Murillo Campello
Professor of Finance and Alan J. and Joyce D. Baltz Professor
Education
Ph.D.
Finance,
University of Illinois,
2000.
M.S.
Finance,
University of Illinois,
1995.
M.S.
Business Administration,
Pontifical Catholic University,
1994.
B.S.
Economics,
Federal University of Rio de Janeiro,
1991.
Research Interests
Research interests include Corporate Finance, Financial Intermediation, Monetary Policy, Financial Markets, and Contract Theory
Research
Journal Articles
"Corporate Financial and Investment Policies when Future Financing is not Frictionless"
H. Almeida,
M. Campello,
M. Weisbach,
Journal of Corporate Finance,
2009.
SSRN Abstract
"Financing Frictions and the Substitution Effect Between Internal and External Funds"
H. Almeida,
M. Campello,
Journal of Financial and Quantitative Analysis,
2008.
SSRN Abstract
"Expected Returns, Yield Speads, and Asset Pricing Tests"
M. Campello,
L. Chen,
L. Zhang,
Review of Financial Studies,
(21)
1297-1338
2007.
"Firm Balance Sheets and Monetary Policy Transmission"
A. Ashcraft,
M. Campello,
Journal of Monetary Economics,
(54)
1515-1528
2007.
"Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies"
V. Avharya,
H. Almeida,
M. Campello,
Journal of Financial Intermediation,
(16)
515-554
2007.
"The Dynamics of Earnings Forecast Management"
D. Bernhardt,
M. Campello,
Review of Finance,
(11)
287-324
2007.
"Financial Constraints, Asset Tangibility and Corporate Investment"
H. Almeida,
M. Campello,
Review of Financial Studies,
(20)
1429-1460
2007.
SSRN Abstract
"Debt Financing: Does it Boost or Hurt Performance in Product Markets?"
M. Campello,
Journal of Financial Economics,
(83)
135-172
2006.
"Who Herds?"
D. Bernhardt,
M. Campello,
E. Kutsoati,
Journal of Financial Economics,
(80)
657-675
2006.
"The Financial Accelerator: Evidence From International Housing Markets"
H. Almeida,
M. Campello,
C. Liu,
Review of Finance,
(10)
321-352
2006.
"The Financial Accelerator: Evidence from International Housing Markets"
H. Almeida,
M. Campello,
C. Liu,
Review of Finance,
(10)
1-32
2006.
SSRN Abstract
"The Cash Flow Sensitivity of Cash"
H. Almeida,
M. Campello,
M. Weisbach,
Journal of Finance,
(59)
1777-1804
2004.
SSRN Abstract
"Capital Structure and Product Markets Interactions: Evidence from Business Cycles"
M. Campello,
Journal of Financial Economics,
(68)
353-378
2003.
"Internal Capital Markets in Financial Conglomerates: Evidence from Small Bank Responses to Monetary Policy"
M. Campello,
Journal of Finance,
(57)
2773-2805
2002.
Conference Proceedings
"Borrowers' Financial Constraints and the Transmission of Monetary Policy: Evidence from Financial Conglomerates"
M. Campello,
A. Ashcraft,
May,
2002.
Working Papers
"Liquidity Mergers"
H. Almeida,
M. Campello,
D. Hackbarth,
2009.
SSRN Abstract
"Are Financial Constraints Priced? Evidence from the Firm Fundamentals and Equity Returns"
M. Campello,
L. Chen,
2009.
"The Real Effects of Financial Constraints: Evidence from a Financial Crisis"
M. Campello,
J. Graham,
C. Harvey,
2009.
"Corporate Financial and Investment Policies when Future Financing is not Frictionless"
H. Almeida,
M. Campello,
M. Weisbach,
2009.
"Financing Frictions and the Substitution Between Internal and External Funds"
H. Almeida,
M. Campello,
2009.
"Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble"
M. Campello,
J. Graham,
2008.
"Corporate Financing and Investment: The Firm-Level Credit Multiplier"
D. Hackbarth,
M. Campello,
2008.
SSRN Abstract
"Are Financial Constraints Priced? Evidence from Firm Fundamentals, Stocks, and Bonds"
M. Campello,
L. Chen,
2007.
"Asset Tangibility and Corporate Performance under External Financing"
M. Campello,
2007.
"Product Market Performance, Switching Costs, and Liquidation Values: The Real Effects of Financial Leverage"
M. Campello,
Z. Fluck,
2007.
"Financing Frictions and the Substitution Effect Between Internal and External Funds"
M. Campello,
H. Almeida,
2007.
"Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis"
M. Campello,
H. Almeida,
B. Laranjeira,
S. Weisbenner,
2007.
"Financial Constraints and Investment-Cash Flow Sensitivities: New Research Directions"
M. Campello,
H. Almeida,
2003.
"Financial Constraints and Investment-Cash Flow Sensitivities: New Research Directions"
H. Almeida,
M. Campello,
2002.
SSRN Abstract
Honors and Awards
Nominated for Business College Teaching Award
, University of Illinois
, 2007-2008
List of Teachers Ranked Excellent by Students
, University of Illinois
, 2005-2008
Incomplete List of Teachers Rated Excellent
, University of Illinois
, 2005-2007
Goldman Sachs Best Paper Prize for: "The Financial Accelerator: Evidence From International Housing Markets"
, Review of Finance
, 2007
Runner-up for Stuart Greenbaum Best Paper Prize for: "Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies"
, Journal of Financial Intermediation
, 2007
James F. Towey Fellowship
, University of Illinois at Urbana-Champaign
, 2007
Nominated for Campus Instructional Award
, University of Illinois
, 2007
Appointment as a Faculty Research Fellow
, NBER
, 2006
Brattle Prize nomination for: "The Cash Flow Sensitivity of Cash"
, Journal of Finance
, 2004
Brattle Prize nomination for: "Internal Capital Markets in Financial Conglomerates: Evidence from Small Bank Responses to Monetary Policy"
, Journal of Finance
, 2003
Beta Gamma Sigma
, University of Illinois
, 2000
Conrad W. and Shirley A. Hewitt Banking Fellowship
, University of Illinois
, 1998-2000
Bamerindus Bank Award for best Master's level thesis in Financial Intermediation
, Brazilian National Association of Graduate Programs in Business Administration
, 1996