

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

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Publications
Research projects
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