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2016-02-11

Pohjola Pankki Oyj: The OP Financial Group Research Foundation presents awards to Professor Juuso Välimäki and Doctor of Economic Sciences Salla Pöyry

The OP Financial Group Research Foundation has granted a EUR 20,000
encouragement award to ProfessorJuuso Välimäki.
This is only the second such award granted by OP.

At the same time, the winning prize for the OP Financial Group Research
Foundation's annual doctoral dissertation award, EUR 10,000, will be
presented toSalla Pöyry
, DSc (Econ).

Juuso Välimäki
, Professor of Economics at Aalto University's School of Business, is
internationally known and distinguished in the scientific community. Välimäki
is one of Europe's leading microeconomists, specialising in the fields of
game theory, contract theory, industrial organisation and information
economics. Välimäki's research is characterised by its high quality and
innovativeness.

He received his Master's degree in Economic Sciences from the Helsinki School
of Economics (HSE) in 1989. Välimäki has held an assistant professorship at
Northwestern University and a professorship at Southwestern University in the
United Kingdom. He has served as Professor of Economics at Aalto University
from 2002 and as a Visiting Professor at Yale since 2009. Välimäki's studies
have been published by the most respected journals in economics, such as the
Quarterly Journal of Economics, Review of Economic Studies, and Econometrica.

As a testament to Välimäki's esteem in the scientific community, he worked for
several years as editor of the Review of Economic Studies and is currently
editor of the Journal of the European Economic Association.

The OP Financial Group Research Foundation established the recognition and
encouragement awards in honour of its 40th anniversary. The recognition award
is presented to persons who have demonstrated exceptional innovativeness in
their scientific work and can be expected to produce significant results in
the future as well. The award now being presented to Välimäki is the second
recognition award to be presented by the Research Foundation. The first award
was granted to ProfessorMatti Keloharju
in 2014.

Doctoral dissertation award granted to study of financial market efficiency

In her doctoral dissertation for Svenska handelshögskolan,'Essays on Financial
Market Frictions and Imperfections'
,Salla Pöyry
, DSc (Econ), studies the limitations that decrease the efficiency of
financial markets. The study examines price formation and the functionality
of capital markets, particularly with regard to market limitations caused by
prevailing institutional conditions or behaviour deviating from investor
expectations.

The dissertation consists of four essays and an introduction. The essays deal
with the mutual influence factors between company-level variables and the
portfolio concentration of investors, the fragmentation of the stock market,
and the increasing trade outside stock exchanges, temporal trends in stock
prices on the US market, and the possibilities for Russian companies to
finance their operations through the bond market. Two of the essays have been
published in well-regarded international journals.

For more information, please contact:

Heli Kangasluoma, Representative of the OP Financial Group Research
Foundation, tel. +358 40 5006608

OP Corporate Communications, +358 50 5239904

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pohjola Pankki Oyj via Globenewswire

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