Applications are now open for the 3rd edition of the Luís Patrão Grant, This initiative supports the academic and professional development of young people in Portugal by awarding grants for study and specialised training. For 2026, the programme has a total budget of 1,000,000 euros and will award a total of 20 grants.
The grants are divided into two different types: 10 grants for undergraduate, postgraduate, Master's and MBA courses (Type A) and 10 grants for specialised vocational training (Type B).
The initiative is aimed at young people up to the age of 35, with effective residence in Portugal, who have a meritorious academic record.
Applications period is open until 12 June 2026.
See the rules and regulations on this link.
Further information and applications at Tourism of Portugal.
Contact: bolsaluispatrao@turismodeportugal.pt.
The 11th edition of the study by Executiva magazine distinguishing the 50 most influential women in Portugal and which, once again, has highlighted three ISEG professors. Professors Sandra Maximiano, Clara Raposo and Sara Falcão Casaca have been distinguished for their impact and leadership in the areas of the economy, regulation and gender equality.
Sandra Maximiano, Professor of Economics at ISEG, was appointed chair of ANACOM in 2023, where she has taken a leading role in the regulation of communications in Portugal.
Clara Raposo is deputy governor of Banco de Portugal since 2022, the second woman to hold this position. Before that, she was Dean of ISEG, the first woman to lead the School, where she promoted a culture of innovation and internationalisation.
Sara Falcão Casaca, a researcher and professor at ISEG, is a national reference in gender studies and equality policies, with an academic and civic career dedicated to promoting equity both at work and in society.
Executive magazine's list also includes three ISEG alumni: Maria Luís Albuquerque, European Commissioner, with a Master's degree in Monetary and Financial Economics; Ana Figueiredo, Chair of Altice Portugal, with a degree in Management; and Ana Garcia Martins, author of “The Sweetest Popcorn”, with a postgraduation in Marketing Management.
This Friday, 22 May, ISEG - Lisbon School of Economics & Management is marking its 115th anniversary with an "Arraial" that promises to once again bring together its entire academic community - students, professors, staff, alumni and partners - in a celebration open to the city and its neighbours in the parish of Estrela.
The event, which has already become a tradition on the ISEG campus, is often described by the community itself as the “first Arraial dos Santos Populares” in Lisbon, anticipating the spirit of the city in June. The ISEG Arraial combines music, gastronomy, conviviality and Lisbon culture in an atmosphere that brings together academic tradition and neighbourhood spirit.
Also known as ISEG's “chic party”, due to the campus's privileged location in the heart of Estrela, the event also stands out for its commitment to more sustainable and responsible practices, seeking to reduce waste, encourage reusable solutions and promote a more conscious and inclusive experience.
More than just an academic festival, the ISEG Arraial is a moment of encounter between generations who graduated from the country's first School of Economics and Management and the city of Lisbon. On a campus with more than a century of history, the initiative reinforces the School's connection to the surrounding community and Lisbon's cultural identity.
This year's edition takes on special significance as part of the celebrations for the 115th anniversary of ISEG, one of Europe's oldest and most prestigious economics and management schools, internationally recognised for its Triple Crown distinction - awarded to less than 1% of the world's business schools. The Arraial takes place on the ISEG campus in Lisbon on 22 May, starting in the late afternoon.
Further information here.
On 29 May, a session of the ISEG Research Seminars will take place from 13.00 to 14.00. The guest speaker will be Michalis Drouvelis from University of Naples Federico II.
The ISEG Research Seminars are held every week on Wednesdays, with the participation of professors from ISEG, as well as from other Portuguese and international educational institutions.
Title
The Effects of Induced Emotions on Leading-by-Example (joint work with Zeyu Qiu)
Abstract
This paper investigates the effects of induced emotions on leading-by example. Using an online sample of more than 1,000 participants, we observe behavior in a one-shot sequential voluntary contribution mechanism game where leaders and followers are induced to be either happy or angry. Our findings show that angry leaders contribute less than happy leaders. The same effect is observed when considering followers’ behavior. A follow-up study uses the strategy method where the leader's actual contribution is not revealed to followers and shows that angry followers behave no differently from happy followers. This suggests that the effect of induced emotions on followers’ behavior operates primarily through the leader's behavior, highlighting the importance of leader emotions in shaping team outcomes. More broadly, our findings highlight the role of emotions as a causal force, suggesting that negative changes in well-being can bring about adverse effects on team cooperation.
ISEG - Lisbon School of Economics & Management launches the second edition of the ISEG ESG Award 2026, This is an initiative that honours the best Final Master's Works (TFM) focused on ESG themes. The main objective is to promote the production of applied knowledge on sustainability, innovation and impact on organisations and society.
The 2026 edition once again has the support of Lisbon City Council, through the Lisboa Empresas Sustentáveis platform, and NTT DATA as the main partner. This collaboration reinforces the fundamental link between academia, the business community and public policies in promoting more sustainable development models.
Under the theme “Innovation for a Sustainable Future”, the prize aims to encourage academic research in the environmental, social and governance areas, recognising work that effectively contributes to the sustainable transformation of companies, cities and institutions.
Deadline for submission of Master's Final Works: 11 September 2026
With this initiative, ISEG reinforces its ongoing commitment to promoting sustainability in teaching, research and its connection to society, challenging students to develop innovative solutions to the complex environmental, social and governance challenges that mark the current context.
Further information on the regulations and the application process will be released shortly.
ISEG Executive Education has once again established itself among the best executive education schools in the world by being included in the Financial Times Executive Education 2026 international ranking, consolidating its global presence through a distinctive proposal centred on innovation, personalisation and the creation of value for organisations.
In the 2026 edition, ISEG Executive Education reaches 48th place worldwide in Custom Programmes, and stays in the Global top 50 of the best tailor-made executive education schools for companies. ISEG is once again represented in the ranking of Open Programmes, occupying the 70th place in the world.
In the Custom Programmes ranking, ISEG stands out particularly for its performance in the “Partner Schools” indicator, where it came 9th in the world. This recognition highlights the School's ability to develop solid and transformative collaborative relationships with companies and institutional partners, designing training solutions tailored to their strategic challenges.
The ranking also highlights the very significant growth of ISEG Executive Education's activity in the area of customized programs, reflecting the growing confidence of companies in the school's ability to design highly specialized learning experiences that are relevant and aligned with real business contexts.
This sustained growth also reflects the consolidation of a training model balanced between the traditional offer of postgraduate programmes and open training, and an increasingly strong commitment to tailor-made programmes, with innovative methodologies and pedagogical approaches focused on organizational transformation and the concrete impact on teams and leaders.
For Joana Santos Silva, CEO of ISEG Executive Education: “This recognition from the Financial Times confirms the path we have been building: a school deeply connected to companies, capable of co-creating relevant, innovative and transformative solutions. The growth in our activity demonstrates not only the trust organizations have in ISEG Executive Education, but also our team's ability to deliver truly differentiating learning experiences with a real impact on people and businesses.”
João Duque, Dean of ISEG, He emphasizes: “Rankings are not an end in themselves, but they are an important indicator of how schools' work is recognized internationally. In the case of ISEG, these results once again show consistency, ambition and the ability to compete in a very demanding global space, as we have demonstrated in recent years.”
The CWUR ranking of Financial Times evaluates the performance of schools worldwide, taking into account teaching methodologies, the qualifications of teaching staff, the contribution to new skills and learning, and the return on investment for participants. The results now achieved reinforce ISEG Executive Education's international positioning as a strategic partner for organizations, maintaining a path of sustained growth based on quality, pedagogical innovation and proximity to the business community.
See the Executive Education 2026 ranking of Financial Times here
On 27 May, a session of the ISEG Research Seminars will take place from 13.00 to 14.00. The guest speaker will be Chiara Lacava from University of Naples Federico II .
The ISEG Research Seminars are held every week on Wednesdays, with the participation of professors from ISEG, as well as from other Portuguese and international educational institutions.
Title
Local Governors as Tax Enforcers (with Giulia Olivero)
Abstract
This paper evaluates the impact of the Certified Warnings Program, a tax enforcement initiative in Italy that enabled municipalities to collaborate with the national tax authority to detect tax evasion. Using data covering the universe of sole proprietors and a difference-in-differences approach, we find that taxpayers in municipalities that adopted the program reported 3% higher taxable income after its introduction. We also document an increase in the probability of being audited and a corresponding reduction in tax evasion. These results hold when we conduct a similar analysis at the aggregate municipality level. Finally, we examine political outcomes for mayors who implemented the program during their first term and find that they were 8.7 percentage points more likely to be reelected, suggesting substantial political returns to local tax enforcement. Overall, our findings highlight the effectiveness of localized tax enforcement in improving tax compliance and its potential role as a political strategy.
On May 27, Lisbon's University Stadium will open its doors to the public with an Open Day full of activities. The initiative invites everyone to try out sporting disciplines, health activities and wellness proposals, showcasing everything the venue has to offer.
The event takes place in a special year, as it marks the 70th anniversary of the University Stadium, reinforcing its role as a meeting point for sport and healthy living at Universidade de Lisboa. Participation is free, but requires prior registration . To mark the date, the day ends with a special moment: the Commemorative Session, which takes place at 17:00 on Track 2.
In addition to the Open Day, there's more going on: from May 25 to 29 there will be the Open Week, an event that is specially designed for Stadium users. Over these days, there's an opportunity to try out various activities and explore new ways of maintaining an active lifestyle.
ISEG is deeply saddened by the death of José Vitorino, a former student at the then Instituto Superior de Ciências Económicas e Financeiras (ISCEF), now ISEG, and one of the most important figures in the public and local life of the Algarve in recent decades.
With a degree in Finance from ISCEF, José Vitorino built a career of strong civic and political intervention, marked by public service, proximity to communities and a vision of regional development that has left a lasting mark on Faro and the Algarve. Throughout his life, he served as a Member of Parliament, Civil Governor of Faro, Secretary of State for Communities and Mayor of Faro. He will also be associated with the process of creating Universidade do Algarve, a contribution of enormous importance to the region and the country.
His career is an exemplary example of what ISEG seeks to cultivate in its students: a solid education in economics, finance and management at the service of society, institutions and local development.
At this time of sadness, ISEG sends its deepest condolences to his family, friends and all those who knew him.
ISEG was deeply saddened to hear the news of the death of our former student Rita Fazenda de Oliveira, at the age of 27.
Rita lived the ISEG spirit to the full. For many of those who met her, ISEG became her first home, a place where she built friendships, memories and a presence impossible to forget.
She actively participated in the academic life of ISEG, where she completed a degree in MAEG. She was a member of associations, volunteered and was a regular presence at events that brought the community together. She was recognised for her contagious energy, the genuine way she cared for others and her rare ability to make days lighter, even in the most difficult times.
Those who knew her remember her easy laughter, her straightforwardness, her commitment to her friends and the intense and genuine way she lived every emotion.
At this time of great sorrow, ISEG extends its deepest condolences to Rita's family, friends and all those who had the privilege of sharing her journey.