 102489.
2022
Investment timing, capacity choice, floors and ceilings
With D. Paxson and P. J. Pereira. Journal of Economic Dynamics and Control 139, 104430.
Research themes
01
Real options
Investment timing, capacity choice, operating flexibility, and decision-making under uncertainty.
02
Corporate finance
The interaction between investment policy, leverage, managerial incentives, and firm value.
03
Mergers & acquisitions
Deal structure, strategic competition, bargaining, tender offers, and toehold acquisitions.
04
Policy & regulation
Price guarantees, subsidies, regulatory uncertainty, and public–private investment.
Current position
Professor of Finance
School of Economics and Management, University of Porto
Porto, Portugal
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