Paulo Viegas de Carvalho
217903936 (Ext. 795121)
Office D5.12
Teaching Activities
Teaching Year Semester Course Name Degree(s) Coordinator
2025/2026 Market Risk Management Post Graduation Program in Economics and Regulation of Financial Institutions; No
2025/2026 Financial Modelling and Business Plan Bachelor Degree in Finance and Accounting; No
2025/2026 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2025/2026 Corporate Finance Master Degree in Monetary and Financial Economics; Yes
2025/2026 Seminars in Finance Projects Master Degree in Finance; Yes
2025/2026 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2025/2026 Finanças Empresariais Other programme in Applied online Post Graduate in Finance and Management Control; Yes
2024/2025 International Financial Management -- No
2024/2025 Market Risk Management Post Graduation Program in Economics and Regulation of Financial Institutions; Yes
2024/2025 Finanças Empresariais Other programme in Applied online Post Graduate in Finance and Management Control; Yes
2024/2025 Financial Reporting and Analysis Other programme in Applied Online Post Garduate in Corporate Finance; Yes
2024/2025 Financial Modelling and Business Plan -- No
2024/2025 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2024/2025 Corporate Finance Post Graduation Program in Health Services Management; Yes
2024/2025 Corporate Finance Master Degree in Monetary and Financial Economics; Yes
2024/2025 Seminars in Finance Projects Master Degree in Finance; Yes
2024/2025 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2024/2025 Corporate Finance Applied to People Management Post Graduation Program in People Management and Leadership; Yes
2024/2025 Finance for Executives Master Degree in Applied Management; Yes
2024/2025 Market risks and interest rates -- No
2024/2025 Credit Risk -- No
2024/2025 Credit Risk -- No
2024/2025 ESG Risk -- No
2024/2025 Finanças Empresariais Other programme in Applied online Post Graduate in Finance and Management Control; Yes
2023/2024 Market Risk Management Post Graduation Program in Economics and Regulation of Financial Institutions; Yes
2023/2024 Financial Analytics Post Graduation Program in Analytics for Business; Yes
2023/2024 Financial Risk Management -- No
2023/2024 Economic and Financial Analysis of Companies -- No
2023/2024 Financial Reporting and Analysis Other programme in Applied Online Post Garduate in Corporate Finance; Yes
2023/2024 Financial Modelling and Business Plan -- No
2023/2024 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2023/2024 Corporate Finance Master Degree in Monetary and Financial Economics; Yes
2023/2024 Seminars in Finance Projects Master Degree in Finance; Yes
2023/2024 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2023/2024 Economic and Financial Analysis of Companies -- No
2023/2024 Sustainable Finance -- Yes
2022/2023 Market Risk Management Post Graduation Program in Economics and Regulation of Financial Institutions; Yes
2022/2023 Financial Analytics Post Graduation Program in Analytics for Business; Yes
2022/2023 Financial Reporting and Analysis Other programme in Applied Online Post Garduate in Corporate Finance; Yes
2022/2023 Financial Modelling and Business Plan Bachelor Degree in Finance and Accounting; No
2022/2023 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2022/2023 Corporate Finance Master Degree in Monetary and Financial Economics; Yes
2022/2023 Seminars in Finance Projects Master Degree in Finance; Yes
2022/2023 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2021/2022 Market Risk Management Post Graduation Program in Economics and Regulation of Financial Institutions; Yes
2021/2022 Financial Modelling and Business Plan Bachelor Degree in Finance and Accounting; No
2021/2022 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2021/2022 Corporate Finance Master Degree in Monetary and Financial Economics; Yes
2021/2022 Seminars in Finance Projects Master Degree in Finance; Yes
2021/2022 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2020/2021 Market Risk Management Post Graduation Program in Economics and Regulation of Financial Institutions; Yes
2020/2021 Fundamentals of Finance Bachelor Degree in Industrial Management and Logistics; No
2020/2021 Financial Modelling and Business Plan -- No
2020/2021 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2020/2021 Corporate Finance Master Degree in Monetary and Financial Economics; Yes
2020/2021 Seminars in Finance Projects -- Yes
2020/2021 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2020/2021 Corporate Financial Strategy Master Degree in Management; No
2019/2020 Market Risk Management Post Graduation Program in Economics and Regulation of Financial Institutions; Yes
2019/2020 Fundamentals of Finance Bachelor Degree in Economics; Bachelor Degree in Management; No
2019/2020 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2019/2020 Corporate Finance Master Degree in Monetary and Financial Economics; Yes
2019/2020 Seminars in Finance Projects Master Degree in Finance; Yes
2019/2020 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2019/2020 Mergers and Acquisitions and Company Valuation Institutional Degree in ISCTE Business School; Yes
2019/2020 Corporate Financial Strategy Master Degree in Management; No
2018/2019 Fundamentals of Finance Bachelor Degree in Economics; No
2018/2019 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2018/2019 Seminars in Finance Projects Master Degree in Finance; Yes
2018/2019 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2017/2018 Fundamentals of Finance Bachelor Degree in Economics; No
2017/2018 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2017/2018 Seminars in Finance Projects Master Degree in Finance; Yes
2017/2018 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2016/2017 Fundamentals of Finance Bachelor Degree in Economics; No
2016/2017 Market Risk Master Degree in Financial Mathematics (ISCTE/FCUL); Yes
2016/2017 Introduction to Corporate Finance -- Yes
2016/2017 Seminars in Finance Projects Master Degree in Finance; Yes
2016/2017 Valuation of Projects and Firms Master Degree in Business Economics and Competition; Yes
2015/2016 Fundamentals of Finance Bachelor Degree in Economics; Bachelor Degree in Management; No
2015/2016 Fundamentals of Finance Bachelor Degree in Economics; Bachelor Degree in Management; No
2015/2016 Corporate Finance Bachelor Degree in Finance and Accounting; No
2015/2016 Market Risk -- Yes
2015/2016 Introduction to Corporate Finance -- Yes
2015/2016 Seminars in Finance Projects Master Degree in Finance; Yes
2015/2016 Financial Management II -- No
2014/2015 Fundamentals of Finance Bachelor Degree in Economics; No
2014/2015 Financial Management II -- No
2014/2015 Corporate Financial Strategy Master Degree in Management; No
2013/2014 Analisys and Corporate Finance Bachelor Degree in Human Resources Management; Yes
2013/2014 Financial Management II -- Yes
Supervisions
Ph.D. Thesis (1)
Concluded (1)
Student Name Title/Topic Language Institution Initial Year Concluding Year
Pedro Carvalho Neto Gabriel Silva Essays on Initial Margin Models English Iscte 2022 2025
M.Sc. Dissertations (82)
Ongoing (13)
Student Name Title/Topic Language Status Institution Initial Year
José Pedro Alves Dias Assessing the Hedging Performance of Green Financial Instruments Amidst Market Volatility: A Comparative Analysis English Delivered Iscte 2024
Ricardo Filipe Serra Fernandes Testes de Stress: Implicações para o Mercado de Ações Developing Iscte 2025
Marcos André Miguel Diogo Equity Valuation: Inditex Developing Iscte 2025
Francisco Noé Palmeiro de Sousa Análise da relação entre rendabilidade e risco de diferentes carteiras Developing Iscte 2025
Insa Quiara Alves Gomes Ofany Influência dos determinantes macroeconómicos nas operações de M&A Developing Iscte 2025
Pedro Filipe Madeira Fragoso Equity Research about Adidas Developing Iscte 2025
Elaha Abidi Effect of greenwashing in stock prices Developing Iscte 2025
Tomás António Pinto Janeiro Luxury Goods Market: A Financial Analysis of LVMH Portuguese Delivered Iscte 2025
Magly Xavier Trentini Analysing the Collapse of Silicon Valley Bank Developing Iscte 2025
Patrick Miguel Mestre Louzeau Plano de negócios inovador - Ficusland Developing Iscte 2024
Inês Filipa Duarte Rafael Influência da captação das dependências não lineares entre retornos de ativos na medição do risco de mercado Developing Iscte 2024
Guilherme Rodrigues Esteves Equity Valuation: Eli Lilly and Company Developing Iscte --
Sérgio Manuel Ferreira Vaz Empresa de distribuição de água e recolha de águas residuais em 20 concelhos do Alentejo com tarifas socialmente aceites Developing Iscte --
Concluded (69)
Student Name Title/Topic Language Institution Initial Year Concluding Year
Guilherme Proença da Cunha Carvalho Portugal Socially Responsible Investments in Portugal: Knowledge, Trends and Challenges English Iscte 2024 2025
Rita Alexandra Carinhas Rosa Analyzing ESG VaR as an Additional Factor in the Fama-French Model Portuguese Iscte 2024 2025
Afonso Correia Carvalho Equity Research - Microsoft Corp. (MSFT) English Iscte 2024 2025
Patrícia Alexandra Sobreda da Cruz Backtesting Expected Shortfall: Historical Simulation Based Analysis of a US Diversified Portfolio English Iscte 2025 2025
André Lourenço Tarelho Backtesting Expected Shortfall Portuguese Iscte 2025 2025
Sebastião Maria Cavaco Falcato An Assessment of Historical Simulation Techniques for Alternatives Investments English Iscte 2025 2025
Tomás Henriques Soares The Impact of ESG Scores on Corporate Bond Spreads: An EU Analysis English Iscte 2024 2025
Mayssa Ayadi The impact of the pandemic on the credit risk management strategis of European commercial banks. English Iscte 2024 2025
Juan Jose Urdaneta Acevedo Equity Valuation: TPI Composites English Iscte 2024 2025
João Tiago Matos Matias Bank debt spreads: a comparative study Portuguese Iscte 2024 2025
Maria Inês Francisco Baptista Gouveia Determining variables of Financial Literacy in Portugal Portuguese Iscte 2024 2025
Rodrigo Nuno Matias Constantino ADAPTIVE STRATEGIES: HEDGE FUND AND MUTUAL FUND PERFORMANCE IN THE CONTEXT OF EMERGING MARKETS English Iscte 2024 2025
Diogo Filipe Marques Murteira The Impact of Business Angels on the Development of Start-ups Portuguese Iscte 2024 2024
Beatriz Alexandra Barreiros Morais-Pequeno The Factors that Influence Risk Aversion English Iscte 2024 2024
Ahmed Abdelfatah Mostafa Khalil Badr How consistent are the sovereign credit ratings? English Iscte 2024 2024
Maria Carolina Dias Ferreira Diversification Benefits of a Volatility-linked Asset English Iscte 2024 2024
João David Sousa Dias Credit Risk Assessment: A Comparison Between Machine Learning and Traditional IRB Models English Iscte 2023 2024
Rahman Satyanegara Risk and Performance Analysis of Conventional and Sustainable Mutual Funds in Europe and ASEAN English Iscte 2024 2024
Pierre Louis Jean Hervé Guilmineau Can the trade off theory and the agency cost theory be applied to the case of Hertz’s bankruptcy in order to explain the reason(s) for its financial distress and its recovery? English Iscte 2024 2024
Diogo Filipe Maia Gomes An Assessment of Historical Simulation Techniques for VaR English Iscte 2024 2024
Raquel dos Santos Santiago Impact of COVID-19 on the financial profitability of Clinical Analysis Laboratories in Portugal Portuguese Iscte 2023 2024
Rui Pinto Caeiro Trancoso Torres Trading Strategies in Corporate Credit using Cross Sectional Relative Value Analysis English Iscte 2024 2024
Mariana Pinto Cardoso Green Policies release and their Impact on the U.S Stock Market English Iscte 2021 2024
Maria Saraiva Veiga Does a Change in ESG Rating Affect the Credit Rating? English Iscte 2023 2024
Beatriz Tomás de Castro Conditional Copula-GARCH model for non-linear dependencies between asset returns Portuguese Iscte 2023 2023
Marta Susana Boino Mota Euro-Dollar Parity: the 2022 Market and Impact on Companies English Iscte 2023 2023
João Miguel Garcias Catarino Backtesting Expected Shortfall: Comparative study and impact analysis on capital requirements English Iscte 2023 2023
Colin Michel Armand Barbot Performance comparison of a Socially Responsible Investment stocks portfolio and conventional indexes for French private investors. English Iscte 2023 2023
Rui Pedro Amado Costa Equity Research: Greenvolt - Energias Renováveis, S.A. English Iscte 2023 2023
Mariana Sofia Oliveira Moita SMEs growth drivers in Portugal Portuguese ISCAL 2021 2022
João Manuel dos Santos Patrício Stability of Credit Ratings - The Rating Agencies' sensitivity to the economic cycle English Iscte 2022 2022
Pedro Dinis Cabrita Campina Impact of climate transition commitments on financial perfomance in a high emissions industry English Iscte 2022 2022
Gagan Chhabra Diferenças e semelhanças entre o Day Trading Tradicional e o Day Trading de Criptomoedas English Iscte 2021 2022
Beatriz Ferreira Jacinto Access to credit by young adults: The Portuguese case Portuguese Iscte 2021 2022
João Filipe Gouveia Risk vs Return: A Comparative Analysis Between a Developed and an Emerging Stock Market English Iscte 2022 2022
Ricardo Daniel Moreira dos Santos Modelo de Previsão do Risco de Crédito das Sociedades Desportivas do Futebol Profissional Português English Iscte 2022 2022
Pedro Gonçalo Ferreira de Sá Do portuguese public limited liability companies manipulate financial information? Portuguese ISCAL 2019 2021
Beatriz Simões Marcolino Full valuation methods to measure market risk: forward looking vs backward looking perspectives compared Portuguese Iscte 2021 2021
Daniela Sofia dos Santos Alberto Patterns of skewness risk English Iscte 2021 2021
João Pedro Lira Gomes de Almeida Belo Market perspectives on new technologies: The case of Tesla English Iscte 2021 2021
Simon Müller Corporate Finance in the new ecosystem of the digital age - Influence of blockchain technology in forensic accounting English Iscte 2021 2021
Zhou Wenyi Fintech Vs. Traditional Financial Services: How Are Investors Reacting? English Iscte 2017 2021
Alexandre Miguel de António Serrano Volatility Risk Premium: New insights into the systematic edge in the market for option sellers. English Iscte 2021 2021
André Acácio Silva Monteiro China's Impact on the World Economy English Iscte 2019 2020
Bernardo Rui Vaz Silva Predicting and Distinguishing Bankruptcy: An Application of a Market And Hybrid Model to US Publicly Listed Firms from 2008 to 2018 English Iscte 2018 2020
Marta Sofia Balseiro Rodrigues Fundamental Review of the Trading Book - Impact Assessment on Banks Capital Requirements English Iscte 2020 2020
Miguel Oliveira dos Reis Barroso Reverse Stress Testing: Identifying weaknesses to prevent failures English Iscte 2019 2020
Tomás Eva Ferreira Castelo Lopes Credit granted in European Union countries before 2007/08 vs post 2007/08 Portuguese Iscte 2019 2020
Ana Isabel Rolo de Paiva Fundamental Basis of Firms Survival: Evidence of new companies created in Portugal Portuguese Iscte 2019 2020
Ana Catarina Pereira do Rosário Savings in Portugal. A policy of low interest rates and the incentive to savings. Portuguese Iscte 2019 2020
Ana Francisca Figueira Conceição Insurance Demand in Portugal, Greece and Italy Portuguese ISCAL -- 2019
Joana Sofia da Silva Ferreira The Expected Impact of the Payment Services Directive 2 in Portugal, at Three Levels: Consumers, Traditional Banking and Fintechs English Iscte 2018 2019
Miguel Ângelo Gonçalves Amado The Sovereign Credit Rating Effect on the Price of Banks across the Euro Area English Iscte 2019 2019
Tan Aiming Trading strategies in the Chinese stock market English Iscte 2017 2019
Raquel Gil Azenha Portuguese ISCAL -- 2018
Xuelin Wu "Medical + Internet" Concept Stock Investment Analysis English Iscte 2017 2018
Pedro Miguel dos Santos Silva Stress Tests on European Banks: Determinants of Banking Failure English Iscte 2018 2018
Rodrigo dos Santos Primor A Influência Macroeconómica no Risco de Crédito Portuguese Iscte 2017 2018
Maria Beatriz Canelas de Oliveira Determinantes da Recuperação do Crédito Vencido em Portugal: O caso das sociedades não financeiras Portuguese Iscte 2016 2017
Pedro Filipe da Costa Gancho Veríssimo The unfolding of South European banks risk: A cross-time comparison with Western European banks at the Banking Union level English Iscte 2011 2017
Peiyi Xu The Impact of the European Central Bank Monetary Policy on Government Bonds After the Financial Crisis of 2008 English Iscte 2016 2017
Inês Nunes Pedras The Impact of Credit Rating Agencies Downgrades on European Stock Markets During the Financial Crisis of 2008 English Iscte 2015 2016
Tânia Sofia Miranda Martins Marçal The impact of the Non-Performing Loans on Banks' Lending English Iscte 2015 2016
Ivo Miguel de Andrade Álvares Furtado Financing conditions and sustainability of SMEs in Portugal English Iscte 2014 2015
Hugo André Ferreira de Freitas The Impact of Bank Regulatory Capital on Liquidity Creation - A critical issue for euro area policy makers English Iscte 2012 2014
Hernâni Alexandre Morais de Oliveira A Reputação das Empresas e o Desempenho Bolsista Portuguese Iscte 2012 2014
Ricardo Jorge Santos Alves Information Value of Eu-Wide Stress Tests: How did the market react to stress test results? English Iscte 2012 2013
Marina Isabel Vicente Marques Idiossincrasias Sectoriais no Risco de Crédito Portuguese Iscte 2011 2012
Vítor Manuel Morais Pereira Selecção Adversa na Concessão de Crédito a Particulares em Portugal. Portuguese Iscte 2008 2009
M.Sc. Final Projects (22)
Ongoing (3)
Student Name Title/Topic Language Status Institution Initial Year
Afonso Martins Faria Ferreira Winning on and off the pitch : A tailored private equity fund for professional athletes English Delivered Iscte 2024
Domingos Dimitri Matias Pascoal Vicissitudes of Initial Public Offerings: Analysis of the ACREP, S.A. case Portuguese Delivered Iscte 2025
Ana Catarina Neves Coelho Assessment of the Value Creation Potential of Gestifix II's Expansion into the French Market Developing Iscte 2025
Concluded (19)
Student Name Title/Topic Language Institution Initial Year Concluding Year
João Miguel Belchior Delfino Equity Research: Sport Lisboa e Benfica - Futebol, SAD Portuguese ISCAL 2022 2024
Joana Costa Aleixo Innovative Business Plan: Artificial Intelligence in the Condominium Management Sector English Iscte 2024 2024
Maria Manuel Afonso Ribeiro The Potential of Unicorns: Feedzai S.A.'s case English Iscte 2023 2023
Mafalda Pereira Mendes Baptista da Costa Innovative business plan - WELL-BEING CONCEPT Portuguese Iscte 2021 2021
Cláudia Filipa Ferreira Clara Mota da Silva Parkaki - your parking place in Lisbon Portuguese Iscte 2021 2021
Yao Jiayu ANALYSIS OF THE FINTECH INDUSTRY: FROM LENDING CLUB English Iscte 2017 2019
Ana Catarina Silva José Portuguese ISCAL -- 2018
Catarina Isabel dos Santos Cuiça Portuguese ISCAL -- 2018
Ana Rita Teixeira Borges Sabino English ISCAL -- 2017
Sónia Isabel da Silva Miguel Portuguese ISCAL -- 2017
Rita Isabel André Baptista Pereira Portuguese ISCAL -- 2017
Inês Cristina Borreicho Prates Equity Valuation: The Navigator Company English Iscte 2016 2017
Nelson Guerreiro Martins Casquilho Implementação de um Balanced Scorecard na Turexpresso Portuguese Iscte 2015 2017
Telma Simões Rodrigues Portuguese ISCAL -- 2016
Sara de Vilarigues Baião Alves Portuguese ISCAL -- 2016
Jingwen Liu Potential Determinants of RMB Exchange Rate English Iscte 2015 2016
Ana Cristina Guerreiro Silva O Perfil de Risco das PME com Garantias Autónomas Portuguese Iscte 2012 2013
Telma Carina Santos Cabral Credit Spreads Determinants in Portugal. Na empirical analysis of the main drivers of spreads to non-financial organizations English Iscte 2012 2013
Margarida de Lagos Vian Correia de Almeida M&A: The case of Optimus and Zon English Iscte 2012 2013