Dr. Rodrigo Leite
Assistant Professor of Finance (with tenure), COPPEAD Graduate School of Business
CV (English) | Google Scholar | CV (Portuguese)
e-mail: rodrigo [ d o t ] oliveira [ a t ] coppead [ d o t ] ufrj [ d o t ] braddress: Rua Pascoal Lemme 355 Office 423, 21941-918, Rio de Janeiro - Brazil
Short Bio
Much of my research is motivated by questions in financial economics, though my work also deals in the fields of accounting, psychology and public policy. I am interested in understanding how humans make financial decisions and the roles of certain biases on the decision-making process, including how these biases may affect the performance of individuals and groups. My topics of interest also include the dynamics of financial institutions and disavantaged groups, especially regarding microfinance and microcredit. Finally, a new topic of research that I am pursuing is regarding the efficiency of public procurement processes. My research has been published in journals in the fields of finance, accounting, economics and mathematics.
I received my PhD from the Brazilian School of Public and Business Administration in 2018. I was Assistant Professor of Accounting at the Rio de Janeiro State University between 2016-2019, and Post-Doctoral Fellow at the Brazilian School of Public and Business Administration since 2019. I am currently Assistant Professor of Finance at the Federal University of Rio de Janeiro. I am also asked frequently to comment on financial-related subjects for main international news outlets (such as CNN, BBC, and Forbes), and also for main Brazilian ones (such as G1, IstoÉ, O Estado de SP, and Valor Econômico).
Education
PhD in Business, Brazilian School of Public and Business Administration (2016-2018)
MSc in Business, Brazilian School of Public and Business Administration (2015)
BA in Accounting, Rio de Janeiro State University (2011-2014)
Academic and Professional Positions
Assistant Professor of Finance (with tenure), Federal University of Rio de Janeiro (2019-present)
Head, COPPEAD Finance, Accounting, and Sustainability Research Lab (2022-present)
Consultant, World Bank (2019) & COPPETEC Foundation (2020-present)
Assistant Professor of Accounting (with tenure), Rio de Janeiro State University (2016-2019)
Post-Doctoral Fellow, Brazilian School of Public and Business Administration (2019-present)
Associate Researcher, Applied Research Center in Accounting & Analytics (2019-present)
Selected Publications
Probable at first glance, but unlikely after a closer look: The role of cognitive reflection ability in the assessment of probabilistic expressions
(with R.L. Cardoso and A.C.B. de Aquino)
The International Journal of Accounting, 58(2):2350004 (2023)Do Contingent Convertible Bonds Reduce Systemic Risk?
(with L.S. Mendes and J. Fajardo)
Journal of International Financial Markets, Institutions & Money, 78:101554 (2022)Financial contagion in internet lending platforms: Who pays the price?
(with W.G. Cheng and F. Caldieraro)
Finance Research Letters, 45:102187 (2022)The Role of Motivated Financial Institutions on Community Currencies Loans
(with L.S. Mendes, R. Tommasetti, V.M. Maia and R.S. Larrain)
International Journal of Financial Studies, 10(4):91 (2022)Cash Holdings and Profitability of Banks in Developed and Emerging Markets
(with G. Fernandes and L.S. Mendes)
International Review of Economics & Finance, 71:880-995 (2021)Revisiting the Accounting Fraud components: A Bottom-up Approach using the Twitter Platform
(with R. Tommasetti, V.M. Maia, and M. Macedo)
SAGE Open, 11(4):1-12 (2021)Morality and perception of corruption
(with R. Dias and L.S. Mendes)
Latin American Business Review, 22(2):163-188 (2021)Sentiment Analysis based on a Social Media Customised Dictionary
(with M.D. Almeida, V.M. Maia, and R. Tommasetti)
MethodsX, 8:101449 (2021)Profit Status of Microfinance Institutions and Incentives for Earnings Management
(with L.S. Mendes and R. Moreira)
Research in International Business & Finance, 54:101255 (2020)The Theory of Cognitive-Conditional Conservatism in Accounting
(with R.L. Cardoso)
Mathematics, 8(9):1552 (2020)Job market compensation for cognitive reflection ability
(with R.L. Cardoso, A.P.G. Jelihovschi and J. Civitarese)
Research in Economics, 74(1):87-93 (2020)To Profit or not to Profit? Assessing financial sustainability outcomes of Microfinance Institutions
(with L.S. Mendes and L.C. Sacramento)
International Journal of Finance & Economics, 24(3):1287-1299 (2019)Microfinance for women: Are there economic reasons? Evidence from Latin America
(with J. Civitarese)
Economics Bulletin, 39(1):571-580 (2019)The Effect of Cognitive Reflection on the Efficacy of Impression Management: an experimental analysis with financial analysts
(with R.L. Cardoso and A.C.B. Aquino)
Accounting, Auditing & Accountability Journal, 31(6):1668-1690 (2018)A Graph is Worth a Thousand Words: how overconfidence and graphical disclosure of numerical information influence financial analysts' accuracy on decision making
(with R.L. Cardoso and A.C.B. Aquino)
PLOS One, 11(8):e0160443 (2016)
Working Papers
"The effects of cognitive reflection and work experience on financial statement comparability under principles-based accounting standards", with L. Barcellos, R. Cardoso (Revise & Resubmit at Accounting Forum)
"Competition and Efficiency in Procurement Auctions: Evidence from a million Brazilian auctions", with B. S. Paiva and L.C. Sacramento (Revise & Resubmit at Evaluation Review)
"Innovating Microcredit: How Fintechs Change the Field", with E. Camelo and L. Mendes (Revise & Resubmit at Journal of Economics and Business)
"Auditing Practice and Cognitive Aging: Evidence from a Quasi-Experiment", with L. Barcellos and R. Cardoso (submitted)
"Can Fake News Impact the Stock Market? Evidence from Politicians’ Statements", with P. Behr and M. Moura (submitted)
"Hybrid securities as a strategy of sequential finance in the banking sector", with L.S. Mendes and J. Fajardo (submitted)
"The Political Economy of Banks' Cash Holdings", with L.S. Mendes (working paper)
"The Effects of Combined Graph Manipulation Techniques on Analysts' Perception of Firm Performance", with R. Cardoso, T. Fonseca, and A. Balloni (working paper)
Recognition & Awards
Nominated for Best Strategy Paper, 2023, Meeting of the Brazilian Academy of Management.
Young Researcher Fellowship, 2022, FAPERJ.
Top 10 Download List, 2021, Social Science Research Network (SSRN).
Best Plenary Section Paper, 2018, USP International Conference in Accounting.
Best Accounting Paper, 2016, Meeting of the Brazilian Academy of Management.
Kenneth E. Bresset Award (second place), 2015, American Numismatic Association.
Plenary Section Paper, 2015, USP International Conference in Accounting.
Youngest tenure-track professor of the Federal University of Rio de Janeiro at the time of entering.
Elected Member of the Council of the Federal University of Rio de Janeiro (2020-2023).
Service
Reviewer
Accounting, Auditing and Accountability Journal; Finance Research Letters; Review of Development Economics; International Review of Economics and Finance; International Review of Financial Analysis; Journal of International Financial Markets, Institutions, and Money (2); Socio-Economic Planning Sciences (3); Journal of International Development; Managerial Finance; International Transactions in Operational Research; Journal of Sustainable Finance & Investment (2); African Development Review (2); Applied Economics (2); Applied Economics Letters; Latin American Business Review (3).
Conferences
American Accounting Association Mid-Atlantic Region Meeting (reviewer and discussant); JAAF Conference (reviewer and discussant); Brazilian Finance Society Meeting (session chair and discussant); Brazilian Academy of Management Annual Meeting (reviewer, session chair and discussant); USP Conference in Accounting (discussant).
Conference Papers
AAA Annual Meeting (2015, 2016); AAA Mid-Atlantic Region Meeting (2019); Journal of Accounting, Auditing and Finance Conference (2019); Finance Research Letters Conference (2022); LUBRAFIN Conference (2022); Brazilian Finance Meeting (2017, 2018, 2020, 2022); Brazilian Econometric Meeting (2018, 2022); Brazilian Academy of Management Annual Meeting (2016, 2017, 2018, 2020); USP Conference in Accounting (2016, 2018).
Media Commentary
Subsídios para uma nova política de Ciência, Tecnologia e Inovação - O Estado de SP, Dec. 15th 2022
Ceará tem 577 obras federais paralizadas, aponta TCU - O Povo, Dec. 2nd 2022
Expectativa do mercado para o crescimento da economia chega a 2,8% e ultrapassa projeções do governo - Brasil 61, Dec. 1st 2022
Como proteger os trabalhadores de aplicativo? - O Estado de SP, Sep. 24th 2022
IPCA de julho é indicativo de que inflação pode começar a recuar, apontam especialistas - Jornal do Sudoeste, Aug. 12th 2022
Ainda em guerra contra inflação, Selic sobe pela 12ª vez e vai a 13,75% - Portal Inset, Aug. 3rd, 2022
Número de empregados no país é o maior em sete anos - Diário do Grande ABC, July 1st 2022
Queda de preço dos combustíveis em foco - Revista Combustíveis & Conveniência, June/July 2022
Estado de emergência: por que PEC que libera gastos em ano eleitoral é tão polêmica? - BBC Brasil, June 29th 2022
Coelho deixa presidência da Petrobras após reclamações - Diário do Grande ABC, June 22nd 2022
Selic a 12,75% a.a.: Copom define se ciclo de alta da taxa de juros está próximo do fim nesta semana - Space Money, June 13th 2022
Solução à vista, problemas a prazo: como pacote do combustível afeta as contas públicas - Gazeta do Povo, June 12th 2022
Copom define Selic nesta semana; Fim do ciclo de alta dos juros está próximo? - Investing.com, June 12th 2022
Selic X Inflação: Quem ganha em 2022? Debate divide opiniões - Mais Retorno, May 6th 2022
Ibovespa (IBOV) já caiu demais e pode ter retomada em breve, dizem analistas - Money Times, Apr. 26th 2022
Análise de Empresas: Como os Bancos Fazem o Controle de Seus Caixas? - Investing.com, Apr. 22nd 2022
Prazos desafiam abertura e compartilhamento de dados - Jornal Valor Econômico, Mar. 31st 2022
Rio é quinto estado com maior número de inadimplentes; veja o que dizem os especialistas e como fugir das dívidas - Jornal O Dia, Mar. 20th 2022
Guerra não impacta decisões do Fed e Copom sobre juros agora, dizem economistas - Invest News, Mar. 15th 2022
A Queda da Maganize Luiza e o Que Isso nos Ensina Sobre Investimentos - Investing.com, Dec. 30th 2021
Cenário pós-pandemia favorece produtos de proteção do aluguel - Revista de Seguros, Oct/Dec 2021
Existe a Melhor Decisão em Finanças? - Investing.com, Oct. 24th 2021
Crédito Caixa Tem: cuidados necessários antes de se contratar o empréstimo - Portal iDinheiro, Oct. 6th 2021
O que é offshore? E paraíso fiscal? E por que alguém coloca dinheiro nesses locais? - G1, Oct. 4th 2021
Petrobras (PETR3 e PETR4) e Banco do Brasil (BBAS3) serão privatizados? Entenda o plano de Guedes para as estatais - Portal 1 Bilhão, Sep. 30th 2021
Davi Versus Golias: a Saga do Pequeno Investidor Moderno - Investing.com, Sep. 24th 2021
Privatização dos Correios: O que vai acontecer com os funcionários? - Valor Investe, Aug. 11 2021
Quem ganha e quem perde com o dólar mais barato - Gazeta do Povo, Jul. 1st 2021
Até aqui, reforma tributária parece aumentar a carga, dizem especialistas - CNN Brasil, Jun. 25 2021
Curto-circuito à frente? - IstoÉ Dinheiro, Jun. 18 2021
Saiba por que o Dólar está em queda e como isso afeta a sua vida - Portal iDinheiro, Jun. 11 2021
Após quedas pode-se considerar o Bitcoin uma bolha financeira? Entenda - Potal iDinheiro, May 26 2021
Especialistas projetam forte valorização em ações da Eletrobras com capitalização - Forbes, May 21 2021
Projeto que traz o come-cotas a fundos fechados e FIPs anda na Câmara e já tem relator - Mais Retorno, May 21 2021
Privatização ‘esquisita’ da Eletrobras não será jogo fácil no Senado, dizem especialistas - Suno Research, May 20 2021
A lama virou ouro? - IstoÉ Dinheiro, May 8 2021
Copom cumpre expectativa unânime e sobe SELIC para 3,50% em Maio - Portal iDinheiro, May 5 2021
Entrevista sobre a 'concessão da CEDAE' - Canal MyNews, Apr. 30 2021
O que está no Orçamento 2021 e como isso pode afetar a sua vida - Portal iDinheiro, Apr. 28 2021
Fintechs bancárias 'descobrem' o interior - Revista Brasileira de Administração, Jan./Fev. 2021
Fluxo de investidores para a bolsa é estrutural e deve se manter em 2021 - Investing.com, Dec. 30 2020