Professora Catedrática do Departamento de Gestão – Escola de Economia e Gestão, Universidade do Minho e membro da unidade de investigação NIPE. Leciona UCs na área das Investimentos Financeiros e tem como principais áreas de interesse de investigação investimentos socialmente responsáveis e a avaliação de desempenho de carteiras de investimento. Foi diretora do Doutoramento em Ciências Empresariais, diretora do Departamento de Gestão, diretora do Mestrado em Finanças e Diretora do Mestrado em Gestão. Foi membro de Comissões de Avaliação Externa (CAE) da Agência de Avaliação e Acreditação do Ensino Superior (A3ES), para a avaliação de diversos ciclos de estudos na área de Finanças e Gestão.
Fundos de investimento
Avaliação do desempenho de carteiras de investimento
Investimentos socialmente responsáveis.
Publicações selecionadas
Badía, G., Cortez, M. C., & Silva, F. (2024). Do investors benefit from investing in stocks of green bond issuers? Economics Letters, 242(111859). DOI
Brito-Ramos, S., Cortez, M. C., & Silva, F. (2024). Do Sustainability Signals Diverge? An Analysis of Labeling Schemes for Socially Responsible Investments. Business and Society, 63(6), 1380–1425. DOI
Silva, F., Ferreira, A., & Cortez, M. C. (2024). The performance of green bond portfolios under climate uncertainty: A comparative analysis with conventional and black bond portfolios. Research in International Business and Finance, 70(102354). DOI
Cortez, M. C., Andrade, N., & Silva, F. (2022). The environmental and financial performance of green energy investments: European evidence. Ecological Economics, 197, 107427. DOI
Badía, G., Ferruz, L., & Cortez, M. C. (2021). The performance of social responsible investing from retail investors' perspective: international evidence. International Journal of Finance and Economics, 26(4), 6074–6088. DOI
Outras publicações
Badía, G., Cortez, M. C., & Silva, F. (2024). Do investors benefit from investing in stocks of green bond issuers? Economics Letters, 242(111859). DOI
Brito-Ramos, S., Cortez, M. C., & Silva, F. (2024). Do Sustainability Signals Diverge? An Analysis of Labeling Schemes for Socially Responsible Investments. Business and Society, 63(6), 1380–1425. DOI
Silva, F., Ferreira, A., & Cortez, M. C. (2024). The performance of green bond portfolios under climate uncertainty: A comparative analysis with conventional and black bond portfolios. Research in International Business and Finance, 70(102354). DOI
Cortez, M. C., Andrade, N., & Silva, F. (2022). The environmental and financial performance of green energy investments: European evidence. Ecological Economics, 197, 107427. DOI
Badía, G., Ferruz, L., & Cortez, M. C. (2021). The performance of social responsible investing from retail investors' perspective: international evidence. International Journal of Finance and Economics, 26(4), 6074–6088. 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
Badía, G., Cortez, M. C., & Ferruz, L. (2020). Socially responsible investing worldwide: Do markets value corporate social responsibility? Corporate Social Responsibility and Environmental Management, 27(6), 2751–2764. DOI
Leite, P., & Cortez, M. C. (2020). Investment and profitability factors in mutual fund performance evaluation: a conditional approach. Applied Economics Letters, 27(16), 1312–1315. DOI
Pereira, P., Cortez, M. C., & Silva, F. (2019). Socially responsible investing and the performance of Eurozone corporate bond portfolios. Corporate Social Responsibility and Environmental Management, 26, 1407–1422. DOI
Leite, C., Cortez, M. C., Silva, F., & Adcock, C. (2018). The performance of socially responsible equity mutual funds: Evidence from Sweden. Business Ethics, 27(2), 108–126. DOI
Leite, P., & Cortez, M. C. (2018). The performance of European SRI funds investing in bonds and their comparison to conventional funds. Investment Analysts Journal, 47(1), 65–79. DOI
Leite, P., & Cortez, M. C. (2017). The conditional performance of Euro bond funds: evidence from Portugal during the debt crisis. Revista Espanola De Financiacion y Contabilidad/Spanish Journal of Finance and Accounting, 46(2), 212–226. DOI
Cabral-Cardoso, C., Cortez, M. C., & Lopes, L. (2016). Venture capital and the financial crisis in Portugal: the VC managers’ viewpoint. Journal of Small Business and Enterprise Development, 23(4), 1032–1056. DOI
Silva, F., & Cortez, M. C. (2016). The performance of US and European green funds in different market conditions. Journal of Cleaner Production, 135, 558–566. DOI
Leite, P., & Cortez, M. C. (2015). Performance of European socially responsible funds during market crises: Evidence from France. International Review of Financial Analysis, 40, 132–141. DOI
Leite, P., & Cortez, M. C. (2014). Selectivity and timing abilities of international socially responsible funds. Applied Economics Letters, 21(3), 185–188. DOI
Leite, P., & Cortez, M. C. (2014). Style and performance of international socially responsible funds in Europe. Research in International Business and Finance, 30(1), 248–267. DOI
Roque, V., & Cortez, M. C. (2014). The determinants of international equity investment: Do they differ between institutional and noninstitutional investors? Journal of Banking and Finance, 49, 469–482. 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
Leite, P. A., & Cortez, M. C. (2013). Conditioning information in mutual fund performance evaluation. In W. Bessler, W. Drobetz, & C. Adcock (Eds.), Asset Management and International Capital Markets (pp. 93–113). New York: Routledge. DOI
Adcock, C. J., Cortez, M. C., Armada, M. J. R., & Silva, F. (2012). Time varying betas and the unconditional distribution of asset returns. Quantitative Finance, 12(6), 951–967. 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
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
Leite, P. A., & Cortez, M. C. (2009). Conditioning information in mutual fund performance evaluation: Portuguese evidence. European Journal of Finance, 15(5-6), 585–605. DOI
Leite, P., Cortez, M. C., & Armada, M. R. (2009). Measuring fund performance using multi-factor models: Evidence for the Portuguese market. International Journal of Business, 14(3), 175–198. DOI
Leite, P., & Cortez, M. C. (2007). A Avaliação do Desempenho Condicional de Fundos de Investimento e o Problema das Regressões Espúrias: Um Estudo Empírico para o Mercado Português. Cadernos Do Mercado De Valores Mobiliários, 28, 82–104. DOI
Romacho, J. C., & Cortez, M. C. (2006). Timing and selectivity in Portuguese mutual fund performance. Research in International Business and Finance, 20(3), 348–368. DOI
Roque, V., & Cortez, M. C. (2006). A divulgação de informação ambiental e a performance financeira das empresas cotadas em Portugal. Tékhne - Review of Applied Management Studies, III(5-6), 119–143. DOI
Cortez, M. C., & Silva, R. (2005). The determinants of mutual fund family performance: Empirical evidence for the Portuguese market. Cadernos Do Mercado De Valores Mobiliários, 22, 99–110. DOI
Romacho, J. C., & Cortez, M. C. (2005). Os gestores de carteiras têm capacidade de selecção de títulos e de previsão da evolução do mercado? Um estudo empírico para o mercado português. Tékhne - Review of Applied Management Studies, 4, 39–58. DOI
Silva, F., Cortez, M. C., & Armada, M. J. R. (2005). The persistence of European bond fund performance: Does conditioning information matter? International Journal of Business, 4(10), 341–361. DOI
Silva, F., Cortez, M. C., & Armada, M. R. (2004). Bond return predictability: The European market. International Journal of Finance, 16(3), 3083–3114. DOI
Silva, F., Cortez, M. C., & Armada, M. R. (2003). Conditioning information and European bond fund performance. European Financial Management, 9(2), 201–230. DOI
Cortez, M. C., & Silva, F. (2002). Conditioning information on portfolio performance evaluation: a reexamination of performance persistence in the portuguese mutual fund market. Finance India, 16(4), 1393–1408. DOI
Armada, M. R., & Cortez, M. C. (1999). Portfolio performance evaluation: historical evolution, issues and directions for future research. Portuguese Review of Financial Markets, 1(3), 51–73. DOI
Cortez, M. C., Paxson, D. A., & Armada, M. J. R. (1999). The persistence of Portuguese mutual fund performance. European Journal of Finance, 5(4), 342–365. DOI
Introdução à Gestão Financeira
Licenciatura
Metodologia e Proposta de Investigação em Gestão
Mestrado
