University Lecturer · PhD Researcher · Finland

Henri
Huovinen

University Lecturer in Accounting and Finance at LUT University, and PhD Researcher at the Graduate School of Finance, Finland.

Factor Uncertainty Equity Factors Asset Pricing Macro-Financial Risk
Henri Huovinen
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About

PhD
Researcher · Graduate School of Finance
15
Years in Academia & Industry
3
Active Working Papers

Pricing uncertainty in financial markets

I am a University Lecturer in Accounting and Finance at LUT University, Finland, and a PhD Researcher at the Graduate School of Finance (GSF) — the national doctoral program in finance in Finland, a joint venture of seven leading Finnish universities.

My research investigates how uncertainty is priced in financial markets, with a particular focus on the cross-section of equity factor returns. I combine rigorous econometric methods with economic theory to understand what drives factor premia.

Alongside my teaching and research, I work as an Investment Analyst. On Substack, I write on financial markets, asset pricing, and macro-financial risks.

2026
Working Paper
Macroeconomic Shocks and Factor Premiums: Evidence from Unexpected Growth and Inflation
In Progress
Superstar Investors and Long-Only Factor Investing
In Progress

Teaching

Fundamentals of Accounting and Finance
Introduction to the core principles of accounting and finance.
Laskentatoimen perusteet (in Finnish)
Introduction to the fundamentals of financial and management accounting.
Vero-oikeus ja liiketoiminta (in Finnish)
Principles of taxation, tax law, and international tax planning including transfer pricing and corporate tax structures.
Rahoitusmarkkinat ja instituutiot (in Finnish)
Structure and functioning of financial markets and institutions, covering asset pricing, monetary policy, and macroprudential regulation.
Bachelor’s Thesis Supervision
Supervising bachelor's theses in finance.

Consulting

Turning research into decisions

Henri Research offers consulting services that bridge rigorous academic finance with practical investment and business challenges. Whether you need deep quantitative analysis or a research-backed perspective on markets, I can help.

Investment Analysis & Research
Quantitative research on equities, factors, and asset allocation. Evidence-based analysis to support investment decisions.
Data & Quantitative Methods
Statistical modelling, empirical finance methods, and data-driven insights for financial and business challenges.
Get in touch →

Henri Research Products

New research-driven products and tools are in development. Stay tuned.

Available
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Media

Ilta-Sanomat 2025
Ilta-Sanomat
Ekonomistilta täystyrmäys Trumpin tulleille
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Kauppalehti 2024
Kauppalehti
Kupla uhkaa: USA:n osakemarkkina huolestuttaa asiantuntijoita
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Kauppalehti 2024
Kauppalehti
Analyytikko: Tässä on pörssin suosikki seuraavaksi USA:n presidentiksi
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Arvopaperi 2022
Arvopaperi
P/E-luku on sijoittajien ikisuosikki, mutta siinä on pulmansa – Esittelemme vähemmän tunnetut arvostuskertoimet
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Taloussanomat 2018
Taloussanomat
Osakekurssien outo levollisuus huolettaa osakestrategeja –”Tiedämme, että bileet loppuvat”
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Yle 2017
Yle
Tuloskausi alkoi ja nostaa 3 teemaa yli muiden: Venäjä, pikkuyhtiöt ja länsimörkö
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Kauppalehti 2016
Kauppalehti
Ammattisijoittaja odottaa jo markkinoiden korjausliikettä - "Ehkä nyt on tyyntä myrskyn edellä”
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Writing

Investing · Macroeconomics
SalkunRakentaja
I regularly write articles for SalkunRakentaja, one of Finland's leading investment publications, covering financial markets and macroeconomics
Read articles →
Asset Pricing · Macro · Uncertainty
Substack Newsletter
On Substack I write for a broader audience on financial markets, asset pricing, and macro-financial risks — combining academic research with applied investment insight.
Read on Substack →
Investment Funds · Guest Column
Guest Column
Guest column on Seligson & Co's fund magazine (in Finnish).
Read column →

Let's
connect

Interested in working together? I welcome inquiries from companies, investors, and institutions.