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 neighbours and family members experienced adverse circumstances also avoid risky investments.

  • Published:
  • Updated:
Share
URL copied!

Read more news

Omnidirectional Transmitter, image: Prasad Jayathurathnage/Aalto University
Press releases, Research & Art Published:

New type of wireless charger can charge multiple devices simultaneously

Device transfers energy with 90% efficiency within 20-centimetre charging range
Ligniinillä käsitelty tuoli
Press releases, Research & Art Published:

Bio-based coating for wood outperforms traditional synthetic options

Researchers turn a non-toxic residue into wood coating that resists abrasion-, stain-, and sunlight.
Illustration of three students presenting a chart
Research & Art Published:

Recent MMD Master's Thesis presentations

Recent Master's Thesis presentations by the members of the Multifunctional Materials Design research group
Materials Science
Research & Art Published:

MMD research group at the CHEM Research Day

Doctoral candidates and postdocs of the Multifunctional Materials Design research group presented their work via online posters at the internal networking event