Manuel Neves Adelino | Scholars@Duke

Manuel Neves Adelino
Associate Professor of Business Administration

Manuel Adelino is an Assistant 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

Associate Professor of Business Administration, Fuqua School of Business, Duke University 2018
Core Faculty in Innovation & Entrepreneurship, Duke Innovation & Entrepreneurship, Initiatives 2018

Contact Information

Background
Education, Training, & Certifications
- Ph.D., Massachusetts Institute of Technology 2010
- B.A., Universidade Catolica Portuguesa (Portugal) 2003
Previous Appointments & Affiliations
- Associate Professor of Business Administration, Fuqua School of Business, Duke University 2016 - 2018
- Assistant Professor of Business Administration, Fuqua School of Business, Duke University 2012 - 2016
Recognition
In the News
- MAR 29, 2019 Fuqua School of Business
  
  What We All Got Wrong About Subprime Mortgages and the 2008 Recession
- NOV 29, 2018 Fuqua School of Business
  
  How Risk Perception Influences the Housing Market
- MAY 23, 2016 The Washington Post
  
  Manuel Adelino comments: A very bad sign for all but America's biggest cities
- FEB 2, 2015 Washington Post
  
  Commentary: Challenging what we know about the housing bubble
- JAN 21, 2015 CBS News
  
  Low-income loans didn't cause the financial crisis
Expertise
Global Scholarship
- Expertise
  - United States of America (Country)
Research
Selected Grants
- 2015 Kaufman Junior Faculty Fellowship awarded by Ewing Marion Kauffman Foundation 2015 - 2020
Publications & Artistic Works
Selected Publications
- Academic Articles
  - Adelino, M., K. Lewellen, and W. B. McCartney. “Hospital Financial Health and Clinical Choices: Evidence from the Financial Crisis.” Management Science 68, no. 3 (March 1, 2022): 2098–2119. https://doi.org/10.1287/mnsc.2020.3944.
    Full Text
  - Adelino, M., K. Gerardi, and B. Hartman-Glaser. “Are lemons sold first? Dynamic signaling in the mortgage market.” Journal of Financial Economics 132, no. 1 (April 1, 2019): 1–25. https://doi.org/10.1016/j.jfineco.2018.09.005.
    Full Text
  - Adelino, M., A. Schoar, and F. Severino. “The role of housing and mortgage markets in the financial crisis.” Annual Review of Financial Economics 10 (November 1, 2018): 25–41. https://doi.org/10.1146/annurev-financial-110217-023036.
    Full Text
  - Adelino, M., A. Schoar, and F. Severino. “Dynamics of housing debt in the recent boom and great recession.” Nber Macroeconomics Annual 32, no. 1 (January 1, 2018): 265–311. https://doi.org/10.1086/696054.
    Full Text
  - Adelino, M., I. Cunha, and M. A. Ferreira. “The economic effects of public financing: Evidence from municipal bond ratings recalibration.” Review of Financial Studies 30, no. 9 (September 1, 2017): 3223–68. https://doi.org/10.1093/rfs/hhx049.
    Full Text
  - Adelino, M., W. Scott Frame, and K. Gerardi. “The effect of large investors on asset quality: Evidence from subprime mortgage securities.” Journal of Monetary Economics 87 (May 1, 2017): 34–51. https://doi.org/10.1016/j.jmoneco.2017.03.003.
    Full Text
  - Adelino, M., A. Schoar, and F. Severino. “Loan originations and defaults in the mortgage crisis: The role of the middle class.” Review of Financial Studies 29, no. 7 (July 1, 2016): 1635–70. https://doi.org/10.1093/rfs/hhw018.
    Full Text
  - Adelino, M., and M. A. Ferreira. “Bank ratings and lending supply: Evidence from sovereign downgrades.” Review of Financial Studies 29, no. 7 (July 1, 2016): 1709–46. https://doi.org/10.1093/rfs/hhw004.
    Full Text
  - Adelino, M., K. Lewellen, and A. Sundaram. “Investment Decisions of Nonprofit Firms: Evidence from Hospitals.” Journal of Finance 70, no. 4 (August 1, 2015): 1583–1628. https://doi.org/10.1111/jofi.12234.
    Full Text
  - Adelino, M., A. Schoar, and F. Severino. “House prices, collateral, and self-employment.” Journal of Financial Economics 117, no. 2 (January 1, 2015): 288–306. https://doi.org/10.1016/j.jfineco.2015.03.005.
    Full Text
  - Adelino, M., and I. S. Dinc. “Corporate distress and lobbying: Evidence from the stimulus act.” Journal of Financial Economics 114, no. 2 (November 1, 2014): 256–72. https://doi.org/10.1016/j.jfineco.2014.07.004.
    Full Text
  - Adelino, M., K. Gerardi, and P. Willen. “Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early Payment Defaults.” Journal of Real Estate Finance and Economics 49, no. 3 (October 1, 2014): 352–78. https://doi.org/10.1007/s11146-013-9433-0.
    Full Text
  - Adelino, M., K. Gerardi, and P. S. Willen. “Why don't Lenders renegotiate more home mortgages? Redefaults, self-cures and securitization.” Journal of Monetary Economics 60, no. 7 (October 1, 2013): 835–53. https://doi.org/10.1016/j.jmoneco.2013.08.002.
    Full Text
- Scholarly Editions
  - Adelino, M., S. Ma, and D. Robinson. “Firm Age, Investment Opportunities, and Job Creation,” June 1, 2017. https://doi.org/10.1111/jofi.12495.
    Full Text
Teaching & Mentoring
Recent Courses

Some information on this profile has been compiled automatically from Duke databases and external sources. (Our About page explains how this works.) If you see a problem with the information, please write to Scholars@Duke and let us know. We will reply promptly.

Education, Training, & Certifications

Previous Appointments & Affiliations

In the News

Global Scholarship

Expertise

Selected Grants

Selected Publications

Academic Articles

Scholarly Editions

Recent Courses