What modern asset pricing research tells us about markets today
We explore how policy signals, inflation shocks, and investor communication move markets. A conversation to reframe how we understand, research, and teach modern finance.
Listen to this podcast on your favorite platform.
Asset prices move every day—sometimes sharply, sometimes unexpectedly. But what truly drives those movements? Are markets simply reacting to fundamentals, or are expectations, information flows, and investor behaviour playing a larger role than we often assume?
In this episode of Risk and Return, Esade’s Associate Professor André Souza talks about the insights from the Spring Workshop on Asset Pricing 2025. Drawing on cutting-edge academic research, the conversation explores how policy signals, inflation shocks, social media communication, and institutional trading shape asset prices in real time.
The discussion offers a richer view of financial markets—one where prices emerge from the interaction of diverse investors operating under uncertainty and constraints. It also reflects on what these insights mean for how we research, understand, and teach finance today. Hosted by Omar Rachedi.