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Manuel Neves Adelino

Professor of Business Administration
Fuqua School of Business

Overview


Manuel Adelino is a Professor of Finance at the Fuqua School of Business at Duke University. He conducts research on household finance, corporate finance and real estate finance. His current work focuses on the effect of access to collateral on new business creation and on the effects of the supply of mortgage credit on house prices. He has received a Ph.D. in Financial Economics from MIT Sloan School of Management. Before MIT he worked in the Lisbon office of McKinsey as a Business Analyst.

Current Appointments & Affiliations


Professor of Business Administration · 2023 - Present Fuqua School of Business
Core Faculty in Innovation & Entrepreneurship · 2018 - Present Duke Innovation & Entrepreneurship, University Initiatives & Academic Support Units

In the News


Published November 1, 2023
Easy Lending Comes With Environmental Impact
Published March 29, 2019
What We All Got Wrong About Subprime Mortgages and the 2008 Recession
Published November 29, 2018
How Risk Perception Influences the Housing Market

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Recent Publications


Credit supply and house prices: Evidence from mortgage market segmentation

Journal Article Journal of Financial Economics · January 1, 2025 This paper develops a difference-in-differences estimator that uses annual changes in the conforming loan limit and the 80% loan-to-value (LTV) threshold to isolate the impact of easier access to credit on house prices. Houses that become eligible for fina ... Full text Cite

Trade Credit and the Transmission of Unconventional Monetary Policy

Conference Review of Financial Studies · January 1, 2023 We show that production networks are important for the transmission of unconventional monetary policy. Firms with bonds eligible for purchase under the European Central Bank’s Corporate Sector Purchase Program act as financial intermediaries by extending a ... Full text Cite

Hospital Financial Health and Clinical Choices: Evidence from the Financial Crisis

Journal Article Management Science · March 1, 2022 Financial constraints can cause firms to reduce product quality when quality is difficult to observe. We test this hypothesis in the context of medical choices at hospitals. Using heart attacks and child deliveries, we ask whether hospitals shift toward mo ... Full text Cite
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Recent Grants


IUCRC Planning Grant Duke University: Center for Innovation in Risk-analysis for Climate Adaptation and Decision-making (CIRCAD)

ResearchParticipating Faculty Member · Awarded by National Science Foundation · 2024 - 2025

2015 Kaufman Junior Faculty Fellowship

FellowshipPrincipal Investigator · Awarded by Ewing Marion Kauffman Foundation · 2015 - 2020

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Education, Training & Certifications


Massachusetts Institute of Technology · 2010 Ph.D.
Universidade Catolica Portuguesa (Portugal) · 2003 B.A.