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Chauffaille Saffi, Pedro Alberto
PhD: London Business School
Office A5-7
Biography
Professor Saffi has a Ph.D. in Finance from London Business School and is a Full Professor of Financial Economics in the Department of Finance and Accounting at CUNEF Universidad. His research focuses on security lending markets, short selling, and limits to arbitrage. He has published his research in the Journal of Finance, the Review of Financial Studies, Management Science, and the JFQA, among other top journals. His work has been recognised with several awards, including a Q Group research award in 2012, two Inquire Europe awards-one in 2013 and another in 2018-, and the NAC & Blackrock Global Challenge prize and the Crowell Prize, sponsored by PanAgora Asset Management, in 2015.
His previous teaching experience includes MBA, EMBA, MPhil and Executive Education courses at Cambridge Judge Business School, LSE, IESE, LBS, Reykjavik University (Iceland), Fundação Getulio Vargas (Brazil), SKKU (South Korea), Nile University (Egypt), GEC Academy (China) and Myra Business School (India). In 2012 and 2015, Cambridge Judge Business School awarded him an Excellence in Teaching Award.
Education
PhD in Finance, London Business School, 2007
MSc in Economics, Fundação Getulio Vargas - EPGE (Brazil), 2002
BA in Economics, IBMEC Business School (Brazil), 1999
Research Interests
Security lending markets, short selling, and limits to arbitrage.
Most relevant publications
Campello, M., Matta, R., & Saffi, P. (2024). Price informativeness and corporate investment: A model of costly manipulation and share repurchases. Management Science, Forthcoming.
Reed, A., Saffi, P., & Van Wesep, E. (2021). Short sales constraints and the diversification puzzle. Management Science, 67, 661-1328, iii-iv.
Porras Prado, M., Saffi, P., & Sturgess, J. (2016). Ownership structure, limits to arbitrage and stock returns: Evidence from equity lending markets. Review of Financial Studies, 29, 3211-3244.
Aggarwal, R., Saffi, P., & Sturgess, J. (2015). The role of institutional investors in voting: Evidence from changes in lendable shares around corporate votes. Journal of Finance, 70, 2309-2346.
Saffi, P., & Sigurdsson, K. (2011). Price efficiency and short-selling. Review of Financial Studies, 24, 821-852.