Supporting Nordic financial markets through scientific research
The Nasdaq Nordic Foundation was founded in 2006 to support the financial markets through scientific research. The Foundation's mission is to promote scientific research and other initiatives related to the financial markets in Finland, Denmark and Sweden, with the goal of increasing competence and competitiveness for the financial markets within these countries.
Nasdaq Iceland operates a separate program, The Nasdaq Iceland Grants Program (Styrktarsjóður Nasdaq Iceland), that accepts grant applications from organizations and projects aligned with its mission to enhance financial literacy in Iceland.
For details on eligibility criteria, application procedures, and more, please refer to the following documents:
Grants
The application period for Nasdaq Nordic Foundation's Grant Program 2025 is closed.
Questions about the Nasdaq Nordic Foundation? Get in touch with us
The application period for the Nasdaq Iceland Grants Program is open until September 10, 2025.
Questions about the Nasdaq Iceland Grants Program? Get in touch here
Research reports
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- The Impact of IPOs on Workers Open
- Improving Financial Literacy: An investigation into how children learn abstract financial concepts Open
- Populism, Polarization and Green Investment Open
- Are Hedge Funds Exploiting Climate Concerns? Open
- Tick Size, Lot Size, and Liquidity in Futures Trading Open
- Cross-Border Spillover Effects of Sustainability Reporting Mandate through Subsidiaries Open
- Impact of Equity Market Regulations in Europe and the Nordic Region Open
- The Swedish Equity Market: Institutional Frameworks and Trends Open
- Catching the Falling Knife: Retail Liquidity Provision Amid Institutional Selling Pressure Open
- Exit: Discount Arbitrage and Retail Losses in Private Placements of Equity Open
- Do Retailers Trade Noise? Macroeconomics Luck and the Mispricing of Stocks Open
- To Woke or Not: Woke Engagement and Corporate Outcomes Open
- Beyond ESG: Executive Pay Metrics and Shareholder Support Open
- "Glossy Green" Banks: The Disconnect Between Environmental Disclosures and Lending Activities Open
- Majority Protection in the Nordic Capital Markets -a Matter of Concern? Open
- Activities of the Nordic Finance Network, October 2024 – September 2025 Open
- An Experiment-Based Study on Decision Evaluation in Metaverse Open
- Better Information Understanding Through Virtual Technologies? A VR Experiment on Data Interpretation Open
- Decision-Making Styles in Metaverse: Effects of Immersion and Embodiment Open
- Effects of Immersion and Embodiment on Memory in Virtual Reality Open
- Emotion in Motion: Experiment on Affective Responses to Virtual Realities Open
- Empowered Decision-Making Through Virtual Reality: Effect of Immersion and Embodiment on Self-Esteem and Anxiety Open
- Gamification of Personal Finance: A Systematic Literature Review Open
- The Omnibus Paradox Open
- Reconciling Sustainability with Profit & Loss: Managing the Economics of Sustainability with Linked Performance Measurement Open
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- Statutory Priorities in the New Nordic Restructuring Laws Open
- Competing for Dark Trades Open
- High-Frequency Traders’ Single-Dealer Platforms and Market Quality Open
- Improving financial literacy - an investigation into how children learn abstract financial concepts Open
- Climate Polarization and Green Investment Open
- Invest Like for Your Kids: Performance and Implications of Children’s Investment Accounts on Portfolios in Adulthood Open
- Risk Management of Stock Portfolios with Jumps at Exogenous Default Events Open
- Saddlepoint Approximations for Credit Portfolio Distributions with Applications in Equity Risk Management Open
- Analysts Are Good at Ranking Stocks Open
- Nordic Finance Network Activities Open
- TCFD Climate Scenarios and Company Valuation: Insights from IFRS Climate Disclosures & Econometric-Financial Modeling Open
- Geopolitical Risk Factors and Stock Returns: A Global Analysis Open
- Sustainable Finance and Uncertainty: Evidence from Emerging Bond Markets Open
- The Swedish Corporate Bond Market Open
- Multiobjective Optimization of ESG Bond Portfolios: A Copula-Based Dynamic Nelson-Siegel Approach Open
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- What Matters to Individual Investors in a Welfare State? Open
- Decision-Making Styles in Metaverse: Effects of Immersion and Embodiment Open
- Emotion in Motion: Experiment on Affective Responses to Virtual Realities Open
- Crypto-Currencies and Nordic Youth: Perceived Value, Adoption, Preferences, And Role in Portfolio Allocation Open
- The Impact of Experience, Overconfidence and Optimism on Future Cryptocurrency Ownership Open
- Transparency and equal treatment on the corporate bond market Open
- Developments in the Swedish market for corporate bonds Open
- ESG ratings: The mixed bag and its implications Open
- On accountable sustainability measurement Open
- Trading Costs and Market Microstructure. Invariance: Identifying Bet Activity Open
- Exogenous Shock Creates Organisational and Structural Change. The impact of Covid-19 on the Swedish Business Sector Open
- High-Frequency Traders and Single-Dealer Platforms Open
- Children’s Learning of Abstract Concepts: The Role of Social Interaction Open
- Risk management of stock portfolios with jumps at exogenous default events Open
- Saddlepoint approximations for credit portfolios with stochastic recoveries Open
- Term Premia Co-movement and Global Trade Network Open
- Nordic Finance Network activities Open
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- Essays on the Effects of Past Gains on Subsequent Risk-Taking and Stock Returns Open
- Long-term Discount Rates Do Not Vary Across Firms Open
- Seasonal Reversals in Expected Stock Returns Open
- Why Does Portfolio Choice Correlate Across Generations? Open
- Stock Price Co-Movement and the Foundations of Pairs Trading Open
- The Private Use of Credit Ratings: Evidence from Investment Mandates Open
- Reputations and Credit Ratings: Evidence from Commercial Mortgage-Backed Securities Open
- Liability Structure and Risk-Taking: Evidence from the Money Market Fund Industry Open
- Empirical Evidence on the Consequences of Voluntary Disclosure on Competition Open
- How Sovereign is Sovereign Credit Risk? Global Prices, Local Quantities Open
Board of Directors
Nasdaq Nordic Foundation has a Board of Directors that are responsible for the administration of the Foundation in accordance with its objective. The Nasdaq Nordic Foundation Board has seven members appointed by the Board of Directors of the holding company Nasdaq Nordic Ltd. Three of these directors shall have extensive academic experience within the field of financial markets.
- Johan Mattsson, Chairman, Senior Vice President and General Counsel Europe.
- Adam Kostyál, President of Nasdaq Stockholm and Head of Listings Europe.
- Henrik Husman, President of Nasdaq Helsinki and Vice President Cash Equities Products.
- Emilia Vähämaa, Associate Professor of Finance at Hanken School of Economics.
- Jonas Niemeyer, Senior adviser at the Financial Stability Department at Sveriges Riksbank.
- Nikolaj Kosakewitsch, President of Nasdaq Copenhagen and Vice President European Equity and Derivatives Sales.
- Hanne Søndergaard Birkmose, Head of the Department of Law at the University of Southern Denmark.
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Nasdaq Nordic Foundation has a Board of Directors that are responsible for the administration of the Foundation in accordance with its objective. The Nasdaq Nordic Foundation Board has seven members appointed by the Board of Directors of the holding company Nasdaq Nordic Ltd. Three of these directors shall have extensive academic experience within the field of financial markets.
- Johan Mattsson, Chairman, Senior Vice President and General Counsel Europe.
- Adam Kostyál, President of Nasdaq Stockholm and Head of Listings Europe.
- Henrik Husman, President of Nasdaq Helsinki and Vice President Cash Equities Products.
- Emilia Vähämaa, Associate Professor of Finance at Hanken School of Economics.
- Jonas Niemeyer, Senior adviser at the Financial Stability Department at Sveriges Riksbank.
- Nikolaj Kosakewitsch, President of Nasdaq Copenhagen and Vice President European Equity and Derivatives Sales.
- Hanne Søndergaard Birkmose, Head of the Department of Law at the University of Southern Denmark.
Resources
Support
For any questions regarding the foundation and the grant application process, please contact:
Zivilé Slavinskaité
+46 8 405 7011
Participation
Nasdaq Stockholm AB, Nasdaq Copenhagen A/S and Nasdaq Helsinki Oy are operating marketplaces in Sweden, Denmark and Finland. Admitted companies and members must comply with the rules adopted by the Nasdaq Exchanges. A Disciplinary Committee may resolve to fine the member or admitted company in case of a breach by the member or admitted company of the Exchange rules. The paid fine is transferred to the Nasdaq Nordic Foundation for the promotion of the Foundation’s objectives.