Welcome! I’m Pouya Behmaram, an Assistant Professor of Finance at the University of Quebec at Montreal (ESG UQAM). My research focuses on empirical asset pricing with a particular emphasis on the ongoing transformation of financial markets from active to passive investing. My work explores how this secular shift affects market dynamics, price efficiency, and institutional investor behavior.

I completed my PhD in Finance from McGill University, and hold an MSc in Finance and Economics from the London School of Economics. My job market paper, “From Realized to Expected: The Passive Investing Impact,” introduces a novel measure of passive ownership and examines its implications for equity markets. Through other projects, I investigate topics such as demand elasticity in financial markets, ESG investing, and mutual fund performance.