Matti Keloharju
Eero Kasanen 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
“Do investors buy what they know? Product market choices and investment decisions”, Review of Financial Studies, 25(10), 2921-2958, 2012, with Samuli Knüpfer and Juhani Linnainmaa. Lead article.
“IQ, trading behavior, and performance”, Journal of Financial Economics, 104(2), 339-362, 2012, 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, 2011, 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, lectures
Advanced Corporate Finance, lectures
Master’s Thesis Seminar
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