KATAJA The Finnish Doctoral Program in Business Studies (KATAJA) - National level network organization Kristian Möller Chair – KATAJA Board Director – Business Networks Research Domain – HSE Director – Service Factory – Aalto University

© Kristian Möller KATAJA – September R&D in Finland in 2008 Employed some 80,000 people R&D funding amounted to €6.4 billion, business companies accounted for 72% R&D input 3.4% of GDP Finland among the leading R&D investors and clearly ahead of the EU average 20 universities and 26 polytechnics More than 1,500 doctoral graduates from universities

© Kristian Möller KATAJA – September R&D investment in selected OECD countries, and in China and Russia (% of GPD) Source: OECD, Main Science and Technology Indicators 2009

© Kristian Möller KATAJA – September 2009 Graduate School (Doc) System In Finland  Background – Finnish ‘education & innovation strategy’  Inaugurated in1994 by the Ministry of Education  Goal – enhancement of doctoral education  Quality – courses & tutoring  Volume & time & age of doctors  Clear career path – collaboration btween Academia, Government & Business  Internationalization  Currently apprx 120 Graduate Schools  Complement university departments  Dual logics   Focused and thematic - origins in ‘lab sciences’  Pooling of resources in ‘thin fields’  Approx 1500 salaried doc student positions enabling 4 yrs full-time study  Approx. 30 % of doctoral students within the gs-system

© Kristian Möller KATAJA – September Doctoral Education in Business – Why ’Go National’?  Debate over Competition versus Collaboration  How to compete over Ministry funding –  Maximizing the funding of business education?  10 universities and indeopendent business schools grabting doctoral degrees in business / management  Small departments – a critical mass only at the  HSE, TSE & Hanken (The Swedish School of Economics)  Challenge  how to compete & collaborate  Background – history of smaller scale collaboration – ’EDEN’ Courses in  Solution  A national level ’network organization’

© Kristian Möller KATAJA – September Academy of Finland Reserach Funding Breakdown funding decisions among Research Councils in 2008 Business

© Kristian Möller KATAJA – September Finnish Doctoral Program in Business Studies KATAJA - A Network SYSTEM Dualistic Goals & Services 1.Offer advanced level doctoral program – courses & events  KATAJA Doctoral Course Program 2.Coordinate & support five ‘sub’-graduate schools in business administration  KATAJA The Finnish Graduate School in Business Studies

© Kristian Möller KATAJA – September KATAJA Architecture

© Kristian Möller KATAJA – September KATAJA Graduate School System  Ministry & Academy wanted to see KATAJA as one large GS  Faculty & departments at the hosting universities wanted to establish disciplinary GSs  Compromise  six ’sub-GSs’  The Finnish Center for Service and Relationship Management (FCSRM)  The Finnish Graduate School of International Business (FIGSIB)  The Finnish Graduate School of Marketing (FINNMARK)  The Graduate School of Finance  The Graduate School of Accounting  The Graduate School of Management and Information Systems Studies GRAMIS)  Each Sub GS (SGS) is a multi-university collaborative ’arrengement’ with a board of professors  Each SGS is in charge of selecting its GS doctoral students, and proposing courses & events to the KATAJA Course program, arrenging tutoring  The GS system is in matrix with Universities and their departments  Students have to first apply & be accepted to a university  Faculty works maintains & develops the SGS and the KATAJA organization  Currently (2009) 210 full time doctoral students – 35 Academy positions  Annual doctorating rate students / represents 1/3 of the field in Finland

© Kristian Möller KATAJA – September KATAJA Doctoral Course & Events Program  25–30 doc courses & events per year  Often multiple & international faculty (20-25 visiting faculty)  Very intensive format 3-5 days, or two linked events  Program structure  Fundamental theory courses / domain - discipline  Advanced special courses & ‘hot topics’  Methodology courses  15 – 30 attendants / course  Tutoring & supervision  ‘Tutorials’ – large annual events (40-80 attendants)  Research workshops (10-20 students)  Cross supervision teams (still difficult to do systematically)

© Kristian Möller KATAJA – September A Course Announcement Sample  EMPIRICAL CORPORATE FINANCE  TIME AND PLACE: April 17 – April 23, 2008, Helsinki School of Economics  LECTURER: Renée Adams (UQ Business School, University of Queensland)  OBJECTIVES: This course offers a doctoral level introduction to Empirical Corporate Finance and aims to prepare doctoral students to do research on their own in this field. The course is organized around published and working papers in the field with an emphasis on econometric methods. Rather than providing an exhaustive overview of the field, the course focuses in depth on selected topics to illustrate different empirical approaches to the same or related questions. For instance using papers on ownership concentration and corporate governance, the course will highlight the following empirical themes: endogeneity, difference in difference estimators and event studies. The course requires a good knowledge of the 1st year Ph.D. courses in econometrics as well as some basic knowledge of corporate finance. The more detailed description of this course can be found later on from  LITERATURE: A package of readings provided by the lecturer.  EXAMINATION: A written closed book examination and term paper/exercises. The total points of the course are 100. In order to pass the course one needs at least 40% of points (i.e. 40 points).  CREDIT UNITS: 6 ECTS credit units  LECTURES: 20 h of lectures.  PARTICIPANTS: Doctoral students in finance. The course is also open for KATAJA as well as FDPE doctoral students with sufficient background in finance and/or economics. The course is also open for foreign doctoral students given that there is space in the course. A maximum number of 30 participants will be admitted. If more than 30 students are interested in participating in the course, preference will be given to GSF and other KATAJA students according to KATAJA rules.  REGISTRATION: By sending an to Students should provide information of their university, address and phone number.  FURTHER INFORMATION: All updated information concerning this course can be found from the GSF homepage. Please follow the link 

© Kristian Möller KATAJA – September Doctorates in Business Admin & Economics GS system started -1994

© Kristian Möller KATAJA – September KATAJA for doctoral students  Benefits: Wider range of doctoral courses Financed external mentoring and advising Peer networking in workshops and tutorials Possibility for four year full time salaried doctoral positions  Obligations: Performance in terms of credit units and thesis writing Yearly performance reporting

KATAJA Thank You & Happy Networking! KATAJA - Your collaborator in doctoral education in Finland Kristian Möller Helsinki School of Economics