Correia, Maria do Rosário
Loading...
Email Address
Birth Date
Job Title
Last Name
Correia
First Name
Maria do Rosário
Name
Maria do Rosário Correia
Biography
Docente do Departamento de Economia e Gestão.
Identifiers
B011-0BC3-BE40Research Projects
Organizational Units
REMIT – Research on Economics, Management and Information Technologies
Centro de investigação que que tem como objetivo principal produzir e disseminar conhecimento teórico e aplicado que possibilite uma maior compreensão das dinâmicas e tendências económicas, empresariais, territoriais e tecnológicas do mundo contemporâneo e dos seus efeitos socioeconómicos. O REMIT adota uma perspetiva multidisciplinar que integra vários domínios científicos: Economia e Gestão; Ciências e Tecnologia; Turismo, Património e Cultura.
Founded in 2017, REMIT – Research on Economics, Management and Information Technologies is a research unit of Portucalense University. Based on a multidisciplinary and interdisciplinary perspective it aims at responding to social challenges through a holistic approach involving a wide range of scientific fields such as Economics, Management, Science, Technology, Tourism, Heritage and Culture.
Grounded on the production of advanced scientific knowledge, REMIT has a special focus on its application to the resolution of real issues and challenges, having as strategic orientations:
- the understanding of local, national and international environment;
- the development of activities oriented to professional practice, namely in the business world.
11 results
Search Results
Now showing 1 - 10 of 11
Publication Open Access Participação das mulheres nos órgãos de decisão das empresas: O caso Português [comunicação oral]2024-09-19 - Correia, Maria do RosárioSem resumo disponível.Publication Open Access Estudos sobre mulheres, género e interseccionalidade [comunicação oral]2025-03-10 - Gomes, Sofia; Assis, Zamira De; Correia, Maria do RosárioSem resumo disponível.Publication Open Access A Dynamic Analysis of the Determinants of the Greek Credit Default Swaps2016-06-18 - Correia, Maria do Rosário; Gokus, Christian; Hallett, Andrew Hughes; Richter, Christian R.There is a consensus in finance literature that credit default swap spreads can be used to calculate the default probability of a government bond. The question is therefore what determines the credit default swap spreads and also what is a good indicator that predicts the future behaviour of this security spreads. In this paper, we investigate several variables which have been used in the past to predict the CDS spreads. We do this by analysing the behaviour of credit swaps spreads of Greek sovereign debt over the recent financial crisis. We take into account the changes on the data generating process as the crisis evolves. Moreover, we also investigate which part of the dynamic process of CDS spreads is explained by each possible determinant. In order to do so, we use a time-frequency approach. As it turns out, some determinants are better in explaining the short term behaviour of the CDS spreads whilst others explain the long term behaviour. We can also say by how many months one factor determines the behaviour of the CDS spreads for Greek sovereign debt.Publication Open Access Venture Capital and the Use of Convertible Securities and Control Rights Covenants: A Fuzzy Set Approach2019-08-31 - Correia, Maria do Rosário; Meneses, Raquel F. Ch.Although venture capital is considered crucial for promoting economic development and innovation, not much has been done regarding the use of complex financing contracts in venture capital backed investments. In this study we investigate the use of convertible securities and control rights covenants for a sample of 15 Portuguese venture capital firms. We use a relatively new methodology in business and management sciences - fuzzy set Qualitative Comparative Analysis - that considers both quantitative and qualitative factors for obtaining a solution that best fits the empirical data. Our results show that the use of convertible securities is affected by the anticipated severity of double-sided moral hazard problems. On the other hand, only a weak support is provided to the agency predictions regarding the use of control right covenants. Interestingly, the results reveal that convertible securities, unlike control rights covenants, are the most apt instruments to reduce costly double-sided incentive problems of a venture capital relationship.Publication Restricted Access A fuzzy set analysis of the determinants of intention to adapt and pro-environmental behaviour2021-06-23 - El-Deeb, Sara; Correia, Maria do Rosário; Richter, ChristianPurpose The purpose of this paper is to investigate what drives people to show a willingness to mitigate the effects of climate change. To accomplish this goal, this research uses the theory of planned behaviour to examine whether attitude towards climate change, subjective norm and perceived behavioural control are potential determinants of a pro-environmental intention and thus a pro-environmental behaviour. Design/methodology/approach This explanatory paper applies a Fuzzy Set Qualitative Comparative Analysis to identify the key drivers of pro-environmental intention and behaviour. A non-probability convenience sample of 481 Egyptian respondents was collected. Findings This study finds that awareness combined with a willingness to pay to mitigate climate change are key drivers of pro-environmental intention. Moreover, personal responsibility and confidence in the ability to mitigate climate change also trigger climate-friendly intentions. Finally, it is found that societal engagement and willingness to take action increase the propensity to exhibit pro-environmental behaviour. Research limitations/implications The results of our analysis cannot be generalized to the Egyptian population as a whole as our sample only comprises a sample of Egyptian students. Originality/value This paper is novel as it is the first that applies Qualitative Comparative Analysis to the Theory of Planned Behaviour. By doing so, the paper sheds light on the understanding of key cognitive, social-psychological and behavioural factors which lead to environmental actions. Hence, it provides policy-makers with a framework to support a more sustainable society.Publication Restricted Access The choice of maturity and additional covenants in debt contracts: A panel data approach2008-09-01 - Correia, Maria do RosárioThis paper provides a comprehensive analysis for the choice of contract terms in UK Eurobonds. Typically, the theory associates the choice of debt contract terms to firm and market characteristics, arguing that an adequate choice of these terms allows for the reduction of debt contracting costs. We use a panel data approach to examine the validity of extant predictions concerning the choice of maturity, call options, convertible options and protective covenants. Findings provide support to the agency prediction that debt contract terms function as alternative control mechanisms. Additionally, complementary role is found for the use of convertible and call options. Evidence that managers follow a maturity-matching rule, favour capital structure's flexibility in high growth scenarios and use protective covenants when firm's credibility is low corroborates further agency predictions.Publication Restricted Access An empirical investigation of the sustainability of the public deficit in Portugal2008-03-27 - Correia, Maria do Rosário; Neck, Reinhard; Panagiotidis, Theodore; Richter, ChristianIn this paper, we investigate Portuguese government expenditures and revenues as an example for a long time series. Our hypothesis states that there may be periods when the deficit is sustainable and those when it is not. Usually, after a period of unsustainable deficits, a new regime takes over. These regime shifts call for an approach that takes into account a non-constant structure of the underlying data generating process. Consequently, we use different tests which we set up in a time-varying framework. We apply and compare the results of the Trace test, Breitung’s non-parametric test and the Bohn test. We identify several break points and find that the Trace test performs worst in this case while Breitung’s test and the Bohn test give similar results. Comparing the results with history, we find that the last two tests best reflect what happened historically.Publication Open Access Corporate sustainability performance throughout the firm life cycle: Case of Egypt2022-02-07 - Gamal, Laila; Wahba, Hayam; Correia, Maria do RosárioThe role of corporations in society is an age-old debate among practitioners and academics. The corporations’ primary goal is to excel, prosper, and expand financially is no longer suitable for the community. Unfortunately, the need for financial prosperity leads to hazardous workplaces, chemical exposure, and urban decay. Therefore, companies now view internal and external corporate responsibility as a critical business strategy for sustainable management. Thus, examining the impact of firm life cycle stages on business activities, notably sustainability programs and CSR investments, can shed light on a company’s CSR initiatives and sustainability choices. This study uses 420 firm-year data samples from 2013 till 2018 in examining the association between CSR proxied by corporate sustainability performance (CSP) index and firm life cycle for firms listed in the S&P/EGX ESG index. A thorough search of the relevant literature shows that this is the first study to demonstrate this association in Egypt empirically. Our findings show a significant relationship between CSP and firm life cycle stages. The results also show that the firm life cycle has greater explanatory power for CSP levels than previously thought. Therefore, organizations should choose and implement CSR initiatives based on their life cycle stage to ensure long-term value and growth.Publication Restricted Access Working Paper Series2026-03-13 - Reis, Ana Sofia; Pacheco, Luís Miguel; Correia, Maria do RosárioGender diversity on Boards of Directors has gained increasing prominence in the literature, particularly in the context of corporate governance and financial performance. The present study examines whether there is a relationship between gender diversity on BoD and the financial performance of medium-sized, unlisted Portuguese industrial companies. A quantitative approach was adopted using panel data from 298 companies over the period 2018 to 2023. The results reveal that the majority of companies in the sample would not meet the minimum threshold of 33.33% female representation on boards, as established by the European Directive on gender balance. The findings do not indicate a significant association between either the presence or proportion of women on boards of directors and the main financial indicators analysed. Similarly, no significant relationship was found between female firm leadership and firm performance. The limited presence of women in leadership positions observed in the companies analysed may explain the absence of the positive effects highlighted in the literature. Nevertheless, the results should not be interpreted as a denial of the relevance of female leadership, but rather as a reflection of persistent structural gender inequality in medium-sized Portuguese companies.Publication Restricted Access From Systematic to Mimetic Behavior in the International Market Selection2021-03-01 - Correia, Maria do Rosário; Meneses, RaquelTraditionally, the international market selection is a systematic process, based on predefined criteria. This process is, however, very time- and cost-consuming, and only a small number of firms have sufficient resources to do it. So, according to the Uppsala Model, firms tend to internationalize to the closest markets (psychic distance), managing uncertainty in a very gradual process based on experiential knowledge. The second-hand knowledge that flows in the firm's network could help firms select the market, helping them to expand gradually. Independently from the source (experiential or second hand), knowledge seems to be a mandatory resource to internationalize. However, a lot of firms imitate other firms' behavior, selecting the international market according to others' selections, believing that they must have superior information. In this situation, firms could imitate the leader (a successful firm) or the herd (a big number of firms). This international market selection is not based on knowledge; it is a mimetic process.