Viimeaikaisten law and finance -tutkimusten mukaan yritysten ohjausjärjestelmien uudistamiseen ja sijoittajan suojan kohentamiseen tähtäävä lainsäädännön kehittäminen vaikuttaa suotuisasti rahoitusmarkkinoiden toimintaan ja kehitykseen. Suomessa osakeyhtiölaki on perinteisesti ollut...

According to recent law and finance research, legislation is essential to financial development. More effi-cient financial markets would be achieved by reforming the laws governing investor protection and cor-porate governance systems. The Companies Act has traditionally played a very important...

A Central Counterparty (CCP) is an entity that interposes itself between transacting counterparties – a seller vis-à-vis the original buyer and a buyer vis-à-vis the original seller – to guarantee execution of the transaction. Thus, the original transacting parties substitute their...

Suomessa on viime vuosina mietitty keinoja innovaatiopohjaisen kasvuyrittäjyyden edistämiseen ja sen edellyttämän riskipääomamarkkinan toimivuuden kehittämiseen. Useissa tutkimuksissa, selvityksissä ja kannanotoissa on yhtenä ratkaisuna esitetty harkittavaksi verokannustimia...

The project to build up a banking union in Europe was launched in summer 2012. Thereafter the progress has been fast. Single Supervisory Mechanism will embark on November 1, 2014. A decision on the Single Resolution Mechanism was made in Spring 2014. It should be up and running as of the...

The aim of this report has been to produce an analysis of the state of the social enterprises in Finland. Based on a comprehensive survey, there are roughly 19 000 social enterprises in Finland that employ around 125 000 persons. These estimates produced in this report multiply the views on the...

The study investigates empirically how ownership affects firms' domestic employment and its fluctuations. We look at six different ownership categories: first generation family businesses, second generation (or older) family businesses, state-owned companies, foreign-owned companies, publicly...

Tutkimuksessa tarkastellaan omistajuuden ja omistusmuodon yhteyksiä yritysten menestymiseen. Tarkasteltavia omistajaryhmiä ovat perheyritykset, valtionyritykset, hajautetusti omistetut pörssiyritykset sekä ulkomaalaisomisteiset yritykset. Tutkimuksen empiirinen aineisto perustuu...

The study investigates empirically how ownership affects firms' domestic employment and its fluctuations. We look at six different ownership categories: first generation family businesses, second generation (or older) family businesses, state-owned companies, foreign-owned companies, publicly...

In order to shed light on the consequences of the ongoing financial crisis, ETLA conducted two surveys at the end of October 2008. The firm survey targeted firms employing at least 10 persons in Finland (2,017 observations with a response rate of 33%) and the consumer survey targeted...