Mika Vaihekoski

University of Turku - Turku School of Economics

Professor

Turku, 20014

Finland

http://users.utu.fi/moovai/

University of Turku, Turku School of Economics

Professor

Turku School of Economics

Dep. of Accounting and Finance

University of Turku, 20014

Finland

http://users.utu.fi/moovai/

SCHOLARLY PAPERS

34

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23

CROSSREF CITATIONS

29

Scholarly Papers (34)

1.

On the Calculation of the Risk Free Rate for Tests of Asset Pricing Models

Number of pages: 17 Posted: 22 Jan 2007 Last Revised: 31 Aug 2009
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 2,076 (14,589)
Citation 5

Abstract:

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risk free rate, money market, asset pricing tests, event studies, CRSP, Euribor, T-bill

2.

Investment Evaluation Methods and Required Rate of Return in Finnish Publicly Listed Companies

Finnish Journal of Business Economics, Vol. 53, No. 1
Number of pages: 24 Posted: 13 May 2004
Eva Liljeblom, Mika Vaihekoski and Mika Vaihekoski
Swedish School of Economics and Business Administration and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 1,742 (19,220)
Citation 5

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Investment, payback rule, IRR, NPV, WACC, CAPM, HEX

3.

Corporate Real Estate Sale and Leaseback Effect: Empirical Evidence from Europe

Number of pages: 28 Posted: 06 May 2005
Tomi Grönlund, Antti Louko, Mika Vaihekoski and Mika Vaihekoski
Helsinki School of Economics, Aberdeen Property Investors Nordic Region and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 928 (48,294)
Citation 1

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Real Estate, Event Study, Pecking order, Sale and Leaseback

Descriptive Analysis of Finnish Equity, Bond, and Money Markets

Number of pages: 54 Posted: 06 Sep 2005 Last Revised: 02 Apr 2011
Peter M. Nyberg, Mika Vaihekoski and Mika Vaihekoski
Aalto University and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 716 (67,475)
Citation 1

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Equity, bond, money market, risk premium, Finland, Helsinki Stock Exchange

Descriptive Analysis of Finnish Equity, Bond and Money Markets

International Conference of the French Finance Association (AFFI), May 11-13, 2011
Number of pages: 52 Posted: 12 May 2011
Peter M. Nyberg, Mika Vaihekoski and Mika Vaihekoski
Aalto University and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 79 (578,582)

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5.

Profitability of Pairs Trading Strategy In and Illiquid Market with Multiple Share Classes

Journal of International Financial Markets, Institutions and Money, 2012, Vol. 22, No. 5, 1188-1201.
Number of pages: 26 Posted: 21 Dec 2010 Last Revised: 05 Jun 2013
John Paul Broussard, Mika Vaihekoski and Mika Vaihekoski
University of Oklahoma and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 714 (68,716)
Citation 4

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Pairs, Trading Strategy, Statistical Arbitrage, Short-Selling, Finland, Helsinki Stock Exchange, NASDAQ, OMXH

6.

Determinants of Capital Budgeting Methods and Hurdle Rates in Nordic Firms

Number of pages: 37 Posted: 19 Jan 2011
Tor Brunzell, Eva Liljeblom, Mika Vaihekoski and Mika Vaihekoski
Stockholm University - School of Business, Swedish School of Economics and Business Administration and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 439 (125,375)

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capital budgeting methods, hurdle rate, WACC, NPV, IRR, Nordic countries

7.

Descriptive Analysis of the Finnish Stock Market: Part II

Bank of Finland Research Discussion Paper No. 10/2014
Number of pages: 34 Posted: 19 Mar 2014
Peter M. Nyberg, Mika Vaihekoski and Mika Vaihekoski
Aalto University and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 214 (266,120)
Citation 2

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stock market, financial history, dividend yield, capitalization values, trading turnover, Finland, Helsinki Stock Exchange, Nasdaq OMX

8.

Owners' Way or the Highway: Short-Term Expectations and Owner Impatience

Number of pages: 52 Posted: 10 Jan 2007
Eva Liljeblom, Mika Vaihekoski and Mika Vaihekoski
Swedish School of Economics and Business Administration and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 209 (271,980)
Citation 2

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impatience, short-termism, investment, compensation, share repurchases, ownership, Finland

9.

Dividend Policy in Nordic Listed Firms

Global Finance Journal, Vol. 25, No. 2, 2014
Number of pages: 30 Posted: 21 Aug 2013 Last Revised: 04 Dec 2014
Tor Brunzell, Eva Liljeblom, Anders Löflund, Mika Vaihekoski and Mika Vaihekoski
Stockholm University - School of Business, Swedish School of Economics and Business Administration, Hanken School of Economics and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 207 (274,453)

Abstract:

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corporate finance, dividend policy, payout, Nordic, OMX

10.

Expected Return and Conditional Asset Pricing: A New Testing Approach

Journal of Empirical Finance, Vol. 52, 2019
Number of pages: 44 Posted: 28 Nov 2014 Last Revised: 17 Nov 2020
Jan Antell, Mika Vaihekoski and Mika Vaihekoski
HANKEN School of Economics and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 198 (285,793)

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conditional asset pricing, expected returns, volatility, risk-return trade-off, equity premium

11.

Capital Structure Policy Decisions in Nordic Listed Firms

Nordic Journal of Business, June 2015, vol. 64, no. 1, 4-20.
Number of pages: 27 Posted: 06 Jun 2013 Last Revised: 06 Jul 2016
Tor Brunzell, Eva Liljeblom, Anders Löflund, Mika Vaihekoski and Mika Vaihekoski
Stockholm University - School of Business, Swedish School of Economics and Business Administration, Hanken School of Economics and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 191 (295,061)

Abstract:

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corporate finance, dividend policy, payout, debt target, capital structure, Nordic, Nasdaq OMX

12.

Unemployment Risk and Salary

Number of pages: 21 Posted: 31 May 2005 Last Revised: 30 Nov 2010
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 189 (297,924)

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Tenure, private, public, unemployment, risk, labor economics, reservation salary, occupation choice, job-search model

13.

History of Finance Research and Education in Finland: The First Thirty Years

Bank of Finland Research Discussion Paper No. 18/2008
Number of pages: 44 Posted: 17 Sep 2008
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 184 (304,997)
Citation 14

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financial education, research, graduate school, Finland, history, professors, dissertation

14.

Revisiting Stock Market Index Methodology

Number of pages: 36 Posted: 16 Nov 2020 Last Revised: 06 Oct 2023
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 138 (388,303)
Citation 2

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index methodology, stock market index, thin trading, financial history

15.

Descriptive Analysis of Finnish Equity, Bond and Money Market Returns

Bank of Finland Research Discussion Paper No. 14/2011
Number of pages: 63 Posted: 09 Jun 2011
Peter M. Nyberg, Mika Vaihekoski and Mika Vaihekoski
Aalto University and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 136 (392,859)
Citation 7

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equity market, bond market, money market, risk premium, Finland

16.

Time-Variation of Dual-Class Premia

Number of pages: 31 Posted: 18 Mar 2019
John Paul Broussard, Mika Vaihekoski and Mika Vaihekoski
University of Oklahoma and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 121 (429,567)
Citation 3

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dual-class shares, voting rights, liquidity risk, dividend privileges

17.

A New Value-Weighted Total Return Index for the Finnish Stock Market

Bank of Finland Research Discussion Paper No. 21/2009
Number of pages: 64 Posted: 27 Nov 2009
Peter M. Nyberg, Mika Vaihekoski and Mika Vaihekoski
Aalto University and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 117 (440,623)
Citation 8

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stock market index, Finland, Helsinki Stock Exchange, Nasdaq OMX, OMXH, Unitas

Global and Local Sources of Risk in Eastern European Emerging Stock Markets

BOFIT Discussion Paper No. 27/2008
Number of pages: 32 Posted: 10 Jan 2009
Mika Vaihekoski, Mika Vaihekoski and Elena Fedorova
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics and Lappeenranta University of Technology, School of Business
Downloads 107 (473,314)

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market integration, segmentation, asset pricing, emerging markets, Eastern Europe country risk

Global and Local Sources of Risk in Eastern European Emerging Stock Markets

Czech Journal of Economics and Finance, Vol. 59, No. 1, pp. 2-19, 2009
Posted: 25 Sep 2009
Elena Fedorova, Mika Vaihekoski and Mika Vaihekoski
Lappeenranta University of Technology, School of Business and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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market integration, segmentation, asset pricing, emerging markets, Eastern Europe country risk

19.

Equity Issuances at Helsinki Stock Exchange 1912-1981

Number of pages: 27 Posted: 19 Oct 2023
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 32 (850,776)
Citation 1

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equity offerings, cash issues, bonus issues, rights issues, equity capital, financial history, Helsinki Stock Exchange

20.

Revisiting Stock Market Index for the Helsinki Stock Exchange 1912-1981

Number of pages: 23 Posted: 13 Feb 2024
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics
Downloads 27 (894,694)

Abstract:

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stock market index, financial history, Helsinki Stock Exchange, Finland

21.

Helsinki Stock Exchange: trading and listed securities, 1912–1981

Financial History Review, vol. 29(3), 326 - 341.
Posted: 28 Sep 2023
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

Abstract:

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financial history, stock market history, securities, Helsinki Stock Exchange

22.

Countercyclical and time-varying reward to risk and the equity premium

Research in International Business and Finance, 2023, Volume 66, 102017.
Posted: 24 Mar 2016 Last Revised: 19 Jun 2023
Jan Antell, Mika Vaihekoski and Mika Vaihekoski
HANKEN School of Economics and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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Conditional asset pricing, Equity premium, Reward to risk, Market risk, Business cycles

23.

Time-Varying Global and Local Sources of Market and Currency Risks in Russian Stock Market

International Review of Economics & Finance, Vol. 19, No. 4, 2010
Posted: 28 Sep 2010
Kashif Saleem, Mika Vaihekoski and Mika Vaihekoski
Lappeenranta University of Technology - School of Business (LSB) and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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International asset pricing models, Segmentation, Currency risk, Multivariate GARCH-M, Russia

24.

Pricing Currency Risk in the Stock Market: Evidence from Finland and Sweden 1970-2009

Journal of International Financial Markets, Institutions and Money, Vol. 22, No. 1, 2012
Posted: 31 Oct 2009 Last Revised: 20 Aug 2013
Jan Antell, Mika Vaihekoski and Mika Vaihekoski
HANKEN School of Economics and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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conditional, international asset pricing model, currency risk, devaluation, multivariate GARCH-M, Finland, Sweden

25.

Who Creates Short-Term Pressure? An Analysis of Firms with Different Ownership Structures

Finnish Journal of Business Economics, Vol. 59, No. 3, pp. 239-264, 2010
Posted: 26 Mar 2009 Last Revised: 12 Jan 2011
Eva Liljeblom, Mika Vaihekoski and Mika Vaihekoski
Swedish School of Economics and Business Administration and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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short-term behavior, ownership, corporate governance, executive compensation, share repurchases, ownership management

26.

Corporate Ownership and Managerial Short-Termism: Results from a Finnish Study of Management Perceptions

International Journal of Production Economics, Vol. 117, No. 2, 2009
Posted: 20 Feb 2009
Eva Liljeblom, Mika Vaihekoski and Mika Vaihekoski
Swedish School of Economics and Business Administration and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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Impatience, Short-termism, Investments, Ownership, Finland

27.

A New Value-Weighted Total Return Index for the Finnish Stock Market 1912-1969

Research in International Business and Finance, 2010, Vol. 24, No. 3, pp. 267-283.
Posted: 12 Aug 2008 Last Revised: 20 Aug 2013
Peter M. Nyberg, Mika Vaihekoski and Mika Vaihekoski
Aalto University and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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stock market index, Finland, Helsinki Stock Exchange, Nasdaq OMX, OMXH, Unitas

28.

History of Financial Research and Education in Finland: The First 30 Years

European Journal of Finance, Vol. 17, Nos. 5-6, pp. 339-354, 2011
Posted: 06 Mar 2008 Last Revised: 07 Sep 2016
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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financial education, research, dissertations, graduate school, Finland, history, professors

29.

Global Market and Currency Risk in Finnish Stock Market

Finnish Economic Papers, Vol. 20, No. 1, pp. 72-88, 2007
Posted: 15 Aug 2007
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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Asset pricing, international, conditional, time-varying, currency risk, price of risk, Finland, GMM

30.

Pricing of Liquidity Risk: Empirical Evidence from Finland

Applied Financial Economics, 2009, Vol. 19, No. 19, 1547-1557.
Posted: 28 Aug 2006 Last Revised: 08 Sep 2016
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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Conditional asset pricing, liquidity risk, trading volume, bid-ask spread, Finland, Helsinki Stock Exchange

31.

Pricing of Global and Local Sources of Risk in Russian Stock Market

Emerging Markets Review, Vol. 9, No. 1, 2008
Posted: 22 May 2006 Last Revised: 20 Aug 2013
Kashif Saleem, Mika Vaihekoski and Mika Vaihekoski
Lappeenranta University of Technology - School of Business (LSB) and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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world asset pricing model, conditional, time-varying, price of market risk, local vs. global pricing, segmentation, foreign exchange risk, multivariate GARCH-M, Russia, USA

32.

International Asset Pricing Models and Currency Risk: Evidence from Finland 1970-2004

Journal of Banking and Finance, Vol. 31, No. 9, 2007
Posted: 01 May 2005
Jan Antell, Mika Vaihekoski and Mika Vaihekoski
HANKEN School of Economics and University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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World asset pricing model, conditional, time-varying, price of market risk, local vs. global pricing, segmentation, foreign exchange risk, multivariate GARCH-M, Finland, USA, U.S. dollar

33.

Portfolio Construction in Emerging Markets

Emerging Markets Quarterly, Vol. 4, No. 3, pp. 68-78, 2000
Posted: 26 Sep 2001 Last Revised: 11 Aug 2009
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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34.

Sources of Capital Market Segmentation: Empirical Evidence from Finland

The Financial Review, 2001, vol. 36, no. 2, 139-159.
Posted: 04 Sep 2001 Last Revised: 06 Jul 2016
Mika Vaihekoski and Mika Vaihekoski
University of Turku - Turku School of EconomicsUniversity of Turku, Turku School of Economics

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segmentation, integration, conditional asset pricing, Finland, gmm estimation