Unlike conventional contracts established through speech, written words, or actions, smart contracts are algorithmic, self-executing and self-enforcing computer programs. In this article, we analyze smart contracts from the perspective of digital platforms and the Finnish contract law. We...

The creation and effects of social capital have seldom been a target for systematic analysis in orthodox economics. The purpose of the paper is to argue that in order to include social capital, along with physical and human, into economic analysis, we have to regard human preferences as...

We describe the costs of the conscription system from different perspectives. In particular, we consider the definition of opportunity cost related to the service time of conscripts. This is a cost that is not directly reflected in the state budget. In addition, we review related literature and...

We describe the costs of the conscription system from different perspectives. In particular, we consider the definition of opportunity cost related to the service time of conscripts. This is a cost that is not directly reflected in the state budget. In addition, we review related literature and...

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...

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...