Minna Martikainen-Peltola

Minna Martikainen-Peltola

Professor i redovisning
Mobile phone: 
+358 40 352 1460
Hanken phone: 
Postal address: 
PB 479

Accounting (Helsinki)


Redovisning (Helsingfors)

Office hours:
Please agree on a meeting via e-mail
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  • 512 Företagsekonomi
Short CV:

Dr. Minna Martikainen is a professor of financial accounting and dean for education in Hanken School of Economics (Finland). She has recently been appointed as director for Hanken Corporate Governance Center (8/2018-) and chairperson for Nordic Corporate Governance Network (4/2018-). Moreover, she is in scientific advisory board for ACRN Oxford academic research network in University of Oxford and board member (6/2016 -) and president (2017/2018) in Multinational Finance Society. Previously she served State Pension Fund of Finland board member for period 2012-2018, and directed the Northern Dimension Institute (2009-2012) for the task to promote and increase the international university co-operation in Europe. Previously she has worked as professor in Aalto University School of Business, in Lappeenranta University of Technology (LUT), in University of Vaasa as researcher and as visiting researcher in Louisiana State University, USA. In LUT she also worked as the vice rector for international affairs. Dr. Martikainen's research interests include profitability and growth of firms, especially in SMEs, corporate governance and ownership structures, disclosures, insider trading, earnings management, firm valuation and information content of earnings figures. Martikainen also has wide international experience in managing and developing cross scientific research projects to increase university co-operation. She has been leader for several Academy of Finland research projects. 


Doctor of Science (Economics and Business Administration), Business Economics, Vasa universitet, Finland, 1998


Ekon. dr, företagsekonomi, Vasa universitet, Finland, 1998

Highlighted publications

Jyri Kinnunen, Minna Martikainen 2016, 'Expected Returns and Idiosyncratic Risk: Industry-level Evidence from Russia' Emerging Markets Finance and Trade, vol 53, no. 11, pp. 2528-2544 . http://dx.doi.org/10.1080/1540496X.2016.1210509
Jyri Kinnunen, Minna Martikainen-Peltola, Juha-Pekka Kallunki, Jenni Mikkonen 2016, 'Insider trading and earnings management: A cross-country comparison'
Minna Martikainen, Juha Kinnunen, Antti Miihkinen, Pontus Troberg 2015, 'Board’s Financial Incentives, Competence, and Firm Risk Disclosure: Evidence from Finnish index listed companies' Journal of Applied Accounting Research, vol 16, no. 3, pp. 333-358. http://dx.doi.org/10.1108/JAAR-10-2014-0117
Jyri Kinnunen, Minna Martikainen-Peltola 2015, 'Expected returns and idiosyncratic risk'
Sanna Hämäläinen, Minna Martikainen 2015, 'Foreign Direct Investments Affecting Accounting Quality in Transitional Economies of Europe' International Journal of Business Innovation and Research, vol 9, no. 3, pp. 295-310. http://dx.doi.org/10.1504/IJBIR.2015.069139
Juha-Pekka Kallunki, Jyri Kinnunen, Minna Martikainen 2015, 'Insider trading returns: Does country-level governance matter?'
Juha Soininen, Minna Martikainen, Kaisu Puumalainen , Kalevi Kyläheiko 2012, 'Entrepreneurial orientation: Growth and profitability of Finnish small- and medium-sized enterprises' International journal of production economics, vol 140, no. 2, pp. 614-621. http://dx.doi.org/10.1016/j.ijpe.2011.05.029
Mats Erkki Hansson, Eva Liljeblom, Minna Martikainen 2011, 'Corporate Governance and Profitability in Famliy SMEs' The European Journal of Finance, vol 17, no. 5-6, pp. 391-408. http://dx.doi.org/10.1080/1351847X.2010.543842
Minna Martikainen, Jussi Nikkinen, Sami Vähämaa 2009, 'Production functions and productivity of family firms: evidence from the S&P 500' The Quarterly Review of Economics and Finance, vol 49, no. 2, pp. 295-307. http://dx.doi.org/10.1016/j.qref.2007.11.001
Minna Martikainen, Juha-Pekka Kallunki, Pasi Karjalainen 2005, 'Investments in Human Capital in Different Institutional Environments' Advances in International Accounting, vol 18, pp. 121-140. http://dx.doi.org/10.1016/S0897-3660(05)18006-4
Yonca Ertimur, Joshua Livnat, Minna Martikainen 2003, 'Differential Market Reactions to Revenue and Expense Surprices' Review of Accounting Studies, vol 8, no. 2, pp. 185-211. http://dx.doi.org/10.1023/A:1024409311267
Juha-Pekka Kallunki, Minna Martikainen 2003, 'Earnings management as a predictor of future profitability of Finnish firms' European Accounting Review, vol 12, no. 2, pp. 311-325. http://dx.doi.org/10.1080/0963818032000089409
Juha-Pekka Kallunki, Minna Martikainen 1999, 'Do firms use industry-wide targets when managing earnings? Finnish evidence.' The International Journal of Accounting, vol 34, no. 2, pp. 249-259. http://dx.doi.org/10.1016/S0020-7063(99)00004-7
Minna Martikainen, Juha-Pekka Kallunki, Teppo Martikainen 1998, 'Accounting income, income components and market-to-book equity ratios : Finnish evidence' The International Journal of Accounting, vol 33, no. 3, pp. 359-375. http://dx.doi.org/10.1016/S0020-7063(98)90037-1
Minna Martikainen 1997, 'Accounting losses ad earnings response coefficients: The impact of leverage and growth opportunities' Journal of Business Finance & Accounting, vol 24, no. 2, pp. 277-291. http://dx.doi.org/10.1111/1468-5957.00105
Minna Martikainen 1997, 'Accounting losses and investors' growth opportunities' International Review of Financial Analysis, vol 6, no. 2, pp. 97-105. http://dx.doi.org/10.1016/S1057-5219(97)90010-7