Dra. Layla Mendes

Education

• PhD in Business, Brazilian School of Public and Business Administration - FGV EBAPE (2017-2021)

• MSc in Business, Brazilian School of Public and Business Administration  - FGV EBAPE (2015-2016)

• BA in Business Administration, Universidade Federal de Juiz de Fora - UFJF (2010-2014)

Academic and Professional Positions

• Professor, Brazilian School of Economics and Finance - FGV EPGE (2020-present)

• Co-founder of Hathor Network, blockchain startup (2018-2022)

• Teacher Assistant, Brazilian School  of Public and Business Administration - EBAPE (2017-2019)

Research

Publications:

• LEITE, R.O.; MENDES, L. S; NASCIMENTO I. (2025). The political economy of banks’ cash holdings. Journal of Economic Studies.

• LEITE, R.O.; MENDES, L. S; Camelo E. (2024). Innovating Microcredit: how fintechs change the field. Journal of Economics and Business.

• LEITE, R.O.; Moura M.; MENDES, L. S.; Pilla L.H.L. (2024). Bank Accessibility and Entrepreneurial Activity: Evidence from Brazil. International Journal of Financial Studies. 

• MENDES, L. S.; FAJARDO, J.; LEITE, R.O. (2022). Do Contingent Convertible Bonds Reduce Systemic Risk? Journal of International Financial Markets, Institutions & Money.

•  LEITE, R. O.; MENDES, L. S.; Tommasetti, R.; Maia, V. M.; Larrain, R. S.;  (2022); The Role of Motivated Financial Institutions on Community Currencies Loans. International Journal of Financial Studies.

• FERNANDES, G.; MENDES, L. S.; LEITE, R. O. (2021). Cash holdings and profitability of banking firms in developed and emerging markets. International Review of Economics and Finance.

• LEITE, R. O. ; MENDES, L. S. ; MOREIRA, R. L. (2020). Profit Status of Microfinance Institutions and Incentives for Earnings Management. Research in International Business and Finance.

• LEITE, R.O.; DIAS, R.; MENDES, L. S. (2020). Morality and perception of corruption. Latin American Business Review.

• MENDES, L. S.; FAJARDO, J. (2019). On the propensity to issue contingent convertible (CoCo) bonds. Quantitative Finance. 

• LEITE, R.O., MENDES, L. S.; SACRAMENTO L.C. (2019). To Profit or not to Profit? Assessing financial sustainability outcomes of Microfinance Institutions. International Journal of Finance & Economics.

Working Papers:

• MENDES, L. S.; LEITE, R.O.; FAJARDO, J. Hybrid Securities as a strategy of sequential finance in the banking sector.  (submitted)

• FERNANDES, G.; MENDES, L. S.; Global Assessment of Banks' Capacity to Support the Energy Transition. (submitted)

• MENDES, L. S.; MOTTA, J. H.; MENEZES, A. L. Poverty Mafia? Contributions of Government-nonprofit Collaborations to Reduce Educational Inequality  (submitted)

• MENDES, L. S.; LEITE, R.O.; MOREIRA, C. A. S. Predicting Openings and Closings of Bank Branches Using Machine Learning: Evidence from Brazil.

• LEITE, R.O.; MENDES, L. S.; Moura M. The Real Effects of Fintech: Instant Digital Payments and Entrepreneurship.

Working in Progress:

• MENDES, L. S.; GARRIDO, A. R. C.; LEITE, R. O. Contingent Convertible Bonds and First Call Prediction Approach.

• MENDES, L. S.; CIVITARESE, J.; LEITE, R. O. Bad News, Technical Development and Cryptocurrencies Stability.  

• FERNANDES, G.; MENDES, L. S.; Green Financing Gap.

• LEITE, R.O.; MENDES, L. S.; Digital Inclusion and the Evolution of Microfinance Institutions.

• KLOTZLE, M. C.; MENDES, L. S.; MARQUES, N.; Exploring Dynamic Connectedness in Green Bond Market Performance