Refereed article in conference proceedings (A4)

Descriptive analysis of the Finnish stock market: Part II




List of AuthorsPeter Nyberg, Mika Vaihekoski

Conference nameTwenty-first annual conference of the mutinational finance society

PlaceTWENTY-FIRST ANNUAL CONFERENCE OF THE MULTINATIONAL FINANCE SOCIETY

Publication year2014

Book title *TWENTY-FIRST ANNUAL CONFERENCE OF THE MULTINATIONAL FINANCE SOCIETY

URLhttp://www.mfsociety.org/modules/modConferences/uploadFiles/miscFiles/1402475600-Conf-Program-for-Posting-with-Abstracts_2014-06-11.pdf


Abstract

This paper continues the data collection procedure and analysis set forth in Nyberg and Vaihekoski (2009). A number of new time series that are commonly used in finance literature are collected and created, as well as analyzed for the first time. These series include, among others, monthly dividend yields and market  capitalization values. The series are also compared against the GDP to evaluate the overall role of the stock market in the Finnish economy. The value-weighted average dividend yield from 1912 to 1988 is 4.98 percent. The average stock market capitalization to GDP ratio is found to be 15.14 percent.


Last updated on 2021-24-06 at 11:14