Aalto University School of Business


Aalto University School of Business

Dr. Markku Kaustia is currently working as a Professor in the Department of Finance, aalto university , Finland. His research interests includes Finance. He is serving as an editorial member and reviewer of several international reputed journals. Dr. Markku Kaustia is the member of many international affiliations. He has successfully completed his Administrative responsibilities. He has authored of many research articles/books related to Finance.


Journal article-refereed, Original research

Does mood affect trading behavior? ; 2016 in JOURNAL OF FINANCIAL MARKETS (Elsevier) ISSN: 1386-4181

Stock ownership and political behavior Evidence from demutualizations ; Knüpfer, Samuli; 2016 in MANAGEMENT SCIENCE (INST OPERATIONS RESEARCH MANAGEMENT SCIENCES) ISSN: 0025-1909

Risk ON / Risk OFF: risk-taking varies with subjectively preferred and disliked music Halko, Marja-Liisa; 2015 in PLOS ONE (PUBLIC LIBRARY SCIENCE) Social learning and corporate peer effects ; 2015 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier) ISSN: 0304-405X

The gender effect in risky asset holdings Halko, Marja-Liisa; ; Alanko, Elias 2012 in JOURNAL OF ECONOMIC BEHAVIOR AND ORGANIZATION (Elsevier Science B.V.) ISSN: 0167-2681

Peer performance and stock market entry ; Knüpfer, Samuli 2012 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier) ISSN: 0304-405X

Overconfidence and debiasing in the financial industry ; Perttula, Milla 2012 in REVIEW OF BEHAVIORAL FINANCE (Emerald Group Publishing Ltd.) ISSN: 1940-5979

Rational and behavioral motives to trade: Evidence from reinvestment of dividends and tender offer proceeds ; 2012 in JOURNAL OF BANKING AND FINANCE (ELSEVIER SCIENCE BV) ISSN: 0378-4266

Stock market aversion?Political preferences and stock market participation ; 2011 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier) ISSN: 0304-405X

Prospect Theory and the Disposition Effect 2010 in JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS (Cambridge University Press) ISSN: 0022-1090

Should Good Stocks Have High Prices or High Returns? ; Laukkanen, H.; 2009 in FINANCIAL ANALYSTS JOURNAL (CFA Institute) ISSN: 0015-198X

Price setting and the reluctance to realize losses in apartment markets Einiö, M.; ; 2008 in JOURNAL OF ECONOMIC PSYCHOLOGY (Elsevier) ISSN: 0167-4870

Do investors overweight personal experience?Evidence from IPO subscriptions ; Knüpfer, S. 2008 in JOURNAL OF FINANCE (Wiley-Blackwell) ISSN: 0022-1082

How Much Does Expertise Reduce Behavioral Biases?The Case of Anchoring Effects in Stock Return Estimates ; Alho, E.; 2008 in FINANCIAL MANAGEMENT (John Wiley and Sons Inc.) ISSN: 1471-9185

Market-wide impact of the disposition effect: evidence from IPO trading volume 2004 in JOURNAL OF FINANCIAL MARKETS (Elsevier) ISSN: 1386-4181

Book section, Chapters in research books Disposition effect 2010 ISBN: 978-0-470-49911-5

Conference proceedings

  • Stock ownership and political behavior: Evidence from demutualizations ; Knüpfer, Samuli; 2012

Unrefereed conference proceedings

  • Social norms and corporate peer effects 2012
  • Does mood affect trading behavior? 2011

Published development or research report

  • Psychological Reference Levels and IPO Stock Returns 2002
  • Can Loss Aversion Move the Market?Evidence from IPO Trading Volume 2000

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