Selaus Yksikön / Tiedekunnan mukaanLaskentatoimen ja rahoituksen yksikkö

    • Assessing the risk of the European Union carbon allowance market : structural breaks and forecasting performance 

      Dutta, Anupam; Jalkh, Naji; Bouri, Elie; Dutta, Probal (Emerald, 17.06.2019)
      Purpose - The purpose of this paper is to examine the impact of structural breaks on the conditional variance of carbon emission allowance prices. Design/methodology/approach - The authors employ the symmetric GARCH model, ...
    • Assessment and Optimization of Clean Energy Equity Risks and Commodity Price Volatility Indexes : Implications for Sustainability 

      Dutta, Anupam; Bouri, Elie; Das, Debojyoti; Roubaud, David (Elsevier, 10.01.2020)
      Although clean energy equities have emerged as a new asset class for market participants, especially environmentally concerned investors, existing and previous studies pay very little attention to how equity investors in ...
    • Business-friendly contracting : how simplification and visualization can help bring it to practice 

      Haapio, Helena; Barton, Thomas D.; Jacob, Kai; Schindler, Dierk; Strathausen, Roger (Springer, Cham, 03.11.2016)
      One thesis of this book is that the legal function within businesses will shift from a paradigm of security to one of opportunity. This chapter embraces that likelihood in the context of business contracting, where voices ...
    • Choice overload and asymmetric regret 

      Buturak, Gökhan; Evren, Özgür (Wiley, 22.09.2017)
      We propose a model of “choice overload,” which refers to a stronger tendency to select the default option in larger choice problems. Our main finding is a behavioral characterization of an asymmetric regret representation ...
    • Cointegration and nonlinear causality among ethanol-related prices : evidence from Brazil 

      Dutta, Anupam (Wiley, 16.12.2017)
      The objective of this study was to investigate the causal relationships among crude oil, ethanol and sugar prices in the context of Brazil. In doing so, we consider the application of ARDL bound tests to examine whether ...
    • Combining value and momentum : evidence from the Nordic equity market 

      Grobys, Klaus; Huhta-Halkola, Topi (Taylor & Francis, 22.02.2019)
      This is the first article that explores the recently proposed average ranking approach for the value and momentum strategy in the Nordic equity market offering an exceptional experimental environment. Our results indicate ...
    • Complementarities between employee involvement and financial participation : Do institutional context, differing measures, and empirical methods matter? 

      Jones, Derek C.; Kalmi, Panu; Kato, Takao; Mäkinen, Mikko (SAGE Publishing, 08.07.2016)
      While most studies on complementarities are for the US and the UK, liberal market economies, we investigate whether productivity is greater if firms use employee involvement (EI) in decision-making and financial participation ...
    • Corporate environmental reporting practices in Finland : a review and agenda for future research 

      Dutta, Probal (Virtus Interpress, 29.05.2018)
      The research in the area of corporate environmental accounting and reporting in the context of Finland is scarce. This paper outlines the studies conducted to date on Finnish firms’ environmental reporting practices with ...
    • Crash fears and stock market effects : evidence from web searches and printed news articles 

      Nikkinen, Jussi; Peltomäki, Jarkko (Taylor & Francis, 20.08.2019)
      The authors studied the complex relationship between information supply and demand using newspaper articles and web searches that reflect investors’ crash fears. They report that more web searches lead to more news, whereas ...
    • Credit Unions and Co-operative Banks Across the World 

      Goglio, Silvio; Kalmi, Panu (Oxford University Press, 01.11.2017)
      The national cases of co-operative banking will be considered by pattern: credit unions (as in the UK and the US), decentralized networks (as in Germany, Italy, and Austria), and centralized networks (as in France, the ...
    • Cryptocurrencies and momentum 

      Grobys, Klaus; Sapkota, Niranjan (Elsevier, 01.07.2019)
      Retrieving a set of 143 cryptocurrencies for a sample spanning 2014–2018, we investigate the popular momentum strategy implemented in the cryptocurrency market. Contrary to earlier studies our findings do not indicate any ...
    • Cybersecurity in accounting research 

      Haapamäki, Elina; Sihvonen, Jukka (Emerald Publishing, 01.07.2019)
      Purpose - This paper aims to update the cybersecurity-related accounting literature by synthesizing 39 recent theoretical and empirical studies on the topic. Furthermore, the paper provides a set of categories into which ...
    • Cyclicality of bank liquidity creation 

      Davydov, Denis; Fungáčová, Zuzana; Weill, Laurent (Elsevier, 01.07.2018)
      This paper investigates the cyclicality of bank liquidity creation. Since liquidity creation is a major economic function of banks, their liquidity creation behavior may amplify business cycle fluctuations. Using the ...
    • Digital technologies, legal design and the future of the legal profession 

      Corrales, Marcelo; Fenwick, Mark; Haapio, Helena; Corrales, Marcelo; Fenwick, Mark; Haapio, Helena (Springer, 08.02.2019)
      Legal Technology – or “Legal Tech” – is disrupting the traditional operations and self-understanding of the legal profession. This chapter introduces the central claim of this book, namely that these developments are having ...
    • Does actual taxable income contain valuable information for shareholders? Evidence from Finland 

      Laitinen, Erkki K.; Laitinen, Teija (Society for Science and Education, 25.10.2017)
      There is much discussion about usefulness of book-tax differences in evaluating firm performance. This study contributes to this discussion assessing the information content of estimated and actual taxable income for Finnish ...
    • Does audit report information improve financial distress prediction over Altman's traditional Z‐Score model? 

      Muñoz‐Izquierdo, Nora; Laitinen, Erkki K.; Camacho‐Miñano, María‐del‐Mar; Pascual‐Ezama, David (John Wiley & Sons Ltd, 19.09.2019)
      We analyze empirically the usefulness of combining accounting and auditing data in order to predict corporate financial distress. Concretely, we examine whether audit report information incrementally predicts distress over ...
    • Does state ownership of banks matter? 

      Davydov, Denis (SAGE Publications, 11.06.2018)
      This article examines the effects of state ownership and government interventions on lending behaviour and capitalisation of banks over the period 2005–2011. Using data from the highly state-influenced Russian banking ...
    • Does the F-score improve the performance of different value investment strategies in Europe? 

      Tikkanen, Jarno; Äijö, Janne (Palgrave Macmillan, 26.11.2018)
      This study examines whether the performance of 8 different value investment strategies can be improved with 9 Piotroski’s (J Account Res 38:1–41, 2000) F-score screening method for the European stock markets. Our aim is ...
    • Economic bonding, auditor safeguard and audit quality : Peer review evidence from individual auditors 

      Laitinen, Erkki K.; Laitinen, Teija (Society for Science and Education, 20.01.2018)
      In this paper, we examine whether the economic bond between an individual engagement partner and client threatens auditor independence and thus audit quality. We also investigate if auditors good economic position acts as ...
    • Essays on Financial Connectedness 

      Jiang, Junhua (Vaasan yliopisto, 05.06.2020)
      This thesis analyzes financial connectedness from different perspectives in four essays. The first essay studies whether the subprime mortgage crisis and European debt crisis intensified the connectedness effect on the ...