Prof. Jussi Nikkinen

Occupation

Professor of Accounting and Finance
Department of Accounting and Business Finance
Faculty of Business Studies (2002)
University of Vaasa, Finland

Contact information

Office hours: Week 44: Tue 13:15-14:00, Week 45: Wed 14:15-15:00
Tel: +358-6-3248 541
Fax: +358-6-3248344
E-mail: jn@uwasa.fi
Address: P.O.Box 700, FIN-65101, VAASA, Finland

Teaching

LASK3011 Option Theory
LASK3016 Research in Financial Markets
LASK3008 How to Complete the Empirical Part of the Master's Thesis? (In Finnish)
(With the other Professors of the Department)

Master's Thesis Group

Selected research

on financial markets, derivatives, etc.:

Nikkinen, Jussi, Petri Sahlström and Janne Äijo (2007). Turn-of-the-Month and Intramonth Effects: Explanation from the Important Macroeconomic News Announcements. Journal of Futures Markets, 27:2, 105-126.

Nikkinen, Jussi, Mohammed Omran, Petri Sahlström and Janne Äijo (2007). Stock Returns and Volatility Following the September 11 Attacks: Evidence from 53 Equity Markets. International Review of Financial Analysis (forthcoming).

Nikkinen, Jussi and Sami Vähämaa (2006). Central Bank Interventions and Implied Exchange Rate Correlations. Outstanding Paper in International Finance Award at the 46ht Annual Meeting of the Southern Finance Association. Press release (in Finnish)

Nikkinen, Jussi, Petri Sahlström and Sami Vähämaa (2006). Implied Volatility Linkages among Major European Currencies. Journal of International Financial Markets, Institutions & Money, 16:2, 87-103.

Nikkinen, Jussi, Mohammed Omran, Petri Sahlström and Janne Äijö (2006). Worldwide Stock Market Reactions to the Scheduled U.S. Macroeconomic News Announcements. Global Finance Journal, 17:1, 92-104. .

Krylova, Elizaveta, Jussi Nikkinen and Sami Vähämaa (2005). Cross-Dynamics of Volatility Term Structures Implied by Foreign Exchange Options. European Central Bank Working Paper Series, No. 530.

Nikkinen, Jussi (2005). Martingale Restriction and High Market Frictions on Stock Index Options, Futures and Cash Markets. In Contributions to Accounting, Finance, and Management Science. Essays in Honour of Professor Timo Salmi. Acta Wasaensia No. 143, 285-303. Eds Erkki K. Laitinen and Teija Laitinen.

Nikkinen, Jussi and Petri Sahlström (2004). Scheduled Domestic and U.S. Macroeconomic News and Stock Valuation in Europe. Journal of Multinational Financial Management 14:3, 201-215.

Nikkinen, Jussi and Petri Sahlström (2004). International Transmission of Uncertainty Implicit in Stock Index Option Prices. Global Finance Journal 15:1, 1-15.

Nikkinen, Jussi and Petri Sahlström (2004). Impact of the Federal Open Market Committee's Meetings and Scheduled Macroeconomic News on Stock Market Uncertainty. International Review of Financial Analysis, 13:1, 1-12.

Graham, Michael, Jussi Nikkinen and Petri Sahlström (2003). Relative Importance of Scheduled Macroeconomic News for Stock Market Investors. Journal of Economics and Finance, 27: 2, 153-165.

Nikkinen, Jussi (2003). Impact of Foreign Ownership Restrictions on Stock Return Distributions: Evidence from an Option Market. Journal of Multinational Financial Management, 13:2, 1-19.

Nikkinen, Jussi (2003). Normality Tests of Option Implied Risk-neutral Densities: Evidence from the Small Finnish Market. International Review of Financial Analysis, 12, 99-116.

Nikkinen, Jussi and Petri Sahlström (2001). Impact of Scheduled U.S. Macroeconomic News on Stock Market Uncertainty: a Multinational Perspective. Multinational Finance Journal, 5:2, 129-148.

on financial statement analysis, etc.:

Kallunki, Juha-Pekka, Jussi Nikkinen, Petri Sahlström and Kristina Wichmann (2006). Should There Exist Secondary Markets for Executive Stock Options? Accounting and Finance, 46:2, 265-283.

Salmi, Timo, Jussi Nikkinen and Petri Sahlström (2005). The Review of the Theoretical and Empirical Basis of Financial Ratio Analysis Revisited. University of Vaasa, Finland. URN:NBN:fi-fe20051937. A World Wide Web publication.

Nikkinen, Jussi and Petri Sahlström (2005). Risk in Audit Pricing: the Role of Firm-Specific Dimensions of Risk. Advances in International Accounting, 18, 141-152.

Nikkinen, Jussi and Petri Sahlström (2004). Impact of an Accounting Environment on Cash Flow Prediction. Journal of International Accounting, Auditing and Taxation, 13:1, 39-52.

Nikkinen, Jussi and Petri Sahlström (2004). Does Agency Theory Provide a General Framework for Audit Pricing? International Journal of Auditing 8: November, 253-262.

Nikkinen, Jussi and Petri Sahlström (2004). Distributional Properties and Transformation of Financial Ratios: The Impact of Accounting Environment. Advances in International Accounting, 17, 85-101.

Nikkinen, Jussi and Petri Sahlström (2003). Do Auditors Assess the Systematic Risk in Their Audit Pricing Decisions? International Evidence. Advances in Accounting, 20, 233-244.

Books and magazines

Nikkinen, Jussi, Timo Rothovius and Petri Sahlsröm (2002). Arvopaperisijoittaminen. (Investments). WSOY. In Finnish.

Luoma, Martti and Jussi Nikkinen (2007). Two-point problem of the rate of change. Technical Analysis of Stocks & Commodities, April, 26-30. See Traders' Tips for implementation of the ROCajd indicator.