Department of Finance

Finance Brown Bag Seminar

The Finance Brown Bag Lunch Seminar is held in lecture hall T004 on Wednesdays from 12:15 to 13:00 (unless announced differently in the table below). The Seminar is organized by Dr. Andrew Conlin. All questions related to the seminar can be addressed to him.

Finance Brown Bag Seminar Schedule

 
Date Presenter Paper

13.3.2024

In lecture hall U006

Carsten Gero Bienz (NHH, Norwegian School of Economics)

Cornerstone Investors

20.3.2024

In lecture hall U006

Michael Ungeheuer (Aalto University)  A Cognitive Foundation for Perceiving Uncertainty

5.4.2024

Exceptionally on Friday

In lecture hall T003

Tarun Chordia (Emory University) Beauty Contents and Higher Order Beliefs: Evidence from News Releases

10.4.2024

In lecture hall V002

Matthijs Lof Assessing Beta Estimates
17.4.204 Matteo Vacca (Aalto University) Striking Out: Biases and Losses of Retail Option Traders

Past seminars

 
Date Presenter Paper
18.12.2023 Pekka Honkanen (University of Georgia) Intermediation and Frictions in Equity Swap Markets
29.11.2023 Paul Rintamäki (Aalto University) Nonbank direct lending
22.11.2023 Marco Lambrecht (Hanken)  On the benefits of robo-advice in financial markets
15.11.2023 Elias Rantapuska (Aalto University) What Matters to Individual Investors in a Welfare State?
1.11.2023 Anniina Korhonen (Aalto University) Do firms benefit from committing to emission reductions?
25.10.2023 Jingshu Wen (Saïd Business School) Connections over Competence: The Impact of Political Ties on Sell-Side Research
4.10. 2023 Sinh Thoi Mai (Hanken) Financial uncertainty and the cross-section of crypto currency returns
2.10.2023 Samuel Hartzmark (Boston College) Eliciting Returns
27.9.2023 Sina Seyfi (Aalto University) Basis Portfolios
6.9.2023 Klaus Grobys (University of Vaasa) A Common Exponent Governing Foreign Exchange Rate Risk
9.6.2023 Mathias Kronlund (Tulane University)  Growth-promoting bonuses and Mergers and Acquisitions (co-authored with Tor-Erik Bakke, Hamed Mahmudi, and Aazam Virani)
5.5.2023 Renée Adams (University of Oxford) Drawing a Line: The Impact of “Blind” Auctions on Female Artists
14.4.2023 Tarun Chordia (Emory University) Biased Expectations and Default Risk in the Municipal Bond Market
5.4.2023 Markus Sihvonen (Bank of Finland) Bond Convenience Curves and Funding Costs (with Juuso Nissinen)
29.3.2023 Matteo Vacca (Aalto University) Insider trading with options
15.3.2023 Martin Ruckes (Karlsruhe Institute of Technology) Picking Winners: Managerial Ability and Capital Allocation
8.3.2023 Sina Seyfi (Aalto University) Essence of the Cross Section
15.2.2023 Matti Keloharju (Aalto University) Value-Driven Bankers and the Granting of Credit to Green Firms
8.2.2023 Petra Vokata (Ohio State University) Salient Attributes and Household Demand for Security Designs
29.11.2022 Andrew Conlin (University of Oulu) Gender differences in the relationships between personality traits and risk tolerance
18.11.2022 Jussi Lindgren (Ministry of Finance, Finland) A generalized model for pricing financial derivatives consistent with efficient markets hypothesis – a refinement of the BlackScholes model
9.11.2022 Yuekun Liu (Aalto University) Multi-Factor Timing: Measures and their Application to Hedge Funds 
2.11.2022 Teodor Duevski (HEC Paris)  Exploration-Exploitation and Agency issues in Private Equity
12.10.2022 Sina Seyfi (Aalto University) Neighbouring Assets
24.8.2022 Mikael Paaso (Erasmus University Rotterdam) Decomposing Partisan Investment
16.8.2022 Zhi Da (University of Notre Dame) Do Hedge Funds Strategically Misreport Their Holdings? Evidence from 13F Restatements
14.6.2022 Erkki Vihriälä (Aalto University) (Not) Anticipating Inheritances
8.6.2022 Olga Balakina (Aarhus University) Good peers, good apples: peer effects lead to better financial outcomes
22.4.2022 Tarun Chordia (Emory University) True Liquidity and Fundamental Prices: US Tick Size Pilot
23.2.2022  Katia Vozian (Hanken School of Economics; European Central Bank) Financing the low-carbon transition in Europe
19.1.2022 Juuso Nissinen (Aalto University) Global Fixed Income Prices and Funding Currency
15.12.2021 Adrian Braun (University of Lapland) Circular Economy on the agenda of cities and municipalities in the High North – Taking policies to implementation by utilizing sustainable investments
8.12.2021 Magnus Blomkvist (Audencia Business School)

Do Venture Capitalists Continue to Create Value after the IPO?

(Joint work w/ Anup Basnet - University of Surrey; Douglas Cumming - Florida Atlantic University)

3.11.2021 Niilo Luotonen (Aalto University) Early indicators of household financial distress: Register-based evidence from educational performance
13.10.2021 Michael Ungeheuer (Aalto University) The Frequency of Outperformance and Financial Markets
29.9.2021 Paul Rintamäki (Aalto University) Comprehensive evaluation of wealth effects on local labor market outcomes
22.9.2021 Michael Ungeheuer (Aalto University) Like Moths to a Flame: Research Plan for a Field Experiment
18.8.2021  Wenjia Yu (Aalto University) Do fund flows react to non-fundamental ESG information? Evidence from Morningstar’s sustainability criteria change
16.6.2021 Minsu Ko (Ohio State University) Aging of ownership and corporate risk-taking
28.4.2021 Paul Rintamäki (Aalto University) Equity share cycle
7.4.2021 Abu Chowdhurya (University of Turku) Are Mondays Different? Evidence from Initial Public Offerings (with Mika Vaihekoski, University of Turku; Mir Zaman, University of Northern Iowa)
31.3.2021 Matti Suominen (Aalto University) Boundaries of Momentum - Equity and Bond Returns Over the Business Cycle
3.3.2021 Juuso Nissinen (Aalto University) Currency Carry Trades and Global Funding Risk (with Sara Ferreira Filipe and Matti Suominen)
14.10.2020 Mikael Paaso (Rotterdam School of Management) Trust in Finance and Consumer Fintech Adoption (Deniz Okat, Mikael Paaso and Vesa Pursiainen)
30.9.2020 Ole Nielsen (Aarhus University) Hedge fund selection: Best athletes or portfolio gains?
23.9.2020 Theresa Spickers (Aalto University) The Financial Expert in Your Family
9.9.2020 Theresa Spickers (Aalto University) Financial Socialization, Pocket Money, and Financial Risk-Taking
11.3.2020 Michael Ungeheuer (Aalto University) Growth Expectations out of WACC
14.2.2020 Dinh-Vinh Vo (Lund University) The Response of Exchange Rates to Central Bank Communication: A Textual Analysis Approach
12.2.2020 Ivika Jäger (Stockholm School of Economics) The Impact of Automated Information Acquisition on the Stock Market
29.1.2020 Sean Shin (Aalto University) The More Illiquid, The More Expensive: A Search-Based Explanation of Illiquidity Premium
22.1.2020 Matthijs Lof (Aalto University) Mind the Basel Gap
27.11.2019 Erkki Vihriälä (University of Oxford) Limited demand for flexibility - commitment, inertia and inattention in debt repayment
6.11.2019 Gonul Colak (Hanken School of Economics) Effective Defense Tactic or Obstacle to Change? The Role of Investor Relations in Activism Campaigns
1.11.2019 Jessica Pély  (LMU Munich) M&A Motives, Managerial Ambiguity, and Takeover Performance
8.10.2019 Claus Munk (Copenhagen Business School) The design and welfare implications of mandatory pension plans
28.8.2019 Nikolas Breitkopf
(Ludwig Maximilian University of Munich)
Creating Data-Driven Context-Specific Dictionaries for Sentiment Analysis in Finance
16.8.2019 Renée Adams (University of Oxford) Financing Legislators
14.8.2019 Zhi Da (University of Notre Dame) Extrapolative Beliefs in the Cross-Section: What Can We Learn from the Crowds?
22.5.2019 Kristian Miltersen (Copenhagen Business School) The Tax Asymmetry Motive to Hold Corporate Cash, with Jens Dick-Nielsen and Ramona Westermann
15.5.2019 Michael Ungeheuer (Aalto University) In the spotlight: Close-to-Close Returns, Institutional Information Acquisition, and Trading
8.5.2019 Fabian Brunner (University of Mannheim) Reference-dependent return chasing: alpha, losses and fund flows
24.4.2019 Henry Jarva (Aalto University, Department of Accounting) The Determinants of CEO Tenure
17.4.2019 Tarun Chordia (Emory University) The Revealed Preferences of Mutual Fund Managers
10.4.2019 Daniel Hauser (Aalto University, Department of Economics) Social Learning with Model Misspecification: A Framework and A Characterization.
27.3.2019 Jari Karppinen (University of Oulu) What do hedge funds say?
27.2.2019 Ellapulli Vasudevan (Aalto University) Learning to be a short-term investor? Stock specialization and the investment horizon
9.1.2019 Erkki Vihriälä  (University of Oxford) Untangling the credit card debt puzzle – persistence, reaction to new liquidity and intra-household optimization
13.12.2018 Samuli Knüpfer (BI Norwegian Business School)  
12.12.2018 Mikael Paaso (Aalto University) Extrapolation and Real Investment
21.11.2018 Antti Suhonen (Aalto University) A decade of alternative risk premia investing
31.10.2018 Pekka Honkanen (HEC Paris) Securities lending by active and passive funds
3.10.2018 Matthijs Lof (Aalto University) Expected Returns and Expected Dividend Growth: A Local Projection Approach
19.9.2018 Matias Möttölä (MorningStar, CFA Finland) Fixed-income managers' odds of success and other Morningstar research
7.6.2018 Renée Adams
(University of New South Wales)
Unsuccessful Teams
17.5.2018 Theresa Spickers
(Ludwig Maximilian University of Munich)
Stress test: Do investors' stress levels affect trading and prices?
16.5.2018 Mikael Paaso
(Aalto University)
Preliminary work examining the causal relationship between corporate cash holdings and agency problems
30.4.2018 Allaudeen Hameed
(National University of Singapore)
Mispriced Stocks, Option Trading, and Return Predictability
25.4.2018 Bünyamin Önal
(Aalto University)
Do Politically Connected Directors Bridge an Information Gap in Investment Decisions? Evidence from China
12.4.2018 Tarun Chordia
(Emory University)
p-hacking: Evidence from two million trading strategies
28.3.2018 Sami Torstila
(Aalto University)
Prolonged Private Equity Holding Periods: Six Years is the New Normal
22.3.2018 Ludovic Phalippou
(Saïd Business School)
How Alternative Are Alternative Investments? The Case of Private Equity Funds
15.3.2018 Michela Altieri
(VU University of Amsterdam)
Corporate Bond Guarantees and The Value of Financial Flexibility
24.1.2018 Belma Ötztürkkal
(Kadir Has University)
Liquidity Response to Mutual Fund Flows
20.12.2017 Juho Kanniainen
(Tampere University of Technology)
Do Custodian Banks Trade on Information from Their Clients' Transactions?
19.12.2017 Tuomas Tomunen
(Columbia University)
Prospect Theory and Macro-finance
13.12.2017 Mikael Paaso
(Aalto University)
Perfect Pitch
22.11.2017 Michael Ungeheuer
(Aalto University)
Daily Winners and Losers
16.11.2017 Nic Schaub
(University of St. Gallen
The Impact of Internet Postings on Individual Investors
15.11.2017 Markus Schmid
(University of St. Gallen)
Peer Pressure in Corporate Earnings Management
1.11.2017 Peter Hans Matthews
(Middlebury College/Hanken School of Economics)
Choice Architecture to Improve Financial Decision-Making
4.10.2017 Gonul Colak
(Hanken School of Economics)
Investor Relations and IPO Performance
27.9.2017 Ellapulli Vasudevan
(Aalto University)
Volatility and the Disposition Effect
13.9.2017 Söhnke M. Bartram
(Warwick Business School)
Global Market Inefficiencies
6.9.2017 Markku Kaustia
(Aalto University)
Expecting a Stock Market Miracle
17.8.2017 Utpal Bhattacharya
(Hong Kong University of Technology)
Spillovers in Asset Prices: The Curious Case of Haunted Houses
21.6.2017 Aleksi Pitkäjärvi
(Aalto University)
Cross-Asset Signals and Time Series Momentum
14.6.2017 Yijie Li
(Aalto University)
Unemployment-Based Economic States and Equity Premium Predictability
7.6.2017 Renee Adams
(University of New South Wales)
Shareholders and Stakeholders around the World: The Role of Values and Culture in Directors’ Decisions
17.5.2017 Patrick Kelly
(New Economic School)
Does Access to Foreign Financing Insulate Firms from Local Shocks? Evidence from the Response of Investable Firms to Monetary Policy
3.5.2017 Bruce Grundy
(University of Melbourne)
Can Socially-Responsible Firms Survive Competition? Analysis of Corporate Employee Matching Grants
5.4.2017 Petra Vokatá
(Aalto University)
On Structured Products
29.3.2017 Juha Joenväärä
(University of Oulu)
Hedge Fund Flows and Names Gravitas
2.2.2017 Doron Avramov
(Hebrew University of Jerusalem)
Bonds, Stocks, and Sources of Mispricing
14.12.2016 Patrick Augustin
(McGill University)
Multi-Market Trading and Cross-Asset Integration
7.12.2016 Fabio Verona
(Bank of Finland)
Forecasting the Equity Risk Premium with Frequency-Decomposed Predictors
23.11.2016 Nathaniel Young
(EBRD)
Banking and Growth: Evidence from a Regression Discontinuity Analysis
16.11.2016 Mikael Paaso Extrapolating from Noise? Investment Decisions and Cash Flow Shocks
9.11.2016 Matti Keloharju Shady Deals in a Squeaky Clean Country
3.11.2016 Karolin Kirschenmann
(ZEW - Centre for European Economic Research)
Numeracy and On-The-Job Decision Quality: Evidence from Loan Officers
19.10.2016 Jos van Bommel Intergenerational Wealth Transfer: How Wealthy Families (Can) Preserve Wealth?
28.9.2016 Claus Munk
(Copenhagen Business School)
A Mean-Variance Benchmark for Household Portfolios over the Life Cycle
16.6.2016 Sampsa Samila (National University of Singapore Business School) Persistence of Initial Success: Evidence from Venture Capital. Joint with Ramana Nanda (HBS) and Olav Sorenson (Yale SOM)
18.5.2016 Denis Gromb (HEC Paris) Financially Constrained Arbitrage and Cross-Market Contagion. Joint with Dimitri Vayanos.
4.5.2016 Elias Rantapuska (Aalto University) Mutual Fund Choice Across Generations. Joint work with Samuli Knupfer (BI Norwegian Business School and CEPR) and Matti Sarvimäki (Aalto University and VATT)
17.2.2016 Fabio Verona (Bank of Finland) The Q  Theory: New Evidence from a Time-Frequency Analysis
28.1.2016 Doron Avramov (The Hebrew University of Jerusalem) Talking Numbers: Technical versus Fundamental Investment Recommendations
28.10.2015 Magnus Blomkvist (Audencia Nantes) Does the IPO Market Provide an Efficient Tool to facilitate Industry Restructuring?
14.10.2015 Matthijs Lof (Aalto University) Slow Trading and Stock Return Predictability
10.6.2015 Renée Adams (UNSW Business School) The Changing Nature of Corporate Board Activity
29.4.2015 Elias Rantapuska Trust Your Gut: Hunger Increases Trust and Trustworthiness
15.4.2015 Petri Jylhä (Imperial College) Does Funding Liquidity Cause Market Liquidity? Evidence from a Quasi-Experiment
8.4.2015 Martin Ruckes (Karlsruhe Institute of Technology) The Effects of Disclosure Policy on Risk Management Incentives and Market Entry
25.2.2015 Gonul Colak (Hanken School of Economics) Political Uncertainty and Leverage Adjustments: An International Perspective
11.2.2015 Matti Suominen Dash for Cash: Month-End Liquidity Needs and the Predictability of Stock Returns
22.1.2015 Doron Avramov (Hebrew University of Jerusalem) The Idiosyncratic Volatility – Expected Return Relation: Reconciling the Conflicting Evidence
17.12.2014 Henry Jarva Accrual Estimation Errors and CEO Turnover
10.12.2014 Bünyamin Önal CEO Compensation around Acquisitions: Is Agency Problem the Whole Story?
3.12.2014 Niilo Luotonen What constrains micro-entrepreneurship? Evidence from street paper vendors
26.11.2014 Helinä Laakkonen (Bank of Finland) The relevance of uncertainty on the bond market trading volume
19.11.2014 Joonas Hämäläinen (University of Turku) Portfolio Selection under Directional Predictability of Returns
12.11.2014 Karolin Kirschenmann Powerful Parents? The Local Impact of Banks’ Global Business Models. Joint with Ralph De Haas
29.10.2014 Matti Suominen Currency Carry Trades and Funding Risk
15.10.2014 Pekka Tolonen (Oulu Business School) Hedge Fund Leverage and Performance: New Evidence from Multiple Leveraged Share Classes
17.9.2014 Patricia Boyallian CEO Risk Taking Incentives and Bank Failure during the 2007-2010 Financial Crisis
13.8.2014 Matti Keloharju Initial Offer Precision and M&A Outcomes. Joint with Petri Hukkanen
6.8.2014 Harrison Hong Crime, Punishment and the Halo Effect of Corporate Social Responsibility
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