The Center for Research and Innovation in Finance (CIIFI) directs its activities toward research in applied finance, with an emphasis on topics of national and regional interest. CIIFI is responsible for implementing, developing, executing, and consolidating research projects in the financial area, promoting financial innovation and the strengthening of financial markets, financial institutions, and corporate finance.

In line with its technical approach, CIIFI prioritizes the use of mathematical and statistical quantitative methods, as well as econometric, financial, and accounting models, as central tools for applied financial research.

Research lines

• Financial Intermediation Program: studies in comprehensive risk management, regulation of the financial system, financial institutions, competition and structure of the financial market, and microfinance.

• Securities Market Program: research in market efficiency and anomalies, behavioral finance, valuation of financial instruments, fundamental analysis, portfolio management, performance evaluation, technical analysis, and trading strategies.

• Financial Products Program: focused on financial innovation through the design of financial products and instruments, financial derivatives, investment funds, insurance, financial and actuarial mathematics, and information technologies applied to finance.

• Corporate Finance Program: oriented toward strengthening the business sector, with studies on capital structure and dividend policy, cost of capital, financial analysis and planning, evaluation of investment projects, entrepreneurship development, financing mechanisms, sector studies, and International Financial Reporting Standards.

Institutional factsheet

• Creation date: September 2015

• Rectoral Resolution: No UPB-RR-026A/2015