2008
18/2008
History of finance research and education in Finland: the first thirty years
Author(s): Mika Vaihekoski
2008. 41 pages.
Publisher: Bank of Finland
ISBN 978-952-462-452-7 (Printed publication)
ISBN 978-952-462-453-4 (Web publication)
Search words: financial education, research, graduate school, Finland, history, professors, dissertation, A23, B25, G00, Mika Vaihekoski
This paper reviews the first thirty years of finance research and education in Finland, starting with publication of the first dissertation in finance in 1977. That was also the year when the first department of finance was established in Finland – among the first in the Nordic countries. This review shows how Finnish financial education and research developed from a humble beginning to a level that brought international acclaim. This can be largely attributed to a number of talented and hard-working individuals but also to the decision for collaboration among the Finnish universities, as a means to overcome some of the problems of a small country.