Financial Markets: no fear of fear

SDA Bocconi Insight - Zoom on

SHARE ON

By Andrea Beltratti

Are movements on stock markets justified by the movements of dividends? No, according to the Robert Shiller, Nobel Prize winner in Economics, who maintains that it’s the combined actions of investors which create ‘excessive volatility.’ The fluctuations that are typical of share prices are far amplified than those of dividends, revenues, and the GDP, even factoring in the normal variability of interest rates and risk premiums. It’s never easy to ascertain the existence of excessive volatility, because we rarely have the chance to carry out controlled experiments; more often than not we don’t know exactly what moves  the markets. 

 

READ MORE ON SDA INSIGHT>>

Related News

13 March 2025
Private Investment Forum 2025: navigating the ...
Private Investment Forum 2025: navigating the future of private capital
Industry leaders, investors and executives gathered at SDA ...
Learn More
04 March 2025
Leaders in Finance: Attila Janosdeak, ...
Leaders in Finance: Attila Janosdeak, Associate Vice President Finance Italy Hub at Eli Lilly
MCF - Master in Corporate Finance
Learn More
03 March 2025
Women in Finance: Elena Carletti, Deputy Vice ...
Women in Finance: Elena Carletti, Deputy Vice Chair of UniCredit Group; Paola Tagliavini, Board Member of Intesa Sanpaolo
Learn More

Related Programs

Valutazione e finanziamento immobiliare Analisi finanziaria degli investimenti
  • Start date
  • Duration
  • Format
  • Language
  • 17 Mar 2025
  • 4,5 days
  • Class
  • Italian

Comprendere e gestire le variabili rilevanti negli investimenti immobiliari come convenienza economica e strutturazione del finanziamento bancario dei progetti.

Global Unicorn Program Innovation, scaling, and the next generation of Unicorns
  • Start date
  • Duration
  • Format
  • Language
  • 14 apr 2025
  • 4 days
  • Class
  • English

Unlocking Europe's Unicorn Potential, empowering VC, PE and Entrepreneurs to grow from Startup to Scale-up in the FFF (Food, Fashion, and Furniture) and FS (Financial Services) Tech Sectors.

Executive Program in Pianificazione e Controllo Direzionale Competenze specialistiche e soft skill per un sistema di controllo direzionale che genera valore
  • Start date
  • Duration
  • Format
  • Language
  • 15 Apr 2024
  • 8 days
  • Class
  • Italian

Padroneggiare strumenti e processi e affinare le soft skill utili alla funzione di controllo direzionale nel contesto di un’impresa sostenibile.