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Contact Information

Accounting and Finance
University of Vaasa
P.O.Box 700
FI-65101 Vaasa
FINLAND

Tel: +358-6-324 8111
Fax: +358-6-324 8344

Head of the Unit,
Professor Sami Vähämaa

Major professional interests and specialities

Financial markets

Contact information

Teaching

Theory of Investments (not during 2010-12)

Principles of Finance, jointly with University Teacher Emilia Peni

Financial Markets and Investments

Research in Financial Markets, jointly with Prof. Nikkinen

Research I*

Introduction to Master´s Thesis in Finance*

* Jointly with the colleagues of the Department

Publications

J. Nikkinen, V. Piljak & J. Äijö (2012). Baltic stock markets and the financial crisis of 2008-2009. Research in International Business and Finance, (forthcoming).

S. Vähämaa & J. Äijö (2011). The Fed´s policy decisions and implied volatility. Journal of Futures Markets, Vol. 31 (forthcoming).

Äijö, J. (2011). Option-implied stock market expectations across the week: New evidence from the FTSE-100 index options. International Review of Applied Financial Issues and Economics, (forthcoming).

Jalonen, E. & S. Vähämaa & J. Äijö (2010). Turn-of-the-month and intramonth effects in government bond markets: Is there a role for macroeconomic news? Research in International Business and Finance, Vol. 23, 75-81.

Nikkinen, J. & P. Sahlström & K. Takko & J. Äijö (2009). Turn-of-the-month and Intramonth Anomalies and U.S. Macroeconomic News Announcements on the Thinly Traded Finnish Stock Market. International Journal of Economics and Finance, Vol 1, 3-12.

Nikkinen, J. & M. Omran & P. Sahlström & J. Äijö (2008). The Effects of U.S. Macroeconomic News Announcements on Emerging Stock Markets in the Asia-Pacific Region. Asia Pacific Journal of Economics and Business, Vol 12, 3-14.

Nikkinen, J. & M. Omran & P. Sahlström & J. Äijö (2008). Stock returns and volatility following the September 11 attacks: Evidence from 53 equity markets. International Review of Financial Analysis, Vol 17, 92-104.

Äijö, J. (2008). Implied volatility term structure linkages between VDAX, VSMI and VSTOXX volatility indices. Global Finance Journal, Vol 18, 290-302.

Äijö, J. (2008). Impact of US and UK macroeconomic news announcements on the return distribution implied by FTSE-100 options. International Review of Financial Analysis, Vol 17, 242-258.

Nikkinen, J. & P. Sahlström & J. Äijö (2007). Do the US macroeconomic news announcements explain turn-of-the-month and intramonth anomalies on European stock markets? Journal of Applied Business and Economics, vol 7, 48-62.

Nikkinen, J. & P. Sahlström & J. Äijö (2007). Turn-of-the-month and intramonth effects: Explanation from the important macroeconomic news announcements. Journal of Futures Markets, Vol. 27. 105-126.

Nikkinen, J. & M. Omran & P. Sahlström & J. Äijö (2006). Global stock market reactions to scheduled U.S. macroeconomic news announcements. Global Finance Journal, Vol. 17, 92-104.

Vähämaa, S. & S. Watska & J. Äijö (2005). What moves option-implied bond market expectations? Journal of Futures Markets, Vol. 25, 817-843.