Curriculum Vitae January, 2005 Paulo Jorge Marques de Oliveira Ribeiro Pereira Invited Assistant Lecturer Management Department School of Economics and Management University of Minho Office: University of Minho School of Economics and Management Management Department - Office 3.06 Campus de Gualtar 4710-057 Braga, Portugal Tel: +(351)253604564 e-mail: [email protected] 1 1 Education PhD Researcher in Finance at the University of Minho, School of Economics and Management. Project: Contributions to the Optimal Decision to Invest Under Uncertainty and Hidden Competition. Adviser: Professor Manuel J. da Rocha Armada. Master of Science in Management (Finance) at the University of Minho, School of Economics and Management, concluded with the highest grade. Dissertation: On the Determination of Value and Timing of Investment Opportunities as Finite-Lived American Exchange Options. Adviser: Professor Manuel J. da Rocha Armada. Juri: Professors Minoo Farhangmehr (EEG-UM), João Carvalho da Neves (ISEG-UTL), and Manuel J. da Rocha Armada (EEG-UM). April 2000. Degree (Licenciatura) in Financial Management at the Instituto Superior de Administração e Gestão, Porto, Portugal (1991-1996). 2 Other Courses/Short Term Courses Modern Corporate Finance Theory and Real Options, workshop for PhD researches, at the University of Verona (Italy) with Eduardo Schwartz (UCLA), Gordon Sick (Univ. of Calgary), and Andrea Gamba (Univ. of Verona) (June 16-20, 2003). Marketing Planning (short-term course), Programa de Formação Empresarial de Quadros da Associação Industrial Portuense, Porto, Portugal (1996). First year frequency of the Degree in Theology, at the Portuguese Catholic University (1990-1991), Porto, Portugal. 3 Teaching Experience Real Options [Novas Abordagens ao Risco em Finanças Empresariais](Degree in Management, University of Minho) Capital Budgeting (Degree in Economics, University of Minho) Capital Budgeting (Degree in Public Administration, University of Minho) Economia e Gestão [Financial Mathematics and Introduction to Capital 2 Budgeting] (Degree in Management Computer Science, University of Minho). Introduction to Financial Management (Degree in International Business, University of Minho). 4 Professional Experience - Most Recent Grupo MEDIA CAPITAL: ITN - Informação Telefónica Nacional, Business Unit Manager (2000-2001). Grupo MEDIA CAPITAL: World Editing - Edição de Publicações, Regional Manager (2000-2001). 5 Academic Presentations in Conferences Pereira, Paulo Jorge and Manuel Rocha Armada, The Optimal Investment Decision in a Duopoly Market for (Two) Positioned Companies when there are Hidden Competitors, presented at the 3th Portuguese Financial Network International Conference, ISEG-UTL, Lisbon, Portugal, July 15-16, 2004. Pereira, Paulo Jorge and Manuel Rocha Armada, The Optimal Investment Decision in a Duopoly Market for (Two) Positioned Companies when there are Hidden Competitors, presentated at the 8th Annual International Conference on Real Options, Montreal, Canada, June 17-19, 2004. Pereira, Paulo Jorge and Manuel Rocha Armada, The Optimal Investment Decision in a Duopoly Market for (Two) Positioned Companies when there are Hidden Competitors, presentated by invitation at the Seminar Series in Economics and Finance, University of Cyprus, Nicosia, Cyprus, April 19 2004. Pereira, Paulo Jorge and Manuel Rocha Armada, The Value and Timing of Shared Real Options with Random Maturity, presented at the 7th Annual International Conference on Real Options, Washington DC, USA, July 10-12, 2003. Pereira, Paulo Jorge, Manuel Rocha Armada and Lawrence Kryzanowski, Real Investment Opportunity Valuation and Timing Using a Finite-Lived American Exchange Option Methodology, presented at the 6th 3 Annual International Conference on Real Options, Cyprus, July 4-6, 2002. Pereira, Paulo Jorge and Manuel Rocha Armada, A Contribution to the Determination of Timing and Value of Investment Opportunities as Finite-Lived American Exchange Options, presented at the 40th Southern Finance Association Annual Meeting, Savannah, Georgia, USA, November 15-19, 2000. Pereira, Paulo Jorge and Manuel Rocha Armada, Uma Contribuição para a Determinação do Valor e Timing de Oportunidades de Investimento como Finite-Lived American Exchange Options, presented at the 5a Conferência Anual da SPIE (Portuguese Society for Economic Research), Faculdade de Economia do Porto, Porto, Portugal, June 19-20, 2000. Pereira, Paulo Jorge and Manuel Rocha Armada, Uma Contribuição para a Determinação do Valor e Timing de Oportunidades de Investimento como Finite-Lived American Exchange Options, presented at the X Jornadas Luso-Espanholas de Gestão Cientı́fica, Vilamoura, Portugal, 2-4 de February 2-4, 2000. 6 Conference Proceedings Pereira, Paulo Jorge and Manuel Rocha Armada, Uma Contribuição para a Determinação do Valor e Timing de Oportunidades de Investimento como Finite-Lived American Exchange Options, X Jornadas Luso-Espanholas de Gestão Cientı́fica, Vol.1, Economia Financeira e Contabilidade (Gestão Financeira), pp. 423-434 (2000). 7 Working Papers Pereira, Paulo Jorge, Manuel Rocha Armada and Artur Jorge Rodrigues, The Optimal Timing for the Construction of the New International Airport in Lisbon: A Real Options Approach with Multiple Stochastic Factors, and Positive and Negative Shocks, 2005. Pereira, Paulo Jorge and Manuel Rocha Armada, The Optimal Investment Decision in a Duopoly Market for (Two) Positioned Companies when there are Hidden Competitors, 2004. 4 Pereira, Paulo Jorge and Manuel Rocha Armada, The Value and Timing of Shared Real Option with Random Maturity, 2003. Pereira, Paulo Jorge, Manuel Rocha Armada and Lawrence Kryzanowski, A Modified Finite-Lived American Exchange Option Methodology Applied to Real Options Valuation, 1/2004, NEGE - Management Research Unit, School of Economics and Management, University of Minho. Pereira, Paulo Jorge and Manuel Rocha Armada, Real Investment Opportunity Valuation and Timing Using a Finite-Lived American Exchange Option Methodology, Working Paper 4/2001, NEGE - Management Research Unit, School of Economics and Management, University of Minho. Pereira, Paulo Jorge and Manuel Rocha Armada, As Opções Reais na Avaliação do Oportunidades de Investimento - Uma Revisão da Literatura, Working Paper 3/2001, NEGE - Management Research Unit, School of Economics and Management, University of Minho. Pereira, Paulo Jorge and Manuel Rocha Armada, A Contribution to the Determination of Value and Timing of Investment Opportunities as Finite-Lived American Exchange Option, Working Paper 4/2000, NEGE Management Research Unit, School of Economics and Management, University of Minho. 8 Submitted Papers (being referred) Pereira, Paulo Jorge, Manuel Rocha Armada and Lawrence Kryzanowski, A Modified Finite-Lived American Exchange Option Methodology Applied to Real Options Valuation. 9 Other Conferences and Seminars Performance Management and Evaluation, School of Economics and Management, University of Minho, Braga, Portugal (March 25, 2004). 9th Annual Multinational Finance Society Conference, Cyprus (June 30 - July 3, 2002). Portuguese Finance Network 1st Conference, University of Minho, Braga, Portugal (2000). 1st BDP’s Annual Conference (1999). 5 10 Occasional Refereeing Journal of Economic Dynamics and Control. 11 Doctoral Seminars Doctoral Finance Seminars at the University of Minho, organized by the Management Research Unit (NEGE): 11.1 Presenting: The Value and Timing of Shared Real Options with Random Maturity by Paulo Jorge Pereira and Manuel Rocha Armada, University of Minho, May 2003. 11.2 Attending: Performance Evaluation and Mutual Fund Families: a discussion by Sónia Rafaela Silva, May 2003. The Disposition Effect by Cristiana Cerqueira, University of Minho, May 2003. The Value of Splitting in Modular Projects by Artur Rodrigues, University of Minho, May 2003. Occupancy Management Options and Property Valuation by Dean A. Paxson, Manchester Business School (UK), April 2003. Debt and Taxes: Evidence from a Bank Based System by Cesário Mateus, Aarhus School of Business (Denmark), April 2003. Real American Compound Exchange Options by Dean A. Paxson, Manchester Business School (UK), April 2001. Investment in Flexible Technologies under Uncertainty by Dean A. Paxson, Manchester Business School (UK), April 2000. Real Options in Fund Management by Dean A. Paxson, Maria do Céu Cortez, and Manuel Rocha Armada, Manchester Business School (UK), and University of Minho, April 2000. Conditional Analysis of Portfolio Performance by Maria do Céu Cortez and Florinda Silva, University of Minho, March 2000. 6 Advanced Real Options by Dean A. Paxson, Manchester Business School (UK), March 2000. Research and Development Strategic Real Options by Dean A. Paxson, Manchester Business School (UK), January 1999. 12 Research Interests Real Options; Corporate Finance; Option Pricing Theory and Derivatives; Capital Budgeting. 13 Languages Portuguese (native); English (fluent); French and Spanish (regular). 14 Other Information Efective Member (no 6670) of the Ordem dos Economistas - Colégio da Especialidade: ”Economia e Gestão Empresariais”. 15 Personal Information Born on April 25, 1970 in Porto, Portugal. Married and father of a 5 years old boy. 7