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Finance and Financial Accounting

About the research group

The Finance and Financial Accounting research group (FRG) focuses on finance and external accounting. The group's areas of expertise cover the field from finance markets to financial statement analysis. Researchers of finance and financial accounting at the University of Vaasa are pioneers in their field of research in Finland. During the past decades they have published hundreds of scientific articles in journals that follow international assessment procedures.

The research tradition is also strongly reflected in the group's current operations and areas of emphasis. Recent projects have focused on the examination of the way financial markets operate and connections with corporate financing and investor decision-making.

The research group is headed by Professor Jussi Nikkinen.

Key research themes of the group

Financial markets

  • Emerging financial markets
  • Derivatives markets
  • Macroeconomic factors and financial markets

Monetary policy and financial markets
Banking and bank performance
Corporate finance

  • Female executives and corporate governance

Earnings management and the quality of financial reporting
Econometrics of event studies
Microstructure of financial markets

 

News and events

Earlier research projects

Using Bank Option Prices to Assess Financial Sector Conditions (2014-2016)
Project leader: Dr. Jukka Sihvonen
External funding from: OP-Pohjola Bank Research Foundation

Gender and Financial Decision Making (2012-2015)
Project leader: Prof. Sami Vähämaa
External funding from: Academy of Finland

Females and Corporate Governance (2009-2014)
Project leader: Prof. Sami Vähämaa
External funding from: NASDAQ OMX Nordic Foundation

 

The Use of Derivatives by the Energy Sector Companies (2010-2013)
Project leader: Prof. Timo Rothovius & Prof. Jussi Nikkinen
External funding from: The Finnish Funding Agency for Innovation (Tekes); Lahti Energia, Oulun Energia, Vaasan Sähkö and Vantaan Energia

Corporate Risk Management and Financial Vulnerability (2011-2012)Consortium project of Hanken School of Economics, Lappeenranta University of Technology and University of Vaasa
Project leader: (Vaasassa) Prof. Jussi Nikkinen
External funding from: Academy of Finland; University of Vaasa

Research group members

Jussi Nikkinen
Jussi Nikkinen
Professor

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8429
  • Tervahovi D309
Timo Rothovius
Timo Rothovius
Professor

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8430
  • Tervahovi D345
Sami Vähämaa
Sami Vähämaa
Professor

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi (normalise scandinavian characters)
  • +358 29 449 8455
  • Tervahovi D343
Janne Äijö
Janne Äijö
Professor

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi (normalise scandinavian characters)
  • +358 29 449 8519
  • Tervahovi D341
Denis Davydov
Denis Davydov
University Lecturer

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8468
  • Tervahovi D344
Vanja Piljak
Vanja Piljak
University Lecturer

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8503
  • Tervahovi D225
Nebojsa Dimic
Nebojsa Dimic
Assistant Professor

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8516
  • Tervahovi D208
Anupam Dutta
Anupam Dutta
Assistant Professor

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8128
  • Tervahovi D321
Klaus Grobys
Klaus Grobys
Assistant Professor, Tenure Track

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8524
  • Tervahovi D319
John Kihn
John Kihn
University Teacher

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8537
  • Tervahovi D221
Probal Dutta
Probal Dutta
Doctoral Student

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
Masoumeh Fathi
Masoumeh Fathi
Doctoral Student

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • Tervahovi C215
Veda Fatmy
Veda Fatmy
Doctoral Student

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • Tervahovi D308
Amir Mobasheri
Amir Mobasheri
Doctoral Student

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • Tervahovi D226
Shahbaz Qureshi
Shahbaz Qureshi
Doctoral Student

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • Tervahovi D336
Sara Yasar
Sara Yasar
Doctoral Student

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • Tervahovi D227
Shaker Ahmed
Shaker Ahmed
Grant-Funded Researcher

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • Tervahovi D224
Niranjan Sapkota
Niranjan Sapkota
Project Researcher

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • Tervahovi D336
Jaakko Tyynelä
Jaakko Tyynelä
Senior Researcher

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi (normalise scandinavian characters)
  • +358 29 449 8512
  • Tervahovi D322
Stig Xenomorph
Stig Xenomorph
Assistant professor, finance

School of Accounting and Finance, Finance

  • firstname.lastname@univaasa.fi
  • +358 29 449 8625