B1 Vertaisarvioimaton kirjoitus tieteellisessä lehdessä
Descriptive analysis of the Finnish stock market: Part II
Tekijät: Peter Nyberg, Mika Vaihekoski
Kustantaja: Bank of Finland
Kustannuspaikka: Helsinki
Julkaisuvuosi: 2014
Journal: Bank of Finland Discussion Papers
Numero: 10
Verkko-osoite: http://ideas.repec.org/p/hhs/bofrdp/2014_010.html
Tiivistelmä
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, created, and analyzed for the first time. These series include, among others, monthly dividend yields and market capitalization values. The series are also compared with 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%. The average stock market capitalization to GDP ratio is found to be 15.14%.
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, created, and analyzed for the first time. These series include, among others, monthly dividend yields and market capitalization values. The series are also compared with 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%. The average stock market capitalization to GDP ratio is found to be 15.14%.
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