Projects per year
Organisation profile
Organisation profile
The Department of Finance is an active research unit. The research covers a broad range of topics in the areas of Corporate Finance and Financial Markets. Current focus areas in research are:
- Behavioral Finance,
- Corporate Finance, and
- Asset Pricing
The department actively participates in international research seminars and conferences. Finance has a research seminar arranged within the Graduate School of Finance (GSF) joint with Hanken School of Economics.
Articles by current and former members of the faculty have been published in a wide range of top academic journals, such as Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Journal of Financial and Quantitative Analysis.
UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. Our work contributes towards the following SDG(s):
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SDG 1 No Poverty -
SDG 2 Zero Hunger -
SDG 3 Good Health and Well-being -
SDG 4 Quality Education -
SDG 5 Gender Equality -
SDG 8 Decent Work and Economic Growth -
SDG 9 Industry, Innovation, and Infrastructure -
SDG 10 Reduced Inequalities -
SDG 11 Sustainable Cities and Communities -
SDG 13 Climate Action -
SDG 16 Peace, Justice and Strong Institutions -
SDG 17 Partnerships for the Goals
Fingerprint
Dive into the research topics where Department of Finance is active. These topic labels come from the works of this organisation's members. Together they form a unique fingerprint.
Collaborations and top research areas from the last five years
Recent external collaboration on country/territory level. Dive into details by clicking on the dots or
Profiles
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Daniel Barth
- Department of Finance - Visitor (Faculty)
- Finance - Visitor (Faculty)
Person: Visiting Scholar
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Andreas Benz
- Department of Finance - Visitor (Faculty)
- Finance - Visitor (Faculty)
Person: Visiting Scholar
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SA/Huber 2026: Renewing Credibility in Finance: Establishing Reproducible Research at Scale
Huber, C. (Principal investigator)
01/09/2026 → 31/08/2030
Project: RCF Academy Research Fellow (new)
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SA/Ungeheuer tutkimuskulut 2025-2027: What drives investment decisions and how can they be improved? 2nd term
Ungeheuer, M. (Principal investigator)
01/05/2025 → 31/08/2027
Project: RCF Academy Research Fellow: Research costs
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How to make an equity investor: global survey evidence
Rantapuska, E. (Principal investigator), Rasoulian, M. (Project Member) & Võ, N. (Project Member)
01/09/2024 → 31/08/2028
Project: RCF Academy Project
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Associations of ADHD genetic risk with objective and subjective economic wellbeing: evidence from finnish population-based cohorts
Hazak, A., Liuhanen, J., Kantojärvi, K., Sulkava, S., Salomaa, V., Koskinen, S., Perola, M. & Paunio, T., 1 Sept 2026, (E-pub ahead of print) In: Social Psychiatry and Psychiatric Epidemiology. 13 p.Research output: Contribution to journal › Article › Scientific › peer-review
Open Access -
Boundaries of Time-Series Momentum
Suominen, M. & Hjalmarsson, E., 6 Jul 2026, (E-pub ahead of print) In: Financial Management. 34 p.Research output: Contribution to journal › Article › Scientific › peer-review
Open Access -
Can Lending Hierarchies Balance Bias? The Role of Personal Environmental Values in Credit to Green Firms
Bu, D., Keloharju, M., Liao, Y. & Ongena, S., Sept 2026, In: Journal of Financial and Quantitative Analysis. 33 p.Research output: Contribution to journal › Article › Scientific › peer-review
Open AccessFile
Datasets
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Self-imposed Liquidity Constraints via Voluntary Debt Repayment
Vihriälä, E. (Creator), Mendeley Data, 9 Aug 2023
DOI: 10.17632/9snsy6rz44.1, https://data.mendeley.com/datasets/9snsy6rz44
Dataset
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LISS panel - Payment apps
Okat, D. (Creator) & Paaso, M. (Contributor), EASY, 1 Jan 2022
DOI: 10.17026/dans-2br-zmtp, https://easy.dans.knaw.nl/ui/datasets/id/easy-dataset:240477
Dataset
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Replication code for: Intra-household Frictions, Anchoring, and the Credit Card Debt Puzzle
Vihriälä, E. (Creator), Harvard Dataverse, 7 Sept 2022
DOI: 10.7910/dvn/wmhm8g, https://dataverse.harvard.edu/citation?persistentId=doi:10.7910/DVN/WMHM8G
Dataset: Software or code
Prizes
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Aalto BIZ Teacher of the Year 2020.
Nyberg, P. (Recipient), 2020
Prize: Award or honor granted for academic or artistic career
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Aalto University School of Business: Award for Excellence in Doctoral Dissertation Supervision
Keloharju, M. (Recipient), 2007
Prize: Award or honor granted for a specific work
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Aalto University School of Business: Award for Excellence in Doctoral Dissertation Supervision
Keloharju, M. (Recipient), 2003
Prize: Award or honor granted for a specific work
Activities
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PhD Nordic Finance Workshop
Leppämäki, M. (Organiser)
12 May 2025 → 13 May 2025Activity: Participating in or organising an event types › Organization of a workshop, panel, session, tutorial or event
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Kentucky Finance Conference
Jylhä, P. (Member)
2025Activity: Participating in or organising an event types › Membership of a scientific or program committee of a conference or seminar
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Hedge funds: Their (positive and negative) role in recent crises. How to reduce the tail risk they pose for the financial system?
Jylhä, P. (Speaker)
29 May 2025Activity: Talk or presentation types › Conference presentation
Press/Media
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Euro päivässä tuplaa eläkkeen, sanoo Seppo Pennanen – Näin 30 euroa kuussa kasvaa 440 000 euron potiksi
01/10/2026
1 item of Media coverage
Press/Media: Media appearance
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Fortumin osake ohitti huiput ennen Uniper-sekoilua – Onko miljardivirhe annettu anteeksi?
25/09/2026
1 item of Media coverage
Press/Media: Media appearance
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Strukturoidut tuotteet tekevät sijoittajasta vakuutusyhtiön
23/09/2026
1 item of Media coverage
Press/Media: Media appearance