Selected publications

Recent publications of the Department of Finance and Statistics, subject Finance

Recent publications

In the research database you will find all research activity.
To the research database

2018

2018 Magnus Blomkvist, Karl Felixson, Timo Korkeamäki 'National culture and takeover contest outcomes' The Financial Review, vol 53, no. 3, pp. 605-625. http://dx.doi.org/10.1111/fire.12158
2018 Anupam Dutta, Johan Knif, James Kolari, Seppo Pynnönen 'A robust and powerful test of abnormal stock returns in long-horizon event studies' Journal of Empirical Finance, vol 47, pp. 1-24. http://dx.doi.org/10.2139/ssrn.2292356
2018 Frédéric Délèze, Timo Korkeamäki 'Interest rate risk management with debt issues: Evidence from Europe' Journal of Financial Stability, vol 36, pp. 1-11. http://dx.doi.org/10.1016/j.jfs.2018.01.003
2018 Jesper Per Alexander Haga, Kim Ittonen, Per Christen Tronnes, Leon Wong 'Is earnings management sensitive to discount rates?' Journal of Accounting Literature, vol 41, pp. 75-88. http://dx.doi.org/10.1016/j.acclit.2018.03.001
2018 Gonul Colak, Ali Gungoraydinoglu, Özde Öztekin 'Global leverage adjustments, uncertainty, and country institutional strength' Journal of Financial Intermediation, http://dx.doi.org/10.1016/j.jfi.2018.01.010
2018 Paulo Fraga Martins Maio, Dennis Philip 'Economic activity and momentum profits' Journal of Banking and Finance, vol 88, pp. 466-482. http://dx.doi.org/10.2139/ssrn.2257869

2017

2017 Paulo Fraga Martins Maio, Ilan Cooper 'Asset growth, profitability, and investment opportunities' Management Science, http://dx.doi.org//10.2139/ssrn.2554706
2017 Gonul Colak, Artem Durnev, Yiming Qian 'Political Uncertainty and IPO Activity: Evidence from U.S. Gubernatorial Elections' Journal of Financial and Quantitative Analysis, vol 52, no. 6, pp. 2523-2564. http://dx.doi.org/10.1017/S0022109017000862
2017 Magnus Blomkvist, Timo Korkeamäki, John Erik Pettersson 'The new issues puzzle revisited: The role of firm quality in explaining IPO returns' Economics letters, vol 159, no. October , pp. 88-91. http://dx.doi.org/10.1016/j.econlet.2017.07.022
2017 Magnus Blomkvist, Timo Korkeamäki 'Financial versus strategic bidders: Evidence from unsuccessful takeover bids' Economics letters, vol 159, no. October, pp. 142-144. http://dx.doi.org/10.1016/j.econlet.2017.07.034
2017 Paulo Maio, Pedro Santa-Clara 'Short-Term Interest Rates and Stock Market Anomalies' Journal of Financial and Quantitative Analysis, vol 52, no. 3, pp. 927-961. http://dx.doi.org/10.1017/S002210901700028X
2017 Emilia Vähämaa 'Female executives and corporate governance' Managerial Finance, vol 43, no. 10, pp. 1056-1072. http://dx.doi.org/10.1108/MF-04-2016-0098
2017 Timo Korkeamäki, Eva Liljeblom, Daniel Pasternack 'CEO's total wealth characteristics and implications on firm risk' International Review of Finance, vol 18, no. 1, pp. 35-58. http://dx.doi.org/10.1111/irfi.12139
2017 Magnus Blomkvist, Teemu Friman, Timo Korkeamäki 'Bond market access and acquisitions: empirical evidence from the European market' The European Journal of Finance, vol 24, no. 6, pp. 478-498. http://dx.doi.org/10.1080/1351847X.2017.1323771
2017 Timo Korkeamäki, Eva Liljeblom, Daniel Pasternack 'CEO power and matching leverage preferences' Journal of Corporate Finance, vol 45, no. August, pp. 19-30. http://dx.doi.org/10.1016/j.jcorpfin.2017.04.007
2017 Ali Gungoraydinoglu, Gonul Colak, Özde Öztekin 'Political environment, financial intermediation costs, and financing patterns' Journal of Corporate Finance, vol 44, no. June, pp. 167-192. http://dx.doi.org/10.1016/j.jcorpfin.2017.03.007
2017 Dawood Ashraf, Karl Felixson, Mohsin Khawaja, Syed Mujahid Hussain 'Do constraints on financial and operating leverage affect the performance of Islamic equity portfolios?' Pacific-Basin Finance Journal, http://dx.doi.org/10.1016/j.pacfin.2017.02.009
2017 Kenneth Högholm, Victor Högholm 'Open Market Repurchase Programs - Evidence from Finland' International Journal of Economics and Finance, vol 9, no. 12, pp. 13-23. http://dx.doi.org/10.5539/ijef.v9n12p13
2017 Benjamin Maury 'Quality at a reasonable price: The role of investors’ portfolio weights' Nordic Journal of Business, vol 66, no. 1, pp. 4-28.

2016

2016 Ihsan Badshah, Bart Frijns, Johan Knif, Alireza Tourani-Rad 'Asymmetries of the intraday return-volatility relation' International Review of Financial Analysis, vol 48, no. December, pp. 182-192. http://dx.doi.org/10.1016/j.irfa.2016.09.016
2016 Bonnie G. Buchanan, Cathy Xuying Cao, Eva Liljeblom, Susan Weihrich 'Uncertainty and firm dividend policy – a natural experiment' Journal of Corporate Finance, vol 42, no. February, pp. 179-197. http://dx.doi.org/10.1016/j.jcorpfin.2016.11.008
2016 Sabur Mollah, Eva Liljeblom 'Governance and bank characteristics in the credit and sovereign debt crises – the impact of CEO power' Journal of Financial Stability, vol 27, no. December, pp. 59-73. http://dx.doi.org/10.1016/j.jfs.2016.09.003
2016 Timo Korkeamäki, Eva Liljeblom, Markus Pfister 'Airline Fuel Hedging and Management Ownership' The Journal of Risk Finance, vol 17, no. 5, pp. 492-509. http://dx.doi.org/10.1108/JRF-06-2016-0077
2016 Laura Baselga-Pascual, Antonio Trujillo-Ponce, Emilia Vähämaa, Sami Vähämaa 'Ethical Reputation of Financial Institutions: Do Board Characteristics Matter?' Journal of business ethics, http://dx.doi.org/10.1007/s10551-015-2949-x
2016 Klaus Grobys, Jesper Per Alexander Haga 'Identifying portfolio-based systematic risk factors in equity markets' Finance Research Letters, vol 17, no. May, pp. 88-92. http://dx.doi.org/10.1016/j.frl.2016.01.010
2016 Kenneth Högholm, Johan Knif 'Short term announcement returns to the bidder' European Journal of Economics and Management, vol 3, no. 2, pp. 29-57.
2016 Kenneth Högholm 'Bidder's Gain in Public M&A Transactions: Does Size Matter?' International Journal of Economics and Finance, vol 8, no. 5, pp. 1-12. http://dx.doi.org/10.5539/ijef.v8n5p1
2016 Emilia Vähämaa, Claire Crutchley Lending 'European board structure and director expertise: The impact of quotas' Research in International Business and Finance, vol 39, Part A, no. January, pp. 486-501. http://dx.doi.org/10.1016/j.ribaf.2016.09.004

2015

2015 Tor Brunzell, Eva Liljeblom, Mika Vaihekoski 'Short-term expectation in listed firms: The effects of different owner types' Journal of International Financial Management & Accounting, vol 26, no. 3, pp. 223-256. http://dx.doi.org/10.1111/jifm.12028
2015 Paulo Maio, Dennis Philip 'Macro variables and the components of stock returns' Journal of Empirical Finance, vol 33, pp. 287-308. http://dx.doi.org/10.1016/j.jempfin.2015.03.004
2015 Timo Korkeamäki, Danielle Xu 'Institutional investors and foreign exchange risk' Quarterly Journal of Finance, vol 5, no. 3, http://dx.doi.org/10.1142/S2010139215500135
2015 Jesper Per Alexander Haga, Jimi Ville-Pekka Siekkinen, Dennis Kristian Sundvik 'Initial stage clustering when estimating accounting quality measures with self-organizing maps' Expert Systems with Applications, vol 42, no. 21, pp. 8327-8336. http://dx.doi.org/10.1016/j.eswa.2015.06.049
2015 Mujahid Hussain, Timo Korkeamäki, Danielle Xu, Ashfaque Hasan Khan 'What drives the stock market growth? A case of a volatile emerging economy' Emerging Markets Finance and Trade, vol 51, no. 1, pp. 209-223. http://dx.doi.org/10.1080/1540496X.2015.1011533
2015 Tor Brunzell, Eva Liljeblom, Anders Löflund, Mika Vaihekoski 'Capital Structure Policy Decisions in Nordic Listed Firms' Nordic Journal of Business, vol 64, no. 1, pp. 4.
2015 Yamin Xie 'Acquirer performance when founders remain in the firm' Pacific-Basin Finance Journal, vol 35 (2015) , no. Part A, pp. 273-297. http://dx.doi.org/10.1016/j.pacfin.2015.01.006
2015 Hilal Butt 'A comparison among various dimensions of illiquidity effect:' Research in International Business and Finance, vol 33, no. january 2015, pp. 204-220. http://dx.doi.org/10.1016/j.ribaf.2014.09.002
2015 Sergey Osmekhin, Frédéric Délèze 'Application of continuous-time random walk to statistical arbitrage' JOURNAL OF ENGINEERING SCIENCE AND TECHNOLOGY REVIEW, vol 8, no. 1, pp. 91-95.
2015 Paulo Maio, Pedro Santa-Clara 'Dividend Yields, Dividend Growth, and Return Predictability in the Cross-Section of Stocks' Journal of Financial and Quantitative Analysis, vol 50, no. 1/2, pp. 33-60. http://dx.doi.org/10.1017/S0022109015000058
2015 Klaus Grobys, Jesper Per Alexander Haga 'The Market Price of Credit Risk and Economic States' Empirical Economics, pp. 1-24. http://dx.doi.org/10.1007/s00181-015-0952-9
2015 Mujahid Hussain, Frédéric Délèze 'Information arrival, jumps and cojumps in European financial markets: Evidence using tick by tick data' Multinational Finance Journal, vol 18, no. 3/4, pp. 169-213.
2015 Martin Holmén, Peng Wang 'Pyramid IPOs on the Chinese Growth Enterprise Market' Emerging Markets Finance and Trade, vol 51, no. 1, pp. 160-173 . http://dx.doi.org/10.1080/1540496X.2015.1011526
2015 Eva Liljeblom, Sabur Mollah, Patrik Rotter 'Do dividends signal future earnings in the Nordic stock markets?' Review of Quantitative Finance and Accounting, vol 44, no. 3, pp. 493-511. http://dx.doi.org/10.1007/s11156-013-0415-3
2015 Jesper Per Alexander Haga 'Intermediate-term momentum and credit rating' Finance Research Letters, vol 15, pp. 59-67. http://dx.doi.org/10.1016/j.frl.2015.08.004
2015 Paulo Maio 'Cross-sectional return dispersion and the equity premium' Journal of Financial Markets, vol 29, no. June, pp. 87-109. http://dx.doi.org/10.1016/j.finmar.2015.09.001
2015 Eva Liljeblom, Benjamin Maury 'Shareholder protection, ownership, and dividends: Russian evidence' Emerging Markets Finance and Trade, vol 52, no. 10, pp. 2414-2433. http://dx.doi.org/10.1080/1540496X.2015.1073991
2015 Ulf Jakobsson, Timo Korkeamäki 'Ownership and corporate governance in Finland: A review of development trends' Nordic Journal of Business, vol 64, no. 4, pp. 232-248.
2015 Jesper Per Alexander Haga, Jimi Ville-Pekka Siekkinen, Dennis Kristian Sundvik 'A neural network approach to measure real activities manipulation' Expert Systems with Applications, vol 42, no. 5, pp. 2313-2322. http://dx.doi.org/10.1016/j.eswa.2014.10.047

2014

2014 Frédéric Délèze, Sergey Osmekhin 'Price formation modelling by continuous-time random walk: an empirical study' JOURNAL OF ENGINEERING SCIENCE AND TECHNOLOGY REVIEW, vol 8, no. 1, pp. 12-15.
2014 Benjamin Maury, Anders Ekholm 'Portfolio concentration and firm performance' Journal of Financial and Quantitative Analysis, vol 49, no. 4, pp. 903-931. http://dx.doi.org/10.1017/S0022109014000635
2014 Tor Brunzell, Eva Liljeblom 'Chairmens' Perceptions of Female Board Representation: A Study of Nordic Listed Companies' Equality, Diversity and Inclusion: An International Journal, vol 33, no. 6, pp. 523-534. http://dx.doi.org/10.1108/EDI-11-2012-0107
2014 Tor Brunzell, Eva Liljeblom, Anders Löflund, Mika Vaihekoski 'Dividend policy in Nordic listed firms' Global Finance Journal, vol 25, no. 2, pp. 124-135. http://dx.doi.org/10.1016/j.gfj.2014.06.004
2014 Johan Knif, James Kolari, Seppo Pynnönen 'Market conditions and time-varying conditional correlations' Applied Finance Letters, vol 3, no. 1, pp. 22-27.
2014 Paulo Maio 'Don’t fight the Fed!' Review of Finance, vol 18, no. 2, pp. 623-679. http://dx.doi.org/10.1093/rof/rft005
2014 Eric R. Brisker, Don M. Autore, Gonul Colak, David R. Peterson 'Executive compensation structure and the motivations for seasoned equity offerings' Journal of Banking & Finance, vol 40, pp. 330-345. http://dx.doi.org/10.1016/j.jbankfin.2013.12.003
2014 Timo Korkeamäki, Salla Fanny Helena Pöyry, Maiju Suo 'Credit ratings and information asymmetry on the Chinese syndicated loan market' China Economic Review (Amsterdam) , vol 31, pp. 1-16. http://dx.doi.org/10.1016/j.chieco.2014.08.001
2014 Abu Towhid Muhammad Shaker 'The Equity Performance of U.S. Firms Emerging from Chapter 11 Bankruptcy' International Journal of Business and Social Research, vol 4, no. 1, pp. 19-30.
2014 Abraham Lioui, Paulo Maio 'Interest Rate Risk and the Cross-Section of Stock Returns' Journal of Financial and Quantitative Analysis, vol 49, no. 2, pp. 483-511. http://dx.doi.org/10.1017/S0022109014000131
2014 Petri Kuosmanen, Nasib Nabulsi, Juuso Vataja 'Financial Variables and Economic Activity in the Nordic Countries' International Review of Economics & Finance, vol 37, pp. 368–379. http://dx.doi.org/10.1016/j.iref.2014.12.008
2014 Emilia Vähämaa 'CEO and Chairperson characteristics and firm performance' Journal of Management & Governance, vol 18, no. 1, pp. 185-205. http://dx.doi.org/10.1007/s10997-012-9224-7
2014 Emilia Vähämaa 'Executive turnover, gender, and earnings management' Accounting Perspectives, vol 13, no. 2, pp. 103-122. http://dx.doi.org/10.1111/1911-3838.12029
2014 Martin Holmén, Michael Kirchler, Daniel Kleinlercher 'Do Option-like Incentives Induce Overvaluation? Evidence from Experimental Asset Markets' Journal of Economic Dynamics and Control, vol 40, no. March 2014, pp. 179-194. http://dx.doi.org/10.1016/j.jedc.2014.01.002
2014 Martin Holmén, Eugene Nivorozhkin, Rakesh Rana 'Do anti-takeover devices affect the takeover likelihood or the takeover premium?' The European Journal of Finance, vol 20, no. 4, pp. 319-340. http://dx.doi.org/10.1080/1351847X.2012.703141
2014 Oege Dijk, Martin Holmén, Michael Kirchler 'Rank Matters-The impact of social competition on portfolio choice' European Economic Review, vol 66, pp. 97-110. http://dx.doi.org/10.1016/j.euroecorev.2013.11.010
2014 Sheraz Ahmed, Mujahid Hussain 'The Financial cost of rivalry: A tale of two South Asian neighbours' Emerging Markets Finance and Trade, vol 50, no. Supplement 3, pp. 35-60. http://dx.doi.org/10.2753/REE1540-496X5003S303
2014 Peter Nyberg, Salla Fanny Helena Pöyry 'Firm Expansion and Stock Price Momentum' Review of Finance, vol 18, no. 4, pp. 1465-1505. http://dx.doi.org/10.1093/rof/rft034
2014 Martin Hoesli, Eva Liljeblom, Anders Löflund 'The effect of lock-ups on suggested real estate portfolio weight' International Real Estate Review, vol 17, no. 1, pp. 1-22.

2013

2013 Peter Sarlin, Zhiyuan Yao 'Clustering of the self-organizing time map' Neurocomputing, vol 121, no. 9, pp. 317-327. http://dx.doi.org/10.1016/j.neucom.2013.04.007
2013 Abu Towhid Muhammad Shaker 'Testing the Weak-Form Efficiency of the Finnish and Swedish Stock Markets' European journal of business and social sciences, vol 2, no. 9, pp. 176-185.
2013 Paulo Maio 'Return decomposition and the Intertemporal CAPM' Journal of Banking & Finance, vol 37, no. 12, pp. 4958–4972. http://dx.doi.org/10.1016/j.jbankfin.2013.08.021
2013 Anders Löflund, Benjamin Maury 'Familjeägande och börsbolagens prestation: En översikt' Ekonomiska Samfundets Tidskrift, vol 2013, no. 3,
2013 Anders Löflund 'Vuoden 2013 taloustieteen Nobel rahoitustutkijoille: Eugene F. Fama, Lars P. Hansen ja Robert J. Shiller' Kansantaloudellinen Aikakauskirja, vol 109, no. 4, pp. 463-466.
2013 Timo Korkeamäki, Timothy Michael 'Where are they now? An analysis of the life cycle of convertible bonds' The Financial Review, vol 48, no. 3, pp. 489-509. http://dx.doi.org/10.1111/fire.12012
2013 Timo Korkeamäki, Elina Rainio, Tuomas Takalo 'Reforming corporate law in an emerging market' Economics of transition, vol 21, no. 3, pp. 509-551. http://dx.doi.org/10.1111/ecot.12020
2013 Niklas Ahlgren, Jan Antell 'The Power of Bootstrap Tests of Cointegration Rank' Computational Statistics, vol 28, no. 6, pp. 2719-2748. http://dx.doi.org/10.1007/s00180-013-0425-6
2013 Eric R. Brisker, Gonul Colak, David R. Peterson 'Changes in cash holdings around the S&P 500 additions' Journal of Banking & Finance, vol 37, no. 5, pp. 1787-1807. http://dx.doi.org/10.1016/j.jbankfin.2013.01.021
2013 Tor Brunzell, Eva Liljeblom, Mika Vaihekoski 'Determinants of capital budgeting methods and hurdle rates in Nordic firms' Accounting & Finance, vol 53, pp. 85-110. http://dx.doi.org/10.1111/j.1467-629X.2011.00462.x
2013 Paulo Maio 'The “Fed Model” and the Predictability of Stock Returns' Review of Finance, vol 17, no. 4, pp. 1489-1533. http://dx.doi.org/10.1093/rof/rfs025
2013 Anand Bir S. Gulati, Johan Knif, James Kolari 'Exchange rate shocks and firm competitiveness in small export-oriented countries: The case of Finland' Multinational Finance Journal, vol 17, no. 1/2, pp. 1-47.
2013 Timo Korkeamäki, Tuomas Takalo 'Valuation of innovation and intellectual property: The case of iPhone' European Management Review, vol 10, no. 4, pp. 197-210. http://dx.doi.org/10.1111/emre.12016
2013 Nader Shahzad Virk 'Evidence for state and time nonseparable preferences: the case of Finland' Applied Financial Economics, vol 23, no. 24, pp. 1821-1838. http://dx.doi.org/10.1080/09603107.2013.854297
2013 Petri Valkama, Markku Maula, Erkki Veikko Nikoskelainen, Mike Wright 'Drivers of holding period firm-level returns in private equity-backed buyouts' Journal of Banking & Finance, vol 37, no. 7, pp. 2378–2391. http://dx.doi.org/10.1016/j.jbankfin.2013.01.042
2013 Kim Ittonen, Emilia Vähämaa, Sami Vähämaa 'Female Auditors and Accruals Quality' Accounting Horizons, vol 27, no. 2, pp. 205-228. http://dx.doi.org/10.2308/acch-50400
2013 Emilia Vähämaa, Stanley Smith, Sami Vähämaa 'Bank Corporate Governance and Real Estate Lending During the Financial Crisis' Journal of Real Estate Research, vol 35, no. 3, pp. 313-343.
2013 Xi Li, Rodney N. Sullivan, Danielle Xu, Guodong Gao 'Sell-Side Analysts and Gender: A Comparison of Performance, Behavior, and Career Outcomes' Financial Analysts Journal, vol 69, no. 2, pp. 83-94. http://dx.doi.org/10.2469/faj.v69.n2.4
2013 Paulo Maio 'Intertemporal CAPM with conditioning variables' Management Science, vol 59, no. 1, pp. 122-141. http://dx.doi.org/10.1287/mnsc.1120.1557

2012

2012 Paulo Maio, Pedro Santa-Clara 'Multifactor models and their consistency with the ICAPM' Journal of Financial Economics, vol 106, no. 3, pp. 586-613. http://dx.doi.org/10.1016/j.jfineco.2012.07.001
2012 Jan Antell, Mika Vaihekoski 'Pricing Currency Risk in Two Interlinked Stock Markets' Applied Finance Letters, vol 1, no. 1, pp. 16-21.
2012 Rodney Boehme, Gonul Colak 'Primary market characteristics and secondary market frictions of stocks' Journal of Financial Markets, vol 15, no. 2, pp. 286-327. http://dx.doi.org/10.1016/j.finmar.2011.11.001
2012 Gonul Colak 'IPO characteristics of index firms' Managerial Finance, vol 38, no. 12, pp. 1134-1159. http://dx.doi.org/10.1108/03074351211271265
2012 Nader Shahzad Virk 'Equity Premium Puzzle: A Finnish Review' International Journal of Economics and Finance, vol 4, no. 2, pp. 44-55. http://dx.doi.org/10.2139/ssrn.1598748
2012 Nader Shahzad Virk 'Stock returns and macro risks: Evidence from Finland' Research in International Business and Finance, vol 26, no. 1, pp. 47-66. http://dx.doi.org/10.1016/j.ribaf.2011.06.002
2012 Jan Antell, Mika Vaihekoski 'Pricing currency risk in the stock market' Journal of International Financial Markets, Institutions & Money, vol 22, no. 1, pp. 120-136. http://dx.doi.org/10.1016/j.intfin.2011.08.002
2012 Kim Ittonen, Emilia Vähämaa 'Auditor’s gender and audit fees' International Journal of Auditing, vol 16, no. 1, pp. 1-18. http://dx.doi.org/10.1111/j.1099-1123.2011.00438.x
2012 Emilia Vähämaa, Sami Vähämaa 'Did good corporate governance improve bank performance during the financial crisis?' Journal of Financial Services Research, vol 41, no. 1-2, pp. 19-35. http://dx.doi.org/10.1007/s10693-011-0108-9
2012 Martin Holmén, Eugene Nivorozhkin 'Tender Offers versus Block Trades: Empirical Evidence' Managerial and Decision Economics, vol 33, pp. 511-529. http://dx.doi.org/10.1002/mde.2563
2012 Will J. Armstrong, Johan Knif, James W. Kolari, Seppo Pynnönen 'Exchange risk and universal returns: A test of international arbitrage pricing theory' Pacific-Basin Finance Journal, vol 20, no. 1, pp. 24-40. http://dx.doi.org/10.1016/j.pacfin.2011.08.003

2011

2011 Gonul Colak, Hikmet Günay 'Strategic waiting in the IPO markets' Journal of Corporate Finance, vol 17, no. 3, pp. 555-583. http://dx.doi.org/10.1016/j.jcorpfin.2011.02.007
2011 Will Armstrong, Johan Knif, James Kolari, Seppo Pynnönen 'Universal Returns, Exchange Risk, and Capital Asset Prices' International Review of Applied Financial Issues and Economics, vol 3, no. 2,
2011 Eva Liljeblom, Daniel Pasternack, Matts Rosenberg 'What determines stock option contract design?' Journal of Financial Economics, vol 102, no. 2, pp. 293-316. http://dx.doi.org/10.1016/j.jfineco.2011.02.021
2011 Timo Korkeamäki 'Interest rate sensitivity of the European stock markets before and after the euro introduction' Journal of International Financial Markets, Institutions & Money, vol 21, no. 5, pp. 811-831. http://dx.doi.org/10.1016/j.intfin.2011.06.005
2011 Kenneth Högholm, Johan Knif, Seppo Pynnönen 'Cross-distributional robustness of conditional weekday effects: evidence from European equity-index returns' The European Journal of Finance, vol 17, no. 5-6, pp. 377-390. http://dx.doi.org/10.1080/1351847X.2010.544474
2011 Benjamin Maury, Anete Pajuste 'Private benefits of control and dual-class share unifications' Managerial and Decision Economics, vol 32, no. 6, pp. 355-369. http://dx.doi.org/10.1002/mde.1538
2011 Kenneth Högholm, Johan Knif, Seppo Pynnönen 'Common and local asymmetry and day-of-the-week effects among EU equity markets' Quantitative finance, vol 11, no. 2, pp. 219-227. http://dx.doi.org/10.1080/14697680903311155
2011 Tor Brunzell, Mats Hansson, Eva Liljeblom 'The use of derivatives in Nordic firms' The European Journal of Finance, vol 17, no. 5-6, pp. 355-376. http://dx.doi.org/10.1080/1351847X.2010.543836
2011 Henrik Palmen 'Ledare: Bostadspolitik' Ekonomiska Samfundets Tidskrift, vol 2/2011, pp. 91-92.
2011 Mats Hansson, Eva Liljeblom, Minna Martikainen 'Corporate governance and profitability in family SMEs' European Journal of Finance, vol 17, no. 5-6, pp. 391-408. http://dx.doi.org/10.1080/1351847X.2010.543842
2011 Kari Kristian Harju, Syed Mujahid Hussain 'Intraday Seasonalities and Macroeconomic News Announcements' European Financial Management, vol 17, no. 2, pp. 367-390. http://dx.doi.org/10.1111/j.1468-036X.2009.00512.x
2011 Gregory Koutmos, Johan Knif 'Exchange rate exposure in the pre- and post-Euro periods: Evidence from Finland' The European Journal of Finance, vol 17, no. 8, pp. 661-674. http://dx.doi.org/10.1080/1351847X.2010.543843
2011 Syed Mujahid Hussain 'The Intraday behaviour of Bid-Ask spreads, Trading Volume and Return Volatility: Evidence from DAX30' International Journal of Economics and Finance, vol 3, no. 1, pp. 23-34.
2011 Syed Mujahid Hussain 'Intraday Trading Volume and International Spillover Effects' Research in International Business and Finance, vol 25, no. 2, pp. 183-194. http://dx.doi.org/10.1016/j.ribaf.2010.09.002
2011 Kenneth Högholm, Johan Knif, Gregory Koutmos, Seppo Pynnönen 'Distributional asymmetry of loadings on market co-moments' Journal of International Financial Markets, Institutions & Money, vol 21, no. 5, pp. 851-866. http://dx.doi.org/10.1016/j.intfin.2011.06.006
2011 Kenneth Högholm, Johan Knif, Seppo Pynnönen 'Fund perfomance robustness - An evaluation using European large-cap equity funds' Frontiers in Finance and Economics, vol 8, no. 2, pp. 1-26.

2010

2010 Gonul Colak 'Diversification, Refocusing and Firm Value' European Financial Management, vol 16, no. 3, pp. 422-448. http://dx.doi.org/10.1111/eufm.2010.16.issue-3
2010 Eva Liljeblom, Mika Vaihekoski 'Who creates short-term pressure? An analysis of firms with different ownership structures' Liiketaloudellinen aikakauskirja, vol 59, no. 3, pp. 239-264.
2010 Nikolas Rokkanen 'With good reputation size does not matter: issue frequency and the determinants of debt maturity' Applied Financial Economics, vol 20, no. 9, pp. 701-718.
2010 Salla Pöyry, Benjamin Maury 'Influential Ownership and Capital Structure' Managerial and Decision Economics, vol 31, no. 5, pp. 311-324.
2010 Henrik Palmen 'Ledare: Finanstillsynens utmaningar i belysning av krisen' Ekonomiska Samfundets Tidskrift, vol 1/2010, pp. 3-4.
2010 Timo Korkeamäki, Eva Liljeblom, Daniel Pasternack 'Tax reform and payout policy: Do shareholder clienteles or payout policy adjust?' Journal of corporate finance, vol 16, no. 4, pp. 572-587. http://dx.doi.org/10.1016/j.jcorpfin.2009.12.003
2010 Jarkko Peltomäki, Emilia Vähämaa 'Style rotation and the performance of equity long/short hedge funds' Journal of Derivatives & Hedge Funds, vol 16, pp. 162-175. http://dx.doi.org/10.1057/jdhf.2010.12
2010 Emilia Vähämaa, Sami Vähämaa 'Female executives and earnings management' Managerial Finance, vol 36, no. 7, pp. 629-645. http://dx.doi.org/10.1108/03074351011050343
2010 Mikael Bask 'Measuring potential market risk' Journal of financial stability, vol 6, pp. 180-186. http://dx.doi.org/10.1016/j.jfs.2009.07.003
2010 Niklas Ahlgren, Jan Antell 'Stock Market Linkages and Financial Contagion' The Quarterly Review of Economics and Finance, vol 50, no. 2, pp. 10. http://dx.doi.org/10.1016/j.qref.2009.12.004

2009

2009 Anders Ekholm, Alexander von Nandelstadh 'Do Analysts Leak Information to Preferred Customers?' Corporate Ownership and Control, vol 6, no. 4, pp. 357.
2009 Mikael Bask 'Instrument Rules in Monetary Policy under Heterogeneity in Currency Trade' Journal of Economics and Business, vol 61, no. 2, pp. 97-111.
2009 Kenneth Högholm, Johan Knif 'The impact of portfolio aggregation on day-of-the-week effects' Global Finance Journal, vol 20, no. 1, pp. 67-79.
2009 Eva Liljeblom, Mika Vaihekoski 'Corporate ownership and managerial short-termism: results from a Finnish study of managerial perceptions' International journal of production economics, vol 117, pp. 427-438. http://dx.doi.org/10.1016/j.ijpe.2008.12.008
2009 Mikael Bask 'ANNOUNCEMENT EFFECTS ON EXCHANGE RATES' International journal of finance & economics, vol 14, no. 1, pp. 64-84. http://dx.doi.org/RePEc:ijf:ijfiec:v:14:y:2009:i:1:p:64-84
2009 Mats Hansson, Eva Liljeblom, Anders Löflund 'International bond diversification strategies: the impact of currency, country, and credit risk' The European Journal of Finance, vol 15, no. 5&6, pp. 555-583. http://dx.doi.org/10.1080/13518470902872376
2009 Mikael Bask, Jarko Fidrmuc 'Fundamentals and Technical Trading: Behavior of Exchange Rates in the CEECs' Open economies review, vol 20, no. 5, pp. 589-605. http://dx.doi.org/10.1007/s11079-008-9095-3
2009 Benjamin Maury, Eva Liljeblom 'Oligarchs, political regime changes, and firm valuation' Economics of transition, vol 17, no. 3, pp. 411-438.
2009 Jarkko Peltomäki, Emilia Vähämaa 'Is There Momentum in Cross-Sectional Anomalies?' The Journal of Wealth Management, vol 12, no. 3, pp. 78-88. http://dx.doi.org/10.3905/JWM.2009.12.3.078
2009 Andriy Andreev, Hans-Kristian Gunnar Sjöholm 'Projections of pension fund solvency under alternative valuation regimes' SCANDINAVIAN ACTUARIAL JOURNAL, no. 9, pp. 239-251. http://dx.doi.org/10.1080/03461230802281005
2009 Nikolas Rokkanen 'Lemmings in the Bond Market? An empirical Analysis of the Term Structure of Credit Spreads' Financial Markets and Portfolio Management, vol 23, no. 1, pp. 31-57.

2008

2008 Chris Yung, Gonul Colak, Wei Wang 'Cycles in the IPO market' Journal of Financial Economics, vol 89, no. 1, pp. 192-208. http://dx.doi.org/10.1016/j.jfineco.2007.06.007
2008 N. Ahlgren, J. Antell 'Bootstrap and Fast Double Bootstrap Tests of Cointegration Rank with Financial Time Series' Computational Statistics & Data Analysis, vol 52, pp. 4754-4767. http://dx.doi.org/10.1016/j.csda.2008.03.025
2008 Anders Ekholm, Daniel Pasternack 'Overconfidence and investor size' European Financial Management, vol 14, no. 1, pp. 82-98. http://dx.doi.org/10.1111/j.1468-036X.2007.00405.x
2008 Karl Felixson, Eva Liljeblom 'Evidence of ex-dividend trading by investor tax category' The European Journal of Finance, vol 14, no. 1, pp. 1-21. http://dx.doi.org/10.1080/13518470701773460
2008 Sheraz Ahmed 'Corporate Ownership, Control and the Informativeness of Disclosed Earnings in Russian Listed Firms' Corporate Ownership & Control, vol 6, no. 2, pp. 9-24.
2008 Sheraz Ahmed 'The Effect of 9/11 on the Stock Market Volatility Dynamics: Empirical Evidence from a Front Line State' International Research Journal of Finance and Economics, no. 16, pp. 71-83.
2008 Henrik Palmen 'Depression eller lågkonjunktur' Ekonomiska Samfundets Tidskrift,
2008 Henrik Palmen 'Bankreglering' Ekonomiska Samfundets Tidskrift, no. 1,
2008 Johan Knif, James Kolari, Seppo Pynnönen 'Stock market reaction to good and bad inflation news' The Journal of Financial Research, vol 31, no. 2, pp. 141-166.
2008 Gregory Koutmos, Johan Knif, George Philippatos 'Modeling common volatility characteristics and dynamic risk premia in European equity markets' The Quarterly Review of Economics and Finance, vol 48, pp. 567-578.
2008 Kari Kristian Harju, Syed Mujahid Hussain 'Intraday Return and Volatility Spillovers across International Equity Markets' International Research Journal of Finance and Economics, no. 22, pp. 205-220.

2007

2007 Gonul Colak, Toni M. Whited 'Spin-offs, Divestitures, and Conglomerate Investment' Review of Financial Studies, vol 20, no. 3, pp. 557-595. http://dx.doi.org/10.1093/rfs/hhl022
2007 Jan Antell, Mika Vaihekoski 'International asset pricing models and currency risk' Journal of Banking & Finance, vol 31, no. 9, pp. 2571-2590. http://dx.doi.org/10.1016/j.jbankfin.2006.09.013
2007 Erkki Veikko Nikoskelainen, M. Wright 'The Impact of Corporate Governance Mechanisms on Value Increase in Leveraged Buyouts' Journal of corporate finance, vol 13, no. 4, pp. 511-537.
2007 Henrik Palmen 'Ledare: Depression eller lågkonjunktur – beror på hur bankregleringen lyckas' Ekonomiska Samfundets Tidskrift, vol 1/2007, pp. 1-2.
2007 Johan Knif, Seppo Pynnönen 'Volatility driven changes in stock return correlation dynamics' Managerial Finance, vol 33, no. 3, pp. 220-235.
2007 Timo Korkeamäki, Vesa Puttonen, Tom Smythe 'Advertising and mutual fund asset flows' International Journal of Bank Marketing, vol 25, no. 7, pp. 434-451. http://dx.doi.org/10.1108/02652320710832603
2007 Timo Korkeamäki, Yrjö Koskinen, Tuomas Takalo 'Phoenix rising: Legal reforms and changes in valuations in Finland during the conomic crisis' Journal of Financial Stability, vol 3, no. 1, pp. 33-58.

2006

2006 B Maury 'Family ownership and firm performance' Journal of corporate finance, vol 12, no. 2, pp. 321-341. http://dx.doi.org/10.1016/j.jcorpfin.2005.02.002
2006 Benjamin Maury 'Corporate Performance, Corporate Governance, and Top Executive Turnover in Finland' European Financial Management, vol 12, no. 2, pp. 221-248.
2006 A Ekholm 'How do different types of investors react to new earnings information?' Journal of Business Finance & Accounting, vol 33, no. (1)&(2), pp. 127-144. http://dx.doi.org/10.1111/j.1468-5957.2006.01360.x
2006 Erkki Veikko Nikoskelainen 'The operating characteristics of leveraged buyouts' Liiketaloudellinen aikakauskirja, no. 3/2006,
2006 E Liljeblom, D Pasternack 'Share repurchases, dividends and executive options: The effect of dividend protection' European Financial Management, vol 12, no. 1, pp. 7-28.
2006 Eva Liljeblom, Anders Löflund 'Developments in Corporate Governance in Finland' International Journal of Disclosure and Governance, vol 3, no. 4, pp. 277-287.
2006 Anders Wilhelmsson 'Garch forecasting performance under different distribution assumptions' Journal of Forecasting, vol 25, no. 8, pp. 561-578.

2005

2005 Timo Korkeamäki, William T. Moore 'Call Protection in Convertible Bonds: How Much and Why?' Journal of Investment Management, vol 3, no. 3, pp. 21-30.
2005 Henrik Palmen 'Ledare: Strejker och politik' Ekonomiska Samfundets Tidskrift, vol 3/2005, pp. 123-124.

2004

2004 Timo Korkeamäki, William T. Moore 'Convertible Bond Design and Capital Investment: The Role of Call Provisions' The Journal of Finance, vol 59, no. 1, pp. 391-405. http://dx.doi.org/10.1111/j.1540-6261.2004.00636.x
2004 Timo Korkeamäki, William T. Moore 'Capital Investment Timing and Convertible Debt Financing' International Review of Economics & Finance, vol 13, no. 1, pp. 75-85. http://dx.doi.org/10.1016/S1059-0560(03)00034-0

2002

2002 Niklas Ahlgren, Jan Antell 'Testing for cointegration between international stock prices' Applied Financial Economics, vol 12, no. 12, pp. 851-861. http://dx.doi.org/10.1080/09603100110050743