Professor Minna Martikainen receives funding from the Academy of Finland

Hanken's share of the funding amounts to 250 000 euros .

The research project will investigate how personal characteristics of board members, CEOs (Chief Executive Officers), CFOs (Chief Financial Officers) and other top corporate insiders affect two key decisions on stock-based executive compensation, that is, the design of their stock-based compensation schemes and the subsequent insider trading on these stocks. In particular, the project will explore whether insiders with adverse personal characteristics opportunistically seek for personal gains first by influencing the terms of their stock-based compensation systems and then by timing their trading on the stocks they have received from these compensation systems. In addition, the researchers will explore how stringent vs. lax corporate governance environments affect insider trading.

PhD Jyrki Kinnunen will join the research project as post-doc researcher on 1 September 2014.