Finance student Arttu Leinonen wins securities markets award for excellent master’s thesis
The Foundation for the Advancement of Finnish Securities Markets supports research and publishing activities related to securities saving and the development of the securities market. The foundation board has awarded Arttu Leinonen, a student of finance at the School of Business, a scholarship of 5 000 euros for his excellent master’s thesis titled ‘Greenwashing Corporate Green Bonds: Evidence from European and North American Markets’.
Leinonen’s thesis studies the underlying issuance motivations and environmental impact of corporate green bonds, focusing particularly on greenwashing and signaling theories as rationales for issuance.
‘As green finance is increasing, this topic offered me an interesting opportunity to examine a current issue: the true significance of corporate bonds for the green transition and their role as a reliable signal of the company’s environmental commitment. My study emphasises the need for both making green finance more transparent and defining a clear set of criteria for it so that we can be sure that green finance is targeted at projects that genuinely have a positive impact on the environment and thus avoid greenwashing,’ says Arttu Leinonen.
Leinonen’s master’s thesis advisor was AssociateProfessor of Finance Elias Rantapuska.
Arttu Leinonen wants to extend a warm thank you to the Foundation for the Advancement of Finnish Securities Markets for the award.
Leinonen was one of the three students granted a recognition award for their master’s thesis this year.
Congratulations to all the awardees!
Department of Finance
The Department of Finance at Aalto University School of Business is one of the leading finance departments in Europe.
Read more news
Meadows don’t happen by chance – thoughtful design for campus nature
Each meadow is tailored to its specific location, taking into account factors such as soil conditions, the history of the landscape and how the area is currently used.
Grants and recognition from the Wihuri Foundation
From Aalto University, 40 individuals or groups received funding in 2026. The largest single grant went to the Ownership Lab for research on ownership. In addition, Tapani Vuorinen received the Wihuri International Prize
Aalto Distinguished Professor Tapani Vuorinen receives prestigious Wihuri International Prize
Over more than four decades of research in wood chemistry, Vuorinen has had a wide-ranging impact on science, industry and society