Finance research at Oulu Business School focuses on individual investors’ actions in the financial markets. The research utilizes large empirical datasets covering individuals’ securities transactions. The research projects include analyzing the rationality of investors’ decision making under standard models of finance, analyzing the reasons for the possible deviations from the standard model’s prediction of behavior, and developing alternative theoretical models to help understand these seemingly irrational behaviors. A subset of individual investors of particular interest is that of corporate insiders, with recent research work focused on the information content of insider stock transactions around corporate stock offerings. Additional work in the department is focused on banks’ operational responses to a negative interest rate environment.

One of our large projects is involved with the analysis of individual investor behavior as part of a multidisciplinary research project which concentrates on individuals in the famous Northern Finland Birth Cohort 1966. The project is looking at cohort members’ stock transactions, evaluating their attitudes towards return and risk, and searching for relationships between the investors’ behavior and their investor profiles, personal characteristics and personality.

Last updated: 25.11.2019