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João Pinto

Universidade Católica Portuguesa, Católica Porto Business School and CEGE

Professor of Finance

Rua Diogo de Botelho, 1327

Porto, 4169-005

Portugal

http://www.porto.ucp.pt/

  • Universidade Católica Portuguesa, Católica Porto Business School and CEGE

    • Email
    • Tel: +351 22 619 62 00
SCHOLARLY PAPERS

32

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5,611

TOTAL CITATIONS
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in Total Papers Citations

46

Ideas:
“  I'm currently work on the firm's choice of project financing over corporate financing; the banks' choice between bonds, securitization and covered bonds; the pricing of syndicated loans; and sustainable finance.  ”

  • Universidade Católica Portuguesa, Católica Porto Business School and CEGE

    • Email
    • Tel: +351 22 619 62 00

Scholarly Papers (32)

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1.

The Choice between Project Financing and Corporate Financing: Evidence from the Corporate Syndicated Loan Market

Number of pages: 50 Posted: 30 Nov 2016 Last Revised: 08 Apr 2020
Paulo Alves and João Pinto
Universidade Católica Portuguesa, Católica Porto Business School and Universidade Católica Portuguesa, Católica Porto Business School and CEGE
Downloads 743 (84,877)
Citation 2

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project finance, syndicated loans, loan pricing, debt financing choice

2.

The Economics of LBOs: Evidence from the Syndicated Loan Market

European Review of Business Economics • Vol. I, No. 2 • December 2021
Number of pages: 26 Posted: 14 Dec 2021 Last Revised: 31 Aug 2023
João Pinto
Universidade Católica Portuguesa, Católica Porto Business School and CEGE
Downloads 511 (136,949)

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Leveraged acquisitions, LBOs, structured finance, syndicated loans

3.

The Pricing of Sustainable Syndicated Loans

FEB-RN Research Paper No. 24/2024
Number of pages: 53 Posted: 02 Oct 2023
Paulo Alves, Jorge Gonçalo and João Pinto
Universidade Católica Portuguesa, Católica Porto Business School, Golden Wealth Management and Universidade Católica Portuguesa, Católica Porto Business School and CEGE
Downloads 425 (170,764)

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ESG, syndicated loans, credit spreads, loan pricing, cost of borrowing

4.

Asset-Based Structured Finance of Infrastructure Projects

Forthcoming: Research Handbook on Transport Infrastructure Projects; Editors: Cruz, C.O., Sarmento, J.M.; Publisher: Edward Elgar Publishing; Release date: 2023.
Number of pages: 55 Posted: 07 Oct 2023 Last Revised: 25 Dec 2025
João Pinto and Mário Coutinho dos Santos
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP)
Downloads 405 (180,542)

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Infrastructure financing, financial innovation, structured finance, asset securitization, project finance, public-private partnership, structured leases

5.

A Comparative Analysis of Ex Ante Credit Spreads: Structured Finance versus Straight Debt Finance

Journal of Corporate Finance, Volume 62, June 2020, 101580
Number of pages: 59 Posted: 30 Nov 2013 Last Revised: 15 Jun 2022
Manuel O. Marques and João Pinto
Universidade do Porto - Faculdade de Economia (FEP) and Universidade Católica Portuguesa, Católica Porto Business School and CEGE
Downloads 380 (194,740)
Citation 19

Abstract:

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Debt pricing; structured finance; corporate bonds; mispricing; cost of funding

6.

Debt Financing Choices: Theory and Evidence from Europe

Number of pages: 50 Posted: 17 Mar 2014 Last Revised: 10 Mar 2017
João Pinto and Mário Coutinho dos Santos
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP)
Downloads 333 (225,014)

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Debt financing choice, security design, loan and bond pricing, structured finance, project finance, asset securitization, corporate bonds, financial crisis

7.

The Impact of Green Bond Issuance on Public European Firms

Number of pages: 44 Posted: 30 Mar 2024
João Pinto, Rui Coelho, Luís Pacheco and Mara Madaleno
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, affiliation not provided to SSRN, affiliation not provided to SSRN and Universidade de Aveiro
Downloads 272 (280,513)

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green bonds, corporate performance, corporate social responsibility, ESG

8.

Are covered bonds different from securitization bonds? A comparative analysis of credit spreads

European Financial Management, Forthcoming
Number of pages: 50 Posted: 02 Oct 2017 Last Revised: 15 Jun 2022
João Pinto and Mafalda Correia
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Universidade do Porto - Faculdade de Economia (FEP)
Downloads 272 (279,442)

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credit spreads; securitization; covered bonds; mispricing; cost of borrowing

9.

Governance of PPP Infrastructure Projects: A Variable Capital Structure Valuation Approach

Forthcoming: Research Handbook on Transport Infrastructure Projects; Editors: Cruz, C.O., Sarmento, J.M.; Publisher: Edward Elgar Publishing; Release date: 2023.
Number of pages: 27 Posted: 28 Jul 2022 Last Revised: 25 Dec 2025
João Pinto, Mário Coutinho dos Santos and Pedro Verga Matos
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Catholic University of Portugal (UCP) and ISEG Lisbon School of Economics and Management,Universidade de Lisboa
Downloads 254 (300,076)
Citation 2

Abstract:

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Governance, PPP, Infrastructure investments, Valuation, Variable capital structures.

10.

The Pricing of Sustainable Syndicated Loans

Number of pages: 51 Posted: 21 Sep 2024
João Pinto, Paulo Alves and Jorge Gonçalo
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 205 (373,348)

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ESG, syndicated loans, credit spreads, loan pricing, cost of borrowing

11.

Sustainable Versus Conventional Bonds: A Comparative Analysis of Primary Market Spreads

Downloads 204 (373,348)

Sustainable Versus Conventional Bonds: A Comparative Analysis of Primary Market Spreads

Number of pages: 49 Posted: 06 Dec 2024
João Pinto and Diva Ribeiro
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and affiliation not provided to SSRN
Downloads 142 (518,518)

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Bond pricing, sustainable bonds, Green bonds, social bonds, sustainability bonds, COVID-19

Sustainable Versus Conventional Bonds: A Comparative Analysis of Primary Market Spreads

Number of pages: 49 Posted: 18 Nov 2024
João Pinto and Diva Ribeiro
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and affiliation not provided to SSRN
Downloads 62 (957,329)

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Bond pricing, ESG, sustainable bonds, green bonds, social bonds, sustainability bonds, COVID-19

12.

How Banks Price Loans for LBOs: An Empirical Analysis of Spread Determinants

Journal of Financial Services Research, https://doi.org/10.1007/s10693-021-00355-y
Number of pages: 54 Posted: 30 Nov 2016 Last Revised: 15 Jun 2022
João Pinto, Luís Pedro Krug Pacheco, Paulo Alves and M. Ricardo Cunha
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Catolica Porto Business School, Universidade Católica Portuguesa, Católica Porto Business School and Portuguese Catholic University - Porto
Downloads 169 (449,518)
Citation 7

Abstract:

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loan pricing, LBOs, financial crisis, market-based, term structure of credit spreads

13.

The Choice Between Corporate and Structured Financing: Evidence From New Corporate Borrowings

The European Journal of Finance, VOL. 26, NO. 13, 1271–1300.
Number of pages: 50 Posted: 10 Feb 2018 Last Revised: 20 Jul 2020
João Pinto and Mário Coutinho dos Santos
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP)
Downloads 164 (456,852)
Citation 14

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Debt financing choice, security design, off-balance-sheet financing, project finance, asset securitization, corporate bonds

14.

The CSPP impact on non-financial firms’ cost of borrowing and debt choice

Number of pages: 57 Posted: 23 Aug 2021
João Pinto, Joana Kanda and Beatriz Silva
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Catholic University of Portugal (UCP) - Católica Porto Business School and Catholic University of Portugal (UCP) - Católica Porto Business School
Downloads 161 (464,454)

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Quantitative easing, CSPP, cost of borrowing, debt choice, bonds and loans

15.

Project Finance Bonds: An Empirical Analysis of Spread and Choice Determinants

Number of pages: 59 Posted: 06 Apr 2022
João Pinto and Sebastião Guedes
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP) - Católica Porto Business School
Downloads 159 (469,621)

Abstract:

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bond pricing, project finance, corporate bonds, debt choice

16.

O movimento de titularização de activos em Portugal (Asset Securitization in Portugal)

Number of pages: 38 Posted: 24 Dec 2013
João Pinto and Manuel O. Marques
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Universidade do Porto - Faculdade de Economia (FEP)
Downloads 153 (485,678)

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Titularização de activos; Titularização de créditos; Securitization

17.

Pricing of Project Finance Bonds: A Comparative Analysis of Primary Market Spreads

Downloads 149 (497,070)
Citation 2

Pricing of Project Finance Bonds: A Comparative Analysis of Primary Market Spreads

Journal of Corporate Finance, Forthcoming
Number of pages: 50 Posted: 12 Dec 2022 Last Revised: 18 Aug 2023
João Pinto and Sebastião Guedes
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP) - Católica Porto Business School
Downloads 85 (779,641)
Citation 2

Abstract:

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bond pricing, Project Finance, Corporate Bonds, cost of borrowing, debt choice

Pricing of Project Finance Bonds: A Comparative Analysis of Primary Market Spreads

Number of pages: 50 Posted: 12 Sep 2022
João Pinto and Sebastião Guedes
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP) - Católica Porto Business School
Downloads 64 (938,792)

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bond pricing, project finance, corporate bonds, mispricing, cost of borrowing

18.

Performance-Based Contracting of Urban Transport Operation Services: Evidence from Porto’s Light-rail

Case Studies on Transport Policy, Volume 16, June 2024, 101193.
Number of pages: 32 Posted: 22 Mar 2021 Last Revised: 10 Apr 2024
João Pinto, Mário Coutinho dos Santos and Pedro Verga Matos
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Catholic University of Portugal (UCP) and ISEG Lisbon School of Economics and Management,Universidade de Lisboa
Downloads 118 (604,538)

Abstract:

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public transportation, privatization, performance-based contracting, bonus/malus mechanism

19.

The Pricing of Bank Bonds, Sovereign Credit Risk and ECB’s Asset Purchase Programmes

Number of pages: 58 Posted: 04 Nov 2020
Ricardo Branco, João Pinto and Ricardo M. Ribeiro
Catholic University of Portugal (UCP) - Católica Porto Business School, Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Universidade Católica Portuguesa, Católica Porto Business School
Downloads 105 (664,543)

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Straight Bonds; Covered Bonds; Securitization Bonds; Bond Pricing; Sovereign Risk; Asset Purchase Programmes

20.

The Ecb's App's Impact on Non-Financial Firms’ Cost of Borrowing and Debt Choice

Downloads 90 (742,061)

The Ecb's App's Impact on Non-Financial Firms’ Cost of Borrowing and Debt Choice

Number of pages: 52 Posted: 16 Jan 2024
João Pinto, Joana Kanda and Beatriz Silva
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Catholic University of Portugal (UCP) - Católica Porto Business School and Catholic University of Portugal (UCP) - Católica Porto Business School
Downloads 34 (1,296,409)

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quantitative easing, LSAP, Credit Spread, debt choice, bonds versus loans

The Ecb's App's Impact on Non-Financial Firms’ Cost of Borrowing and Debt Choice

Number of pages: 51 Posted: 26 Oct 2023
João Pinto, Joana Kanda and Beatriz Silva
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Catholic University of Portugal (UCP) - Católica Porto Business School and Catholic University of Portugal (UCP) - Católica Porto Business School
Downloads 30 (1,356,108)

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Quantitative Easing, LSAP, Credit Spread, debt choice, bonds versus loans

The Ecb's App's Impact on Non-Financial Firms’ Cost of Borrowing and Debt Choice

Number of pages: 52 Posted: 09 Jun 2023
João Pinto, Joana Kanda and Beatriz Silva
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Catholic University of Portugal (UCP) - Católica Porto Business School and Catholic University of Portugal (UCP) - Católica Porto Business School
Downloads 26 (1,415,710)

Abstract:

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Quantitative Easing, LSAP, credit spread, debt choice, bonds versus loans

21.

The Determinants of European Firms' Issuance of Conventional and Green Bonds

Number of pages: 46 Posted: 20 Dec 2023
João Pinto, Rui Coelho, Mara Madaleno and Luís Pacheco
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, affiliation not provided to SSRN, Universidade de Aveiro and affiliation not provided to SSRN
Downloads 88 (753,595)

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Conventional bonds, Green bonds, Financial structure, European nonfinancial public firms

22.

Does Export Intensity Affect Corporate Leverage? Evidence from Portuguese SMEs

Finance Research Letters, Forthcoming
Number of pages: 19 Posted: 18 Apr 2019 Last Revised: 29 Jan 2020
Cátia Silva and João Pinto
affiliation not provided to SSRN and Universidade Católica Portuguesa, Católica Porto Business School and CEGE
Downloads 87 (759,537)

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Financing Decisions, Capital Structure, Export Intensity, System GMM

23.

Banks' Structured Bond Financing: Evidence from the European Market

Number of pages: 32 Posted: 13 Dec 2024 Last Revised: 03 Oct 2025
Mário Coutinho dos Santos and João Pinto
Catholic University of Portugal (UCP) and Universidade Católica Portuguesa, Católica Porto Business School and CEGE
Downloads 63 (933,592)

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Banks, Capital structure, Debt choice, Securitization, Covered bonds, Straight bonds. JEL Codes: E58, G21, G24, G32

24.

Corporate Financing Choices after the 2007-2008 Financial Crisis

Number of pages: 42 Posted: 17 Nov 2021
João Pinto and Mário Coutinho dos Santos
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP)
Downloads 54 (1,020,567)

Abstract:

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financing, security design, loan and bond pricing, structured finance, project finance, asset securitization, corporate bonds, financial crisis

25.

Bank's Structured Bond Financing: Evidence from the European Market

Number of pages: 42 Posted: 16 Jan 2025
João Pinto and Mário Coutinho dos Santos
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catholic University of Portugal (UCP)
Downloads 46 (1,109,210)

Abstract:

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capital structure, debt choice, securitization, covered bonds, banks

26.

The Cost of Fragmentation: Geoeconomic Risk and Corporate Capital Structure Inertia

Number of pages: 38
Mário Coutinho dos Santos, João Pinto, Victor Mendes and Jorge H. F. Mota
Catholic University of Portugal (UCP), Universidade Católica Portuguesa, Católica Porto Business School and CEGE, CMVM - Comissao do Mercado de Valores Mobiliarios and University of Aveiro - Department of Economics, Management, Industrial Engineering and Tourism
Downloads 1

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Capital structure, Target leverage ratio, Speed of adjustment, Real options, Geoeconomic risk, Inertia JEL classification: C33, C81, D25, G32, L22

27.

Is There a Greenium in the Corporate Green Bond Market?

Forthcoming, EUROPEAN REVIEW OF BUSINESS ECONOMICS
Posted: 26 Sep 2023
João Pinto, Paulo Alves and Euclides Lopes
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Universidade Católica Portuguesa, Católica Porto Business School and Catholic University of Portugal (UCP) - Católica Porto Business School

Abstract:

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green bonds, corporate bonds, greenium, ESG

28.

The Impact of the ECB’s PEPP on Euro Area Bond Spreads

Forthcoming, EUROPEAN REVIEW OF BUSINESS ECONOMICS
Posted: 26 Sep 2023
João Pinto and Tiago Da Costa
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Independent

Abstract:

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Quantitative easing, PEPP, cost of borrowing, bond spreads

29.

Financing Circular Economy Projects: A Clinical Study

European Review of Business Economics, VOL. II, NO. 1, 73-100
Posted: 28 Aug 2023
João Pinto, Paulo Alves and Cláudio Castendo
Universidade Católica Portuguesa, Católica Porto Business School and CEGE, Universidade Católica Portuguesa, Católica Porto Business School and Portuguese Catholic University - Porto

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financing instruments; circular economy; ESG; clinical study

30.

The Economics of Structured Leasing

Journal of Self-Governance and Management Economics, 2014, Volume 2(3), pp. 94-116
Posted: 28 Jun 2014 Last Revised: 21 Nov 2019
João Pinto and Luís Pedro Krug Pacheco
Universidade Católica Portuguesa, Católica Porto Business School and CEGE and Catolica Porto Business School

Abstract:

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leasing, structured leases, leveraged leases, synthetic leases

31.

The Economics of Securitization: Evidence from the European Markets

Investment Management and Financial Innovations, Volume 13, Issue 1, 2016
Posted: 17 Apr 2014 Last Revised: 31 Aug 2023
João Pinto
Universidade Católica Portuguesa, Católica Porto Business School and CEGE

Abstract:

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32.

What is Project Finance?

Investment Management and Financial Innovations, Volume 14, Issue 1-1, pp. 200-210, 2016
Posted: 18 Dec 2013 Last Revised: 20 Jun 2017
João Pinto
Universidade Católica Portuguesa, Católica Porto Business School and CEGE

Abstract:

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project finance, structured finance