News

Assistant Professor of Finance Elias Rantapuska’s paper accepted to the Journal of Finance

"Formative Experiences and Portfolio Choice: Evidence from the Finnish Great Depression", forthcoming in Journal of Finance.

The article "Formative Experiences and Portfolio Choice: Evidence from the Finnish Great Depression", by Professor of Finance Samuli Knüpfer (BI Norwegian Business School), Assistant professor of Finance Elias Rantapuska (Aalto University, School of Business), and Senior Researcher Matti Sarvimäki (VATT, Institute for Economic Research) has been accepted for publication in the Journal of Finance. The paper investigates the long-run impact of the Finnish Great Depression on the investment of risky assets. Individuals who were exposed to adverse labor market consequences at the beginning of 1990’s are less likely to invest in risky securities 15 years later. These effects also propagate in social networks: individuals whose neighbors and family members experienced adverse circumstances also avoid risky investments.

  • Published:
  • Updated:
Share
URL copied!

Related news

Suomessa kehitettiin tekoäly, joka ymmärtää paremmin ihmisen tavoitteita
Research & Art Published:

Designing AI that understands humans’ goals better

To make a better smart assistant, we need an AI that understands its user and does not constantly need detailed instructions
Oniipa
Research & Art Published:

Researchers are importing electricity and internet connections to a Namibian village – required technology can be transported in a pickup

The initiative to be piloted on Independence Day seeks to aid the everyday lives of people in small communities while creating a framework for businesses.
Polymer film that bends when light is shone on it
Research & Art Published:

Liquid crystal polymer learns to move and grab objects

Researchers trained material the same way as Pavlov trained dogs.
Veronika Honkasalon puku
Cooperation, Research & Art Published:

Member of Parliament Veronika Honkasalo’s independence day dress reflects feminism and ecological values

Aalto University FaCT MA student Heidi Karjalainen has designed MP Veronika Honkasalo’s (Left Alliance) dress for the President’s Independence Day Reception 2019.