Lars Nordén is Professor (Chair) of Finance at Stockholm Business School. He holds a PhD in Economics from Lund University. Professor Nordén's research agenda is focused on securities trading, liquidity, and financial market structure. He is heading the Financial Market Microstructure (FMM) research group at Stockholm Business School, with the aim to studying how the interaction of investors and institutions generate markets with varying efficiency and liquidity depending on different rules and regulations.
The field of financial market microstructure studies how the interaction of investors and institutions generate markets with varying efficiency and liquidity depending on different rules and regulations. Through close collaboration with policy-makers and local finance industry, SBS has become a leading institution in this field.
The efficient markets hypothesis (EMH) states that equity market prices reflect all relevant information and that it is impossible to consistently outperform the market by using any information that is currently known to investors.
