Yrjo Koskinen

Haskayne School of Business, University of Calgary

Professor of Finance, Associate Dean for Research

SH 154, 2500 University Drive NW

Calgary, Alberta T2N 1N4

Canada

http://https://haskayne.ucalgary.ca/haskayne_info/profiles/yrjo-koskinen

European Corporate Governance Institute (ECGI)

Research Member

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http://https://ecgi.global/users/yrj%C3%B6-koskinen

SCHOLARLY PAPERS

22

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11,440

SSRN CITATIONS
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SSRN RANKINGS

Top 3,552

in Total Papers Citations

286

CROSSREF CITATIONS

101

Scholarly Papers (22)

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 359/2013
Number of pages: 48 Posted: 20 Nov 2011 Last Revised: 19 Jan 2018
Rui A. Albuquerque, Yrjo Koskinen and Chendi Zhang
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and University of Exeter Business School
Downloads 2,758 (5,743)
Citation 13

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corporate social responsibility, product differentiation, systematic risk, beta, firm value, industry equilibrium

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

Forthcoming in Management Science, DOI/10.1287/mnsc.2018.3043, WBS Finance Group Research Paper No. 259
Number of pages: 19 Posted: 28 Nov 2018
Rui A. Albuquerque, Yrjo Koskinen and Chendi Zhang
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and University of Exeter Business School
Downloads 173 (217,996)
Citation 54

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corporate social responsibility, product differentiation, systemic risk, beta, firm value, industry equilibrium

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

CEPR Discussion Paper No. DP9533
Number of pages: 49 Posted: 09 Jul 2013 Last Revised: 07 Nov 2019
Rui A. Albuquerque, Art Durnev and Yrjo Koskinen
Boston College, Carroll School of Management, University of Iowa - Henry B. Tippie College of Business and Haskayne School of Business, University of Calgary
Downloads 1 (828,687)
Citation 13
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beta, corporate social responsibility, firm value, industry equilibrium, product differentiation, systematic risk

2.

Resiliency of Environmental and Social Stocks: An Analysis of the Exogenous COVID-19 Market Crash

European Corporate Governance Institute – Finance Working Paper No. 676/2020
Number of pages: 42 Posted: 24 Apr 2020 Last Revised: 28 Aug 2021
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary, University of Calgary - Haskayne School of Business and University of Exeter Business School
Downloads 1,656 (13,305)
Citation 31

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ESG, CSR, COVID-19, market crash, exogenous shock, stock returns, volatility, customer loyalty, investor loyalty

3.

Corporate Financial Policies and Performance Around Currency Crises

Yale ICF Working Paper No. 00-61
Number of pages: 60 Posted: 31 Oct 2001
Arturo Bris, Yrjo Koskinen and Vicente Pons-Sanz
IMD International, Haskayne School of Business, University of Calgary and Yale School of Management
Downloads 1,087 (25,209)
Citation 2

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Currency Crises, Corporate Leverage, Capital Structure, Profitability, Exchange Rates

4.

Investor Protection and the Demand for Equity

European Corporate Governance Institute (ECGI) Research Paper No. 64/2004
Number of pages: 50 Posted: 13 Jun 2003
Mariassunta Giannetti and Yrjo Koskinen
Stockholm School of Economics and Haskayne School of Business, University of Calgary
Downloads 975 (29,473)
Citation 11

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Investor Protection, Private Benefits of Control, Portfolio Choice, Home Equity Bias, Limited Participation

Corporate Leverage and Currency Crises

AFA 2001 New Orleans; Yale ICF & SOM Working Paper No. ICF - 00-05
Number of pages: 36 Posted: 30 Mar 2000
Arturo Bris and Yrjo Koskinen
IMD International and Haskayne School of Business, University of Calgary
Downloads 864 (34,386)
Citation 1

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Corporate Leverage and Currency Crises

Journal of Financial Economics (JFE), Vol. 63, No. 2, 2002
Posted: 17 Aug 2008
Arturo Bris and Yrjo Koskinen
IMD International and Haskayne School of Business, University of Calgary

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currency depreciation, debt overhang, emerging markets, efficient investment policy, excessive risk taking

6.

The Euro is Good after All: Corporate Evidence

Yale ICF Working Paper No. 02-26
Number of pages: 56 Posted: 27 Aug 2002
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 695 (46,910)
Citation 9

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Economic and Monetary Union (EMU), The Euro, Valuation, Investment, Debt, Equity, Cost of Capital, Currency Risk

Informed Trading, Short Sales Constraints, and Futures' Pricing

Bank of Finland Discussion Papers 4/2000
Number of pages: 32 Posted: 28 Mar 2000
Yrjo Koskinen, Pekka Hietala and Esa Jokivuolle
Haskayne School of Business, University of Calgary, INSEAD - Finance and Bank of Finland, Research Unit
Downloads 623 (53,529)

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Futures' markets, short sales constraints, asymmetric information

Informed Trading, Short Sales Constraints and Futures' Pricing

Bank of Finland Research Discussion Paper No. 4/2000
Number of pages: 32 Posted: 17 Aug 2017 Last Revised: 20 Jun 2018
Pekka Hietala, Esa Jokivuolle and Yrjo Koskinen
INSEAD - Finance, Bank of Finland, Research Unit and Haskayne School of Business, University of Calgary
Downloads 18 (678,250)

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Private Information and Bargaining Power in Venture Capital Financing

Journal of Economics and Management Strategy, Forthcoming
Number of pages: 46 Posted: 04 Mar 2008 Last Revised: 07 Jun 2013
Yrjo Koskinen, Michael J. Rebello and Jun Wang
Haskayne School of Business, University of Calgary, University of Texas at Dallas - Naveen Jindal School of Management and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 448 (80,742)
Citation 2

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Venture capital, Asymmetric information, Bargaining power, Financial contracting, Investment distortions

Private Information and Bargaining Power in Venture Capital Financing

Journal of Economics & Management Strategy, Vol. 23, Issue 4, pp. 743-775, 2014
Number of pages: 33 Posted: 25 Oct 2014
Yrjo Koskinen, Michael J. Rebello and Jun Wang
Haskayne School of Business, University of Calgary, University of Texas at Dallas - Naveen Jindal School of Management and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 1 (828,687)
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Investor Protection, Equity Returns and Financial Globalization

Number of pages: 58 Posted: 07 Nov 2006 Last Revised: 27 Oct 2008
Mariassunta Giannetti and Yrjo Koskinen
Stockholm School of Economics and Haskayne School of Business, University of Calgary
Downloads 439 (82,726)
Citation 38

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G11, G32, G38, F21, F36

Investor Protection, Equity Returns, and Financial Globalization

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Posted: 16 Jun 2008 Last Revised: 27 Mar 2012
Mariassunta Giannetti and Yrjo Koskinen
Stockholm School of Economics and Haskayne School of Business, University of Calgary

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Investor Protection, Corporate Governance, Private Benefits of Control, Stock Returns, Portfolio Choice, Home Equity Bias

10.
Downloads 346 (109,627)

The Euro and Corporate Valuations

Boston University School of Management Working Paper No. 2006-21
Number of pages: 60 Posted: 28 Feb 2004 Last Revised: 27 Oct 2008
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 346 (108,871)
Citation 22

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Economic and Monetary Union (EMU), the euro, valuation, cost of capital, currency risk, currency union

The Euro and Corporate Valuations

Review of Financial Studies, Forthcoming
Posted: 12 May 2008
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission

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Economic and Monetary Union (EMU), the euro, valuation, cost of capital, currency risk, currency union

The Euro and Corporate Valuations

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3171-3209, 2009
Posted: 05 Aug 2009
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission

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F33, F36, G32

11.
Downloads 336 (113,300)
Citation 4

The Euro and Corporate Financing before the Crisis

Boston U. School of Management Research Paper No. 2011-1
Number of pages: 45 Posted: 10 Feb 2011 Last Revised: 14 Mar 2014
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 190 (199,606)

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euro, financial integration, external financing, debt financing, supply of capital, financial dependence

The Euro and Corporate Financing

Bank of Finland Research Discussion Paper No. 6/2011
Number of pages: 66 Posted: 12 Apr 2011
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 73 (402,276)

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euro, external financing, supply of capital, financial development, financial dependence, financial integration

The Euro and Corporate Financing before the Crisis

Journal of Financial Economics (JFE), Vol. 114, No. 3, 2014
Number of pages: 45 Posted: 10 Nov 2015 Last Revised: 06 May 2016
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 70 (411,905)
Citation 2

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euro, external financing, debt financing, leverage, supply of capital, financial dependence, financial fragility

The Euro and Corporate Financing

CEPR Discussion Paper No. DP8227
Number of pages: 60 Posted: 09 Feb 2011
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 3 (804,819)
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euro, external financing, financial dependence, financial development, supply of capital

The Real Effects of the Euro: Evidence from Corporate Investments

EFA 2004 Maastricht Meetings Paper No. 4652
Number of pages: 53 Posted: 02 Jul 2004
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 268 (143,331)
Citation 2

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EMU, the euro, investments, currency union, financial constraints

The Real Effects of the Euro: Evidence from Corporate Investments

Number of pages: 38 Posted: 21 Sep 2004
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 18 (678,250)
Citation 2
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Economic and Monetary Union (EMU), the euro, investments, cost of capital, currency union

The Real Effects of the Euro: Evidence from Corporate Investments

Review of Finance, Vol. 10, No. 1, 2006
Posted: 08 Jun 2005
Arturo Bris, Mattias Nilsson and Yrjo Koskinen
IMD International, U.S. Securities and Exchange Commission and Haskayne School of Business, University of Calgary

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EMU, the euro, currency union, investments

The Real Effects of the Euro: Evidence from Corporate Investments

Review of Finance, Vol. 10, Issue 1, pp. 1-37, 2006
Posted: 01 Sep 2008
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission

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13.

Innovation, Competition, and Investment Timing

Review of Corporate Finance Studies, Forthcoming, Boston U. School of Management Research Paper No. 2012-25
Number of pages: 45 Posted: 29 Sep 2012 Last Revised: 06 May 2016
Yrjo Koskinen and Joril Maeland
Haskayne School of Business, University of Calgary and NHH Norwegian School of Economics - Department of Finance
Downloads 204 (187,210)

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Real options, Investment timing, Adverse selection, Incentives, Innovation Auctions

14.

Does Limited Liability Matter? Evidence from a Quasi-Natural Experiment

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC, European Corporate Governance Institute – Finance Working Paper No. 740/2021
Number of pages: 71 Posted: 24 Mar 2020 Last Revised: 19 Mar 2021
Yrjo Koskinen, Nga Nguyen and J. Ari Pandes
Haskayne School of Business, University of Calgary, Universite du Quebec a Montreal and University of Calgary - Haskayne School of Business
Downloads 149 (245,662)

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Limited Liability, Income Trusts, Financing, Investments

Mutual Fund Loyalty and ESG Stock Resilience during the COVID-19 Stock Market Crash

European Corporate Governance Institute – Finance Working Paper No. 782/2021
Number of pages: 64 Posted: 23 Aug 2021 Last Revised: 07 Sep 2021
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and Bank of Italy
Downloads 140 (259,018)

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Environmental and social responsibility, institutional investors, fund flows, trading horizon, COVID-19, stock market crash, investor loyalty

Mutual Fund Loyalty and ESG Stock Resilience During the COVID-19 Stock Market Crash

CEPR Discussion Paper No. DP16477
Number of pages: 61 Posted: 27 Sep 2021
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary and Bank of Italy
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COVID-19, Environmental and social responsibility, Fund flows, institutional investors, investor loyalty, Stock Market Crash, trading horizon

Phoenix Rising: Legal Reforms and Changes in Valuations in Finland During the Economic Crisis

Bank of Finland Research Discussion Paper No. 1/2007, Boston University School of Management Working Paper No. 2006-18
Number of pages: 48 Posted: 28 Oct 2006 Last Revised: 27 Oct 2008
Timo P. Korkeamaki, Yrjo Koskinen and Tuomas Takalo
Hanken School of Economics - Department of Finance and Statistics, Haskayne School of Business, University of Calgary and Bank of Finland, Monetary Policy and Research Department
Downloads 100 (331,157)
Citation 1

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corporate governance, bankruptcy, financial supervision, shareholder protection, creditors' rights, corporate valuations, political economy

Phoenix Rising: Legal Reforms and Changes in Valuations in Finland During the Economic Crisis

Journal of Financial Stability, Vol. 3, No. 1, 2007
Posted: 09 Nov 2007 Last Revised: 27 Oct 2008
Timo P. Korkeamaki, Yrjo Koskinen and Tuomas Takalo
Hanken School of Economics - Department of Finance and Statistics, Haskayne School of Business, University of Calgary and Bank of Finland, Monetary Policy and Research Department

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corporate governance, bankruptcy, financial supervision, shareholder protection, creditors' rights, corporate valuations, political economy

17.

If You Want to Maximize Profits, Manage for the Long-Term

Number of pages: 43 Posted: 30 Oct 2020
Yrjo Koskinen, J. Ari Pandes and Shuai Yang
Haskayne School of Business, University of Calgary, University of Calgary - Haskayne School of Business and University of Calgary - Haskayne School of Business
Downloads 63 (430,040)

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constituency statutes, long-termism, profitability, executive compensation, employee turnover, trade credit

18.

Investor Protection and Equity-Holdings: An Explanation of Two Puzzles?

Number of pages: 39 Posted: 01 Oct 2003
Mariassunta Giannetti and Yrjo Koskinen
Stockholm School of Economics and Haskayne School of Business, University of Calgary
Downloads 24 (613,588)
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Home equity bias, portfolio choice, limited participation, investor protection, private benefits of control

19.

The Euro is Good after All: Evidence from Corporate Valuations

Number of pages: 47 Posted: 22 Jul 2003
Arturo Bris, Yrjo Koskinen and Mattias Nilsson
IMD International, Haskayne School of Business, University of Calgary and U.S. Securities and Exchange Commission
Downloads 24 (613,588)
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Economic and monetary union (EMU), the euro, valuation, cost of capital, currency risk, currency union

20.

Venture Capital Financing: The Role of Bargaining Power and the Evolution of Informational Asymmetry

CEPR Discussion Paper No. 5806
Number of pages: 56 Posted: 11 Oct 2006
Yrjo Koskinen, Michael J. Rebello and Jun Wang
Haskayne School of Business, University of Calgary, University of Texas at Dallas - Naveen Jindal School of Management and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 23 (620,351)
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Asymmetric information, financial contracting, venture capital, bargaining power, investment distortions

21.

Love in the Time of COVID-19: The Resiliency of Environmental and Social Stocks

CEPR Discussion Paper No. DP14661
Number of pages: 32 Posted: 08 May 2020
Boston College, Carroll School of Management, Haskayne School of Business, University of Calgary, University of Calgary - Haskayne School of Business and University of Exeter Business School
Downloads 7 (740,268)
Citation 3
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COVID-19, Customer loyalty, ESG, market crash, Stock returns, trading volume, volatility

22.

Corporate Financial Policies and Performance Around Currency Crises

Journal of Business, Vol. 77, No. 4, October 2004
Posted: 23 Feb 2004
Arturo Bris, Yrjo Koskinen and Vicente Pons-Sanz
IMD International, Haskayne School of Business, University of Calgary and Yale School of Management

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Currency crises, corporate leverage, capital structure, profitability, exchange rates