Heitor Almeida

Heitor Almeida

Stanley C. and Joan J. Golder Chair in Corporate Finance and Academic Director of iMBA

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Biography

Heitor Almeida is Stanley C. and Joan J. Golder Chair in Corporate Finance and academic director of I-degrees at Gies College of Business. He joined the University of Illinois in 2007, and also works as a research associate for the National Bureau of Economic Research. His research specialties include financial constraints, liquidity management, business groups, financial distress, innovation, and stock repurchases. He serves or has served as associate editor for numerous financial journals, and is currently in that role for the Journal of Financial Intermediation and the Journal of Banking and Finance. He will become managing editor at the Journal of Corporate Finance in January 2021. Almeida received two BAs, one from the Federal University of Minas Gerais at Belo Horizonte in 1991, the other from Central University Una at Belo Horizonte in 1993. He went on to earn a master’s degree in economics from Pontifical Catholic University of Rio de Janeiro and a PhD in economics from the University of Chicago in 2000.

Contact

4037 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-333-2704

halmeida@illinois.edu

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Educational Background

  • PhD Economics, University of Chicago, 2000
  • Master in Economics, PUC-Rio at Rio de Janeiro, RJ, 1995
  • BA Business Administration, UNA, Belo Horizonte, UG, 1993
  • BA Economics, UFMG at Belo Horizonte, MG, 1991

Positions Held

  • Academic Director of iMBA Programs, Online Programs, University of Illinois at Urbana-Champaign, 2019 to present
  • Stanley C. and Joan J. Golder Distinguished Chair in Corporate Finance, University of Illinois at Urbana-Champaign, 2011 to present
  • Research Associate, National Bureau of Economic Research, 2010 to present
  • Professor of Finance, University of Illinois at Urbana-Champaign, 2009 to present
  • Director of the Finance PhD program, University of Illinois, 2008-2017
  • Associate Professor of Finance, College of Business, University of Illinois, 2007-2009
  • Faculty Research Fellow, National Bureau of Economic Research, 2005-2010
  • Visiting Professor, FGV-Rio, 2001-2003
  • Assistant Professor of Finance, Stern School of Business, New York University, 2000-2006

Recent Publications

  • Almeida, H., Campello, M., & Galvao, A., Chang-Few Lee (Ed.) Forthcoming. Assessing the Performance of Estimators that Deal with Measurement Error in Linear Models. Handbook of Financial Econometrics and Statistics Dordrecht: Springer.
  • Almeida, H., Campello, M., Cunha, I., & Weisbach, M. Forthcoming. Corporate Liquidity Management: A Conceptual Framework and Survey. Annual Review of Financial Economics.
  • Almeida, H., & Ferreira, D. Forthcoming. Democracy and the Variability of Economic Performance. Economics and Politics, 14 225-257.
  • Almeida, H., Campello, M., & Hackbarth, D. Forthcoming. Liquidity Mergers. Journal of Financial Economics, 102 (3), 526-558.  link >

Other Publications

Articles

  • Almeida, H., Kristine, H., & Williams, R. (2017). Risk Management with Supply Contracts. Review of Financial Studies, 30 (12), 4179–4215.  link >
  • Almeida, H., Cunha, I., Ferreira, M., & Restrepo, F. (2017). The Real Effects of Credit Ratings: The Sovereign Ceiling Channel. Journal of Finance, 249-290.
  • Almeida, H., Fos, S., & Kronlund, M. (2016). The Real Effects of Share Repurchases. Journal of Financial Economics.  link >
  • Almeida, H., Acharya, V., & Baker, M. (2015). Introduction: New Perspectives on Corporate Capital Structures. Journal of Financial Economics.
  • Almeida, H., Kim, H., & Kim, C. (2015). Internal Capital Markets in Business Groups: Evidence from the Asian Financial Crisis. Journal of Finance, 2539-2586.
  • Almeida, H., Acharya, V., & Ippolito, F. (2014). Credit Lines as Monitored Liquidity Insurance: Theory and Evidence. Journal of Financial Economics, 287-319.
  • Almeida, H., Acharya, V., & Campello, M. (2013). Aggregate Risk and the Choice Between Cash and Lines of Credit. Journal of Finance, 68 2059-2116.
  • Almeida, H., Calabro, L., & Kambil, A. (2012). Cash Matters. CFO Insights.
  • Almeida, H., Campello, M., Laranjeira, B., & Weisbenner, S. (2012). Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis. Critical Finance Review, 1 (1), 3-58.
  • Almeida, H., Campello, M., & Weisbach, M. (2011). Corporate Financial and Investment Policies when Future Financing is not Frictionless. Journal of Corporate Finance, 17 675-693.  link >
  • Almeida, H., Wolfenzon, D., Park, S., & Subrahmanyam, M. (2011). The Structure and Formation of Business Groups: Evidence from Korean Chaebols. Journal of Financial Economics, 99 447-475.
  • Almeida, H., & Campello, M. (2010). Financing Frictions and the Substitution Effect Between Internal and External Funds. Journal of Financial and Quantitative Analysis, 45 589-622.  link >
  • Almeida, H., Campello, M., & Galvao, A. (2010). Measurement Errors in Investment Equations. Review of Financial Studies, 23 3279-3382.
  • Almeida, H., Adams, R., & Ferreira, D. (2009). Understanding the Relationship Between Founder-CEOs and Corporate Performance. Journal of Empirical Finance, 16 136-150.  link >
  • Almeida, H., & Philippon, T. (2008). Estimating Risk-Adjusted Costs of Financial Distress. Journal of Applied Corporate Finance, 105-111.  link >
  • Almeida, H., & Philippon, T. (2007). The Risk-Adjusted Cost of Financial Distress. Journal of Finance, 62 (6), 2557-2586.  link >
  • Almeida, H., & Campello, M. (2007). Financial Constraints, Asset Tangibility and Corporate Investment. Review of Financial Studies, 20 1429-1460.  link >
  • Avharya, V., Campello, M., & Almeida, H. (2007). Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies. Journal of Financial Intermediation, 16 515-554.
  • Almeida, H., & Wolfenzon, D. (2006). A Theory of Pyramidal Ownership and Family Business Groups. Journal of Finance, 61 2637-2681.  link >
  • Almeida, H., & Wolfenzon, D. (2006). Should Business Groups Be Dismantled? The Equilibrium Costs of Efficient Internal Capital Markets. Journal of Financial Economics, 79 99-144.  link >
  • Almeida, H., Campello, M., & Liu, C. (2006). The Financial Accelerator: Evidence from International Housing Markets. Review of Finance, 10 1-32.  link >
  • Adams, R., Almeida, H., & Ferreira, D. (2005). Powerful CEOs and Their Impact on Corporate Performance. Review of Financial Studies, 18 1403-1432.  link >
  • Almeida, H., & Wolfenzon, D. (2005). The Effect of External Finance on the Equilibrium Allocation of Capital. Journal of Financial Economics, 75 133-164.  link >
  • Almeida, H., Campello, M., & Weisbach, M. (2004). The Cash Flow Sensitivity of Cash. Journal of Finance, 59 1777-1804.  link >
  • Almeida, H., & Bonomo, M. (2002). Optimal State-Dependent Rules, Credibility and Inflation Inertia. Journal of Monetary Economics, 49 1317-1336.  link >

Other Publications

  • Almeida, H. (2012). How CFO's are using cash and the choices ahead.
  • Almeida, H. (2011). Apple investors steadfast, for now".
  • Almeida, H. (2011). Flight to safety may no longer include America.
  • Almeida, H. (2010). A funny thing happened on the way to the bank: Huge corporate cash holdings not what they seam".
  • Almeida, H. (2007). "Decline sets in at the conglomerate.
  • Almeida, H. (2006). Corporate and Monetary Policy".
  • Almeida, H. (2006). Corporate Cash Balances and Economic Activity".

Presentations

  • Almeida, H. (2018). Invited talk. Cass Business School Seminar.
  • Almeida, H. (2018). Invited talk. Edinburgh Business School Seminar.
  • Almeida, H. (2018). Invited lecture. Brazilian Finance Meeting, SFS Finance Cavalcade, Society for Financial Studies (SFS.
  • Almeida, H. (2018). Invited talk. Banco de Portugal.
  • Almeida, H. (2017). Invited talk. Federal Reserve Board.
  • Almeida, H. (2017). Conference presentation. American Finance Association Annual Meeting.
  • Almeida, H. (2017). Invited talk. Washington University in St. Louis.
  • Almeida, H. (2017). Invited talk. University of Illinois at Chicago.
  • Almeida, H. (2017). Invited talk. University of Colorado at Boulder.
  • Almeida, H. (2017). Invited talk. University of Cincinnati.
  • Almeida, H. (2017). Special lecture. European Financial Management Association Meeting.
  • Almeida, H. (2016). Invited talk. University of Exeter.
  • Almeida, H. (2016). Invited talk. University of Bristol.
  • Almeida, H. (2016). Invited talk. Goethe University.
  • Almeida, H. (2016). Invited talk. Michigan State University.
  • Almeida, H. (2016). Invited talk. Frankfurt Business School.
  • Almeida, H. (2016). Invited talk. University of Mannheim.
  • Almeida, H. (2016). Invited talk. University of Iowa.
  • Almeida, H. (2016). Conference presentation. American Finance Association Annual Meeting.
  • Almeida, H. (2016). New Research & Outlook on Credit Markets. Global Market Intelligence Conference, New York University Salomon Center.
  • Almeida, H. (2016). New Research & Outlook on Credit Markets. Journal of Law, Finance and Accounting (JFLA) Conference.
  • Almeida, H. (2016). New Research & Outlook on Credit Markets. Financial Management Association (FMA) Annual Meeting.
  • Almeida, H. (2015). Invited talk. Florida State University.
  • Almeida, H. (2015). Invited talk. Ivey Business School, University of Western Ontario.
  • Almeida, H. (2015). Invited talk. California Polytechnic State University.
  • Almeida, H. (2015). Invited talk. Boston University.
  • Almeida, H. (2015). Invited talk. University of Washington.
  • Almeida, H. (2015). Keynote lecture. NBER Summer Meeting, National Bureau of Economic Research.
  • Almeida, H. (2015). Keynote lecture. Wabash, SemeAd Conference.
  • Almeida, H. (2015). Keynote lecture. AFA, FGV-SP, American Finance Association.
  • Almeida, H. (2014). Invited talk. University of Amsterdam.
  • Almeida, H. (2014). Invited talk. George Washington University.
  • Almeida, H. (2014). Invited talk. Banco de Portugal.
  • Almeida, H. (2014). Invited talk. Universidade Nova de Lisboa.
  • Almeida, H. (2014). Invited talk. Federal Reserve Bank of New York.
  • Almeida, H. (2014). Invited talk. Hong Kong University of Science and Technology.
  • Almeida, H. (2014). Invited talk. London School of Economics.
  • Almeida, H. (2014). Invited talk. Manchester Business School.
  • Almeida, H. (2014). Invited talk. National University of Singapore.
  • Almeida, H. (2013). The Real Effects of Share Repurchases. Western Finance Association.
  • Almeida, H. (2013). Conference presentation. American Finance Association Annual Meeting.
  • Almeida, H. (2013). Invited talk. Nanyang Technological University.
  • Almeida, H. (2013). Invited talk. Georgia Institute of Technology.
  • Almeida, H. (2013). Invited talk. University of Chicago.
  • Almeida, H. (2013). Invited talk. Pompeu Fabra University.
  • Almeida, H. (2013). Invited talk. Nantes Ecole de Management.
  • Almeida, H. (2013). Invited talk. Singapore Management University.
  • Almeida, H. (2013). Invited talk. University of Houston.
  • Almeida, H. (2013). Invited talk. Rice University.
  • Almeida, H. (2013). Invited talk. Chinese University of Hong Kong.
  • Almeida, H. (2013). Keynote lecture. AFA, FGV-SP, American Finance Association.
  • Almeida, H. (2012). Invited talk. University of Sydney.
  • Almeida, H. (2012). Invited talk. Norwegian School of Economics.
  • Almeida, H. (2012). Invited talk. University of Technology Sydney.
  • Almeida, H. (2012). Invited talk. European Central Bank.
  • Almeida, H. (2012). Invited talk. University of New South Wales.
  • Almeida, H. (2012). Invited presentation. Brazilian Finance Meeting.
  • Almeida, H. (2012). Invited talk. Purdue University.
  • Almeida, H. (2012). Invited talk. University of New South Wales Seminar.
  • Almeida, H. (2012). Invited talk. Bocconi University.
  • Almeida, H. (2012). Invited talk. Brigham Young University.
  • Almeida, H. (2012). Invited talk. Cornell University.
  • Almeida, H. (2012). Invited talk. Universidade Nova Lisboa.
  • Almeida, H. (2012). Invited talk. University of Kentucky.
  • Almeida, H. (2012). Invited talk. University of Hong Kong.
  • Almeida, H. (2012). Invited talk. Boston College.
  • Almeida, H. (2012). Invited talk. University of Technology Sydney.
  • Almeida, H. (2012). Presentation. Annual Conference on Corporate Finance, Washington University.
  • Almeida, H. (2012). Presentation. NBER Summer Meeting.
  • Almeida, H. (2011). Invited talk. University of Southern California.
  • Almeida, H. (2011). Invited talk. University of Connecticut.
  • Almeida, H. (2011). Invited talk. University of California at San Diego.
  • Almeida, H. (2011). Invited talk. ESSEC-Paris.
  • Almeida, H. (2011). Invited talk. Vienna University of Economics and Business.
  • Almeida, H. (2011). Invited talk. University of Amsterdam.
  • Almeida, H. (2011). Invited talk. Universitat Pompeu Fabra.
  • Almeida, H. (2011). Invited presentation. NBER Summer Meeting.
  • Almeida, H. (2011). Invited talk. Deloitte CFO Conference.
  • Almeida, H. (2011). Invited talk. University of California at San Diego Seminar.
  • Almeida, H. (2011). Invited talk. University of Southern California Seminar.
  • Almeida, H. (2011). Invited talk. HKUST Finance Symposium, Hong Kong University of Science and Technology.
  • Almeida, H. (2010). Invited talk. University of Florida.
  • Almeida, H. (2010). Conference presentation. NYU-Penn Law and Finance Conference, New York University and University of Pennsylvania.
  • Almeida, H. (2010). Keynote speaker. Brazilian Finance Meeting.
  • Almeida, H. (2009). Invited talk. Federal Reserve.
  • Almeida, H. (2009). Invited talk. Emory University.
  • Almeida, H. (2009). Invited talk. Southern Methodist University.
  • Almeida, H. (2009). Invited talk. University of Miami.
  • Almeida, H. (2009). Invited talk. Chinese University of Hong Kong.
  • Almeida, H. (2009). Invited talk. Lancaster University.
  • Almeida, H. (2009). Invited talk. Massachusetts Institute of Technology.
  • Almeida, H. (2009). Invited talk. Tilburg University.
  • Almeida, H. (2009). Invited talk. University of Rotterdam.
  • Almeida, H. (2009). Invited talk. University of Utah.
  • Almeida, H. (2009). Invited talk. University of Michigan.
  • Almeida, H. (2009). Invited talk. Temple University.
  • Almeida, H. (2009). Conference presentation. American Finance Association Annual Meeting.
  • Almeida, H. (2009). Conference presentation. Texas Finance Festival, The University of Texas at Austin Dept. of Finance.
  • Almeida, H. (2009). Presentation. NBER Summer Corporate Finance Meeting, National Bureau of Economic Research.
  • Almeida, H. (2009). Presentation. Mitsui Finance Symposium, University of Michigan.
  • Almeida, H. (2008). Invited talk. Simon Fraser University.
  • Almeida, H. (2008). Invited talk. Michigan State University.
  • Almeida, H. (2008). Invited talk. University of British Columbia.
  • Almeida, H. (2008). Invited talk. University of Minnesota.
  • Almeida, H. (2008). Invited talk. Notre Dame University.
  • Almeida, H. (2008). Conference presentation. American Finance Association Annual Meeting.
  • Almeida, H. (2008). Conference presentation. Western Finance Association Annual Meeting.
  • Almeida, H. (2008). Conference presentation. AEA Annual Meeting, American Economic Association.
  • Almeida, H. (2008). Invited talk. Brazilian Finance Meeting.
  • Almeida, H. (2008). Presentation. University of North Carolina Tax Symposium.
  • Almeida, H. (2008). Presentation. NBER Corporate Finance Meeting.
  • Almeida, H. (2007). Invited talk. Toronto University.
  • Almeida, H. (2007). Invited talk. Washington University in St. Louis.
  • Almeida, H. (2007). Invited talk. Purdue University.
  • Almeida, H. (2007). Invited talk. Indiana University.
  • Almeida, H. (2007). Conference presentation. Financial Management Association (FMA) Annual Meeting.
  • Almeida, H. (2007). Conference presentation. European Financial Management Association (EFMA) Annual Meeting.
  • Almeida, H. (2007). Presentation. 4th Annual Conference on Corporate Governance, Washington University in St. Louis.
  • Almeida, H. (2006). Invited talk. Tulane University.
  • Almeida, H. (2006). Invited talk. Duke University.
  • Almeida, H. (2006). Invited talk. University of Washington.
  • Almeida, H. (2006). Invited talk. Arizona State University.
  • Almeida, H. (2006). Invited talk. University of California San Diego.
  • Almeida, H. (2006). Conference presentation. Western Finance Association Annual Meeting.
  • Almeida, H. (2006). Financing Constraints and Investments. European Financial Management Association (EFMA) Annual Meeting.
  • Almeida, H. (2006). Invited talk. University of Illinois at Urbana-Champaign.
  • Almeida, H. (2006). Invited talk. Oxford Said Business School.
  • Almeida, H. (2006). Invited talk. London Business School.
  • Almeida, H. (2006). Invited talk. HEC-Paris.
  • Almeida, H. (2006). Invited talk. Hong Kong University of Science and Technology (HKUST.
  • Almeida, H. (2006). Invited talk. Pontifical Catholic University of Rio de Janeiro (PUC-Rio.
  • Almeida, H. (2006). Invited talk. University of Southern California.
  • Almeida, H. (2006). Invited talk. Wharton Seminar, University of Pennsylvania.
  • Almeida, H. (2006). Presentation. Federal Reserve Bank of New York.
  • Almeida, H. (2005). Conference presentation. FMA Europe Conference, Financial Management Association.
  • Almeida, H. (2005). Conference presentation. Western Finance Association Annual Meeting.
  • Almeida, H. (2005). Conference presentation. American Finance Association Annual Meeting.
  • Almeida, H. (2005). Conference presentation. World Bank Conference on the Economics of Entry.
  • Almeida, H. (2005). Conference presentation. 15th Annual Conference on Financial Economics and Accounting, University of Southern California.
  • Almeida, H. (2005). Invited talk. Massachusetts Institute of Technology, University of Pennsylvania.
  • Almeida, H. (2005). Invited talk. University of Amsterdam Seminar.
  • Almeida, H. (2005). Invited talk. Princeton University Seminar.
  • Almeida, H. (2005). Invited talk. University of Chicago.
  • Almeida, H. (2005). Invited talk. Rutgers University Seminar.
  • Almeida, H. (2005). Invited talk. University of Tilburg Seminar.
  • Almeida, H. (2005). Invited talk. Wharton School, University of Pennsylvania.
  • Almeida, H. (2005). Invited talk. INSEAD Seminar.
  • Almeida, H. (2005). Invited talk. Ohio State University.
  • Almeida, H. (2004). Conference presentation. Financial Management Association (FMA) Annual Meeting.
  • Almeida, H. (2004). Conference presentation. Theoretical Frontiers in Corporate Finance, University of Amsterdam.
  • Almeida, H. (2004). Conference presentation. Western Finance Association Annual Meeting.
  • Almeida, H. (2004). Invited talk. CUNY University Baruch Seminar.
  • Almeida, H. (2004). Invited talk. University of Illinois Finance Seminar.
  • Almeida, H. (2004). Invited talk. Stockholm School of Economics Seminar.
  • Almeida, H. (2003). Invited talk. IBMEC-SP Seminar, Instituto Brasileiro de Mercado de Capitais (IBMEC.
  • Almeida, H. (2003). Invited talk. Fundação Getúlio Vargas (FGV-Rio) Seminar.
  • Almeida, H. (2003). Invited talk. Pontifical Catholic University of Rio de Janeiro (PUC-Rio) Seminar.
  • Almeida, H. (2002). Conference presentation. American Finance Association Annual Meeting.
  • Almeida, H. (2001). Invited talk. Michigan State University.
  • Almeida, H. (2001). Invited talk. University of Maryland.
  • Almeida, H. (2001). Invited talk. New York University Seminar.
  • Almeida, H. (2001). Invited talk. UCLA Seminar, University of California Los Angelos.
  • Almeida, H. (2001). Invited talk. University of Illinois Seminar.
  • Almeida, H. (2001). Invited talk. Yale University Seminar.
  • Almeida, H. (2001). Invited talk. Stanford University Seminar.
  • Almeida, H. (2001). Invited talk. Duke University Seminar.
  • Almeida, H. (2001). Invited talk. University of Southern California Seminar.
  • Almeida, H. (2001). Invited talk. University of North Carolina Seminar.
  • Almeida, H. (2001). Invited talk. University of Rochester Seminar.
  • Almeida, H. (2001). Invited talk. University of Michigan Seminar.
  • Almeida, H. (2001). Invited talk. Columbia University Seminar.
  • Almeida, H. (2001). Invited talk. The University of Texas at Austin Seminar.
  • Almeida, H. (2001). Invited talk. University of Chicago Seminar.
  • Almeida, H. (2001). Invited talk. Penn State University Seminar.
  • Almeida, H. (2000). Invited talk. INSEAD Seminar.
  • Almeida, H. (2000). Invited talk. London Business School Seminar.

Working Papers

  • Almeida, H., & Cheng, Y. Why Do Firms Tie Compensation to Earnings-per-share (EPS).
  • Almeida, H., Acharya, V., & Perez-Orive, A. A New Perspective on Bank-Dependency: The Liquidity Insurance Channel.
  • Almeida, H., Acharya, V., Ippolito, F., & Perez-Orive, A. Credit Lines and the Liquidity Insurance Channel.
  • Almeida, H., Carvalho, D., & Kim, T. Understanding the Credit Multiplier: The Working Capital Channel.
  • Almeida, H., Hankins, K., & Williams, R. Do Firms Hedge During Distress.
  • Almeida, H., Hsu, P., Li, D., & Tseng, K. More Cash, Less Innovation: The Effect of the American Jobs Creation Act of Patent Vlaue.
  • Almeida, H., Huang, R., Liu, P., & Xuan, Y. The Effect of Obamacare on Firm Employment and Performance.
  • Almeida, H., Kim, H., & Kim, C. Introduction: New Perspectives on Corporate Capital Structures.
  • Campello, M., & Almeida, H. Financial Constraints and Investment-Cash Flow Sensitivities: New Research Directions.
  • Almeida, H., Kim, B., & Kim, C. Introduction: New Perspectives on Corporate Capital Structures.

Grants

  • UIUC Research Board Grant, University of Illinois at Urbana-Champaign, 2008,2011
  • Research Grant from the Aspen Institute's Business & Society Program, Aspen Institute's Business & Society Program, 2004

Service

  • Track Chair, FMA, 2018 to present
  • Associate Editor, Journal of Banking and Finance, 2017 to present
  • Associate Editor, Journal of Financial Intermediation, 2013 to present
  • Associate Editor, Management Science, 2010 to present, 2011-2014
  • Associate Editor, International Review of Finance, 2008 to present
  • Associate Chair, SFS Finance Cavalcade, 2015, 2015-2017
  • Conference Organizer, SFS, 2015-2017
  • Co-editor, special edition of the Journal of Financial Economics on the "Capital structures of financial and non-financial firms", 2013-2016

Teaching Interests

Mergers and acquisitions, corporate finance

Research Interests

Financial constraints, international corporate finance, liquidity management, business groups, financial distress, corporate governance and managerial decision-making.

Current Courses

  • Financial Management (FIN 520) Introduction to financial management and decision making. Course topics: financial statement analysis, time value of money, project analysis and investment criteria, discounted cash-flow analysis for investment decisions, capital budgeting and planning (short-term and long-term), working capital management, and risk management. The course target audience is assumed to be mid-level managers. Other corporate finance topics appropriate for the C-suite will be covered as time allows.

  • Mergers & Acquisitions Topics (FIN 527) Focuses on identifying ways to increase firm value through mergers and acquisitions (M&A) and corporate restructurings. We will develop your skills in the design and evaluation of transactions. Specific topics addressed in the course are the valuation of companies, structuring of transactions, deal tactics and strategy, valuation of leveraged buyouts, and spin-offs/carve-outs. We will also delve into issues of law, accounting and taxation and how they affect the structuring and outcome of merger transactions. Knowledge about M&A is an important component of any corporate finance professional and is the foundation for effective work in a wide range of fields including corporate development, investment banking, consulting, and advising senior management.

  • Corporate Finance I & II (FIN 580) Lectures and discussions relating to new areas of interest. See class schedule for topics and prerequisites.

  • Corporate Finance I and II (FIN 580) Lectures and discussions relating to new areas of interest. See class schedule for topics and prerequisites.

  • Individual Study and Research (FIN 590) Directed reading and research.

  • Seminar in Corporate Finance (FIN 594) Theories, paradigms, and models of nonfinancial corporations; investigates the theoretical foundations and empirical evidence regarding corporate resource allocation, capital structure decisions, and dividend policies; covers in detail contingent claim analysis, signaling theory, and agency theory.

Contact

4037 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-333-2704

halmeida@illinois.edu

Vita

Google Scholar

SSRN

Website

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