Sami Vähämaa

University of Vaasa

Professor of Accounting and Finance

P.O. Box 700

Vaasa, FI-65101

Finland

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

  • University of Vaasa

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    • Tel: +358 29 449 8455
SCHOLARLY PAPERS

38

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58

CROSSREF CITATIONS

36

Scholarly Papers (38)

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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 1,124 (23,058)
Citation 6

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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 819 (36,127)
Citation 3

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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
FDIC, Division of Insurance and Research, Hanken School of Economics and University of Vaasa
Downloads 749 (40,875)
Citation 17

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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 633 (51,133)
Citation 8

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Presidential elections, political uncertainty, implied volatility, VIX

5.

Age, Gender, and Risk-Taking: Evidence from the S&P 1500 Executives and Market-Based Measures of Firm Risk

Journal of Business Finance & Accounting, forthcoming
Number of pages: 52 Posted: 10 Jan 2015 Last Revised: 28 Apr 2021
Jarkko Peltomäki, Jukka Sihvonen, Steve Swidler and Sami Vähämaa
Stockholm University - Stockholm Business School, Aalto University, Lafayette College - Department of Economics & Business and University of Vaasa
Downloads 552 (60,871)
Citation 1

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

6.

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 524 (64,904)

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

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 413 (86,545)
Citation 3

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Business research, journal publications, author rankings

8.

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

Number of pages: 47 Posted: 24 Mar 2016 Last Revised: 31 Mar 2020
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 372 (97,628)
Citation 2

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

9.

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 344 (106,650)

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

10.

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 336 (109,502)

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

11.

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

Number of pages: 38 Posted: 18 May 2004
Sami Vähämaa
University of Vaasa
Downloads 321 (115,164)
Citation 1

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market expectations, asymmetries, implied skewness, monetary policy

12.

Another Look at Value and Momentum: Volatility Spillovers

Review of Quantitative Finance and Accounting, Vol. 55, pp. 1459-1479, 2020
Number of pages: 44 Posted: 16 Mar 2017 Last Revised: 29 Dec 2020
Klaus Grobys and Sami Vähämaa
University of Vaasa and University of Vaasa
Downloads 310 (119,502)
Citation 1

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

13.

Does Lesbian and Gay Friendliness Pay Off? A New Look at LGBT Policies and Firm Performance

Accounting & Finance, forthcoming
Number of pages: 48 Posted: 12 Apr 2019 Last Revised: 28 May 2021
Veda Fatmy, John Kihn, Jukka Sihvonen and Sami Vähämaa
University of Vaasa, University of Vaasa - Department of Accounting and Finance, Aalto University and University of Vaasa
Downloads 301 (123,352)

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LGBT policies, firm performance, sexual minorities, employee policies

14.

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 299 (124,245)
Citation 8

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monetary policy decisions, implied volatility, stock market uncertainty

15.

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 296 (125,544)
Citation 6

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

16.

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 283 (131,579)

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implied volatility, volatility term structure, foreign exchange options

17.

CEO Facial Masculinity and Bank Risk-Taking

Personality and Individual Differences, Vol. 138, pp. 133-139, 2019
Number of pages: 29 Posted: 14 Jun 2018 Last Revised: 28 May 2021
Shaker Ahmed, Jukka Sihvonen and Sami Vähämaa
University of Vaasa, Aalto University and University of Vaasa
Downloads 262 (142,438)

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

18.

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: 26 Jun 2020
Laura Baselga-Pascual, Antonio Trujillo‐Ponce, Emilia Vähämaa and Sami Vähämaa
University of Deusto - Deusto Business School, Universidad Pablo de Olavide - Department of Financial Economics & Accounting, Hanken School of Economics and University of Vaasa
Downloads 242 (154,043)
Citation 1

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

19.

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

Finance Research Letters, Vol. 21, pp. 40-46, 2017
Number of pages: 15 Posted: 27 Nov 2015 Last Revised: 27 Mar 2020
Jacob Kleinow, Fernando Moreira, Sascha Strobl and Sami Vähämaa
, University of Edinburgh, Clarmont Graduate University and University of Vaasa
Downloads 201 (183,810)
Citation 4

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

20.

Bank Liquidity Creation and Systemic Risk

Journal of Banking and Finance, Forthcoming
Number of pages: 58 Posted: 15 Apr 2020 Last Revised: 29 Dec 2020
Denis Davydov, Sami Vähämaa and Sara Yasar
University of Vaasa - Department of Accounting and Finance, University of Vaasa and University of Vaasa - Department of Accounting and Finance
Downloads 180 (202,773)

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bank liquidity creation, systemic risk, systemic linkage, tail risk

21.

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 159 (225,465)

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Debt sources, Bank dependence

22.

Facial Attractiveness and CEO Compensation: Evidence from the Banking Industry

Number of pages: 46 Posted: 28 Jan 2021
Shaker Ahmed, Mikko Ranta and Sami Vähämaa
University of Vaasa, University of Vaasa and University of Vaasa
Downloads 131 (263,415)

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Facial attractiveness, CEO compensation, beauty premium, bank CEOs

23.

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 128 (268,015)

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

24.

Female Leadership and Bank Risk-Taking: Evidence from the Effects of Real Estate Shocks on Bank Lending Performance and Default Risk

Journal of Business Research, Vol. 117, pp. 897-909, 2020
Number of pages: 49 Posted: 02 Nov 2018 Last Revised: 29 Dec 2020
Ajay A. Palvia, Emilia Vähämaa and Sami Vähämaa
FDIC, Division of Insurance and Research, Hanken School of Economics and University of Vaasa
Downloads 105 (308,591)

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

25.

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

Review of Quantitative Finance and Accounting, Vol. 53, No. 4, pp. 1229-1258, 2019, 30th Australasian Finance and Banking Conference 2017
Number of pages: 55 Posted: 17 Aug 2017 Last Revised: 27 Mar 2020
Jamshed Iqbal and Sami Vähämaa
University of Vaasa, School of Accounting and Finance and University of Vaasa
Downloads 99 (320,948)
Citation 5

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

26.

Bank Corporate Governance and Real Estate Lending During the Financial Crisis

Downloads 87 (348,160)

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 87 (351,180)
Citation 5

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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

27.

LGBTQ-Friendly Employee Policies and Corporate Innovation

Number of pages: 58 Posted: 08 Jun 2021
Veda Fatmy, Jukka Sihvonen and Sami Vähämaa
University of Vaasa, Aalto University and University of Vaasa
Downloads 31 (552,487)

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LGBTQ policies, sexual minorities, employee policies, diversity management, corporate innovation, patents

28.

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 (582,123)
Citation 1
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29.

Skewness and Kurtosis Adjusted Black-Scholes Model: A Note on Hedging Performance

Finance Letters, Vol. 1, No. 5, pp. 6–12, 2003
Number of pages: 14 Posted: 03 Mar 2021
Sami Vähämaa
University of Vaasa
Downloads 20 (621,941)

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option hedging, delta hedging, skewness, kurtosis

30.

Delta Hedging with the Smile

Financial Markets and Portfolio Management, Vol. 18, No. 3, pp. 241-255, 2004
Number of pages: 26 Posted: 12 Sep 2005 Last Revised: 29 Dec 2020
Sami Vähämaa
University of Vaasa
Downloads 12 (679,464)

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31.

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 4 (741,214)
Citation 1
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32.

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

33.

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: 08 Dec 2020
Jussi Nikkinen, Seppo Pynnonen, Mikko Ranta and Sami Vähämaa
University of Vaasa - Department of Accounting and Finance, University of Vaasa, Department of Mathematics and Statistics, University of Vaasa and University of Vaasa

Abstract:

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exchange rate expectations, wavelet cross-correlations, currency options

34.

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

35.

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

36.

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

37.

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

38.

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