Matti Keloharju
Eero Kasanen Professor of Finance, Finance at Aalto University School of Business
Schools
- Aalto University School of Business
Links
Biography
Aalto University School of Business
Peer-reviewed scientific articles
Journal article-refereed, Original researchIQ and mutual fund choice
Grinblatt, Mark; Ikäheimo, Seppo; Keloharju, Matti; Knüpfer, Samuli2016 in MANAGEMENT SCIENCE (INST OPERATIONS RESEARCH MANAGEMENT SCIENCES)ISSN: 0025-1909Return Seasonalities
Keloharju, Matti; Linnainmaa, Juhani T.; Nyberg, Peter2016 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082Shareownership in Finland 2015
Keloharju, Matti; Lehtinen, Antti2015 in Nordic Journal of Business (Wiley-Blackwell)ISSN: 2342-9003IQ, trading behavior, and performance
Grinblatt, Mark; Keloharju, Matti; Linnainmaa, Juhani T.2012 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)ISSN: 0304-405XMutual fund and share ownership in Finland
Keloharju, Matti; Knüpfer, Samuli; Rantapuska, Elias2012 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469Do investors buy what they know?Product market choices and investment decisions
Keloharju, Matti; Knüpfer, Samuli; Linnainmaa, Juhani2012 in REVIEW OF FINANCIAL STUDIES (Oxford University Press)ISSN: 0893-9454IQ and stock market participation
Grinblatt, Mark; Keloharju, Matti; Linnainmaa, Juhani2011 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082Sensation Seeking, Overconfidence, and Trading Activity
Grinblatt, M.; Keloharju, M.2009 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082Social Influence and Consumption: Evidence from the Automobile Purchases of Neighbors
Grinblatt, M.; Keloharju, M.; Ikäheimo, S.2008 in REVIEW OF ECONOMICS AND STATISTICS (MIT Press Journals)ISSN: 0034-6535What's New in Finance?
Keloharju, M.2008 in EUROPEAN FINANCIAL MANAGEMENT (Wiley-Blackwell)ISSN: 1354-7798Do Retail Incentives Work in Privatizations?
Keloharju, M.; Knüpfer, S.; Torstila, S.2008 in REVIEW OF FINANCIAL STUDIES (Oxford University Press)ISSN: 0893-9454Strategic Behavior and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions
Keloharju, M.; Nyborg, K.G.; Rydqvist, K.2005 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082Tax-Loss Trading and Wash Sales
Grinblatt, M.; Keloharju, M.2004 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)The Distribution of Information among Institutional and Retail Investors in IPOs
Keloharju, M.; Torstila, S.2002 in EUROPEAN FINANCIAL MANAGEMENT (Wiley-Blackwell)ISSN: 1354-7798A Descriptive Analysis of the Finnish Treasury Bond Market 1991-1999
Keloharju, M.; Malkamäki, M.; Nyborg, K.G.; Rydqvist, K.2002 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469What Makes Investors Trade?
Grinblatt, M.; Keloharju, M.2001 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082How Distance, Language, and Culture Influece Shareholdings and Trades
Grinblatt, M.; Keloharju, M.2001 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082Shareownership in Finland 2000
Karhunen, J.; Keloharju, M.2001 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469Why do firms raise foreign currency denominated debt?Evidence from Finland
Keloharju, M.; Niskanen, M.2001 in EUROPEAN FINANCIAL MANAGEMENT (Wiley-Blackwell)ISSN: 1354-7798The investment behavior and performance of various investor types
Grinblatt, M.; Keloharju, M.2000 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)ISSN: 0304-405XEarnings Management and Expected Dividend Increases Around Seasoned Stock Issues: Evidence from Finland
Kinnunen, J.; Keloharju, M.; Kasanen, E.; Niskanen, J.2000 in SCANDINAVIAN JOURNAL OF MANAGEMENT (ELSEVIER SCI LTD)ISSN: 0956-5221Earnings Cosmetics in a Tax-driven Accounting Environment
Niskanen, J.; Keloharju, M.2000 in EUROPEAN ACCOUNTING REVIEW (Routledge)ISSN: 0963-8180Shareownership in Finland
Ilmanen, M.; Keloharju, M.1999 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469Market-to-book Ratios, Equity Retention and Management Ownership in Finnish Initial Public Offerings
Keloharju, M.; Kulp, K.1996 in JOURNAL OF BANKING AND FINANCE (Elsevier)ISSN: 0378-4266The ex-dividend day behaviour of Finnish restricted and unrestricted shares
Hietala, P.; Keloharju, M.1995 in APPLIED ECONOMICS LETTERS (Routledge)ISSN: 1350-4851Suomalaisyritysten investointilaskelmat ja suunnitteluhorisontti
Keloharju, M.; Puttonen, V.1995 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469The winner's curse, legal liability, and the long-run price performance of initial public offerings in Finland
Keloharju, Matti1993 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)ISSN: 0304-405XListautumisanneista
Keloharju, Matti1993 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469Conference proceedingsAre Mutual Fund Fees Competitive?What IQ-Related Behavior Tells Us
Grinblatt, M.; Ikäheimo, S.; Keloharju, M.2007 Do Retail Incentives Work in Privatizations?
Keloharju, M.; Knüpfer, S.; Torstila, S.2005 Initial IPO returns and the characteristics of post-IPO financing in Finland
Keloharju, Matti1993 Publications intended for professional communities
Article in professional journalSuomalaisten yritysten tilinpäätöskosmetiikkaa
Keloharju, M.; Niskanen, J.1994 in Tilintarkastus (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0783-0017Published development or research reportEqual Opportunity? Gender Gaps in CEO Appointments and Executive Pay
Keloharju, Matti; Knüpfer, Samuli; Tåg, Joacim2016 Are CEOs Born Leaders? Lessons from Traits of a Million Individuals
Adams, Renee; Keloharju, Matti; Knüpfer, Samuli2015 Initial Offer Precision and M&A Outcomes
Hukkanen, Petri; Keloharju, Matti2015 Match made at birth?What traits of a million Swedes tell us about CEOs
Adams, Renée; Keloharju, Matti; Knüpfer, Samuli2014 Do Smart Investors Outperform Dumb Investors?
Grinblatt, M.; Keloharju, M.; Linnainmaa, J.T.2010 From Customers to Shareholders: The Effect of Product Market Choices on Investment Decisions
Keloharju, M.; Knupfer, S.; Linnainmaa, J.T.2010 Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors
Grinblatt, M.; Keloharju, M.; Ikäheimo, S.2004 Retail Incentives in Privatizations: Anti-Flipping Devices or Money Left on the Table?
Keloharju, M.; Knüpfer, S.; Torstila, S.2004 What makes Investors Trade?
Grinblatt, M.; Keloharju, M.1999 Home Bias, Language Bias, and Investor Sophistication
Grinblatt, M.; Keloharju, M.1999 Shareownership in Finland
Ilmanen, M.; Keloharju, M.1997 The Distribution of Information among Institutional and Retail Investors and the Impact of Past Investment Performance on the Demand for IPOs
Keloharju, Matti1997 Why do Firms Raise Foreign Currency Denominated Debt?
Keloharju, M.; Niskanen, M.1997 The Anatomy of Finnish IPO Investors
Keloharju, Matti1996 Market-to-book Ratios, Equity Retention, and Management Ownership in Finnish Initial Public Offerings
Keloharju, M.; Kulp, K.1996 Dividend Increases and Reported Excess Earnings Around Seasoned Stock Issues
Kinnunen, J.; Keloharju, M.; Kasanen, E.; Niskanen, J.1994 The winner's curse, allocation rules, and required underpricing in initial public offerings
Keloharju, Matti1993 The second leftmost-digit anomaly of corporate earnings
Keloharju, M.; Niskanen, J.1993
IQ and mutual fund choice
Grinblatt, Mark; Ikäheimo, Seppo; Keloharju, Matti; Knüpfer, Samuli
2016 in MANAGEMENT SCIENCE (INST OPERATIONS RESEARCH MANAGEMENT SCIENCES)ISSN: 0025-1909
Return Seasonalities
Keloharju, Matti; Linnainmaa, Juhani T.; Nyberg, Peter
2016 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082
Shareownership in Finland 2015
Keloharju, Matti; Lehtinen, Antti
2015 in Nordic Journal of Business (Wiley-Blackwell)ISSN: 2342-9003
IQ, trading behavior, and performance
Grinblatt, Mark; Keloharju, Matti; Linnainmaa, Juhani T.
2012 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)ISSN: 0304-405X
Mutual fund and share ownership in Finland
Keloharju, Matti; Knüpfer, Samuli; Rantapuska, Elias
2012 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469
Do investors buy what they know?Product market choices and investment decisions
Keloharju, Matti; Knüpfer, Samuli; Linnainmaa, Juhani
2012 in REVIEW OF FINANCIAL STUDIES (Oxford University Press)ISSN: 0893-9454
IQ and stock market participation
Grinblatt, Mark; Keloharju, Matti; Linnainmaa, Juhani
2011 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082
Sensation Seeking, Overconfidence, and Trading Activity
Grinblatt, M.; Keloharju, M.
2009 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082
Social Influence and Consumption: Evidence from the Automobile Purchases of Neighbors
Grinblatt, M.; Keloharju, M.; Ikäheimo, S.
2008 in REVIEW OF ECONOMICS AND STATISTICS (MIT Press Journals)ISSN: 0034-6535
What's New in Finance?
Keloharju, M.
2008 in EUROPEAN FINANCIAL MANAGEMENT (Wiley-Blackwell)ISSN: 1354-7798
Do Retail Incentives Work in Privatizations?
Keloharju, M.; Knüpfer, S.; Torstila, S.
2008 in REVIEW OF FINANCIAL STUDIES (Oxford University Press)ISSN: 0893-9454
Strategic Behavior and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions
Keloharju, M.; Nyborg, K.G.; Rydqvist, K.
2005 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082
Tax-Loss Trading and Wash Sales
Grinblatt, M.; Keloharju, M.
2004 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)The Distribution of Information among Institutional and Retail Investors in IPOs
Keloharju, M.; Torstila, S.
2002 in EUROPEAN FINANCIAL MANAGEMENT (Wiley-Blackwell)ISSN: 1354-7798
A Descriptive Analysis of the Finnish Treasury Bond Market 1991-1999
Keloharju, M.; Malkamäki, M.; Nyborg, K.G.; Rydqvist, K.
2002 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469
What Makes Investors Trade?
Grinblatt, M.; Keloharju, M.
2001 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082
How Distance, Language, and Culture Influece Shareholdings and Trades
Grinblatt, M.; Keloharju, M.
2001 in JOURNAL OF FINANCE (Wiley-Blackwell)ISSN: 0022-1082
Shareownership in Finland 2000
Karhunen, J.; Keloharju, M.
2001 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469
Why do firms raise foreign currency denominated debt?Evidence from Finland
Keloharju, M.; Niskanen, M.
2001 in EUROPEAN FINANCIAL MANAGEMENT (Wiley-Blackwell)ISSN: 1354-7798
The investment behavior and performance of various investor types
Grinblatt, M.; Keloharju, M.
2000 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)ISSN: 0304-405X
Earnings Management and Expected Dividend Increases Around Seasoned Stock Issues: Evidence from Finland
Kinnunen, J.; Keloharju, M.; Kasanen, E.; Niskanen, J.
2000 in SCANDINAVIAN JOURNAL OF MANAGEMENT (ELSEVIER SCI LTD)ISSN: 0956-5221
Earnings Cosmetics in a Tax-driven Accounting Environment
Niskanen, J.; Keloharju, M.
2000 in EUROPEAN ACCOUNTING REVIEW (Routledge)ISSN: 0963-8180
Shareownership in Finland
Ilmanen, M.; Keloharju, M.
1999 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469
Market-to-book Ratios, Equity Retention and Management Ownership in Finnish Initial Public Offerings
Keloharju, M.; Kulp, K.
1996 in JOURNAL OF BANKING AND FINANCE (Elsevier)ISSN: 0378-4266
The ex-dividend day behaviour of Finnish restricted and unrestricted shares
Hietala, P.; Keloharju, M.
1995 in APPLIED ECONOMICS LETTERS (Routledge)ISSN: 1350-4851
Suomalaisyritysten investointilaskelmat ja suunnitteluhorisontti
Keloharju, M.; Puttonen, V.
1995 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469
The winner's curse, legal liability, and the long-run price performance of initial public offerings in Finland
Keloharju, Matti
1993 in JOURNAL OF FINANCIAL ECONOMICS (Elsevier)ISSN: 0304-405X
Listautumisanneista
Keloharju, Matti
1993 in LIIKETALOUDELLINEN AIKAKAUSKIRJA (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0024-3469
Are Mutual Fund Fees Competitive?What IQ-Related Behavior Tells Us
Grinblatt, M.; Ikäheimo, S.; Keloharju, M.
2007 Do Retail Incentives Work in Privatizations?
Keloharju, M.; Knüpfer, S.; Torstila, S.
2005 Initial IPO returns and the characteristics of post-IPO financing in Finland
Keloharju, Matti
1993 Publications intended for professional communities
Article in professional journalSuomalaisten yritysten tilinpäätöskosmetiikkaa
Keloharju, M.; Niskanen, J.1994 in Tilintarkastus (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0783-0017Published development or research reportEqual Opportunity? Gender Gaps in CEO Appointments and Executive Pay
Keloharju, Matti; Knüpfer, Samuli; Tåg, Joacim2016 Are CEOs Born Leaders? Lessons from Traits of a Million Individuals
Adams, Renee; Keloharju, Matti; Knüpfer, Samuli2015 Initial Offer Precision and M&A Outcomes
Hukkanen, Petri; Keloharju, Matti2015 Match made at birth?What traits of a million Swedes tell us about CEOs
Adams, Renée; Keloharju, Matti; Knüpfer, Samuli2014 Do Smart Investors Outperform Dumb Investors?
Grinblatt, M.; Keloharju, M.; Linnainmaa, J.T.2010 From Customers to Shareholders: The Effect of Product Market Choices on Investment Decisions
Keloharju, M.; Knupfer, S.; Linnainmaa, J.T.2010 Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors
Grinblatt, M.; Keloharju, M.; Ikäheimo, S.2004 Retail Incentives in Privatizations: Anti-Flipping Devices or Money Left on the Table?
Keloharju, M.; Knüpfer, S.; Torstila, S.2004 What makes Investors Trade?
Grinblatt, M.; Keloharju, M.1999 Home Bias, Language Bias, and Investor Sophistication
Grinblatt, M.; Keloharju, M.1999 Shareownership in Finland
Ilmanen, M.; Keloharju, M.1997 The Distribution of Information among Institutional and Retail Investors and the Impact of Past Investment Performance on the Demand for IPOs
Keloharju, Matti1997 Why do Firms Raise Foreign Currency Denominated Debt?
Keloharju, M.; Niskanen, M.1997 The Anatomy of Finnish IPO Investors
Keloharju, Matti1996 Market-to-book Ratios, Equity Retention, and Management Ownership in Finnish Initial Public Offerings
Keloharju, M.; Kulp, K.1996 Dividend Increases and Reported Excess Earnings Around Seasoned Stock Issues
Kinnunen, J.; Keloharju, M.; Kasanen, E.; Niskanen, J.1994 The winner's curse, allocation rules, and required underpricing in initial public offerings
Keloharju, Matti1993 The second leftmost-digit anomaly of corporate earnings
Keloharju, M.; Niskanen, J.1993
Suomalaisten yritysten tilinpäätöskosmetiikkaa
Keloharju, M.; Niskanen, J.
1994 in Tilintarkastus (Liiketaloustieteellinen Yhdistys Ry)ISSN: 0783-0017
Equal Opportunity? Gender Gaps in CEO Appointments and Executive Pay
Keloharju, Matti; Knüpfer, Samuli; Tåg, Joacim
2016 Are CEOs Born Leaders? Lessons from Traits of a Million Individuals
Adams, Renee; Keloharju, Matti; Knüpfer, Samuli
2015 Initial Offer Precision and M&A Outcomes
Hukkanen, Petri; Keloharju, Matti
2015 Match made at birth?What traits of a million Swedes tell us about CEOs
Adams, Renée; Keloharju, Matti; Knüpfer, Samuli
2014 Do Smart Investors Outperform Dumb Investors?
Grinblatt, M.; Keloharju, M.; Linnainmaa, J.T.
2010 From Customers to Shareholders: The Effect of Product Market Choices on Investment Decisions
Keloharju, M.; Knupfer, S.; Linnainmaa, J.T.
2010 Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors
Grinblatt, M.; Keloharju, M.; Ikäheimo, S.
2004 Retail Incentives in Privatizations: Anti-Flipping Devices or Money Left on the Table?
Keloharju, M.; Knüpfer, S.; Torstila, S.
2004 What makes Investors Trade?
Grinblatt, M.; Keloharju, M.
1999 Home Bias, Language Bias, and Investor Sophistication
Grinblatt, M.; Keloharju, M.
1999 Shareownership in Finland
Ilmanen, M.; Keloharju, M.
1997 The Distribution of Information among Institutional and Retail Investors and the Impact of Past Investment Performance on the Demand for IPOs
Keloharju, Matti
1997 Why do Firms Raise Foreign Currency Denominated Debt?
Keloharju, M.; Niskanen, M.
1997 The Anatomy of Finnish IPO Investors
Keloharju, Matti
1996 Market-to-book Ratios, Equity Retention, and Management Ownership in Finnish Initial Public Offerings
Keloharju, M.; Kulp, K.
1996 Dividend Increases and Reported Excess Earnings Around Seasoned Stock Issues
Kinnunen, J.; Keloharju, M.; Kasanen, E.; Niskanen, J.
1994 The winner's curse, allocation rules, and required underpricing in initial public offerings
Keloharju, Matti
1993 The second leftmost-digit anomaly of corporate earnings
Keloharju, M.; Niskanen, J.
1993 Videos
Matti Keloharju: "Behavioral Biases: The Good, the Bad and the Ugly"
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