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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).

Conference: Sustainable Urbanisation – bridging the development and growth, 14 May 2019

Conference: Sustainable Urbanisation – bridging the development and growth Date: 14 May 2019 at 10:00-17:30 Venue: Aalto University, Dipoli

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Dipoli Käpy sisäänkäynti Kuva: Tuomas Uusheimo / Aalto-yliopisto
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

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


Opiskelijat pyöräilevät Väreen edessä

Academic Bicycle Challenge in May for the Aalto community

Sign up to take part in the new international cycling contest for universities and colleges.
Final Show
Exhibitions and fairs

Design for Government 2019 Final Show

Interested in new and proactive ways of policy-making and public service-provision? What happens when multidisciplinary student teams take on policy design challenges? The 2019 Spring Final Show of the Design for Government course will showcase some inspiring examples! Highly-committed and talented student teams will present their research and proposals developed during the 14-week course addressing challenging project briefs commissioned from within the Finnish government.
Sustainability in Filmmaking
Lectures and seminars

SUFI Sustainability in Filmmaking seminar

What is the environmental burden of film productions? Why is it important to take action on the matter (in Finland)? How big is the carbon footprint of a film production? What does "sustainable production" mean?
Lapsia laboratoriossa Aalto-yliopisto Juniorin perhepäivänä vuonna 2018 / Kuva: Aino Huovio

Aalto University Junior’s Family Day

When only curiosity is the limit, you can do almost anything! Aalto University Junior organizes The Family Day in May.


Aalto University / Emma Nordbäck / photo: Iiro Immonen
Research & Art Published:

Emma Nordbäck believes that anyone can find their passion through doctoral studies

Doctor of Science (Technology) Emma Nordbäck, whose doctoral degree will be conferred in the ceremonial conferment in June, found a way to combine technology and humanities and now studies virtual work methods.
Academy of Finland's profile funding 2019, photo Mikko Raskinen
Research & Art, University Published:

Aalto granted EUR 10.4 million for profiling by Academy of Finland

Aalto University’s application was ranked number one by the international peer expert panel.
Researchers Salmivaara and Kibler
Press releases, Research & Art Published:

What does entrepreneurship mean for sustainable development? 3 distinct things, according to EU policy

Mixed meanings may muddy take-aways for firms and national governments
Apulaisprofessori Max Finne. Kuva: Jaakko Kahilaniemi / Aalto-yliopisto
Research & Art Published:

Max Finne: I aim for breakthroughs by developing research on service productivity

Additionally, the Assistant Professor of Information and Service Management continuously strives to grow as a teacher, lecturer and company management trainer.

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
School of Business Ekonominaukio 1 lower level Photo: Mikko Raskinen
Updated 12.4.2019
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