Murillo Campello

Positions

Faculty Research Fellow, National Bureau of Economic Research, 2006 - present
James F. Towey Faculty Fellow, University of Illinois, 2007 - present
Professor of Finance, University of Illinois, 2008 - present
Visiting Professor, University of Amsterdam, 2009
Alan J. and Joyce D. Baltz Professorship, University of Illinois at Urbana-Champaign, 2009
Associate Professor of Finance, University of Illinois, 2006 - 2008
Assistant Professor of Finance, University of Illinois, 2002 - 2006
Assistant Professor of Finance, Michigan State University, 2001 - 2002
Assistant Professor of Finance, Arizona State University, 2000 - 2001

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

Honors and Awards

Bamerindus Bank Award for best Master's level thesis in Financial Intermediation, Brazilian National Association of Graduate Programs in Business Administration , 1996

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

Brattle Prize nomination for: "The Cash Flow Sensitivity of Cash", Journal of Finance , 2004

Incomplete List of Teachers Rated Excellent, University of Illinois , 2005-2007

Conrad W. and Shirley A. Hewitt Banking Fellowship, University of Illinois , 1998-2000

Appointment as a Faculty Research Fellow, NBER , 2006

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

Nominated for Business College Teaching Award, University of Illinois , 2007-2008

List of Teachers Ranked Excellent by Students, University of Illinois , 2005-2008

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