Purchases of own-company options by rank-and-file employees in Finland predict weekly stock returns.
I am an Assistant Professor of Finance at the Hanken School of Economics, in Finland.
In 2024, I received a PhD from Aalto University, also in Finland.
In my research, I focus on the decision-making of retail investors, employees, and executives.
For my CV, please click here.
Research
Beliefs, Reference Points, and the Disposition Effect: Evidence from Option Traders (With Aleksi Pitkäjärvi and Petra Vokata)
Diversification at Work: Evidence From Employee Stock Options
Insider Trading With Options
Revise and Resubmit at the Journal of Corporate Finance
• Engelbert Dockner Memorial Prize for the Best Paper by Young Researchers at the 52nd EFA (runner-up)
• Best PhD student paper at the 6th FutFinInfo Conference
• Selected presentations: NFA, FutFinInfo, EFA | SSRN |
Revise and Resubmit at the Journal of Corporate Finance
• Engelbert Dockner Memorial Prize for the Best Paper by Young Researchers at the 52nd EFA (runner-up)
• Best PhD student paper at the 6th FutFinInfo Conference
• Selected presentations: NFA, FutFinInfo, EFA | SSRN |
Comments to the Editor on "The Willingness to Pay for Diversification" (With Aleksi Pitkäjärvi)
This work grew out of an assignment in the Management Science Reproducibility Project. We document numerous discrepancies between the results reported in Mahmoud (2022) and the results calculated from the experimental data.
Panic Herding: COVID-19 Experiences and the Interpretation of Earnings News
Journal of Economics and Business (2024) | DOI | PDF | Analysts' Information |This work is based on my second-year summer PhD paper. Local experiences of the COVID-19 pandemic affect sell-side analysts’ interpretation of earnings news.
Reproducibility in Management Science (With Miloš Fišar et al.)
Note: as member of the Management Science Reproducibility Collaboration
As part of a team of over 700 reviewers, I assessed the reproducibility of two articles published in Management Science.