The OP Financial Group Research Foundation has granted a EUR 20,000 encouragement award to Professor Juuso Välimäki. This is only the second such award granted by OP.
At the same time, the winning prize for the OP Financial Group Research Foundation's annual doctoral dissertation award, EUR 10,000, will be presented to Salla Pöyry, DSc (Econ).
Juuso Välimäki, Professor of Economics at Aalto University's School of Business, is internationally known and distinguished in the scientific community. Välimäki is one of Europe's leading microeconomists, specialising in the fields of game theory, contract theory, industrial organisation and information economics. Välimäki's research is characterised by its high quality and innovativeness.
He received his Master's degree in Economic Sciences from the Helsinki School of Economics (HSE) in 1989. Välimäki has held an assistant professorship at Northwestern University and a professorship at Southwestern University in the United Kingdom. He has served as Professor of Economics at Aalto University from 2002 and as a Visiting Professor at Yale since 2009. Välimäki's studies have been published by the most respected journals in economics, such as the Quarterly Journal of Economics, Review of Economic Studies, and Econometrica.
As a testament to Välimäki's esteem in the scientific community, he worked for several years as editor of the Review of Economic Studies and is currently editor of the Journal of the European Economic Association.
The OP Financial Group Research Foundation established the recognition and encouragement awards in honour of its 40th anniversary. The recognition award is presented to persons who have demonstrated exceptional innovativeness in their scientific work and can be expected to produce significant results in the future as well. The award now being presented to Välimäki is the second recognition award to be presented by the Research Foundation. The first award was granted to Professor Matti Keloharju in 2014.
Doctoral dissertation award granted to study of financial market efficiency
In her doctoral dissertation for Svenska handelshögskolan, 'Essays on Financial Market Frictions and Imperfections', Salla Pöyry, DSc (Econ), studies the limitations that decrease the efficiency of financial markets. The study examines price formation and the functionality of capital markets, particularly with regard to market limitations caused by prevailing institutional conditions or behaviour deviating from investor expectations.
The dissertation consists of four essays and an introduction. The essays deal with the mutual influence factors between company-level variables and the portfolio concentration of investors, the fragmentation of the stock market, and the increasing trade outside stock exchanges, temporal trends in stock prices on the US market, and the possibilities for Russian companies to finance their operations through the bond market. Two of the essays have been published in well-regarded international journals.
For more information, please contact:
Heli Kangasluoma, Representative of the OP Financial Group Research Foundation, tel. +358 40 5006608
OP Corporate Communications, +358 50 5239904
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Source: Pohjola Pankki Oyj via Globenewswire