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Pedro Saffi

Pedro Saffi

University Lecturer in Finance

BA (IBMEC Business School), MSc (Fundação Getulio Vargas (EPGE)), PhD (London Business School)

Research interests

Security lending markets; short selling; liquidity risk; and how differences of beliefs affect trading volume.

Subject group: Finance & Accounting

Professional experience

Dr Saffi's previous teaching experience includes courses for MBA, EMBA, MPhil and Executive Education students at Cambridge Judge Business School, IESE, London Business School, Reykjavik University (Iceland), Fundação Getulio Vargas (Brazil) and Nile University (Egypt). His consulting experience is centred on valuation, including work as an expert to international arbitration courts, and the analysis of pharmaceutical firms' value. He has presented his work in the most prestigious academic conferences and contributed with articles to popular press. Dr Saffi is a member of the Cambridge Corporate Governance Network (CCGN).

Previous appointments

From 2007 Dr Saffi was Assistant Professor of Finance at IESE Business School in Barcelona, Spain.

Awards & honours

  • Crowell Third Prize for the paper "Deleveraging risk" (with Scott Richardson and Kari Sigurdsson), Quantitative Research Group at PanAgora Asset Management, 2015
  • Best Paper Award for the paper "Deleveraging risk" (with Scott Richardson and Kari Sigurdsson), Financial Management Association International (FMA) Consortium for European Finance Faculty, 2014
  • Inquire Europe Award, 2013
  • Outstanding Teaching Award, Cambridge Judge Business School, 2012
  • Research Award, Q Group, 2012

Selected publications

Saffi, P.A.C. and Sigurdsson, K. (2011) "Price efficiency and short selling." Review of Financial Studies, 24(3): 821-852 (DOI: 10.1093/rfs/hhq124)

Aggarwal, R., Saffi, P.A.C. and Sturgess, J. (2015) "The role of institutional investors in voting: evidence from the securities lending market." Journal of Finance, 70(5): 2309-2346 (DOI: 10.1111/jofi.12284)

Visit Dr Pedro Saffi's website for a more comprehensive list of his publications

Risk paper honoured

Research paper on deleveraging risk co-authored by Pedro Saffi of Cambridge Judge wins third-place honours at Crowell Prize awards. A research paper …

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Shareholder activism

Paper co-authored at Cambridge Judge finds that institutional shareholders recall shares to oppose management in proxy votes. Institutional investors often recall loaned …

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Six reasons why … star performers are bad for the bottom line

Everyone – shareholders, board members, even colleagues – loves a star performer. But how many deliver on the top hire promise? CJBS …

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Six reasons why … good bankers will always turn bad

They want to be good, they promise to be good, but will they be good? Cambridge Judge Business School faculty Professor Raghavendra …

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Increase transparency around proxy voting

Continued research into the role of institutional investors supports the importance of corporate governance for those investors and reinforces the message that …

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Increase transparency around proxy voting

Continued research into the role of institutional investors supports the importance of corporate governance for those investors and reinforces the message that …

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Cambridge Judge Business School Academic has paper accepted by most important conference in Finance

Dr Pedro Saffi, University Lecturer in Finance at Cambridge Judge Business School has had his paper accepted at the 2013 American Finance …

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Recognising excellence

Cambridge Judge Business School announces Teaching Award winners and faculty promotions Cambridge Judge Business School is delighted to announce the winners of …

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Make proxy voting more transparent

Why the proxy-voting process is an important channel for corporate governance Fresh research into the role of institutional investors in voting indicates …

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O Globo: Experts point to ‘wrong choices’ by the Brazilian government

Pedro Saffi, University Lecturer in Finance at Cambridge Judge, spoke to major Brazilian newspaper O Globo about the downgrade of Brazil’s credit …

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Cambridge Business Magazine: Opposing management through proxy

Institutional investors often recall loaned shares prior to proxy votes when they want to express lack of support for management, according to …

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FTSE Global Markets: Institutional investors voting study chosen by American Finance Association

A study focusing on role of institutional investors in governance will be presented at the 2013 American Finance Association meeting … Pedro …

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The Financial: Cambridge Judge Business School academic has paper accepted by most important conference in finance

Dr Pedro Saffi, University Lecturer in Finance at Cambridge Judge Business School has had his paper accepted at the 2013 American Finance …

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Contact details

Pedro Saffi
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG
UK

Tel: +44 (0)1223 768491
Fax: +44 (0)1223 339701

p.saffi@jbs.cam.ac.uk

www.pedrosaffi.com

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