I have a PhD in Accounting and Finance (Lancaster University, 2006; thesis title “Essays on FTSE-100 volatility and options valuation”); MSc in Business Administration with specialization in Corporate Finance (University of Minho, 1998); BSc in Management by the University of Minho (1992). My career also includes two years (1992-1994) as an Information Systems Auditor at Ernst & Young.
risk measurement and forecasting
option valuation using numerical methods
performance measurement
social responsible investments
sentiment measures
management education
Selected publications
Oliveira, N., Cortez, P., & Areal, N. (2017). The impact of microblogging data for stock market prediction: Using Twitter to predict returns, volatility, trading volume and survey sentiment indices. Expert Systems with Applications, 73, 125–144. DOI
Carvalho, A., & Areal, N. (2016). Great Places to Work®: Resilience in Times of Crisis. Human Resource Management, 55(3), 479–498. DOI
Oliveira, N., Cortez, P., & Areal, N. (2016). Stock market sentiment lexicon acquisition using microblogging data and statistical measures. Decision Support Systems, 85, 62–73. DOI
Cortez, M. C., Silva, F., & Areal, N. M. P. C. (2009). The performance of european socially responsible funds. Journal of Business Ethics, 87(4), 573–588. DOI
Portela, M. A., Areal, N. M. P. C., Sá, C., Alexandre, F., Cerejeira, J., Carvalho, A., & Rodrigues, A. (2008). Evaluating student allocation in the Portuguese public higher education system. Higher Education, 56(2), 185–203. DOI
Other publications
Taques, F. H., Areal, N., & Basso, L. (2022). Benefits on Sales Generated by Innovation. International Journal of Innovation and Technology Management, 19(1). DOI
Taques, F. H., López, M. G., Basso, L. F., & Areal, N. (2021). Indicators used to measure service innovation and manufacturing innovation. Journal of Innovation and Knowledge, 6(1), 11–26. DOI
Adcock, C., Areal, N., Cortez, M. C., Oliveira, B., & Silva, F. (2020). Does the choice of fund performance measure matter? Investment Analysts Journal, 49(1), 53–77. DOI
Oliveira, N., Cortez, P., & Areal, N. (2017). The impact of microblogging data for stock market prediction: Using Twitter to predict returns, volatility, trading volume and survey sentiment indices. Expert Systems with Applications, 73, 125–144. DOI
Carvalho, A., & Areal, N. (2016). Great Places to Work®: Resilience in Times of Crisis. Human Resource Management, 55(3), 479–498. DOI
Oliveira, N., Cortez, P., & Areal, N. (2016). Sentiment analysis of stock market behavior from Twitter using the R Tool. In M. Hofmann & A. Chisholm (Eds.), Text Mining and Visualization: Case Studies Using Open-Source Tools (1st ed., pp. 223–240). CRC Press. DOI
Oliveira, N., Cortez, P., & Areal, N. (2016). Stock market sentiment lexicon acquisition using microblogging data and statistical measures. Decision Support Systems, 85, 62–73. DOI
Areal, N., Oliveira, B., & Sampaio, R. (2015). When times get tough, gold is golden. European Journal of Finance, 21(6), 507–526. DOI
Areal, N., & Rodrigues, A. (2014). Discrete dividends and the FTSE-100 index options valuation. Quantitative Finance, 14(10), 1765–1784. DOI
Areal, N., & Rodrigues, A. (2013). Fast trees for options with discrete dividends. Journal of Derivatives, 21(1), 49–63. DOI
Areal, N., Cortez, M. C., & Silva, F. (2013). The conditional performance of US mutual funds over different market regimes: Do different types of ethical screens matter? Financial Markets and Portfolio Management, 27(4), 397–429. DOI
Adcock, C., Areal, N., Armada, M., Cortez, M. C., Oliveira, B., & Silva, F. (2012). Tests of the Correlation between Portfolio Performance Measures. Journal of Financial Transformation, 35, 123–132. DOI
Cortez, M. C., Silva, F., & Areal, N. M. P. C. (2012). Socially responsible investing in the global market: The performance of US and European funds. International Journal of Finance and Economics, 17(3), 254–271. DOI
Carvalho, A., Areal, N., & Silva, J. (2011). Students perceptions of Blackboard and Moodle in a Portuguese university. British Journal of Educational Technology, 42(5), 824–841. DOI
Areal, N. M. P. C., & Rodrigues, A. (2010). On the dangers of a simplistic American option simulation valuation method. European Journal of Finance, 16(4), 373–379. DOI
Cortez, M. C., Silva, F., & Areal, N. M. P. C. (2009). The performance of european socially responsible funds. Journal of Business Ethics, 87(4), 573–588. DOI
Areal, N. M. P. C., Rodrigues, A., & Armada, M. R. R. (2008). On improving the least squares Monte Carlo option valuation method. Review of Derivatives Research, 11(1-2), 119–151. DOI
Portela, M. A., Areal, N. M. P. C., Sá, C., Alexandre, F., Cerejeira, J., Carvalho, A., & Rodrigues, A. (2008). Evaluating student allocation in the Portuguese public higher education system. Higher Education, 56(2), 185–203. DOI
Areal, N. M. P. B. C., & Armada, M. J. D. R. (2002). The long-horizon returns behaviour of the Portuguese stock market. European Journal of Finance, 8(1), 93–122. DOI
Areal, N. M. P. C., & Taylor, S. J. (2002). The Realized Volatility of FTSE-100 Futures Prices. Journal of Futures Markets, 22(7), 627–648. DOI
de P. B. da Costa Areal, N. M., & da Rocha Armada, M. J. (1999). Testes paramétricos e não paramétricos de reversão para a média da rendibilidade de índices do mercado accionista. Revista De Administração Contemporânea, 3(2), 7–28. DOI
Complements of Finance
Bachelor
Investments and Portfolio Management
Master
Financial Investments
Bachelor
Principles of Corporate Finance
Bachelor
Management Seminar
Doctorate
