Juha-Pekka Kallunki

Juha-Pekka Kallunki

PhD

Professor

Biography

Juha-Pekka Kallunki is a Professor of Accounting at the University of Oulu, and a Visiting Professor of Accounting at the Stockholm School of Economics and the Aalto University School of Business. His current research interests include financial reporting, auditing, executive compensation and corporate governance.

He has published 54 original research articles. The list of journals includes the FT 50 list journals Journal of Accounting and Economics, Journal of Financial Economics, Contemporary Accounting Research and Review of Accounting Studies. He serves on the Editorial boards of European Accounting Review and Journal of Multinational Financial Management. He has also published seven books in his expertise area.

Research interests

  • Corporate governance
  • Insider trading
  • Auditing
  • Firm valuation

Recent papers accepted for publication

Kallunki, Jenni & Juha-Pekka Kallunki & Lasse Niemi & Henrik Nilsson (2018), “IQ and Audit Quality: Do Smarter Auditors Deliver Better Audits?”, Contemporary Accounting Research (Forthcoming).

Ikäheimo, Seppo & Juha-Pekka Kallunki & Sinikka Moilanen & Eduardo Schiehll (2018), “Do White-Collar Employee Incentives Improve Firm Profitability?”, Journal of Management Accounting Research (Forthcoming).

Major external funding

Academy of Finland

- Managerial traits and equity-based compensation, Sep 2014 – Aug 2018

- Do Investors Recognize the Implicit Economic Benefits from the R&D Spending of the Firm?, Aug 2008 – Dec 2009

- Value Creation and Capture in R&D Investments: International and Finnish Evidence, Jan 2006 – Dec 2008

Business Finland (National Technology Agency)

- Dynamics of Mergers and Acquisitions and Strategies for Growth, Mar 2008 – June 2010

- Strategies for Growth in Technology-Based Industries, Jan 2006 – Jun 2008

OKO Bank of Finland Foundation

- Economic and financial consequences of high technology industries, 2000-2004

Professional and community activities

  • Dean of the Finnish Doctoral Programme in Business Studies (KATAJA), 2014-
  • Vice Dean of the Oulu Business School, University of Oulu, Finland, 2000 - 2009
  • Chairperson of the Dept. of Accounting and Finance, Oulu Business School, University of Oulu, Finland, 2000 - 2008
  • Chairperson of the Dept. of Economics, Accounting and Finance, Oulu Business School, University of Oulu, Finland, 2018-

Selected publications

  • Kallunki, Jenni; Kallunki, Juha-Pekka; Nilsson, Henrik; Puhakka, Mikko (2018) Do an insider's wealth and income matter in the decision to engage in insider trading?. - Journal of financial economics 130 (1), 135-165 . [Original]
  • Amir, Eli; Kallunki, Juha-Pekka; Nilsson, Henrik (2014) The association between individual audit partners' risk preferences and the composition of their client portfolios. - Review of Accounting Studies 19 (1), 103-133
  • Kallunki, Juha-Pekka; Pyykkö, Elina (2013) Do defaulting CEOs and directors increase the likelihood of financial distress of the firm?. - Review of Accounting Studies 18 (1), 228-260
  • Chenhall Robert H., Kallunki Juha-Pekka, Silvola Hanna (2011) Exploring the relationships between strategy, innovation and management control systems: the roles of social networking, organic innovative culture and formal controls. - Journal of management accounting research 23, 99-128
  • Zerni Mikko; Kallunki Juha-Pekka; Nilsson Henrik (2010) The Entrenchment Problem, Corporate Governance Mechanisms, and Firm Value. - Contemporary accounting research 27 (4), 1169–1206
  • Kallunki, Juha-Pekka, Nilsson Henrik, Hellström Jörgen (2009) Why do insiders trade? Evidence based on unique data on Swedish insiders. - Journal of Accounting and Economics 48, 37-53
  • Kallunki, Juha-Pekka & Silvola, Hanna (2008) Effect of organizational life cycle stage on the use of activity-based costing. - Management Accounting Research 19 (1), 62-79

Thesis supervisions

Anna Elsilä (2015), ‘Essays on executive equity-based compensation and equity ownership’, Acta Universitatis Ouluensis
Anna-Maija Lantto (2014), ‘International financial reporting standards adoption in a continental European context: perspectives of preparers’, Acta Universitatis Ouluensis G64
Elina Pyykkö (2010), ‘Stock market response to research and development expenditures of the firm in the context of mergers and acquisitions’, Acta Universitatis Ouluensis G50
Henry Jarva (2010), ‘Essays on accounting conservatism and goodwill write-offs’, Acta Universitatis Ouluensis G44
Alexandra Bagaeva (2010), ‘The quality of published accounting information in Russia’, Acta Universitatis Ouluensis G42
Mikko Zerni (2009), ‘Essays on audit quality’, Acta Universitatis Ouluensis G39
Sinikka Moilanen (2008), ‘The role of accounting in management control systems of firms having subsidiaries in the former Soviet Union’, Acta Universitatis Ouluensis G34
Johanna Hyvönen (2008), ‘Linking management accounting and control systems, strategy, information technology, manufacturing technology and organizational performance of the firm in contingency framework’, Acta Universitatis Ouluensis G31
Sinikka Jänkälä (2007), ‘Management control systems (MCS) in the small business context: linking effects of conceptual factors with MCS and financial performance of small firms’, Acta Universitatis Ouluensis G30
Pasi Karjalainen (2007), ‘Valuation of intangible assets in different financial environment’, Acta Universitatis Ouluensis G29
Hanna Silvola (2007), ‘Management accounting and control systems used by R&D intensive firms in different organizational life-cycle stages’, Acta Universitatis Ouluensis G26
Janne Peltoniemi (2004), ‘The value of relationship banking’, Acta Universitatis Ouluensis G15
Erkki Kytönen (2004), ‘Cash management behavior of firms and its structural change in an emerging money market’, Acta Universitatis Ouluensis G14
Markku Vieru (2000), ‘Essays on investors’ trading policy around interim earnings announcements in a thinly traded securities market’, Acta Universitatis Ouluensis G8
Pekka Larkomaa (1999), ‘Long-term overreaction in the Finnish stock market’, Acta Universitatis Ouluensis G6
Jaakko E. Niemelä (1999), ‘Assessment of capital adequacy in the banking sector’, Acta Wasaensia 68.

Research visits

  • BI – Norwegian Business School, Oslo, Norway
    26.4.2018 to 27.4.2018

    Second Annual Scandinavian Accounting Research Conference. Invited presentation of the paper “CEO Personal and Corporate Tax Avoidance Consistency”.

  • University of Gothenburg
    22.2.2018

    Invited presentation “Do Auditors’ IQ and Criminal Behavior Explain Audit Outcomes? Evidence from Sweden”

  • The 11th Tel Aviv Conference in Accounting, Coller School of Management, Tel Aviv University
    19.6.2017

    Invited presentation of the paper “Do an Insider’s Wealth and Income Matter in the Decision to Engage in Insider Trading? ”

  • University of Padova
    18.5.2017

    Invited presentation of the paper “Do Smarter Auditors Deliver Better Audit Quality? Archival Evidence Based on Unique IQ Data on Swedish Auditors”

  • Maastricht University
    22.3.2017

    Invited presentation “Do Smarter Auditors Deliver Better Audit Quality? Archival Evidence Based on Unique IQ Data on Swedish Auditors”

  • WHU – Otto Beisheim School of Management
    2.12.2016

    Invited presentation of the paper “Do Smarter Auditors Deliver Better Audit Quality? Archival Evidence Based on Unique IQ Data on Swedish Auditors”

  • American Accounting Association, Annual Meeting 2016
    9.8.2016

    Presentation of the paper “Do an Insider’s Wealth and Income Matter in the Decision to Engage in Informed Insider Trading?”

  • The 12th Workshop on Accounting and Economics, Tilburg, Netherlands
    23.6.2016

    Presentation of the paper “Do an Insider’s Wealth and Income Matter in the Decision to Engage in Informed Insider Trading?” (Paper presented by Jenni Mikkonen).

  • Aalto University School of Business
    13.6.2016

    Invited presentation of the paper “Do Smarter Auditors Deliver Better Audit Quality? Archival Evidence Based on Unique IQ Data on Swedish Auditors”