Publications
Research Articles
- [with Toivanen, O.], Income inequality and technology diffusion: Evidence from developing countries, Scandinavian Journal of Economics, forthcoming.
- [with Takalo, T.], Consumer awareness and the use of payment media: Evidence from young Finnish consumers, Review of Network Economics, 2009, Vol.8, Issue 2, June.
- [with Pajarinen, M.], Opacity of young businesses: Evidence from rating disagreements, Journal of Banking and Finance, 2008, Vol. 32 (7), pp. 1234-1241.
- [with Maliranta, M.], When do employees leave their job for entrepreneurship?, Scandinavian Journal of Economics, 2008, Vol. 110 (1), pp. 1-21.
- [with Takalo, T.], Investor protection and business creation, International Review of Law and Economics, 2008, Vol. 28, pp. 113-122.
- [with Rouvinen, P.], The labour market consequences of self-employment spells: European evidence, Labour Economics, 2008, Vol. 15, pp. 246-271.
- [with Ilmakunnas, P.], What distinguishes a serial entrepreneur?, Industrial and Corporate Change, 2007, Vol. 16 (5), pp. 793-821.
- [with Ruuskanen, O-P.], Time use of the self-employed, Kyklos, 2007, Vol. 60, No. 1, pp. 87-103.
- [with Pajarinen, M.], Is the cost of debt capital higher for younger firms?, Scottish Journal of Political Economy, 2007, Vol. 54, No. 1, pp. 55-71.
- [with Ilmakunnas, P.], Entrepreneurial aspirations: Another form of job search?, Small Business Economics, 2007, Vol. 29, Numbers 1-2 / June, pp. 63-80.
- [with Väänänen, L.], Where do financial constraints come from? An empirical analysis of adverse selection and moral hazard in capital markets, Small Business Economics, 2006, Vol. 27, No. 4-5, pp. 323-348.
- [with Takalo, T.], Corporate law and small business finance: Mandatory v. enabling rules, European Business Organization Law Review, 2005, Vol. 6, Issue 3, pp. 449-466.
- [with Toivanen, O.], Do financial constraints hold back innovation and growth? Evidence on the role of public policy, Research Policy, 2005, Vol. 34, Issue 9, pp. 1385-1403.
- [with Ali-Yrkkö, J. and Pajarinen, M.], Does patenting increase the probability of being acquired? Evidence from cross-border and domestic acquisitions, Applied Financial Economics, 2005, Vol. 15, pp. 1007–1017.
- [with Pajarinen, M.], External finance, firm growth and the benefits of information disclosure: Evidence from Finland, European Journal of Law and Economics, 2005, Vol. 19, pp. 69-93.
- [with Pajarinen, M.], Financing of technology-intensive small businesses: Some evidence on the uniqueness of the ICT sector, Information Economics and Policy, 2005, Vol. 17, Issue 1, pp. 115-132. [ The sixth most frequently downloaded paper of the journal during the first quarter of 2005 according to The TOP25 Hottest Articles by ScienceDirect. ]
- [with Takalo, T.], Preventing systemic crises through bank transparency, Economic Notes, 2004, Vol. 33, Issue 2, pp. 257-274.
- [with Toivanen, O.], Vertical differentiation, asymmetric information and endogenous bank screening, Topics in Theoretical Economics, 2004, Vol. 4., No. 1, Article 5.
- [with Toivanen, O.], Monitoring and market power in credit markets, International Journal of Industrial Organization, 2004, Vol. 22, Issue 2, pp. 269-288.
- [with Kuosa, I. and Takalo, T.], Law or finance? Evidence from Finland, European Journal of Law and Economics, 2003, Vol. 16, pp. 59-89.
- [with Toivanen, O.], Asymmetric information and the market structure of the venture capital industry, Journal of Financial Services Research, 2003, Vol. 23:3, pp. 241-249.
- Information production and lending market competition, Journal of Economics and Business, 2003, Vol. 55, pp. 233-253.
- Loan market equilibrium with difference of opinion and imperfect competition, Economics Letters, 2003, Vol. 78, pp. 125-129. [ science direct ]
- [with Takalo, T.], Enhancing bank transparency: A re-assessment, European Finance Review, 2002, Vol. 6, Issue 3, 429-445.
- The time profile of risk in banking crises: Evidence from Scandinavian banking sectors, Applied Financial Economics, 2002, Vol. 12, pp. 613-623.
Chapters in International Books
- Finland’s emergence as a global ICT player: Lessons from the Finnish wireless cluster [with L. Paija, P. Rouvinen and P. Ylä-Anttila], In: How Revolutionary Was the Digital Revolution?: National Responses, Market Transitions, and Global Technology (eds. A. Newman and J. Zysman), Stanford University Press, 2006.
- How important are exits for venture capital finance: Evidence from Finland, In: Venture Capital, Entrepreneurship and Public Policy (eds. C. Keuschnigg and V. Kanniainen), The MIT Press, 2005, pp. 127-150.
Other Publications in English
- [with Murray, G. and Maula, M.] Growth Entrepreneurship and Finance, In: Evaluation of the Finnish National Innovation System - Full Report (eds. R. Veugelers, K. Aiginger, D. Breznitz, C. Edquist, G. Murray, G. Ottaviano, A. Hyytinen, A., Kangasharju, M. Ketokivi, T. Luukkonen, M. Maliranta, M. Maula, P. Okko, P. Rouvinen, M., Sotarauta, T. Tanayama, O. Toivanen & P. Ylä-Anttila), Taloustieto Oy (on behalf of the Ministry of Education and the Ministry of Employment and the Economy), 2009, pp.147-201.
- [with Maula, M.] What’s ahead for Finland, its venture capital and private equity in particular?, The Finnish Venture Capital Association Year Book 2005, pp. 10-12.
- [with Rouvinen, P.] What’s ahead for Finland?, The Finnish Venture Capital Association Year Book 2004, pp. 10-13.
[ please see my CV for a complete list of other publications in English ]
Publications in Finnish
[ please go to Suomeksi for a complete list of my publications in Finnish ]