Matti Keloharju
Professor of Finance
Room: G-205 (Chydenia 2nd floor)
Office hours: Fridays 12:15 - 13:15
Tel: +358 40 353 8043
Email: matti.keloharju [at] aalto [dot] fi
Research
“From customers to shareholders: The effect of product market choices on investment decisions”, University of Chicago working paper, 2010, with Samuli Knüpfer and Juhani Linnainmaa.
“IQ, trading behavior, and performance”, Journal of Financial Economics, forthcoming, with Mark Grinblatt and Juhani Linnainmaa. Winner of Best Conference Paper Award at the 2010 European Finance Association Conference. (Previously titled: "Do smart investors outperform dumb investors?")
“IQ and stock market participation”, Journal of Finance, 66(6), 2121-2164, with Mark Grinblatt and Juhani Linnainmaa.
“Sensation seeking, overconfidence, and trading activity”, Journal of Finance 64(2), 549-578, 2009, with Mark Grinblatt. Lead article.
“Social influence and consumption: Evidence from the automobile purchases of neighbors”, Review of Economics and Statistics 90(4), 735–753, 2008, with Mark Grinblatt and Seppo Ikäheimo.
“What's new in finance?”, European Financial Management 14(3), 564-608, 2008.
“Do retail incentives work in privatizations?”, Review of Financial Studies 21, 2061-2095, 2008, with Samuli Knüpfer and Sami Torstila.
“Strategic behavior and underpricing in uniform price auctions: Evidence from Finnish treasury auctions”, Journal of Finance 60, 1865-1902, 2005, with Kjell G. Nyborg and Kristian Rydqvist.
“Tax-loss trading and wash sales”, Journal of Financial Economics 71, 51-76, 2004, with Mark Grinblatt.
“What makes investors trade?”, Journal of Finance 56, 589-616, 2001, with Mark Grinblatt. Winner of Smith Breeden Distinguished Paper prize.
“How distance, language, and culture influence stockholdings and trades”, Journal of Finance 56, 1053-1073, 2001, with Mark Grinblatt.
“The investment behavior and performance of various investor types: A study of Finland's unique data set”, Journal of Financial Economics 55, 43-67, 2000, with Mark Grinblatt.
“Why do firms raise foreign currency denominated debt? Evidence from Finland”, European Financial Management 7, 481-496, 2001, with Mervi Niskanen. Winner of EFM 2001 Best Paper Award.
“A descriptive analysis of the Finnish treasury bond market 1991-99”, Finnish Journal of Business Economics 51, 259-279, 2002, with Markku Malkamäki, Kjell G. Nyborg, and Kristian Rydqvist.
“Shareownership in Finland 2000”, Finnish Journal of Business Economics 50, 188-226, 2001, with Jussi Karhunen.
Teaching
Corporate Finance
Advanced Corporate Finance
Master’s Thesis Seminar
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