Article awards in 2026

The Foundation for the Advancement of Finnish Securities Markets has awarded the following researchers with article prizes.

Vesa Pursiainen
PublicationJournal of Financial and Quantitative Analysis
ArticleCompetition and the Reputational Costs of Litigation
Juhani Linnainmaa
PublicationReview of Financial Studies
ArticleMan versus Machine Learning Revisited
Mathias Kronlund
PublicationJournal of Financial and Quantitative Analysis
ArticleInnovation under Pressure
Juha Joenväärä
PublicationJournal of Financial Economics
ArticleResponsible investing: Costs and benefits for university endowment funds
Paulo Maio
PublicationJournal of Finance
ArticleIs Long-Run Risk Really Priced? Revisiting Liu and Matthies (2022)
Paulo Maio
PublicationJournal of Financial Economics
ArticleThe volatility puzzle of the beta anomaly
Pekka Honkanen
PublicationReview of Finance
ArticlePassive Ownership and Short Selling
Pekka Honkanen
PublicationJournal of Financial and Quantitative Analysis
ArticleSecurities Lending and Trading by Active and Passive Funds
Jussi Keppo
PublicationManagement Science
ArticleThe Crowdfunding Effects on Venture Capital Investment
Aleksi Pitkäjärvi
PublicationManagement Science
ArticleComments to the Editor on “The Willingness to Pay for Diversification”
Matteo Vacca
PublicationManagement Science
ArticleComments to the Editor on “The Willingness to Pay for Diversification
Joacim Tåg
PublicationJournal of Finance
ArticleWhat is the Cost of Privatization for Workers?
Joacim Tåg
PublicationJournal of Financial Economics
ArticleJAQ of all trades: Job mismatch, firm productivity and managerial quality
Samuli Knupfer
PublicationJournal of Finance
ArticleInvestment Factors
Michael Ungeheuer
PublicationReview of Finance
ArticleBeliefs about beta: upside participation and downside protection