Accounting, finance and sustainability in the 21st century

Summary

The aim of this project is to develop a set of studies addressing contemporary challenges and transformations in Accounting, Finance, and Management, with particular emphasis on regulatory developments, digital transformation, strategic management, sustainability, and organizational practices.

Specifically, the project intends to:

Analyse the implications of regulatory, technological, and institutional changes for organizations, accounting and financial practices, and markets.
Examine the adoption of new accounting, auditing, and digital practices and their implications for professionals, organizations, and decision-making processes.
Study strategic management practices and organizational approaches, including Lean Management and other innovative management methods, across different sectors.
Investigate organizations’ sustainability concerns and practices, including their economic, environmental, and social dimensions, and their implications for organizational performance and decision-making.
Explore the interactions between digital transformation, strategic management, sustainability, and organizational performance in different institutional and sectoral contexts.

Sustainable Development Goals

4. Quality Education

8. Decent Work and Economic Growth

9. Industry, Innovation and Infrastructure

12. Responsible Production and Consumption

Responsible researcher

Isabel Maldonado

Other Researchers

Fernando Tavares

Susana Aldeia

Luís Pacheco

António Carvalho

Margarita Carvalho

Maria do Rosário Correia

PhD Students

Nataniela Silva

Governança Corporativa e Risco Fiscal Empresarial: A Responsabilidade Tributária Subsidiária como Indicador de Fragilidade Organizacional

Pedro Castanheira

Emerging technologies in accounting: their impact on professional practices and education and the role of robotic process automation (completed in January 2026)

Sofia Nair Barbosa

Lean aplicado ao setor da saúde - estudo de caso: Instituições particulares de solidariedade social

Sofia Raquel Castro

Dividendos, Governance e ESG: Evidência Europeia

Publications

Alcarva, P., Pinto, J., Pacheco, L. M., Madaleno, M., & Barros, T. (2026). Green Bonds and Green Banking Loans: A Systematic Literature Review. Sustainability, 18(2), 898, 1-27.
https://doi.org/10.3390/su18020898
https://hdl.handle.net/11328/6892

Lobão, J., Pacheco, L. M., & Cruz, N. (2026). On the Evolution of the Stock Market Efficiency: Evidence From Emerging Markets. International Studies of Economics (published online: 14 April 2026), 1-13.
https://doi.org/10.1002/ise3.70034
https://hdl.handle.net/11328/7063

Carvalho, A. C., Pacheco, L., Lobão, J. (2026). Short-term predictability of Islamic stocks following price shocks: evidence from four emerging markets. International Journal of Islamic and Middle Eastern Finance and Management (published online: 23 March 2026), 1-22.
https://doi.org/10.1108/IMEFM-07-2025-0545
https://hdl.handle.net/11328/7034

Carvalho, M., Azevedo, M., & Pacheco, L. M. (2026). Students and employers perceptions differential on soft skills: An analysis for university students. Industry and Higher Education (published online: 04 February 2026), 1-14.
https://doi.org/10.1177/09504222261423286
https://hdl.handle.net/11328/6943

Reis, A., Correia, M. R., & Pacheco, L. M. (2026). Gender Diversity and Firm Performance: The Case of Portuguese Medium Firms. Studies in Business and Economics, 21(1), 253-279.
https://doi.org/10.2478/sbe-2026-0012
https://hdl.handle.net/11328/7204

Cruz, F. S., & Tavares, F. O. (2026). Management of Strategic Alliances in Portuguese Service-Based SMEs: Exploring the Role of Dynamic Capabilities in Developing Innovation Capabilities. Administrative Sciences, 16(3), 152.
https://doi.org/10.3390/admsci16030152
https://hdl.handle.net/11328/7022

Tavares, F. O., Pacheco, L., Carvalho, M., & Pereira, E. T. (2026). Evolution of the Real Estate Market in Portugal in the 21st Century: An Analysis of the First Twenty-Five Years. Economies, 14(3), 71, 1-20.
https://doi.org/10.3390/economies14030071
https://hdl.handle.net/11328/6971

Aldeia, S. (2025). The Factoring Contract and Its Modalities. Revista Jurídica Portucalense, 1(38), 1-20.
https://doi.org/10.34625/issn.2183-2705(38)2025.v-2
https://hdl.handle.net/11328/7004

Barbosa, C., Sardo, F., & Pacheco, L. M. (2025). Zero-leverage determinants: A study for Portuguese SMEs. Quantitative Finance and Economics, 9(4), 887-911.
https://doi.org/10.3934/QFE.2025031
https://hdl.handle.net/11328/6815

Białek-Jaworska, A., Kopańska, A. K., Aldeia, S., & Potępa, M. (2025). Debt incentivised income smoothing in Polish municipally-owned companies. Journal of Accounting in Emerging Economies (published online: 11 June 2025).
https://doi.org/10.1108/JAEE-11-2023-0361
https://hdl.handle.net/11328/6393

Náñez Alonso, S. L., Ozili, P. K., Sastre Hernández, B. M., & Pacheco, L. M. (2025). Evaluating the acceptance of CBDCs: Experimental research with artificial intelligence (AI) generated synthetic response. Quantitative Finance and Economics, 9(1), 242-273.
https://doi.org/10.3934/QFE.2025008
https://hdl.handle.net/11328/6235

Nogueira, M. C., Almeida, L., & Tavares, F. O. (2025). Financial literacy, financial knowledge, and financial behaviors in OECD countries. Journal of Risk and Financial Management, 18(3), 167, 1-15.
https://doi.org/10.3390/jrfm18030167
https://hdl.handle.net/11328/6231

Pacheco, L. M. (2025). Intangible assets and SME performance: Does industry matter? International Journal of Globalisation and Small Business (IJGSB), 15(4), 385-406.
https://doi.org/10.1504/ijgsb.2025.10076579
https://hdl.handle.net/11328/7016

Pinheira, T., Lobão, J., & Pacheco, L. (2025). Effects of Price Clustering on African Stock Markets. Scientific Annals of Economics and Business, 72(3), 577-594.
https://doi.org/10.47743/saeb-2025-0034
https://hdl.handle.net/11328/6663

Santos, E., Tavares, F. O., & Maurício, C. (2025). What do children with above-average abilities understand about financial literacy? Journal of Risk and Financial Management, 18(5), 254, 1-18.
https://doi.org/10.3390/jrfm18050254
https://hdl.handle.net/11328/6298

Gonçalves, H., Pacheco, L., & Tavares, F. O. (2025). Government Policies for Promoting Financial and Fiscal Literacy: Evidence from a Questionnaire-Based Study. Journal of Risk and Financial Management, 18(11), 649, 1-24.
https://doi.org/10.3390/jrfm18110649
https://hdl.handle.net/11328/6781

Tavares, F. O., & Almeida, L. (2025). Reframing Financial Literacy for the Twenty-First Century: Foundations, Digital Transformations, and Pathways to Sustainable Empowerment. Journal of Risk and Financial Management, 18(11), 656, 1-7.
https://doi.org/10.3390/jrfm18110656
https://hdl.handle.net/11328/6797

Aldeia, S. (versão aceite: novembro 2024). Debra Directive: A Critical analysis. Journal of Tax Administration, 1-24.
https://hdl.handle.net/11328/6534

Almeida, L., Chanoca, J., & Tavares, F. O. (2024). Financial literacy: A case study for Portugal. Journal of Risk and Financial Management, 17(5), 215, 1-18.
https://doi.org/10.3390/jrfm17050215
https://hdl.handle.net/11328/5655

Carvalho, A., Pacheco, L. M., Sardo, F., & Serrasqueiro, Z. (2024). Does managerial overconfidence affect capital structure rebalancing for entrepreneurial firms? Journal of Small Business and Enterprise Development (published online: 10 January 2024), 1-22.
https://doi.org/10.1108/JSBED-07-2023-0319
https://hdl.handle.net/11328/5336

Hernández Sánchez, A., Aldeia, S., & Náñez Alonso, S. L. (2024). Medición del grado de conocimiento sobre las obligaciones de tributación en operaciones con criptomonedas en el IRPF y en el IP: Una evidencia y una preocupación. Revista Jurídica de Castilla y León, (61), 137-167.
https://hdl.handle.net/11328/5479

Lobão, J., Pacheco, L. M., & Carvalho, D. (2024). Exploring the Nordic numbers: An analysis of price clustering in Scandinavian stocks. Review of Behavioral Finance (published online: 19 July 2024), 1-17.
https://doi.org/10.1108/RBF-01-2024-0007
https://hdl.handle.net/11328/5801

Lobão, J., Pacheco, L. M., & Naia, M. B. (2024). Navigating the herd: The dynamics of investor behavior in the Brazilian stock market. Quantitative Finance and Economics, 8(3), 635-657.
https://doi.org/10.3934/QFE.2024024
https://hdl.handle.net/11328/5953

Tavares, F. O., Santos, E., Oliveira, M. F., & Almeida, L. (2024). Determinants of corporate indebtedness in Portugal: An analysis of financial behaviour clusters. Risks, 12(6), 91, 1-20.
https://doi.org/10.3390/risks12060091
https://hdl.handle.net/11328/5654

Lote, E., & Tavares, F. O. (2024). Determinants of agricultural land valuation in the province of Huambo, Angola: A quantitative analysis. Urban Science, 8(4), 162, 1-16.
https://doi.org/10.3390/urbansci8040162
https://hdl.handle.net/11328/5952