ACADEMIC AREA Finance AREAS OF EXPERTISE Asset Management , Investments , Corporate Governance , International Finance BiographyPublicationsCoursesCase Studies Education: B.A., Universidade Nova de Lisboa; MS, IST Universidade Tecnica de Lisboa and INSEAD; Ph.D., INSEADPedro Matos is an Associate Professor of Finance and the Academic Director of Richard A. Mayo Center for Asset Management at the University of Virginia, Darden School of Business. His research focuses on international corporate governance and the growing importance of institutional investors in financial markets worldwide. His work has been published in leading academic journals (such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies) and has been featured also in the press, including in The Economist, Financial Times, New York Times , Washington Post, Fortune and Forbes. His work has received numerous research grants and awards, including the Wells Fargo Award for Outstanding Research Publication and the Darden Multiyear Publications Award. He is a Research Associate at the European Corporate Governance Institute (ECGI).At Darden, he has published numerous case studies and won twice the Wells Fargo Award for Excellence in Course Material Development. He previously taught at the University of Southern California, Marshall School of Business where he received a Golden Apple teaching award. He holds a B.A. in Economics from Nova University in Lisbon (Portugal) and a Ph.D. in Finance from INSEAD in Fontainebleau (France). Prior to his Ph.D., he worked with the Portuguese Ministry of Finance and consulted for the World Bank. Selected Publications" Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership", with J. Bena , M. Ferreira and P. Pires , Journal of Financial Economics ,(forthcoming)" Investor-Stock Decoupling in Mutual Funds" , with M. Ferreira and M. Massa , Management Science,(forthcoming)." Indexing and Active Fund Management: International Evidence" , with M. Cremers , M. Ferreira and L. Starks. Journal of Financial Economics ,(June 2016)." Lending Relationships and the Effects of Bank Distress: Evidence from the 2007-2008 Financial Crisis." with D. Carvalho and M. Ferreira. Journal of Financial and Quantitative Analysis,(December 2015)."The Executive Compensation Controversy: A Transatlantic Analysis" , with M. Conyon , N. Fernandes , M. Ferreira , and K. Murphy in Executive Packages: Productivity , Profits , and Pay , Fondazione Rodolfo De Benedetti (Editor) , Oxford University Press , (May 2013)." Generalists Versus Specialists: Managerial Skills and CEO Pay." with C. Custodio and M. Ferreira. Journal of Financial Economics, Vol. 108 (2), p. 471-492, (May 2013)." Are US CEOs Paid More? New International Evidence." with N. Fernandes, M. Ferreira and K. Murphy. The Review of Financial Studies, Vol. 26 (2), p. 323-367, (February 2013)." Payout Policy, Governance and Shareholder Investment Horizons." by J. Gaspar, M. Massa, P. Matos, R. Patgiri and Z. Rehman. Review of Finance, Vol. 17 (1), p. 261-320, (January 2013)." Universal Banks and Corporate Control: Evidence from the Global Syndicated Loan Market." with M. Ferreira. The Review of Financial Studies, Vol. 25 (9), p. 2703-2744, (September 2012)." Corporate Governance in the 2007-2008 Financial Crisis: Evidence from Financial Institutions Worldwide." by D. Erkens, M. Hung and P. Matos. Journal of Corporate Finance, Vol. 18, p. 389-411, (April 2012)." Does Governance Travel Around the World? Evidence from Institutional Investors." with R. Aggarwal, I. Erel and M. Ferreira. Journal of Financial Economics, Vol. 100 (1), p. 154-181, (April 2011)." Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions." with M. Ferreira and M. Massa. Review of Financial Studies, Vol. 23 (2), p. 601-644, (February 2010)." The Colors of Investors' Money: The Role of Institutional Investors Around the World." with M. Ferreira. Journal of Financial Economics, Vol. 88 (3), p. 499-533, (June 2008)." Favoritism in Mutual Fund Families? Evidence on Strategic Cross-Fund Subsidization." with J. Gaspar and M. Massa. The Journal of Finance, Vol. 61 (1), p. 73-104, (February 2006)." Shareholder Investment Horizon and the Market for Corporate Control." with J. Gaspar and M. Massa. Journal of Financial Economics, Vol. 76 (1), p. 135-165, (April 2005).MBA CoursesDerivative Securities: Options & Futures Financial Management and Policies ValuationAdvancing knowledge through research that shapes business, Darden professors are recognized thought leaders in their fields. They are not only master case method teachers, they also author many of the cases used in Darden classrooms and around the world.Pedro Matos' cases are available in the Darden Business Publishing website.