Room: R304 (School of Business premises, Väre building, 3rd floor)
Office hours: Thursdays 13:00 - 15:00
Tel: +358 50 383 6195
Email: [email protected]
Research
Refereed Publications
“Do you really know your cost of capital?”, Journal of Applied Corporate Finance, 3(34), 116-128, 2022. With Matti Keloharju and Juhani Linnainmaa.
”Long-Term Discount Rates do not Vary Across Firms”, Journal of Financial Economics, 3(141), 946-967, 2021. With Matti Keloharju and Juhani Linnainmaa.
“Are return seasonalities due to risk or mispricing? Evidence from seasonal reversals”, Journal of Financial Economics, 1(139), 138-161, 2021. With Matti Keloharju and Juhani Linnainmaa.
“Return Seasonalities”, Journal of Finance, 4(71), 1557-1590, 2016, with Matti Keloharju and Juhani Linnainmaa. Honourable Mention, AQR Insight Award 2015.
“Firm expansion and stock price momentum”, Review of Finance, 4(18), 1465-1505, 2014. With Salla Pöyry.
“Equity premium in Finland and long-term performance of the Finnish equity and money markets”, Cliometrica, 2(8), 241-268, 2014. With Mika Vaihekoski.
“Volatility risk premium, risk aversion and the cross-section of stock returns”, The Financial Review 45(4), 1079–1100, 2010. With Anders Wilhelmsson.
“Measuring event risk”, Journal of Financial Econometrics 7(3), 265–287, 2009. With Anders Wilhelmsson.
Book Chapters
“Asset Pricing Models”, invited chapter in Free, R. C. (Ed.), 21st Century Economics: A Reference Handbook, Sage Publications (forthcoming).
Working Papers
“A new value-weighted total return index for the Finnish stock market”, Bank of Finland Research Discussion Papers, 21, 2009. With Mika Vaihekoski.
“Descriptive analysis of Finnish equity, bond and money markets 1912-2007”. With Mika Vaihekoski.
Awards
Aalto BIZ Teacher of the Year 2020. An award by the Aalto University School of Business.
McKinsey Finance Teacher of the Year 2020. An annual award based on votes by finance students of Aalto University School of Business.
Best BSc-level Course at the Aalto School of Business 2019 (Rahoituksen perusteet / Introduction to Finance). A prize awarded by the Aalto University School of Business.
McKinsey Finance Teacher of the Year 2016. An annual award based on votes by finance students of Aalto University School of Business.
Teacher of the Year 2015. An annual award based on votes by students of Aalto University School of Business.
Honourable mention (top 5 paper) at the AQR Insight Award 2015, "Common Factors in Return Seasonalities".
Teaching
Rahoituksen perusteet (in Finnish)
Investments
Theoretical Asset Pricing
Empirical Asset Pricing
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