Dr. Harri J. Seppänen, CVA
- Independent business valuation & financial analysis specialist, researcher, and educator
- Practitioner Member of EACVA (Europe) & NACVA (USA) with Certified Valuation Analyst (CVA®) credentials
- Visiting researcher with Aalto University School of Business (nonemployment position)
Harri’s professional activities and experience include performing, reviewing, and advising in business valuations and financial analyses for various purposes of diverse types of businesses including investments, transactions, violation of antitrust laws, shareholder & other legal disputes, municipal outsourcing analysis, estate & inheritance taxation, and business planning & financial modeling for new business ventures. He has functioned as an ad hoc member of Arbitrage Court nominated by the Finnish Chamber of Commerce in minority squeeze-out case involving an international acquiror of a domestic public company. He has also functioned as CFO and Head of Research in a private international investment banking and investment company Kouri Capital (offices in Finland, U.S.A., and Greece) performing IPOs, M&As, LBOs, private equity transactions and working together with the Wall Street and European investment and commercial bankers. In private equity field he has collaborated with the representatives of Morgan Stanley Europe Equity Fund in Finland, among others. Currently he works together with the Finnish CPA Association, along with experts from the Big 4s, and the Finnish Association for Real Estate Valuation in expanding knowledge and understanding of the International Valuation Standards (IVS).
Harri has acted in various academic positions including professor, lecturer, academic advisor, and researcher at Aalto University, The University of Texas at Austin, The University of South Africa, and Estonian Business School (EBS). His academic and professional education as well as academic and applied research focuses on the uses of financial statement information in decision-making including strategic performance analysis & measurement, credit analysis, and business valuation. He has designed and implemented several academic and professional programs for domestic and international undergraduate, graduate, MBA, eMBA, Executive Education, and professional training programs. He has also collaborated with companies such as Accenture, Ernst & Young, Fidelity, McKinsey, Moody’s’ Investors Services, PwC, Nokia, Nordea, and Skanska, among others, in building academic and professional training sessions, and designed finance program compatible with the requirements of ACCA and CFA. He has acted along with other academic service as a country liaison for The International Section of American Accounting Association as well as presented his research in several annual conferences of the American, European and African Accounting Associations. In addition to his academic research Harri has written a leading Finnish business valuation book for professionals, translated sections of the IVS for its Finnish edition, and published professional law journal articles on business valuation in judicial context. He also writes blogs on business valuation and financial analysis for the Finnish CPA Association. He has functioned as an Advisory and Review Board Member for Journal of International Accounting Research and an ad hoc reviewer for European Accounting Review. Currently he serves as a member of the Editorial Board for the European Business Valuation Magazine (an IVSC & EACVA joint publication).