Vesa Pursiainen

University of St. Gallen

Swiss Institute of Banking and Finance

Unterer Graben 21

St.Gallen, 9000

Switzerland

Swiss Finance Institute

c/o University of Geneva

40, Bd du Pont-d'Arve

CH-1211 Geneva 4

Switzerland

SCHOLARLY PAPERS

20

DOWNLOADS
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Top 12,041

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6,845

SSRN CITATIONS
Rank 26,984

SSRN RANKINGS

Top 26,984

in Total Papers Citations

32

CROSSREF CITATIONS

6

Scholarly Papers (20)

1.

Cultural Biases in Equity Analysis

Journal of Finance, Forthcoming
Number of pages: 121 Posted: 19 Apr 2018 Last Revised: 18 Jun 2021
Vesa Pursiainen
University of St. Gallen
Downloads 982 (39,301)
Citation 16

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cultural bias, trust, analyst recommendation, stock returns

2.

Stress Testing Banks' Digital Capabilities: Evidence From the COVID-19 Pandemic

Number of pages: 72 Posted: 18 Sep 2020 Last Revised: 25 Feb 2023
Alan Kwan, Chen Lin, Vesa Pursiainen and Mingzhu Tai
The University of Hong Kong, The University of Hong Kong - Faculty of Business and Economics, University of St. Gallen and The University of Hong Kong, Faculty of Business and Economics
Downloads 813 (51,129)

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information technology, banks, branches, COVID-19, SME loans

3.

The Disutility of Stock Market Losses: Evidence From Domestic Violence

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 103 Posted: 21 Jan 2018 Last Revised: 10 Feb 2022
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 760 (55,872)

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domestic violence, intimate partner violence, stock market losses, disutility, financial stress

4.

Regional Social Capital and Moral Hazard in Crowdfunding

Number of pages: 83 Posted: 20 Dec 2017 Last Revised: 28 Mar 2022
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 540 (86,482)
Citation 16

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crowdfunding, social capital, formal and informal institutions, Kickstarter, moral hazard

5.

Entrepreneur Debt Aversion and Financing Decisions: Evidence from COVID-19 Support Programs

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 57 Posted: 24 Jun 2020 Last Revised: 24 May 2023
Mikael Paaso, Vesa Pursiainen and Sami Torstila
Erasmus University Rotterdam (EUR), University of St. Gallen and Aalto University
Downloads 481 (99,749)
Citation 1

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debt aversion, small business loans, liquidity, COVID-19, government support

6.

Gender Differences in Reward-Based Crowdfunding

Number of pages: 71 Posted: 01 Oct 2017 Last Revised: 11 Oct 2022
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 392 (126,992)
Citation 4

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crowdfunding, fintech, gender differences, overconfidence, Kickstarter

7.

The Role of Statistical Literacy in Risk Assessment and Behavior - Evidence from the COVID-19 Pandemic

Number of pages: 47 Posted: 01 Nov 2020 Last Revised: 22 Apr 2022
Daniel Metzger, Mikael Paaso and Vesa Pursiainen
Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM), Erasmus University Rotterdam (EUR) and University of St. Gallen
Downloads 375 (133,164)

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statistical literacy, COVID-19, risk estimates, social distancing, vaccination

8.

Social Trust Distance in Mergers and Acquisitions

Number of pages: 58 Posted: 03 Sep 2017 Last Revised: 28 Jun 2023
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 330 (152,934)

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mergers and acquisitions, cultural difference, trust, social capital, synergies

9.

Trust in Finance and Consumer Fintech Adoption

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 59 Posted: 26 Oct 2021 Last Revised: 10 Apr 2023
Mikael Paaso, Deniz Okat and Vesa Pursiainen
Erasmus University Rotterdam (EUR), Hong Kong University of Science & Technology (HKUST) and University of St. Gallen
Downloads 288 (176,668)

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trust in finance, fintech adoption, experimental finance

10.

Competition and the Reputational Costs of Litigation

University of St.Gallen, School of Finance Research Paper No. 2020/07 , Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 60 Posted: 11 Dec 2020 Last Revised: 21 Nov 2022
Felix von Meyerinck, Vesa Pursiainen and Markus Schmid
University of Zurich - Department of Banking and Finance, University of St. Gallen and University of St. Gallen - Swiss Institute of Banking and Finance
Downloads 284 (179,880)

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class action lawsuits, corporate misbehavior, competition, reputational costs

11.

Competitive Pressure and ESG

Swiss Finance Institute Research Paper No. 23-69
Number of pages: 72 Posted: 28 Aug 2023 Last Revised: 23 Sep 2023
Vesa Pursiainen, Hanwen Sun and Yue Xiang
University of St. Gallen, University of Bath, School of Management and University of Bath, School of Management
Downloads 249 (210,977)

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competition, product market threats, ESG, sustainability, international trade

12.

Analyst Incentives and Stock Return Synchronicity: Evidence from MiFID II

Financial Analysts Journal, 2022, 78(4): 77-97. DOI: 10.1080/0015198X.2022.2096990.
Number of pages: 76 Posted: 21 Sep 2020 Last Revised: 07 Dec 2022
Yihan Li, Xin Liu and Vesa Pursiainen
University of Bath, School of management, School of Finance, Renmin University of China and University of St. Gallen
Downloads 234 (217,164)

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stock return synchronicity, price informativeness, sell-side analysts, MiFID II

13.

Geographic Proximity in Short Selling

Number of pages: 61 Posted: 07 Jun 2021 Last Revised: 29 Aug 2023
Xiaolin Huo, Xin Liu and Vesa Pursiainen
University of International Business and Economics (UIBE), School of Finance, Renmin University of China and University of St. Gallen
Downloads 229 (222,709)

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short selling, geography, information, investor performance, hedge funds

14.

Retail Customer Reactions to Private Equity Acquisitions

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC, Swiss Finance Institute Research Paper No. 23-05
Number of pages: 68 Posted: 26 Oct 2021 Last Revised: 22 May 2023
Vesa Pursiainen and Tereza Tykvova
University of St. Gallen and University of St. Gallen - Swiss Institute of Banking and Finance
Downloads 211 (239,431)

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private equity, buyout, customer reaction, reputation

15.

The Round Number Heuristic and Entrepreneur Crowdfunding Performance

Journal of Corporate Finance, Forthcoming
Number of pages: 62 Posted: 16 Aug 2018 Last Revised: 07 Jan 2021
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 189 (264,674)
Citation 1

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crowdfunding performance, round number heuristic, Kickstarter, fintech, entrepreneur

16.

Retail Investors’ Cryptocurrency Investments

Swiss Finance Institute Research Paper No. 23-51, Swiss Finance Institute Research Paper No. 23-51
Number of pages: 62 Posted: 14 Nov 2022 Last Revised: 21 Sep 2023
Vesa Pursiainen and Jan Toczynski
University of St. Gallen and University of Zurich
Downloads 188 (267,224)

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cryptocurrency, retail investors, fintech, market timing

17.

Business Outlook and Financing Alternatives of Finnish Entrepreneurs During the COVID-19 Crisis

Nordic Journal of Business, Forthcoming
Number of pages: 31 Posted: 05 Feb 2021
Mikael Paaso, Vesa Pursiainen and Sami Torstila
Erasmus University Rotterdam (EUR), University of St. Gallen and Aalto University
Downloads 103 (427,343)
Citation 1

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COVID-19, Business outlook, Public subsidies, Finland

18.

Partisan Depositor Responses to a Currency Shock

Number of pages: 57 Posted: 07 Apr 2021
Xiangyang Gao, Chen Lin, Vesa Pursiainen and Yuchen Xu
The University of Hong Kong - University of Hong Kong, The University of Hong Kong - Faculty of Business and Economics, University of St. Gallen and Peking University HSBC Business School
Downloads 102 (430,310)

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currency shock, household behavior, bank deposits, exchange rate risk

19.

The Role of Stock Indices in Analyst Career Outcomes and Stock Recommendations

University of St.Gallen, School of Finance Research Paper No. 4414198, Swiss Finance Institute Research Paper No. 23-50
Number of pages: 55 Posted: 13 Apr 2023 Last Revised: 22 Jun 2023
Stefan Pohl and Vesa Pursiainen
University of Zurich and University of St. Gallen
Downloads 75 (524,567)

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Career concerns, analyst recommendations, index membership, bias, conflict of interest

20.

Borrower Misreporting and Credit Risk: Evidence from Marketplace Loans

Number of pages: 81 Posted: 12 Feb 2019 Last Revised: 10 Apr 2023
Vesa Pursiainen
University of St. Gallen
Downloads 20 (850,838)

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marketplace loan, misreporting, inaccurate information, credit risk