Markus Broman

Broman earned his B.S. and M.S. degrees from the Hanken School of Economics (Finland) and his Ph.D. in business administration with a major in finance from Schulich School of Business at York University (Canada). He teaches undergraduate courses in investments at the Whitman School of Management.

Research Topics

• Investments (mutual funds; exchange-traded funds and hedge funds)
• Market efficiency
• Institutional and retail investors
• Geography and financial markets.

Broman’s research interests lie in the intersection of investments, market efficiency and international finance.

His research has been awarded the Eastern Finance Association Outstanding Doctoral Student Paper and has been presented at leading academic conferences, including the American Finance Association and European Finance Association.

Working Papers

• "The Geography of Sub-advisors and its Impact on International Equity Mutual Funds", , 2020 (with Shum Nolan, P., Densmore, M.)

Selected Publications

• "Liquidity, Style Investing and Excess Comovement of Exchange-Traded Fund Returns", Journal of Financial Markets, 30, 27–53, 2016