Rafael Felipe Schiozer
Rafael Schiozer is a Full Professor of Finance at FGV-EAESP and a CNPq research fellow. His research focuses on financial stability, banking, risks and financial crises and has been published in journals such as the Review of Finance, Journal of Financial Intermediation, Journal of Corporate Finance, Journal of Financial Stability and Journal of Banking and Finance. He teaches in graduate and undergraduate programs and supervises MSc and PhD students. He holds a BA in Business from the University of São Paulo (1999), a MSc in Petroleum Engineering from the State University of Campinas (2002) and a PhD in Business (Finance) from Fundação Getulio Vargas (2006). Rafael was a visiting scholar at the Wharton School of Business – University of Pennsylvania (2013/2014) and the University of Illinois at Urbana-Champaign (2009). He held visiting professor positions at Copenhagen Business School in 2016/17, Universidad de Los Andes (2022) and the University of Bologna (2023). He has refereed for journals such as the Journal of Financial Intermediation, Review of Finance, Journal of Corporate Finance, Management Science, Journal of Financial Stability, among others.
Selected publications:
- The Information Content of Lending Relationships across the Supply Chain (with Theo Martins and Fernando Linardi), Journal of Financial Intermediation, 2023.
- Trade Credit and Product Market Power during a Financial Crisis (with Adalto Gonçalves and Hsia Sheng), Journal of Corporate Finance, 2018.
- Asymmetric Transmission of a Bank Liquidity Shock (with Raquel Oliveira), Journal of Financial Stability, 2016.
- Depositors' Perception of 'Too-Big-to-Fail' (with Raquel Oliveira and Lucas Barros), Review of Finance, 2015.
- Bank Dividends and Signaling to Information-Sensitive Depositors (with Cristiano Forti), Journal of Banking and Finance, 2015.
Articles:
Eça, J.P.A., Albanez, T., Schiozer, R.F., Valle, M. R. The Determinants of Debt Renegotiation: evidence from Brazil. Quarterly Review of Economics and Finance, v. 95, p. 244-255, 2024.
MENEZES, A. P. ; VASCONCELLOS, L. N. C. ; SCHIOZER, R. F. Collateral and the Democratization of Rural Credit in Brazil: access, loan terms, and default. RAE - Revista de Administração de Empresas, v. 63, p. 1-21, 2023.
MARTINS, T. C. ; SCHIOZER, R.; LINARDI, F. M. The Information Content from Lending Relationships Across the Supply Chain. Journal of Financial Intermediation, v. 56, p. 101057, 2023.
ALBANEZ, T. ; SCHIOZER, R. F. Ownership Concentration and the Presence of Covenants in Debt Contracts of Brazilian Firms. BBR. Brazilian Business Review (English Ed.), v. 19, p. 372-395, 2022.
SANTOS, E. S. ; SCHIOZER, R. F.; PONTE, V. M. R. Disclosure of Related Party Transactions Under IFRS: does cross-listing reduce the legal origin disclosure gap? The International Journal of Accounting, v. 57, p. 1-45, 2022.
ALBANEZ, T. ; SCHIOZER, R. F. The Signaling Role of Covenants and the Speed of Capital Structure Adjustment under Poor Creditor Rights: evidence from domestically and cross-listed firms in Brazil. Journal of Multinational Financial Management, v. 63, p. 100704, 2022.
SCHIOZER, R. F.; MOURAD, F. A. ; MARTINS, T. C. A Tutorial on the Use of Differences-in-differences in Management, Finance and Accounting. RAC. Revista de Administração Contemporânea (online), v. 25, p. 1-19, 2021.
Bonelli, M. F. ; VASCONCELLOS, L. N. C. ; SCHIOZER, R. F. Redução de Risco no Crédito com Duplicatas. Revista Brasileira de Finanças (impresso), v. 19, p. 27-59, 2021.
SAMPAIO, J. ; GALLUCCI NETO, H. ; SILVA, V. A. B. ; SCHIOZER, R. F. Adoção Obrigatória de IFRS, Governança Corporativa e Valor da Firma. RAE- Revista de Administração de Empresas, v. 60, p. 284-298, 2020.
SCHIOZER, RAFAEL; YOSHIDA JR., VALTER . Achatando a Curva da Inadimplência. GV Executivo, v. 19, p. 20, 2020.
SCHIOZER, R. F.. Risco Ambiental no Setor Financeiro: do discurso à prática. GV Executivo, v. 19, p. 53, 2020.
GONCALVES, A. B.; SCHIOZER, R. F.; Sheng, Hsia Hua. Trade Credit and Product Market Power During a Financial Crisis. Journal of Corporate Finance, p. 308-323, 2018.
SCHIOZER, R. F.; MOURAD, F. A.; VILARINS, R. S. Bank Risk, Bank Bailouts and Sovereign Capacity During a Financial Crisis: A Cross-country Analysis. Journal of Credit Risk, v. 14, p. 1-28, 2018.
BARROSO, JOÃO BARATA R.B.; SCHIOZER, RAFAEL; VILMUNEN, JOUKO. Risk, Financial Stability and Banking. Journal of Financial Stability, v. 38, p. 71, 2018.
SCHIOZER, R. F.; VILAR, O. Crédito com Garantia. GV Executivo, v. 16, p. 26-29, 2017.
GOES, K. C.; Sheng, Hsia Hua; SCHIOZER, R. F. Contingentes Conversíveis e seus Impactos na Otimização da Estrutura de Capital de Bancos Brasileiros sob Basiléia III. Revista de Contabilidade e Finanças, v. 20, p. 1-18, 2016.
SCHIOZER, R. F.; Oliveira, Raquel de Freitas. Asymmetric Transmission of a Bank Liquidity Shock. Journal of Financial Stability , v. 25, p. 234-246, 2016.
Carvalho, Claudinê C.; SCHIOZER, R. F. Determinants of Supply and Demand for Trade Credit by Micro, Small and Medium-Sized Enterprises. Revista Contabilidade & Finanças (Online), v. 26, p. 208-222, 2015.
FORTI, C.; SCHIOZER, R. F. Bank Dividends and Signaling to Information-Sensitive Depositors. Journal of Banking & Finance (Print). v. 56, p. 1-11, 2015.
OLIVEIRA, R. D. F.; SCHIOZER, R. F.; BARROS, L. A. B. D. C. Depositors' Perception of 'Too-Big-to-Fail'. Review of Finance. v. 19, p. 191-227, 2015.
YOSHIDA JR, V. T.; SCHIOZER, R. F. Capital Bancário e Crédito no Brasil. RAC. Revista de Administração Contemporânea (Impresso). v. 19, p. 53-76, 2015.
SCHIOZER, R. F.; Garantias Governamentais e Competitividade no Setor Financeiro. RAE (Impresso) , v. 55, p. 467-473, 2015.
RIBEIRO, Fernanda. V. F.; SCHIOZER, R. F. Cessão de Crédito e Restrição de Capital: Um Estudo com Bancos Brasileiros. RAE (Impresso), v. 54, p. 521-536, 2014.
Oliveira, Raquel de Freitas; SCHIOZER, R. F.; LEAO, S. Atuação de Bancos Estrangeiros no Brasil: Mercados de Crédito e Derivativos de 2005 a 2011. RAM. Revista de Administração Mackenzie (Impresso), v. 15, p. 162-198, 2014.
LOPES, J. L. G.; SCHIOZER, R. F.; SHENG, H. H. Hedge e Especulação com Derivativos Cambiais: Evidências de Operações Cotidianas. RAC. Revista de Administração Contemporânea (Impresso), v. 17, p. 438-458, 2013.
SCHIOZER, R. F.; TEJERINA, Diego. P. Exposição a Risco e Captação em Fundos de Investimento: Os Cotistas Monitoram a Alocação de Ativos? Revista Brasileira de Finanças (Impresso), v. 11, p. 527-558, 2013.
CARVALHO, C. C.; SCHIOZER, R. F. Gestão de Capital de Giro: Um Estudo Comparativo entre Práticas de Empresas Brasileiras e Britânicas. RAC. Revista de Administração Contemporânea (Impresso), v. 16, p. 518-543, 2012.
SCHIOZER, R. F.; SAITO, C. C.; SAITO, R. Financial Health and Customer Satisfaction in Private Health Care Providers in Brazil. Cadernos de Saúde Pública (ENSP. Impresso), v. 27, p. 2175-2187, 2011.
SCHIOZER, R. F.; BRANDO, J. A. P. A Oferta do Trade Credit em Empresas Brasileiras de Capital Aberto. Revista Brasileira de Finanças, v. 9, p. 31-43, 2011.
SCHIOZER, R. F.; SCHIOZER, D. J.; COSTA LIMA, GABRIEL A.; FURTADO, R.; FURTADO, A. T. Obituary: Saul Suslick. International Journal of Oil Gas and Coal Technology, v. 3, p. 1-6, 2010.
SCHIOZER, R. F.; OLIVEIRA, R. F.; SAITO, R. Why do Banks go Public? Evidence from the Wave of Brazilian Bank IPOs. Banks and Bank Systems, v. 2, p. 78-91, 2010.
SCHIOZER, R. F.; SAITO, R. Determinants of Currency Risk Management in Latin American non Financial Firms. Emerging Markets Finance and Trade, v. 45, p. 49-71, 2009.
OLIVEIRA, R. F.; SCHIOZER, R. F. A Recente Onda de Abertura de Capital de Bancos Brasileiros. Relatório de Estabilidade Financeira do banco Central do Brasil, v. 1, p. 161-181, 2009.
SAITO, R.; SCHIOZER, R. F. Por que o Hedging Parcial é Ótimo? RAE. Revista de Administração de Empresas, v. 48, p. 70-80, 2008.
COSTA LIMA, G. A.; SUSLICK, S. B.; SCHIOZER, R. F.; REPSOLD, H.; NEPOMUCENO, F. How to Select the Best Portfolio of Oil and Gas Projects. Journal of Canadian Petroleum Technology, v. 47, p. 27-32, 2008.
SCHIOZER, R. F.; COSTA LIMA, GABRIEL A.; SUSLICK, S. B. The Pitfalls of Capital Budgeting when Costs Correlate to Oil Price. Journal of Canadian Petroleum Technology, v. 47, p. 57-61, 2008.
SAITO, R.; SCHIOZER, R. F. Uso Derivativos em Empresas Não-financeiras Listadas em Bolsa no Brasil. RAUSP. Revista de Administração, v. 42, p. 97-107, 2007.
Book Chapters:
SCHIOZER, R. F. A Rede de Segurança Bancária no Brasil. In: Alessandra Von Borowski Dodl. (Org.). Sistema Financeiro Nacional: O que Fazer? 1ed.Rio de Janeiro: Elsevier, 2017, v., p. 229-237.
SCHIOZER, R. F.; TERRA, P. R. S. Regulation, Ownership and Corporate Governance in Brazilian Banks. In: Mallin, Christine. (Org.). Handbook on Corporate Governance in Financial Institutions. 1ed.Northampton, MA, EUA: Edward Elgar Publishing, 2016, v. 1, p. 122-141.
SCHIOZER, R. F.; SILVA, C. A. D. Regulação Bancária. In: Clovis de Faro. (Org.). Administração Bancária: Uma Visão Aplicada. 1ed.Rio de Janeiro: FGV, 2014, v., p. 105-142.
Research reports:
Research syntheses:
Bancos que Captam no Mercado Pagam mais Dividendos em Épocas de Crise - 2015
O Comportamento Especulativo dos Gestores Financeiros - 2013
