A selection of publications from the Department of Finance.

Keloharju, Matti, Juhani Linnainmaa and Peter Nyberg, 2016, "Return Seasonalities”, Journal of Finance, 71(4), 1557-1590.

Grinblatt Mark, Seppo Ikäheimo, Matti Keloharju and Samuli Knüpfer, 2016, "IQ and Mutual Fund Choice", Management Science, 62(4), 924-944.

Kaustia, Markku, Samuli Knüpfer and Sami Torstila, 2016, “Stock ownership and political behavior: Evidence from demutualizations”. Management Science, 62(4), 946-963.

Kaustia, Markku and Ville Rantala, 2015, “Social learning and corporate peer effects”, Journal of Financial Economics 117(3), 653-669.

Lof, Matthijs, 2015, Rational Speculators, Contrarians and Excess Volatility, Management Science 61, 1889 - 1901.

Kokkonen, Joni and Matti Suominen, 2015, “Hedge funds and stock market efficiency”, Management Science 61(12), 2890-2904.

Jylhä, Petri, Kalle Rinne and Matti Suominen, 2014, “Do hedge funds supply or demand liquidity”, Review of Finance 18(4), 1259-1298.

Nyberg, Peter and Salla Pöyry, 2014, Firm Expansion and stock price momentum, Review of Finance, 4(8), 1465-1505.

Dass, Nishant, Omesh Kini, Vikram Nanda, Bunyamin Onal and Jun Wang, 2014, "Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap?", The Review of Financial Studies, 27(5), 1533-1592.

Laamanen, Tomi, Simula, Tatu ja Sami Torstila, 2012, Cross-border relocations of headquarters in Europe, Journal of International Business studies, 43, 187-210.

Kaustia, Markku and Samuli Knüpfer, 2012, Peer performance and stock market entry, Journal of Financial Economics 104, 321-338

Fulghieri, Paolo and Matti Suominen, 2012, Corporate governance, finance, and the real sector, Journal of Financial and Quantitative Analysis 47(6), 1187-1214.

Keloharju, Matti, Samuli Knüpfer, and Juhani Linnainmaa, 2012, Do Investors buy what they know? Product market choices and investment decisions, Review of Financial Studies 25(10), 2921-2958.

Grinblatt, Mark, Matti Keloharju, and Juhani Linnainmaa, 2012, IQ, trading behavior, and performance, Journal of Financial Economics, 104(2), 339-362.

Grinblatt, Mark, Matti Keloharju, and Juhani Linnainmaa, 2011, IQ and stock market participation, Journal of Finance 66(6), 2121-2164.

Kaustia, Markku and Sami Torstila, 2011, Stock market aversion? Political preferences and stock market participation, Journal of Financial Economics 100(1), 98-112.

Jylhä, Petri and Matti Suominen, 2011, Speculative capital and currency carry trades, Journal of Financial Economics 99(1), 60-75.

Kaustia, Markku, 2010, Prospect theory and the disposition effect, Journal of Financial and Quantitative Analysis 45(3), 791-812.

Grinblatt, Mark and Matti Keloharju, 2009, Sensation seeking, overconfidence, and trading activity, Journal of Finance 64(2), 549-578. Lead article.

Kaustia, Markku, and Samuli Knüpfer, 2008, Do investors overweight personal experience? Evidence from IPO subscriptions, Journal of Finance 63(6), 2679-2702.

Grinblatt, Mark, Matti Keloharju, and Seppo Ikäheimo, 2008, Social influence and consumption: Evidence from the automobile purchases of neighbors, Review of Economics and Statistics 90(4), 735–753.

Keloharju, Matti, Samuli Knüpfer, and Sami Torstila, 2008, Do retail incentives work in privatizations?, Review of Financial Studies 21(2), 2061-2095.

Rantapuska, Elias, 2008, Ex-dividend day trading: who, how, and why? Evidence from the Finnish market, Journal of Financial Economics 88(2), 355-374.

Keloharju, Matti, Kjell Nyborg, and Kristian Rydqvist, 2005, Strategic behavior and underpricing in uniform price auctions: Evidence from Finnish treasury auctions, Journal of Finance 60(4), 1865-1902.

Grinblatt, Mark and Matti Keloharju, 2004, Tax-loss trading and wash sales, Journal of Financial Economics 71(1), 51-76.

Torstila, Sami, 2003, The clustering of IPO gross spreads: International evidence, Journal of Financial and Quantitative Analysis 38(3), 673-694.

Booth, G. Geoffrey, Ji-Chai Lin, Teppo Martikainen, and Yiuman Tse, 2002, Trading and pricing in upstairs and downstairs stock markets, Review of Financial Studies 15(4), 1111-1135.

Grinblatt, Mark and Matti Keloharju, 2001, How distance, language and culture influence stockholdings and trades, Journal of Finance 56(3), 1053-1073.

Grinblatt, Mark and Matti Keloharju, 2001, What makes investors trade?, Journal of Finance 56(2), 589-616. Winner of a Smith Breeden Distinguished Paper prize.

Suominen, Matti, 2001, Trading volume and information revelation in stock markets, Journal of Financial and Quantitative Analysis 36(4), 546-565.

Grinblatt, Mark and Matti Keloharju, 2000, The investment behavior and performance of various investor types: a study of Finland´s unique data set, Journal of Financial Economics 55(1), 43-67.

Booth, G. Geoffrey, Mustafa Chowdhury, Teppo Martikainen, and Yiuman Tse, 1997, Intraday volatility in international stock index futures markets: Meteor showers or heat waves?, Management Science 43(11), 1564-1576.

Booth, G. Geoffrey, John Broussard, Teppo Martikainen, and Vesa Puttonen, 1997, Prudent margin levels in the Finnish stock index futures market, Management Science 43(8), 1177-1188.

Kasanen, Eero, Juha Kinnunen, and Jyrki Niskanen, 1996, Dividend-based earnings management: empirical evidence from Finland, Journal of Accounting and Economics 22(1-3), 313-325.

Jokivuolle, Esa, 1995, Measuring True Stock Index Value in the Presence of Infrequent Trading, Journal of Financial and Quantitative Analysis 30(3), 455-464.

Keloharju, Matti, 1993, The winner's curse, legal liability and the long-term price performance of initial public offerings in Finland, Journal of Financial Economics 34(2), 251-277.

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