History of financial research and education in Finland

This paper reviews the first 30 years of finance research and education history in Finland from the publication of the first financial dissertation in 1977. It was also the year when finance was first offered as a major subject in Finland, among the first ones in the Nordic countries. This review shows how Finnish financial education and research have developed from a very humble beginning to an internationally acclaimed one. This development can be attributed to a number of talented and hard-working individuals but also to the decision to collaborate among the Finnish universities to overcome some of the problems faced by a small country.