Markku Kaustia
Professori
Professori
E707 Dept. Finance
Application of behavioral finance to a wide range of topics. Currently working on:
1. Fixing the world of finance - ethics in financial advice & democratizing finance
2. Fixing the world with finance - climate finance & digitalized finance
Full researcher profile
https://research.aalto.fi/...
Email
[email protected]
Areas of expertise
Osakkeet, Financial markets, Sijoitusstrategiat, Behavioral finance, Sijoitustoiminta, Sijoittajien käyttäytyminen, Pääomamarkkinat, Pörssi, Kotitalouksien rahoituspäätökset, Osakemarkkinat, Sijoitusneuvojat, Finance, Rahoitus, Sijoittaminen
Honors and awards
Helsinki School of Economics Foundation, award for high quality research 2008
Award or honor granted for a specific work
Department of Finance
Jan 2008
The Foundation for the Promotion of Securities Markets in Finland, award for high quality research 2012
Award or honor granted for a specific work
Department of Finance
Jan 2012
The Foundation for the Promotion of Securities Markets in Finland, award for high quality research 2011
Award or honor granted for a specific work
Department of Finance
Jan 2011
The Foundation for the Promotion of Securities Markets in Finland, award for high quality research 2009
Award or honor granted for a specific work
Department of Finance
Jan 2009
Emerald Literati Network 2013 Award for Excellence for “Overconfidence and debiasing in the financial industry”, Review of Behavioral Finance 2012
Award or honor granted for a specific work
Department of Finance
Jan 2013
Top 3 (rank #1) list for the McKinsey Finance Teacher of the Year award 2015
Award or honor granted for a specific work
Department of Finance
Jan 2015
Top 3 (rank #1) list for the McKinsey Finance Teacher of the Year award 2016.
Award or honor granted for a specific work
Department of Finance
Jan 2016
Top 3 (rank #1) list for the McKinsey Finance Teacher of the Year award 2017
Award or honor granted for a specific work
Department of Finance
Jan 2017
Teacher of the year, Aalto University School of Business
Award or honor granted for a specific work
Department of Finance
Jan 2014
Award for top publication(s), Aalto BIZ Support Foundation
Award or honor granted for a specific work
Department of Finance
Jan 2015
Publications
Nonstandard Errors
Albert J. Menkveld, Anna Dreber, Felix Holzmeister, Juergen Huber, Magnus Johannesson, Michael Kirchler, Sebastian Neusüß, Michael Razen, Utz Weitzel, David Abad-Díaz, Menachem Abudy, Tobias Adrian, Yacine Ait-Sahalia, Olivier Akmansoy, Jamie T. Alcock, Vitali Alexeev, Arash Aloosh, Livia Amato, Diego Amaya, James J. Angel, Jian Chen, Teodor Duevski, Petri Jylhä, Markku Kaustia, Yijie Li, Matthijs Lof, Kalle Rinne, Paul Rintamäki, Hai Tran, Wenjia Yu, Xiaoyu Zhang
2024
Journal of Finance
What drives stock market participation? The role of institutional, traditional, and behavioral factors
Markku Kaustia, Andrew Conlin, Niilo Luotonen
2023
Journal of Banking and Finance
Common Analysts
Markku Kaustia, Ville Rantala
2021
Journal of Financial and Quantitative Analysis
Does mood affect trading behavior?
Markku Kaustia, Elias Rantapuska
2016
Journal of Financial Markets
Stock ownership and political behavior
Markku Kaustia, Samuli Knüpfer, Sami Torstila
2016
Management Science
Stock ownership and political behavior
Markku Kaustia, Samuli Knüpfer, Sami Torstila
2016
Management Science
Risk ON / Risk OFF: risk-taking varies with subjectively preferred and disliked music
Marja-Liisa Halko, Markku Kaustia
2015
PloS one
Social learning and corporate peer effects
Markku Kaustia, Ville Rantala
2015
Journal of Financial Economics
The gender effect in risky asset holdings
Marja-Liisa Halko, Markku Kaustia, Elias Alanko
2012
Journal of Economic Behavior and Organization
Overconfidence and debiasing in the financial industry
Markku Kaustia, Milla Perttula
2012
REVIEW OF BEHAVIORAL FINANCE