Most Significant Papers

Refereed publications

• Strategic Behavior and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions, Journal of Finance 60 (2005), 1865-1902 (with Matti Keloharju, and Kjell Nyborg).
• Bidder Behavior in Multi Unit Auctions - Evidence from Swedish Treasury Auctions, Journal of Political Economy 110 (2002), 394-424 (with Kjell Nyborg and Suresh Sun-daresan).
• Ex-Day Behavior with Dividend Preference and Limitations to Short-Term Arbitrage: The Case of Swedish Lottery Bonds, Journal of Financial Economics 53 (1999), 145-187 (with Rick Green).
• The Valuation of Non-Systematic Risks and the Pricing of Swedish Lottery Bonds, Review of Financial Studies 10 (1997), 447-479, (with Rick Green).
• Initial Public Offerings: International Insights, Pacifc-Basin Finance Journal (1994), 165-199, (with Tim Loughran and Jay Ritter).

Selected Recognitions

• American Association of Individual Investors Award for the Best Paper on Investment at the Western Finance Association, (with Rick Green for \The Valuation of Non-Systematic Risks and the Pricing of Swedish Lottery Bonds").