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Center for Markets in Transition CEMAT

Center for Markets in Transition CEMAT

The Center for Markets in Transition (CEMAT) of the Aalto University School of Business is a research center conducting academic and applied research specializing in Russian economy and business environment. 

CEMAT St Petersburg
St Petersburg novo konyushennyi most


CEMAT has an established track record on research on corruption, offshore FDI, innovation & technology entrepreneurship, and business strategies in Russia. CEMAT also contributes to the society both in Finland and internationally through research-based expertise. Forms of contribution are manifold including knowledge sharing events, invited speaker and advisor roles, participation in working groups, and media presentations. In addition, CEMAT hosts the Strategic Research Programme Director for “Security in a Networked World" and "Urbanising Society" programmes of the Academy of Finland.

Latest publications

Center for Markets in Transition (CEMAT)

It's all about family! Male technology entrepreneurs constructing their identities between family and business

Publishing year: 2018
Center for Markets in Transition (CEMAT), Department of Management Studies

Let's Talk about Language

Publishing year: 2018 Journal of Management Studies
Department of Management Studies, Center for Markets in Transition (CEMAT)

"English as corporate language" in the multilingual reality of multinational companies

Center for Markets in Transition (CEMAT)

The Darker Side of Social Networks in Transforming Economies

Publishing year: 2018 Management and Organization Review
Center for Markets in Transition (CEMAT)

The impact of climate change on regional government expenditures: evidence from Russia

Publishing year: 2017 Environmental and Resource Economics
Center for Markets in Transition (CEMAT)

A review of research on corruption and its philosophical assumptions in top international business and management journals

Publishing year: 2017
Center for Markets in Transition (CEMAT)

Identity work of science-based entrepreneurs in Finland and in Russia

Publishing year: 2017 Entrepreneurship and Regional Development
Center for Markets in Transition (CEMAT), Department of Management Studies

(Re-) conceptualizing the MNC as a multilingual organization: Insights from sociolinguistics

Publishing year: 2017
Center for Markets in Transition (CEMAT), Department of Management Studies

Towards inclusive and participatory language policies in multinational corporations: A sociolinguistic approach

Publishing year: 2017
Center for Markets in Transition (CEMAT), Department of Economics

Weather as a Competitive Factor between Local and Foreign Manufacturing Companies in Russia

Publishing year: 2016 Journal of Industry, Competition and Trade
More information on our research in the Research database.
Research database
Northern Dimension Institute Banner

Northern Dimension Institute

CEMAT is the lead coordinator of the Northern Dimension Institute (NDI), which is an open university network. The NDI prepares Northern Dimension-related studies and reports, and coordinates the collection of funding for research projects. The Northern Dimension (ND) is a joint policy of four equal partners: the European Union (EU), Russian Federation, Norway and Iceland. NDI is an academic partner in the ND structures.

Finrusresearch website


Finrusresearch website aims to support exchange of information between Finnish universities and research institutes conducting research on Russia, and Finnish companies oriented towards the Russian market. The website is provided by Working Group for Social Sciences under the Finnish-Russian Commission for Scientific and Technological Cooperation (financed by the Academy of Finland) and it is maintained by Aalto University School of Business Center for Markets in Transition (CEMAT).

Audience Northern Dimension Future Forum on Culture in St Petersburg 2018

CEMAT organized four Northern Dimension Future Forums

CEMAT as a Northern Dimension Institute lead coordinator organized four Northern Dimension Future Forums in November 2018.


Aalto University, School of Business
Center for Markets in Transition (CEMAT)

Postal address: P.O. Box 21210, FI-00076 AALTO, Finland
Visiting address: Otaniementie 14, FI-02150 Espoo, Finland

Switchboard: +358 9 47001
Tel +358 40 353 8149
Fax +358 9 470 38706
[email protected]
[email protected] (staff)


Riitta Kosonen, D.Sc. (Econ.) Prof., Director
[email protected], tel. +358 50 402 7079

Päivi Karhunen, D.Sc. (Econ.) Research Manager
[email protected], tel. +358 50 387 8159

Minna Hanhijärvi, M.Soc.Sc, Project Manager
[email protected], tel. +358 50 574 5017

Otto Kupi, M.Sc. (Econ.) Project Coordinator
[email protected], +358 40 353 8149

Hanna-Elina Koivisto, MA, Project Coordinator
[email protected], tel. +358 40 353 8150


Occupy Earth exhibition
Exhibitions and fairs

Occupy Earth course explores the polarized discussions of climates

A collaborative exhibition by students from Aalto University and Parsons School of Design at Harald Herlin Learning Center and Väre Galleries.
Lectures and seminars

Visiting lecture: Akira Minagawa and ‘minä perhonen’

'minä perhonen’ is a fashion and textile design brand founded in 1995 by designer Akira Minagawa to produce clothes that do not lose their allure through the lapse of time.
Otaniemi park
Conferences and workshops

Aalto University Summer School on Transportation

An intensive learning experience for professionals and graduate students in the field of transportation and urban planning: lectures, workshops and site visits.

Ceremonial Conferment of Doctoral Degrees in Technology

Ceremonial conferment at Aalto University will take place during the Ceremony Week in June 2019 at Dipoli.


All the NDI Think Tank kickoff participants at Aalto University
Cooperation, University Published:

EU funded NDI Think Tank Action launched at Aalto University

The 3-year Action will serve the information needs of the four Northern Dimension partnerships between the EU, Norway, Iceland and Russia.
Research & Art Published:

Dissertation: Mailing letters increased social benefit take-up

Households that received a directed mailing informing them of the guarantee pension program were faster and 50 % more likely to apply for the benefit than households that relied only on public information.
Appointments Published:

Professor Otto Toivanen and Professor Hannu Vartiainen to lead Helsinki Graduate School of Economics

The Governing Board of Helsinki GSE has selected Professor Toivanen to be Academic Director and Professor Vartiainen to be Academic Deputy Director.
Appointments Published:

Board chosen for Helsinki Graduate School of Economics

Erkki Liikanen, the Governor of the Bank of Finland has agreed to serve as the chair of the board of the Helsinki Graduate School of Economics (Helsinki GSE)

School of Business

At the School of Business, we work for better business and a better society. We educate experts and leaders for the future and contribute to society through impactful research, long-term partnerships and societal engagement. We are one of the leading business schools in Europe. 

Read more about the School of Business
The photo shows students at the new School of Business / Photo: Roope Kiviranta
Updated 6.3.2019
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