Sami Vähämaa

University of Vaasa

Professor of Accounting and Finance

P.O. Box 700

Vaasa, FI-65101

Finland

http://www.uva.fi/~sami

SCHOLARLY PAPERS

33

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CITATIONS
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13

Scholarly Papers (33)

1.

Did Good Corporate Governance Improve Bank Performance During the Financial Crisis?

Journal of Financial Services Research, Vol. 41, No. 1-2, pp. 19-35, 2012
Number of pages: 31 Posted: 15 Jan 2011 Last Revised: 25 Apr 2012
Emilia Vähämaa and Sami Vähämaa
Hanken School of Economics and University of Vaasa
Downloads 1,080 (18,126)
Citation 1

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Corporate Governance, Bank Performance, Financial Crisis

2.

Does Female Representation on Audit Committees Affect Audit Fees?

Quarterly Journal of Finance and Accounting, Vol. 49, No. 3-4, pp. 113-139, 2010
Number of pages: 45 Posted: 10 Dec 2008 Last Revised: 28 Apr 2012
Kim Ittonen, Johanna Miettinen and Sami Vähämaa
Hanken School of Economics - Department of Accounting, University of Vaasa - Department of Accounting and Finance and University of Vaasa
Downloads 781 (29,033)
Citation 2

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gender diversity, audit fees, audit committees, corporate governance

3.

Are Female CEOs and Chairwomen More Conservative and Risk Averse? Evidence from the Banking Industry during the Financial Crisis

Journal of Business Ethics, Vol. 131, No. 3, pp. 577-594, 2015, 25th Australasian Finance and Banking Conference 2012
Number of pages: 48 Posted: 28 Aug 2012 Last Revised: 28 Nov 2015
Ajay A. Palvia, Emilia Vähämaa and Sami Vähämaa
Government of the United States of America - Office of the Comptroller of the Currency (OCC), Hanken School of Economics and University of Vaasa
Downloads 591 (42,257)

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female CEOs, Chairwomen, bank risk-taking, bank failures, financial crisis

4.

U.S. Presidential Elections and Implied Volatility: The Role of Political Uncertainty

Journal of Banking and Finance, Vol. 37, No. 3, pp. 1108–1117, 2013
Number of pages: 34 Posted: 04 Mar 2012 Last Revised: 01 Nov 2013
John W. Goodell and Sami Vähämaa
University of Akron - Department of Finance, College of Business Administration and University of Vaasa
Downloads 503 (51,931)
Citation 1

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Presidential elections, political uncertainty, implied volatility, VIX

5.

Business Research in the Nordic Countries: An Analysis of Research Output Across Countries, Disciplines, and Institutions

Nordic Journal of Business, Vol. 64, No. 4, pp. 263-293, 2015
Number of pages: 48 Posted: 10 Nov 2015 Last Revised: 23 Mar 2016
Jukka Sihvonen and Sami Vähämaa
Aalto University and University of Vaasa
Downloads 482 (54,796)

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Business research, research output, journal publications, Nordic business schools, university rankings

6.

Age, Gender, and Risk-Taking: Evidence from the S&P Executives and Firm Riskiness

Number of pages: 64 Posted: 10 Jan 2015 Last Revised: 26 Mar 2018
Jarkko Peltomäki, Steve Swidler and Sami Vähämaa
Stockholm University - Stockholm Business School, Auburn University - College of Business and University of Vaasa
Downloads 389 (71,072)

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Executives, CEOs, CFOs, age, gender, firm risk, risk-taking

7.

Evaluating Publications Across Business Disciplines: Inferring Interdisciplinary 'Exchange Rates' from Intradisciplinary Author Rankings

Journal of Business Research, Vol. 84, No. 1, 2018, DOI: 10.1016/j.jbusres.2017.11.024
Number of pages: 60 Posted: 11 Jun 2016 Last Revised: 13 Dec 2017
Timo P. Korkeamaki, Jukka Sihvonen and Sami Vähämaa
Hanken School of Economics - Department of Finance and Statistics, Aalto University and University of Vaasa
Downloads 352 (79,883)

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Business research, journal publications, author rankings

8.

Does the Decision to Issue Public Debt Affect Firm Valuation? Russian Evidence

Emerging Markets Review, Vol. 20, No. 1, pp. 136-151, 2014
Number of pages: 32 Posted: 28 Nov 2011 Last Revised: 19 Jun 2017
Denis Davydov, Jussi Nikkinen and Sami Vähämaa
University of Vaasa - Department of Accounting and Finance, University of Vaasa - Department of Accounting and Finance and University of Vaasa
Downloads 338 (83,767)

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debt financing, bonds, firm valuation, firm performance, emerging markets

9.

Forward-Looking Monetary Policy Rules and Option-Implied Interest Rate Expectations

Journal of Futures Markets, Vol. 34, No. 4, pp. 346-373, 2014
Number of pages: 51 Posted: 25 Mar 2010 Last Revised: 19 Dec 2015
Jukka Sihvonen and Sami Vähämaa
Aalto University and University of Vaasa
Downloads 324 (87,850)

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interest rate expectations, implied probability distributions, forward-looking monetary policy rules, Taylor rules

10.

Option-Implied Asymmetries in Bond Market Expectations Around Monetary Policy Actions of the ECB

ECB Working Paper No. 315
Number of pages: 38 Posted: 18 May 2004
Sami Vähämaa
University of Vaasa
Downloads 316 (90,313)
Citation 4

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market expectations, asymmetries, implied skewness, monetary policy

11.

Cross-Dynamics of Volatility Term Structures Implied by Foreign Exchange Options

ECB Working Paper No. 530
Number of pages: 48 Posted: 19 Oct 2005
Elizaveta Krylova, Jussi Nikkinen and Sami Vähämaa
European Central Bank (ECB), University of Vaasa - Department of Accounting and Finance and University of Vaasa
Downloads 281 (102,648)

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implied volatility, volatility term structure, foreign exchange options

12.

Another Look at Value and Momentum: Volatility Spillovers

Number of pages: 39 Posted: 16 Mar 2017 Last Revised: 25 Oct 2018
Klaus Grobys and Sami Vähämaa
University of Vaasa and University of Vaasa
Downloads 273 (105,780)

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Asset pricing, value effect, momentum effect, volatility spillovers, volatility spillover index

13.

The Fed’s Policy Decisions and Implied Volatility

Journal of Futures Markets, Vol. 31, No. 10, pp. 995-1010, 2011
Number of pages: 21 Posted: 25 Mar 2010 Last Revised: 29 Nov 2011
Sami Vähämaa and Janne Jaakko Äijö
University of Vaasa and University of Vaasa, Department of Accounting and Finance
Downloads 272 (106,208)
Citation 2

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monetary policy decisions, implied volatility, stock market uncertainty

14.

Corporate Governance and the Systemic Risk of Financial Institutions

Journal of Economics and Business, Vol. 82, No. 1, pp. 42-61, 2015, 27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 45 Posted: 23 Aug 2014 Last Revised: 28 Nov 2015
Jamshed Iqbal, Sascha Strobl and Sami Vähämaa
University of Vaasa, School of Accounting and Finance, Clarmont Graduate University and University of Vaasa
Downloads 268 (107,902)

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corporate governance; boards; systemic risk; bank risk-taking; financial crisis

15.

Do Former Auditors on the Audit Committee Constrain Earnings Management? Evidence from the Banking Industry

Number of pages: 45 Posted: 24 Mar 2016 Last Revised: 05 Dec 2018
Kim Ittonen, Per Tronnes and Sami Vähämaa
Hanken School of Economics - Department of Accounting, University of New South Wales (UNSW) and University of Vaasa
Downloads 256 (113,197)

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Audit committees, former auditors, ex-auditors, discretionary loan loss provisions, earnings management, banks

16.

Ethical Reputation of Financial Institutions: Do Board Characteristics Matter?

Journal of Business Ethics, 148 (3), 489-510.
Number of pages: 56 Posted: 21 Sep 2014 Last Revised: 24 Apr 2018
University of Deusto - Deusto Business School, Universidad Pablo de Olavide - Department of Financial Economics & Accounting, Hanken School of Economics and University of Vaasa
Downloads 214 (135,306)

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Ethical Reputation, Board of Directors, Board Characteristics, Board Monitoring, Corporate Governance, Financial Institutions

17.

CEO Facial Masculinity and Bank Risk-Taking

Personality and Individual Differences, Forthcoming
Number of pages: 29 Posted: 14 Jun 2018 Last Revised: 16 Oct 2018
Shaker Ahmed, Jukka Sihvonen and Sami Vähämaa
University of Vaasa, Aalto University and University of Vaasa
Downloads 189 (152,044)

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CEO Masculinity, Facial Width-to-Height Ratio, fWHR, Bank Risk-Taking

18.

Measuring Systemic Risk: A Comparison of Alternative Market-Based Approaches

Finance Research Letters, Forthcoming
Number of pages: 15 Posted: 27 Nov 2015 Last Revised: 05 Jan 2017
, University of Edinburgh, Clarmont Graduate University and University of Vaasa
Downloads 154 (181,787)

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systemic risk, marginal expected shortfall, codependence risk, delta conditional value at risk, lower tail dependence, bank risk-taking, financial crisis

19.

Debt Source Choices and Stock Market Performance of Russian Firms During the Financial Crisis

Emerging Markets Review, Vol. 15, No. 1, pp. 148-159, 2013
Number of pages: 22 Posted: 17 Aug 2012 Last Revised: 01 Nov 2013
Denis Davydov and Sami Vähämaa
University of Vaasa - Department of Accounting and Finance and University of Vaasa
Downloads 153 (182,803)

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Debt sources, Bank dependence

20.

Value versus Growth in IPOs: New Evidence from Finland

Research in International Business and Finance, Vol. 31, No. 1, pp. 17-31.
Number of pages: 37 Posted: 06 May 2013 Last Revised: 27 Mar 2014
Teemu Hahl, Sami Vähämaa and Janne Jaakko Äijö
SEB Group, University of Vaasa and University of Vaasa, Department of Accounting and Finance
Downloads 111 (234,719)

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initial public offerings, underpricing, long-run performance, value, growth

Bank Corporate Governance and Real Estate Lending During the Financial Crisis

Number of pages: 32 Posted: 15 Jan 2014 Last Revised: 16 Jan 2014
Emilia Vähämaa, Stanley D. Smith and Sami Vähämaa
Hanken School of Economics, University of Central Florida and University of Vaasa
Downloads 84 (284,629)

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corporate governance, lending, loan loss, lending performance

Bank Corporate Governance and Real Estate Lending during the Financial Crisis

Journal of Real Estate Research, Vol. 35, No. 3, pp. 313-343, 2013
Posted: 17 Aug 2012 Last Revised: 01 Nov 2013
Emilia Vähämaa, Stanley D. Smith and Sami Vähämaa
Hanken School of Economics, University of Central Florida and University of Vaasa

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G01, G21, G30, R30

22.

Managerial Risk-Taking Incentives and the Systemic Risk of Financial Institutions

Review of Quantitative Finance and Accounting, Forthcoming, 30th Australasian Finance and Banking Conference 2017
Number of pages: 55 Posted: 17 Aug 2017 Last Revised: 05 Dec 2018
Jamshed Iqbal and Sami Vähämaa
University of Vaasa, School of Accounting and Finance and University of Vaasa
Downloads 72 (308,803)

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executive compensation, delta, vega, risk-taking incentives, systemic risk, bank risk-taking, financial crisis

23.

Do Female CEOs and Chairwomen Constrain Bank Risk-Taking?: Evidence From the Effects of Real Estate Shocks on Lending Performance and Default Risk

Number of pages: 45 Posted: 02 Nov 2018
Ajay A. Palvia, Emilia Vähämaa and Sami Vähämaa
Government of the United States of America - Office of the Comptroller of the Currency (OCC), Hanken School of Economics and University of Vaasa
Downloads 51 (366,670)

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Female CEOs, Chairwomen, Lending Performance, Loan Losses, Default Risk, Bank Failures, Real Estate Shocks

24.

The Free Cash Flow Anomaly Revisited: Finnish Evidence

Journal of Business Finance & Accounting, Vol. 33, No. 7-8, pp. 961-978, September/October 2006
Number of pages: 18 Posted: 03 Oct 2006
Sami Vähämaa and Annukka Jokipii
University of Vaasa and University of Vaasa - Department of Accounting and Finance
Downloads 26 (464,521)
Citation 2
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25.

Terrorism and Stock Market Sentiment

Financial Review, Vol. 45, Issue 2, pp. 263-275, May 2010
Number of pages: 13 Posted: 12 Apr 2010
Jussi Nikkinen and Sami Vähämaa
University of Vaasa - Department of Accounting and Finance and University of Vaasa
Downloads 3 (593,540)
Citation 1
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26.

Female Auditors and Accruals Quality

Accounting Horizons, Vol. 27, No. 2, pp. 205–228, 2013
Posted: 16 May 2012 Last Revised: 01 Nov 2013
Kim Ittonen, Emilia Vähämaa and Sami Vähämaa
Hanken School of Economics - Department of Accounting, Hanken School of Economics and University of Vaasa

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auditor gender, female auditors, gender differences, discretionary accruals, abnormal accruals, accruals quality, earnings management

27.

Cross-Dynamics of Exchange Rate Expectations: A Wavelet Analysis

International Journal of Finance & Economics, Vol. 16, No. 3, pp. 205-217, 2011
Posted: 16 Jan 2011 Last Revised: 17 Oct 2011
University of Vaasa - Department of Accounting and Finance, University of Vaasa, Department of Mathematics and Statistics, affiliation not provided to SSRN and University of Vaasa

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exchange rate expectations, wavelet cross-correlations, currency options

28.

Central Bank Interventions and Implied Exchange Rate Correlations

Journal of Empirical Finance, Vol. 16, No. 5, 2009
Posted: 16 Jan 2011
Jussi Nikkinen and Sami Vähämaa
University of Vaasa - Department of Accounting and Finance and University of Vaasa

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implied correlation, interventions, exchange rates, currency options

29.

Production Functions and Productivity of Family Firms: Evidence from the S&P 500

Quarterly Review of Economics and Finance, Vol. 49, No. 2, 2009
Posted: 16 Jan 2011
Minna Martikainen, Jussi Nikkinen and Sami Vähämaa
Hanken School of Economics, University of Vaasa - Department of Accounting and Finance and University of Vaasa

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founding-family ownership, Cobb-Douglas production function, productivity, efficiency

30.

Why Does the Correlation between Stock and Bond Returns Vary Over Time?

Applied Financial Economics, Vol. 18, No. 2, 2008
Posted: 16 Jan 2011
Magnus Andersson, Elizaveta Krylova and Sami Vähämaa
European Central Bank (ECB), European Central Bank (ECB) and University of Vaasa

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stock-bond return correlation, dynamic conditional correlation, macroeconomic expectations, implied volatility

31.

Female Executives and Earnings Management

Managerial Finance, Vol. 36, No. 7, pp. 629-645, 2010
Posted: 16 Jan 2011
Emilia Vähämaa and Sami Vähämaa
Hanken School of Economics and University of Vaasa

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Earnings management, Discretionary accruals, Female executives, Female CEOs, Female CFOs

32.

The 'Dogs of the Dow' Strategy Revisited: Finnish Evidence

European Journal of Finance, Vol. 17, Issue 5-6, pp. 451-469, 2011
Posted: 16 Jan 2011 Last Revised: 31 May 2011
Eemeli Rinne and Sami Vähämaa
ICECAPITAL Securities Ltd and University of Vaasa

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Dogs of the Dow strategy, investment strategy, portfolio management

33.

Delta Hedging with the Smile

Financial Markets and Portfolio Management, Vol. 18, No. 3, pp. 241-255, 2004
Posted: 12 Sep 2005
Sami Vähämaa
University of Vaasa

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